Archives

Bridging Politics and Projects: How Political Affinity and Government Support Affect Delays in Public-Private Partnership Initiation

Original study by Jorge Fleta-Asína, Alfredo Jiménez and Fernando Muñozc This paper aims to fill a significant gap in the literature by examining how institutional factors such as political affinity (diplomacy) and government support affect delays in project initiation in developing countries.  It focuses on PPPs that are financed by cross-border investment. The paper argues […]

Review of Studies on Sustainability of Public-Private Partnership Projects: A Bibliometric Analysis

Original study by Haytham Besaiso, Moheeb Abualqumboz, Xinyue Cheng The authors of this paper assert that research on public-private partnerships (PPP) projects has increasingly focused on their sustainability, reflecting the growing global emphasis on sustainable development.  This study therefore conducts a comprehensive bibliometric analysis of literature on the sustainability of PPP projects, aiming to map […]

Exploring Interactions Among PPP Institutional Variables Along Market Maturity Levels

Study by John Salazar and Petr Matous It is widely recognised that institutional quality is an important determinant of the success of PPPs.  Institutions including political, legal and public sector environments are crucial to attracting private investment and ensuring PPPs are legitimately governed. This paper conducts an in-depth study of the institutions that influence PPP […]

Governance and Renegotiation in Public-Private Partnerships During Crises: An Examination of the Resulting Tensions in a Private Partner Consortium

Original study by Marta Almeida, Anne Stafford, Robert Scapens As PPPs are long-term contracts, they are often characterized by project complexity and uncertainty that may be because of an exogenous event such as the global financial crisis (GFC) or the pandemic.  PPPs, therefore, usually have governance arrangements in place to regulate uncertainty during crises. This […]

Rent-seeking in Megaprojects: The Case of Turkey’s Public-Private Partnerships for Roads

Original article by Ali Osman Solak This article explores how governance quality impacts the success of public-private partnerships (PPPs), focusing specifically on Turkey’s road infrastructure projects. Theoretically, well-structured PPPs offer benefits such as optimized risk allocation and increased efficiency. However, these outcomes depend heavily on robust governance frameworks that ensure transparency, accountability, and strong institutional […]

The Case for Public-Private Partnerships in South Africa: Is South Africa Ready?

Original Study by Daniel Nugent  & Johan Burger. South Africa’s National Infrastructure Plan 2050 indicates an intention to augment the financial capacity and technical expertise of its delivery agencies by engaging in strategic partnerships with the private sector through public-private partnerships (PPPs). The objective of this paper is to identify, measure and critically consider the […]

Divergent Pathways: PPP Developments in the United Kingdom and the Republic of Ireland

Original study by Gail Sheppard & Matthias P. Beck This paper examines the different trajectories of PPP usage in Ireland and the UK.  Both countries started with similar policies of PPP-based infrastructure procurement, with Ireland largely duplicating UK policy.  However, since Covid-19 Ireland expanded the use of PPP whereas PPP in the UK stalled in […]

Evaluating Fiscal Supports on the Public-Private Partnerships: A Hidden Risk for Contract Survival

Original study by Manabu Nose While public–private partnerships (PPPs) have the potential to bridge infrastructure gaps in developing countries, frequent contract renegotiations and terminations (contract distress) pose significant challenges.  Frequent contract distress imposes fiscal burdens on governments and may deter future private investments. In developing countries, the proportion of PPPs backed by government guarantees has […]

Political Incentives and Officials’ Behaviors in Public-Private Partnership Termination

Original Study by Yingzi Liang, Hui Sun, Yuning Wang, Jidong Chen, Lu Niu This paper explores the issue of PPP terminations in China where PPPs have been used extensively since 2014.  The authors assert that the use of PPP in China is falling short of expectations.  For example, PPPs often “fail to allocate risks to […]