POLITICAL ACCEPTABILITY OF PRIVATELY FINANCED MOTORWAYS IN HUNGARY

Abstract

Based on a few research analyses, M1/M15 concession motorway project has been analysed, which was the first tolled and shared financed project in the CEE region with more or less success. The objectives of this analysis were to find answers to institutional questions about how to involve private capital into road infrastructure development in politically acceptable way, using a psycho-economic model. This paper starts with introduction and overview of the Hungarian concession motorway project´s history. After the short description of the applied model, key actors are identified and described, as the politicians/regulators, transport providers and their interest groups, the public with interest groups and the media. This is followed by findings of in-depth analysis of the motivations and decisions, to be able to set up the stakeholders´ characteristics and a way of decisions. This systematic description and the positive analysis of the different key actors lead to explanations of the situation and the causalities in occurrence of the Hungarian concession motorway project. The analysis criteria are problem perception, goals, information provision, effectiveness, equity/fairness issues, social environment, implementation process and finally the political and institutional setting. The conclusion attempts to give lessons to be learned, answers to institutional and regulatory questions and policy recommendations for decision-makers.