Private-public partnerships: prerequisites for prime performance

Campbell C. Thomson ()
Additional contact information
Campbell C. Thomson: European Investment Bank, Operations Evaluation

No 11/2005, EIB Papers from European Investment Bank, Economics Department

Abstract: This paper presents the findings of an evaluation of public-private partnership (PPP) projects financed by the EIB. The evaluation, carried out by Operations Evaluation of the EIB, suggests that EIB involvement can add financial and non-financial benefits and that PPP projects score well in terms of delivering infrastructure on time and budget. There is also evidence, however, that optimistic demand forecasts may compromise the efficiency and financial sustainability of some projects. A key finding of the evaluation is that, in reality, the choice was not so much between a PPP and traditional public procurement, as between a PPP project and no project, at least in the short to medium term. Key factors for success were the level of competition and the clarity of the project's output specification.

Keywords: public-private partenerships; evaluation; European Investment Bank (search for similar items in EconPapers)
JEL-codes: H40 H43 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005-06-06
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.eib.org/attachments/efs/eibpapers/eibpa ... _n02_en.pdf#page=114 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2005_011

Access Statistics for this paper

More papers in EIB Papers from European Investment Bank, Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by Polyxeni Kanelliadou ().