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Enhancing the policy environment for public-private partnerships

Author

Listed:
  • Chandan Sharma

    (Associate Professor, Indian Institute of Management Lucknow, India)

  • Vatcharin Sirimaneetham

    (Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

Abstract

Public-private partnerships are generally defined as a contractual agreement between a public agency and a private entity on a long-term project aimed at providing a public service and infrastructure.1 Examples of public services delivered through PPP are prison services and public parks, while infrastructure can refer to both economic infrastructure, such as electricity and mobile phone networks, and social infrastructure, such as public schools and hospitals. In general, the private entity assumes a large part of the financial and operational risks in a project, while the income could be in the form of user fees of the public service or infrastructure provided. An example is a consortium of private companies that build, operate and maintain a toll road in exchange for toll charges.

Suggested Citation

  • Chandan Sharma & Vatcharin Sirimaneetham, 2018. "Enhancing the policy environment for public-private partnerships," MPDD Policy Briefs PB72, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    • Handle: RePEc:unt:pbmpdd:pb72
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