 Public--private partnerships: a review of economic considerations with particular reference to transportation projectsTransportation Planning and Technology, 2016, vol. 39, issue 2, 136-161 Abstract: The paper sets in context some of the more recent work that has been conducted on public--private partnerships (PPPs) in the provision and operation of infrastructure. PPPs essentially involve a government or its agent signing an agreement with a private company or consortium to supply it with services with the private sector actor involved in major elements of designing, building, temporarily ‘owning’, and running the physical assets; basically they are long-term development and service contracts between government and a private partner. The paper outlines the development of economic thinking regarding the rationale behind PPPs, the extent to which unbundling is optimal and the forms that it may take, the nature of the contracts that are enacted and their renegotiation, the awarding of contracts, and matters of possible corruption. By way of focus, it also provides some indication of what empirical studies in the transportation have thrown up regarding the outcomes of PPPs. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:transp:v:39:y:2016:i:2:p:136-161 Ordering information: This journal article can be ordered from DOI: 10.1080/03081060.2015.1127538 Access Statistics for this article Transportation Planning and Technology is currently edited by Dr. David Gillingwater More articles in Transportation Planning and Technology from Taylor & Francis Journals |
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