Transport economic regulatory intervention in the transport infrastructure : a public-private partnership exploratory study
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Authors
Maluleka, Khulumane John
Issue Date
2009-08-25T10:58:09Z
Type
Dissertation
Language
en
Keywords
Department of Transport , Transport economic regulatory authority , Competition in the market , Regulatory intervention , Concession agreement , Transport infrastructure , Private Partnerships
Alternative Title
Abstract
The aim of this study is to determine whether the introduction of a transport economic regulatory authority would serve as a valid intervention mechanism in the Public-Private Partnership of the transport infrastructure in South Africa. In order to achieve this objective, the study focused on the analysis of the concept of Public-Private Partnership, and how it has unfolded in a number of industrialised countries. Much attention was devoted in examining how the Public-Private Partnership arrangements followed by the studied countries influenced the current transport infrastructure management process in South Africa.
To deal with the above, a host of macro-environmental variables were analysed in respect of their potential impact on the South African Department of Transport. The establishment of various agencies by the Department of Transport was seen as a consequence of the influence of the prevailing environmental forces. The outcome of the analysis revealed that a sustainable transport infrastructural development is a product of genuine partnership between the public and private sectors.
Competition for the market and the significance of such competition in the transport infrastructure were outlined. The main goal of competition within the context of this study is to diffuse the economic power of the toll road industry and the protection of the individual's fundamental rights. The study also unearthed a need to deepen the talent and skills of both public and private sector officials as this would enable them to protect the citizens' right to make well-considered choices in the toll road industry.
The study identified a need to establish a transport economic regulatory authority that would control the market dynamics of power relationships in the transport industry. Such a body should be creative and need to have regulatory oversight over transport infrastructure.
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Citation
Maluleka, Khulumane John (2009) Transport economic regulatory intervention in the transport infrastructure : a public-private partnership exploratory study, University of South Africa, Pretoria, <http://hdl.handle.net/10500/1926>