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Risk transfer is at the core of PPP projects, and it becomes particularly relevant when the demand risk is transferred to the concessionaire. The main purpose of this research is to analyze this topic using managed lane projects in North Texas as case studies. The research focuses on analyzing which risks have been transferred to the concessionaire in these projects, how they have performed over the years, and what can be learned from this experience.

Risk transfer in PPP projects: analysis of managed lanes in North Texas