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Private-public partnerships: prerequisites for prime performance

Author

Listed:
  • Thomson, Campbell C.

    (European Investment Bank, Operations Evaluation)

Abstract

This paper presents the findings of an evaluation of public-private partnership (PPP) projects financed by the EIB. The evaluation, carried out by Operations Evaluation of the EIB, suggests that EIB involvement can add financial and non-financial benefits and that PPP projects score well in terms of delivering infrastructure on time and budget. There is also evidence, however, that optimistic demand forecasts may compromise the efficiency and financial sustainability of some projects. A key finding of the evaluation is that, in reality, the choice was not so much between a PPP and traditional public procurement, as between a PPP project and no project, at least in the short to medium term. Key factors for success were the level of competition and the clarity of the project's output specification.

Suggested Citation

  • Thomson, Campbell C., 2005. "Private-public partnerships: prerequisites for prime performance," EIB Papers 11/2005, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2005_011
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    Citations

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    Cited by:

    1. Christopher J. Green & Eric J. Pentecost & Tom Weyman-Jones (ed.), 2011. "The Financial Crisis and the Regulation of Finance," Books, Edward Elgar Publishing, number 14248.
    2. Gerhard Hammerschmid & Tamyko Ysa, 2010. "Empirical PPP Experiences in Europe: National Variations of a Global Concept," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 15, Edward Elgar Publishing.
    3. Darrin Grimsey & Mervyn K. Lewis, 2011. "Minimizing Collateral Damage: Options for Financing Public–Private Partnerships in the Wake of the Financial Crisis," Chapters, in: Christopher J. Green & Eric J. Pentecost & Tom Weyman-Jones (ed.), The Financial Crisis and the Regulation of Finance, chapter 15, Edward Elgar Publishing.
    4. Harry Clarke, 2007. "Conserving Biodiversity in the Face of Climate Change," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 14(2), pages 157-170.

    More about this item

    Keywords

    public-private partenerships; evaluation; European Investment Bank;
    All these keywords.

    JEL classification:

    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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