Public-Private Partnerships

Sock-Yong Phang

Chapter 8 in Housing Finance Systems, 2013, pp 97-108 from Palgrave Macmillan

Abstract: Abstract A public–private partnership (PPP) is a formal contractual arrangement entered into between the public sector and the market in order to deliver a well-defined output or service. It is distinct from privatization inasmuch as there is the continuation of government engagement through some form of regulation by contract. PPPs have deep roots in the USA, where the scope of state-owned enterprises has been limited. In the 1980s, privatization of state-owned enterprises and assets started in the UK under the Thatcher government and subsequently became a worldwide phenomenon. Recognizing that complete privatization was not possible or desirable in some sectors, PPPs were first popularized in the early 1990s in the UK as private finance initiatives (PFIs) for asset-based infrastructure. During the past two decades, the PPP has been widely embraced by many governments as a method for the delivery of a wide range of services in sectors such as roads, rails, electricity, water and health.1

Keywords: Social Housing; Private Partnership; Private Finance; Private Developer; Private Finance Initiative (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01403-0_8

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DOI: 10.1057/9781137014030_8

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