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Public-Private Partnerships, Traditionally Financed Projects, and their Price

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  • Dejan Makovsek

Abstract

In theory, PPPs offer many advantages albeit with very limited solid empirical evidence, while issues regarding the misuse of PPPs for public accounting purposes still loom. The procurement of infrastructure through a PPP may be more expensive foremost because of two factors: the private sector expresses risk explicitly by including a risk premium in their price; and the private partner in the project may try to optimise the life cycle cost of the project, which would be expressed in increased upfront investment. This article provides evidence against the argument that PPPs are more expensive solely due to explicit risk expression. © 2013 LSE and the University of Bath

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  • Dejan Makovsek, 2013. "Public-Private Partnerships, Traditionally Financed Projects, and their Price," Journal of Transport Economics and Policy, University of Bath, vol. 47(1), pages 143-155, January.
    • Handle: RePEc:tpe:jtecpo:v:47:y:2013:i:1:p:143-155
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