Publication: Good Governance in Public-Private Partnerships : A Resource Guide for Practitioners
Date
2009-06
ISSN
Published
2009-06
Author(s)
World Bank
Abstract
Public-Private Partnerships (PPPs)
provide a new 'model' for infrastructure service
delivery, which combines elements borrowed from other legal
economic and financial structures. A mixture of elements
derived from public procurement, project finance, concession
contracts, and policy network theories provides the
background for PPPs structures. PPPs not only articulate
such elements in one product but also constitute separate
evolutions of the structures they originate from. In part,
PPPs have been created to solve some problems those domains
have generated or were not able to solve efficiently.
However, PPPs are not meant to replace those domains but to
provide alternative options to them. The natures of PPPs are
associated with a new contract, procurement and relationship
type. For some, a PPP is a new 'contract type'
whose main characteristics are risk sharing between the
public and private party; bundling of construction and
operation; output base specifications; and long term
commitments serve to define and distinguish the type others
PPPs as a 'procurement type', alternative to
traditional public procurement (including outsourcing), and
concession. For some others, PPPs constitute new
'relationship types' between the Public
Administration (PA), private parties and stakeholders
involved in an infrastructure service delivery project.
Indeed, a PPP is all of the above: a new contract,
procurement, and relationship type. The origin of these
typological diversities is mainly due to the different
perspective legislators, practitioners, and scholars have
had toward PPPs.
Citation
“World Bank. 2009. Good Governance in Public-Private Partnerships : A Resource Guide for Practitioners. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/12665 License: CC BY 3.0 IGO.”