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Rethinking the role of private capital in infrastructure PPPs: the experience of Ontario, Canada

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  • Sherena Hussain
  • Matti Siemiatycki

Abstract

Private capital has become a significant feature of infrastructure public–private partnerships (PPPs) on the premise that it incentivizes diligent risk management among private partners. This paper evaluates this claim by examining the PPP programme in Ontario, Canada, where the amount of long-term private capital in PPPs has been reduced. The paper shows that decreasing the amount of private capital after construction does not undermine performance, while producing cost savings for governments. This was achieved by deploying sophisticated procurement and monitoring strategies. These findings suggest that private capital is one of several tools available to achieve positive value for money in PPPs.

Suggested Citation

  • Sherena Hussain & Matti Siemiatycki, 2018. "Rethinking the role of private capital in infrastructure PPPs: the experience of Ontario, Canada," Public Management Review, Taylor & Francis Journals, vol. 20(8), pages 1122-1144, August.
    • Handle: RePEc:taf:rpxmxx:v:20:y:2018:i:8:p:1122-1144
    DOI: 10.1080/14719037.2018.1428412
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    Cited by:

    1. Jiangang Shi & Kaifeng Duan & Shiping Wen & Rui Zhang, 2019. "Investment Valuation Model of Public Rental Housing PPP Project for Private Sector: A Real Option Perspective," Sustainability, MDPI, vol. 11(7), pages 1-18, March.
    2. Yujia He & Lei Shi & Zhongfu Li, 2021. "The combined effect of marginal social and private benefit on the socially optimal equity structure of PPP projects," Construction Management and Economics, Taylor & Francis Journals, vol. 39(10), pages 807-823, October.
    3. Mark A. Moore & Aidan R. Vining, 2023. "PPP performance evaluation: the social welfare goal, principal–agent theory and political economy," Policy Sciences, Springer;Society of Policy Sciences, vol. 56(2), pages 267-299, June.
    4. Wang, Huanming & Ma, Liang, 2019. "Ownership, corruption, and revenue regimes for infrastructure partnerships: Evidence from China," Utilities Policy, Elsevier, vol. 60(C), pages 1-1.

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