Public Private Partnerships: case study of critical failure factors in formulation and implementation

Abstract

PPP (Public Private Partnerships) allow any large public sector agency or government to focus on procuring services on the most cost effective basis, rather than directly owning and operating assets. Governments target PPP to achieve several objectives, including mobilising private sector funds, management skills, expertise, other resources and innovation drivers to provide 'better value' (or in some cases to merely provide otherwise ' difficult-to-provide ') public infrastructure and services. Specific objectives could include superior project management and better controls, overall value for money through more careful and comprehensive designs e.g. in encouraging life-cycle considerations in more effective designs, and reduced maintenance and operation costs.