What are Public–private Partnerships?
This chapter examines the reasons for private involvement in public infrastructure (§1.2), defines what is meant by a PPP (§1.3), and traces their historical development and current structures (§1.4). The place of PPPs in provision of public infrastructure is considered (§1.5), and the main types of PPP are summarised (§1.6).
§1.2 Public Infrastructure and the Private Sector
Public infrastructure can be defined as facilities which are necessary for the functioning of the economy and society. These are thus not an end in themselves, but a means of supporting a nation’s economic and social activity, and include facilities which are ancillary to these functions, such as public-sector ...