Financial Structuring of Infrastructure Projects in Public-Private Partnerships: A Tool for Designing Feasible Structures
AbstractThis paper emphasizes that the label PPP (public-private partnerships) covers almost all arrangements, as there is always some private and public involvement. PPP is a continuum of options that accommodate the public and private contributions. This paper emphasizes the different structures that must be devised to encompass the relative participations of each party and emphasizes the need to match these participations to project characteristics, local context, and financial arrangements. This is crucial to clarify the scope of PPPs, calibrate expectations, and withstand the pressures of returning to the mistakes of the étatist scheme as a response to the social discontent faced by the real or perceived failures of privatization.
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Bibliographic InfoPaper provided by Inter-American Development Bank in its series IDB Publications with number 46798.
Date of creation: Sep 2006
Date of revision:
Investment; Financial Services; Infrastructure & Transport; Public Private Partnerships; finance infrastructure investments; Latin America; public-private partnerships; PPP;
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- Dani Rodrik, 2004. "Institutions and Economic Performance - Getting Institutions Right," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 2(2), pages 10-15, October.
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