Can PPPs Help Close the Infrastructure Gap in the Transition Economies?
This paper dealing with financing development addresses how public infrastructure can be paid for and managed in an environment where public resources are limited but the investment needs for these services are great. This is a characteristic that succinctly describes many of the emerging markets of the region. With insufficient resources in government budgets there has been a need and an increasing tendency to rely more on the private sector to build, maintain and manage infrastructure projects. Public-private partnerships (PPPs) represent a flexible institutional arrangement that allows the public and private sectors to share responsibility in achieving social objectives with specific responsibilities entrusted to the entity that can accomplish it most effectively. However, as with any other institutional structure, the devil is in the details, and in many of the transition economies in the 1990s the details were not appropriately designed. This paper analyses what is required for governments to be able to effectively use this financial model. Seven lessons are provided based upon an analysis of many PPPs that have been implemented in a number of different sectors and countries. In addition, it is emphasized that the effective use of PPPs, which properly considers developmental objectives, can help society not only achieve the cost-effective provision of services but can also increase accessibility of services to the poor and to geographically disadvantaged regions.
|Date of creation:||Jun 2008|
|Date of revision:|
|Publication status:||Published in United Nations ECE 2008 Annual Report|
|Contact details of provider:|| Postal: Palais des Nations, CH - 1211 Geneva 10|
Phone: +4122 917 44 44
Fax: +4122 917 05 05
Web page: http://www.unece.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ece:annrep:2008_4. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Shelburne)The email address of this maintainer does not seem to be valid anymore. Please ask Robert Shelburne to update the entry or send us the correct email address
If references are entirely missing, you can add them using this form.