Public-Private Partnerships: Risk Allocation and Value for Money

Public-private partnerships for hospitals.

While some forms of public-private partnerships are a feature of hospital construction and operation in all countries with mixed economies, there is increasing interest in a model in which a public authority contracts with a private company to design, build and operate an entire hospital. Drawing on the experience of countries such as Australia, Spain, and the United Kingdom, this paper reviews...

Public-Private Partnerships

Finance and Public-Private Partnerships

A PPP bundles investment and service provision of infrastructure into a single long-term contract. A group of private investors finances and manages the construction of the project, then maintains and operates the facilities for a long period of usually 20 to 30 years, and at the end of the contract transfers the assets to the government. During the operation of the project, the private partner...

Public Private Partnerships : added value by organisational form or management ?

The central idea of public private partnerships (PPPs) is that added value can be achieved from greater co-operation between public and private actors. In general, the literature speaks of PPPs in which public and private actors develop a more or less sustainable cooperation through which they realise products, services, or policies together, share risks and develop an organisation form to arra...

Private finance initiative (or public private partnership) implementation processes and perception of value for money

The aim of this study is to examine the relationships among perceptions of implementation processes, implementation difficulties and value for money (VFM) in UK school private finance initiative (PFI) or public private partnership (PPP) contracts. The results suggest that implementation factors, such as effective PFI ‘consultation’, ‘contractual’, ‘monitoring and review’ processes have a signif...