Public-Private Partnership Contracts for Road Projects in the Age of Autonomous Vehicles

This book studies how governments and private firms design contracts for public-private partnership (PPP) road infrastructure projects in the presence of both autonomous vehicles (AVs) and human-driven vehicles (HVs). As AVs become more widespread, governments are increasingly upgrading road infrastructure into smart roads or build new roads to accommodate AVs. PPP is an approach to delivering road infrastructure by involving private firms, which is being widely adopted around the world. This book addresses the need for PPP contract design that meets the unique challenges of AVs, such as traffic management policies, differentiated toll pricing, the effect in congestion time, and so on. The authors explore how AVs are changing the way governments and private firms collaborate to build and manage road infrastructure. The Hangzhou-Shaoxing Smart PPP Highway Project is used to illustrate how theoretical concepts are applied in practice, making the book highly relevant for both academics and practitioners.