Risks and the financing of PPP: Perspectives from the financiers

Istemi Demirag, Iqbal Khadaroo, Pamela Stapleton and Caral Stevenson

The British Accounting Review, 2011, vol. 43, issue 4, 294-310

Abstract: Public private partnerships (PPP) are an established model for most governments internationally to provide infrastructure-based services, using private finance. Typically the public authority will sign a contract with a special purpose vehicle (SPV), which, because of the holistic nature of PPP, in turn sub-contracts the finance, design, construction, maintenance and soft services to companies that are often related to its shareholders. Thus there is a considerable network of linked organisations that together procure and provide the PPP project.

Keywords: Public–private partnerships; Private finance initiative; Risk mitigation (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:43:y:2011:i:4:p:294-310

DOI: 10.1016/j.bar.2011.08.006

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