Financing of transportation projects:A project model for investor and stakeholder risks and returns

The first privately financed road project in Finland was analysed from the viewpoint of the private investors and the procuring public authority. The project was modelled using empirical financial, economic and technical parameters, and was verified with recent empirical data. The analytical technique was based on a system simulation model in which the economic and financial empirical models were incorporated. The results provided recommendations for investor strategies and policy guidelines for procuring authorities