Dr. Felix Villalba-Romero

Dr. Felix Villalba-Romero


School of Engineering

Harris Building, HB236

+44 (0) 1772 89 3965


Felix is a Senior Research Associate at Centre for Sustainable Development, University of Central Lancashire and a Lecturer in Finance at EAE Business School. He is also Managing Partner at Full Value Consulting.

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Felix is a Senior Research Associate to Centre for Sustainable Development within the area of Disaster Resilience and Infrastructure Financing at the School of Engineering of the University of Central Lancashire (UCLAN). He is currently working for CABARET (Capacity Building in Asia for Resilience Education) Project, exploring financial innovations for disaster risk reduction using Public Private Partnerships schemes. He combines it with a Lecturer position in Finance at EAE Business School

He is also Managing Director at Full Value Consulting in Spain. He conducts advisory tasks for public institutions as well consulting activities for private corporations, such as concessionaire group, builders and real estate developers and other consulting firms, offering financial advice in the areas of project and business valuation, M&A, financing, treasury, business plans, restructuring and negotiations.

Previous positions in research and academic activities, are:

  • Researcher in the area of Transport Infrastructure Financing, School of Engineering, UCLAN, Preston UK
  • Visiting researcher in the field of PPP transport infrastructure. Grenfell-Baines School of Architecture, Construction and Environment. UCLAN, Preston, UK
  • Researcher at Autonomous University of Madrid
  • Lecturer in Banking and Financial Management at Universidad Carlos III, Madrid, Spain

He previously worked in executive positions in diverse corporations, mostly in Spain and the USA, including ALAZOR, S.A/ TACEL, S.A. Groups (Toll Motorways); AMADEUS Group (Global Transport CRS and TICs services); PHILIP MORRIS (Tobacco); MALLINCKRODT (Medical and Chemical); REPSOL Group (Oil and Gas).


  • Ph.D. (International, Cum Laude) Corporate Finance, Autonomous University of Madrid, 2017      
  • M.Sc. Tax Advisory, San Pablo University, 2007
  • MBA International Management, Autonomous University of Madrid, 1.988
  • M.Sc. (Economics) Public Economy, 1986


  • Member of Spanish Economist Association in Madrid. Chartered Accountant and Tax Expert
  • Member of The Institute of Public-Private Partnership. Chartered PPP Specialist
  • Member of the Spanish Institute of Financial Analysts. Chartered Business Valuation Expert
  • Member of Spanish Infrastructures Forum. Madrid 


Villalba-Romero, F., Lamothe Fernandez, P. (2016) Capital Markets and Islamic Finance. Special Reference to Infrastructure Financing. (In Spanish) Economy Journal, Spanish Commercial Information. Ministry of Economics and Competitiveness. Spanish Government.

Villalba-Romero, F., Liyanage, C. (2016). Implications of the use of different payment models – the context of PPP Road Projects in the UK. International Journal of Managing Projects in Business. Volume 9, Issue1. Special Issue: Managing transport infrastructure PPPs. Special Issue: Managing transport infrastructure PPPs. ISSN: 1753-8378. http://www.emeraldinsight.com/toc/ijmpb/9/1.

Liyanage, C. Villalba-Romero, F. and Njuangang, S. (2015) Measuring success in PPP road projects in Europe: A performance measurement system (PMS), Chapter 15 in, Roumboutsos, A. (2016) Public Private Partnership in Transport. Routledge Studies in Transport Analysis. COST. ISBN: 978-1-138-89816-5 (hbk).

Liyanage, Champika Lasanthi and Villalba-Romero, Felix (2015) Measuring Success of PPP Transport Projects: A Cross-Case Analysis of Toll Roads. Transport Review, 35 (2). pp. 140-161. ISSN 0144-1647. DOI:10.1080/01441647.2014.994583.

Villalba-Romero, Felix, Liyanage, Champika Lasanthi and Roumboutsos, Athena (2015) Sustainable PPPs: A comparative approach for road infrastructure. Case Studies on Transport Policy, Volume 3, Issue 2. pp. 243-250. ISSN: 2213-624X.doi:10.1016/j.cstp.2015.04.005. 

More Publications


  • Proceedings of 6th Transport Research Arena, April 18-21, 2016, Warsaw, Poland. 
    Villalba-Romero, Felix and Liyanage, Champika Lasanthi (2016) Evaluating Success in PPP Road Projects in Europe: A Comparison of Performance Measurement Approaches
  • Conference “GSOM Emerging Markets Conference-2015: Business and Government Perspectives” Saint Petersburg University. 15-17 October 2015. RUSSIA.
    Villalba-Romero, Felix and Liyanage, Champika Lasanthi (2015) Evaluating Success and Limitations in Funding and Financing PPP Road Projects in Europe. www.gsom.spbu.ru/emc
  • Pacific Alliance Seminars. May 2014. EUDE Business School. Spain. 
    Villalba-Romero, Felix (2014) Public Private Partnership and Project Finance in the Infrastructure sector. (In Spanish). Building and Infrastructure: Opportunities for Spain.
  • Innovation in Public Finance Conference. Politecnico di Milano.17-19 June 2013. ITALY. PoliFinance Publishing Ltd. 2014 ISBN: 978-1-910069-003
    Villalba-Romero, Felix (2013) “Radial de Madrid” Toll Roads. From Negotiations to Rescue?


  • Current: CABARET (Capacity Building in Asia for Resilience Education) funded by ERASMUS+


  • ODESSA (Optimising Care Delivery Models to Support Ageing: Towards Autonomy, affordability and Financial Sustainability). China-EU
  • BENEFIT (Business models for enhancing funding and enabling Finance of infrastructure in transport) funded by Horizon 2020
  • COST (European Cooperation in Science and Technology), TU 1001: Public Private Partnerships in Transport: Trends and Theory, 

Research Activities

  • Sustainable Finance
  • Financial Management
  • Corporate & Project Finance
  • Public Private Partnerships (PPP)
  • Infrastructure Financing (Transport and Social)
  • Disaster Resilience Financing. 

External Affiliations and Roles

  • Lecturer at EAE Business School. Spain