Steering a tricky course: effective public-private partnerships for the provision of transportation infrastructure and services
Public-private partnerships (PPPs) are increasingly being used to procure transportation infrastructure assets. But what are the factors that make for successful PPPs? A review of three case studies offers insights. The Confederation Bridge PPP shows that project risks can be successfully transferred to the private sector, and underscores the importance of having the procurement authority adapt its role to the requirements of a PPP. The London Underground PPPs demonstrate the use of innovative output-based performance measures, but they also show that significant uncertainty about major costs (such as upgrades to legacy assets) can impair the effectiveness of risk transfer to the private sector. As well, these PPPs suggest that governments should be cautious about imposing PPP delivery methods on lower levels of government. Finally, the Montreal metro project, which was not a PPP, provides insights on the importance of thorough project planning and the value of extensive due diligence.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/97800887638909
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Corporate Authors:
Conference Board of Canada
Ottawa, Ontario Canada -
Authors:
- Iacobacci, M
- Publication Date: 2008-9
Language
- English
Media Info
- Pagination: 41p
Subject/Index Terms
- TRT Terms: Case studies; Governments; Infrastructure; Management; Partnerships; Private enterprise; Project management; Risk management
- Uncontrolled Terms: Transport management and Security
- ATRI Terms: Case study; Infrastructure; Partnership; Private sector; Project management; Public sector; Risk management; Transport management
- Subject Areas: Administration and Management;
Filing Info
- Accession Number: 01385974
- Record Type: Publication
- Source Agency: ARRB
- ISBN: 97800887638909
- Report/Paper Numbers: 08-289
- Files: ATRI
- Created Date: Aug 22 2012 7:26PM