Hybrid Dynamic Pricing Model for Transport PPP Projects during the Residual Concession Period

Public–Private-Partnerships (PPPs) have been adopted worldwide to deliver infrastructure projects and/or provide public services. Having a reasonable concession price (operation and transfer) in place is pivotal for sustaining win-win relationship between governments private sectors. However, historical data shown that the of PPPs when transfer less than satisfactory due changing attribute pricing parameters, causing substantial loss residual value (RV). Nevertheless, rational systematic model PPPs, especially transport not yet available. To this end, hybrid dynamic during period underpinned by case-based reasoning technique proposed. Furthermore, using case study Western Harbor Crossing tunnel Hong Kong, proposed validated be able account parameters calculate accurate price. The contributions are twofold: (1) it highlights beyond operation significant maintaining RV; (2) provides sectors calibrate current less-than-satisfactory