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Evaluating The Costs, Quality, And Value For Money Of Infrastructure Public‐Private Partnerships: A Systematic Literature Review

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  • Ole HELBY PETERSEN

Abstract

Public‒private partnerships (PPPs) are often promoted as a means to lower the costs and increase the quality and value for money (VfM) of public construction and infrastructure projects. While the increasing capital stock of PPPs warrants evaluation of their performance there has until now been limited systematic assessment of PPP versus conventional public procurement. This article contributes to the literature by presenting the findings of a systematic review of empirical peer‐reviewed studies comparing the costs, quality, and/or VfM of infrastructure PPP projects with conventional public procurement. The international literature suggests that PPPs are on average more costly and provide approximately similar VfM as conventional procurement. The number of empirical evaluations is limited, however, and evidence on the quality of infrastructure facilities is particularly scarce. While infrastructure PPPs continue to proliferate, systematic assessment of their performance is warranted to assist policy‐makers in choosing the procurement method that offers best value for taxpayers, users and society.

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  • Ole HELBY PETERSEN, 2019. "Evaluating The Costs, Quality, And Value For Money Of Infrastructure Public‐Private Partnerships: A Systematic Literature Review," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 227-244, June.
    • Handle: RePEc:bla:annpce:v:90:y:2019:i:2:p:227-244
    DOI: 10.1111/apce.12243
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    Cited by:

    1. Nannan Wang & Minxun Ma, 2021. "Public–private partnership as a tool for sustainable development – What literatures say?," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(1), pages 243-258, January.
    2. Anthony E. Boardman & Mark Moore & Aidan Vining, 2020. "Financing and Funding Approaches for Establishment, Governance and Regulatory Oversight of the Canadian Northern Corridor," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 13(25), October.
    3. Erik-Hans Klijn, 2022. "Theories of public-private partnerships," Chapters, in: A Research Agenda for Public–Private Partnerships and the Governance of Infrastructure, chapter 2, pages 33-52, Edward Elgar Publishing.
    4. Hanna Kociemska & Boguslaw Poltorak, 2021. "The Influence of Social Impact Bonds on Public–Private Partnership Success: The Case of Higher Education," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 423-438.
    5. Marques, Rui Cunha, 2021. "Public interest and early termination of PPP contracts. Can fair and reasonable compensations be determined?," Utilities Policy, Elsevier, vol. 73(C).

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