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Public-private partnerships, fiscal risks and efficiency

In: Handbook on Public Sector Efficiency

Author

Listed:
  • Gerd Schwartz
  • …zlem Aydin
  • Rui Monteiro
  • Isabel Rial

Abstract

Public-private partnerships (PPPs), or public infrastructure built and managed with private-sector resources, have been popular for a long time. Compared to traditional public investment, PPPs potentially promise greater efficiency for public infrastructure investment projects. However, capturing these efficiency gains requires strong frameworks for contracting and governing public infrastructure, including for assessing and managing fiscal risk. Otherwise, PPPs may easily generate greater fiscal costs compared to traditionally procured public infrastructure projects, reversing the efficiency gains. This chapter explores the relationship between PPPs, fiscal risk, and efficiency, and provides some guidelines for practitioners.

Suggested Citation

  • Gerd Schwartz & …zlem Aydin & Rui Monteiro & Isabel Rial, 2023. "Public-private partnerships, fiscal risks and efficiency," Chapters, in: António Afonso & João Tovar Jalles & Ana Venâncio (ed.), Handbook on Public Sector Efficiency, chapter 9, pages 197-218, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19879_9
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