Enhancing the policy environment for public-private partnerships

Chandan Sharma and Vatcharin Sirimaneetham

No PB72, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Public-private partnerships are generally defined as a contractual agreement between a public agency and a private entity on a long-term project aimed at providing a public service and infrastructure.1 Examples of public services delivered through PPP are prison services and public parks, while infrastructure can refer to both economic infrastructure, such as electricity and mobile phone networks, and social infrastructure, such as public schools and hospitals. In general, the private entity assumes a large part of the financial and operational risks in a project, while the income could be in the form of user fees of the public service or infrastructure provided. An example is a consortium of private companies that build, operate and maintain a toll road in exchange for toll charges.

Date: 2018
New Economics Papers: this item is included in nep-ppm, nep-reg, nep-sea and nep-ure
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