Towards a Comprehensive Understanding of Public Private Partnerships for Infrastructure Development

TLDR

Public Private Partnerships (PPP) are a major approach for delivering infrastructure projects effectively, and the synthesis of existing knowledge provides foundations for laws, regulations, and guidelines that enable successful implementation. The article develops a PPP framework for infrastructure development. The framework is built through a literature review of PPP research over the last 20 years, discussing worldwide examples, benefits, and obstacles. The analysis shows that PPP can generate long‑term business opportunities and higher‑quality, efficient infrastructure services, but these benefits materialize only when projects are properly planned, managed, and both sectors collaborate successfully.

Abstract

Public Private Partnerships (PPP) have emerged as one of the major approaches for delivering infrastructure projects effectively. This article develops a PPP framework for infrastructure development. It discusses examples of worldwide applications, as well as benefits and obstacles of PPP through a literature review on PPP-related research over the last 20 years. The syntheses of the knowledge present foundations from which the laws, regulations, and guidelines for effective and successful PPP implementation can be established. This analysis reveals that PPP can create new and long-term business opportunities with a chance to deliver infrastructure services of higher quality and efficiency. However, these benefits will only be materialized when a PPP project is properly planned and managed and both the public and private sectors work together successfully.