When bigger is better: Investment volume drivers in infrastructure public-private partnership projects

Jorge Fleta-Asín and Fernando Muñoz

Socio-Economic Planning Sciences, 2023, vol. 86, issue C

Abstract: This research studies the factors that favour the establishment of high-investment infrastructure public-private partnership (PPP) projects. We analyse 9121 PPPs, hosted in 107 developing countries, in the period 1997–2017. We find that PPP projects adopting contractual forms in which the private party takes more risks, awarded through competitive methods and benefitting from indirect government support programmes, are characterized by a larger investment volume. A more business-friendly economy and robust institutions configure the most conducive environment to establish larger investment PPPs. Furthermore, multilateral development banks’ support of the projects relates positively to their investment volume.

Keywords: Public-private partnerships (PPP) projects; Investment volume; Institutional environment; Economic environment; Government support programmes; Multilateral development banks (MDB) (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:86:y:2023:i:c:s0038012122002749

DOI: 10.1016/j.seps.2022.101473

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