The Global Experience with Infrastructure Public—Private Partnerships

Countries throughout the world are faced with aging infrastructure and limited budgets. As a result, many are turning to public-private partnerships (PPPs) to deliver large-scale public infrastructure projects. Although PPPs are widely supported by a variety of political affiliations and governments, they can also be controversial. This paper provides a brief overview of PPPs to assist municipal planners in weighing their benefits and drawbacks. A brief history is provided and contemporary practices are described. The rationales and motivations for choosing a PPP structure are summarized, along with the shortcomings of PPPs. The author concludes that PPPs are neither inherently positive nor inherently negative. The failure or success of the process is determined by the quality of the processes through which the PPP is structured, planned and delivered. The ways that key project risks are allocated between the partners also determines the end result. Shortcomings of PPPs can be addressed by publicly releasing key project information during the project planning process; examining mechanisms to transfer project risks to the private sector; and hiring experienced staff and advisors who can protect the public interest during the entire process.

• Record URL:
  https://doi.org/10.1080/15480755.2012.718624
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/15480755
• Authors:
  • Siemiatycki, Matti
• Publication Date: 2012-9

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 6-11
• Serial:
  • Planning & Environmental Law
  • Volume: 64
  • Issue Number: 9
  • Publisher: American Planning Association
  • ISSN: 1548-0755
  • Serial URL: http://www.tandfonline.com/loi/rpel20

Subject/Index Terms

• TRT Terms: History; Infrastructure; International; Public private partnerships; Risk management; Transportation planning
• Subject Areas: Administration and Management; Planning and Forecasting; Transportation (General); I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01446832
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 20 2012 9:20AM