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Public-private partnerships: some lessons from Portugal

Author

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  • Monteiro, Rui Sousa

    () (Parpublica SA,)

Abstract

The Portuguese PPP experience demonstrates the effectiveness of PPPs in rapidly developing infrastructure and in improving the quality of public services. But the ultimate goal is economic efficiency, not just effectiveness. On this count, Portugal's PPPs may not have scored as high as they could have. To some extent, this has been inevitable, given that no well-tested blueprint to follow was available when Portugal embarked on the PPP route a decade ago. That said, recent changes to Portugal's institutional framework for PPPs - especially a more rigorous appraisal of PPPs, their long-term budgetary implications, and of the contractual arrangements supporting them - aim at ensuring efficiency in the provision of infrastructure services and, thus, value for money.

Suggested Citation

  • Monteiro, Rui Sousa, 2005. "Public-private partnerships: some lessons from Portugal," EIB Papers 9/2005, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2005_009
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    Citations

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    Cited by:

    1. Miranda Sarmento, J. & Renneboog, L.D.R., 2014. "The Portuguese Experience with Public-Private Partnerships," Discussion Paper 2014-005, Tilburg University, Center for Economic Research.
    2. Gerhard Hammerschmid & Tamyko Ysa, 2010. "Empirical PPP Experiences in Europe: National Variations of a Global Concept," Chapters,in: International Handbook on Public–Private Partnerships, chapter 15 Edward Elgar Publishing.
    3. Edward F Buffie & Michele Andreolli & Bin Grace Li & Luis-Felipe Zanna, 2016. "Macroeconomic Dimensions of Public-Private Partnerships," IMF Working Papers 16/78, International Monetary Fund.

    More about this item

    Keywords

    public-private partnerships; fiscal impact; Portugal;

    JEL classification:

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

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