TABLE OF CONTENTS HA-14/E Paper for Transportation Commercialising the Management and Maintenance of Trunk Roads in the United Kingdom ・Abstract ・Abbreviations ・Introduction ・Background to the Commercialisation of Transport in the United Kingdom ・Creating the Highways Agency ・Truck Road Agency Management Arrangements ・The Private Finance Initiative ・The Development of Design, Build, Finance, and Operate (DBFO) Contracts in the United Kingdom ・The Highways Agency's Objectives for Design, Build, Finance, and Operate Projects ・Payment Mechanisms and Incentives ・Service Specification ・Expiry of the Contract ・The public Sector Comparator ・Risk Allocation ・Conclusions ・References ・