The paper sets in context some of the more recent work that has been conducted on public–private partnerships (PPPs) in the provision and operation of infrastructure. PPPs essentially involve a government or its agent signing an agreement with a private company or consortium to supply it with services with the private sector actor involved in major elements of designing, building, temporarily ‘owning’, and running the physical assets; basically they are long-term development and service contracts between government and a private partner. The paper outlines the development of economic thinking regarding the rationale behind PPPs, the extent to which unbundling is optimal and the forms that it may take, the nature of the contracts that are enacted and their renegotiation, the awarding of contracts, and matters of possible corruption. By way of focus, it also provides some indication of what empirical studies in the transportation have thrown up regarding the outcomes of PPPs.
Public–private partnerships: a review of economic considerations with particular reference to transportation projects
Transportation Planning and Technology ; 39 , 2 ; 136-161
2016-02-17
26 pages
Article (Journal)
Electronic Resource
English
Public-Private Partnerships to Deliver Sustainable Transportation Projects
Springer Verlag | 2007
The growing public/private partnerships in railroad transportation
British Library Online Contents | 1998
|