Private Sector Involvement in Infrastructure Projects
نویسنده
چکیده
There has been little systematic discussion of the issues associated with private involvement in infrastructure. Analysis of the relative performance of the private and public sector in different phases of infrastructure provision suggests that in most cases, the private sector will be most efficient in the construction phase but the public sector will be best equipped to handle the risks associated with ownership. The situation is less clear-cut with respect to operation — a mixture in which core operations are undertaken by the public sector owner with peripheral operations being contracted out may be optimal in many cases. PRIVATE SECTOR INVOLVEMENT IN INFRASTRUCTURE PROJECTS
منابع مشابه
Infrastructure Financing with Unbundled Mechanisms
1 During the last decade the role of the public sector in the financing of infrastructure projects has changed radically, both in developed and in emerging economies. On the one hand, budgetary constraints are now more restrictive. On the other hand, it is also widely accepted that the private management of public projects generates efficiency gains. 1 As a consequence, the role of the public s...
متن کاملLessons From Private Financing of Transport Infrastructure: Dutch Infrastructure in the 19th Century and European Projects in the 20th Century
In the past decade serious doubts have been expressed on the efficiency of a strong public financial involvement in infrastructure. This provokes the question whether financing of infrastructure should be a task of the government. For this purpose, the paper first presents a concise theoretical overview under which circumstances there is a case for public intervention. Interestingly, the financ...
متن کاملInfrastructural Investment Opportunities for the Development of Agricultural Businesses Based on Public- Private Partnership Approach
Agricultural infrastructured included the entire body of basic services needed for the growth of an economy and for the improvement of the efficiency of the markets related to food and dietary fiber. Investment in agricultural infrastructure calls for a wide- spread collaboration among the various organization involved in the sector. The main purpose of the present research was to identify...
متن کاملA Model of Infrastructure Financing
Infrastructure projects often require large investments, can have long gestation periods, and typically involve multiple parties: government, private sector firms and outside investors. Government and private sector firms must expend effort to implement and maintain the projects, may derive private benefits in participating in the project, and may possess only limited information. Moreover, gov...
متن کاملNew global healthcare PPP developments
Healthcare PPPs where clinical services as well as infrastructure are delivered by the private sector are coming under the spotlight as governments seek to achieve value for money in health budgets. Existing examples are being reported as successful, however this article urges caution as a closer look at the evidence shows that handing over control of service delivery to the private sector is d...
متن کامل