RISK ALLOCATION IN TRANSPORT PUBLIC SERVICE CONTRACTS

The aim of this paper is to analyse the risks that are the subject of public service contracts for providing public passenger services and to express their impact on financing transport services from the position of public authorities. The paper verifies a hypothesis that the most advantageous contract from the position of public authorities is a net cost contract. Under this contract type, public authorities take no risks related to providing transport services. The paper also analyses the risks that arise during transport service provision. The risks are divided into cost and revenue risks. The paper proposes a procedure for quantification of cost and revenue risks and it provides a model calculation in the conditions of the Slovak Republic. The paper also highlights the bottlenecks in the conclusion of individual contract types from the position of public authorities.