Anatomy of public-private partnerships

Creation, financing, and renegotiations

J.J. Miranda Sarmento, Luc Renneboog

Research output: Contribution to journalArticleScientificpeer-review

Abstract

This paper presents the main reasons why public-private partnerships (PPPs) are adopted as well as the possible disadvantages for the public and private sectors. By means of two case studies on bridge construction and railway infrastructure (Fertagus and Lusoponte), we elucidate how a PPP is structured and financed. Furthermore, the two case studies illustrate how the renegotiation processes are conducted when the public-private contracts have to be altered and what determines (un)successful renegotiations.
Original languageEnglish
Pages (from-to)94-122
JournalInternational Journal of Managing Projects in Business
Volume9
Issue number1
DOIs
Publication statusPublished - 2016

Fingerprint

Financing
Renegotiation
Public-private partnerships
Public-private
Disadvantage
Public and private sector
Railway

Keywords

  • Public-Private Partnerships
  • Concessions
  • Renegotiations
  • Public Procurement
  • Project Risk

Cite this

@article{dc944be78594443990da6781c29b19fb,
title = "Anatomy of public-private partnerships: Creation, financing, and renegotiations",
abstract = "This paper presents the main reasons why public-private partnerships (PPPs) are adopted as well as the possible disadvantages for the public and private sectors. By means of two case studies on bridge construction and railway infrastructure (Fertagus and Lusoponte), we elucidate how a PPP is structured and financed. Furthermore, the two case studies illustrate how the renegotiation processes are conducted when the public-private contracts have to be altered and what determines (un)successful renegotiations.",
keywords = "Public-Private Partnerships, Concessions, Renegotiations, Public Procurement, Project Risk",
author = "{Miranda Sarmento}, J.J. and Luc Renneboog",
year = "2016",
doi = "10.1108/IJMPB-03-2015-0023",
language = "English",
volume = "9",
pages = "94--122",
journal = "International Journal of Managing Projects in Business",
issn = "1753-8378",
publisher = "Emerald Group Publishing Ltd.",
number = "1",

}

Anatomy of public-private partnerships : Creation, financing, and renegotiations. / Miranda Sarmento, J.J.; Renneboog, Luc.

In: International Journal of Managing Projects in Business, Vol. 9, No. 1, 2016, p. 94-122.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Anatomy of public-private partnerships

T2 - Creation, financing, and renegotiations

AU - Miranda Sarmento, J.J.

AU - Renneboog, Luc

PY - 2016

Y1 - 2016

N2 - This paper presents the main reasons why public-private partnerships (PPPs) are adopted as well as the possible disadvantages for the public and private sectors. By means of two case studies on bridge construction and railway infrastructure (Fertagus and Lusoponte), we elucidate how a PPP is structured and financed. Furthermore, the two case studies illustrate how the renegotiation processes are conducted when the public-private contracts have to be altered and what determines (un)successful renegotiations.

AB - This paper presents the main reasons why public-private partnerships (PPPs) are adopted as well as the possible disadvantages for the public and private sectors. By means of two case studies on bridge construction and railway infrastructure (Fertagus and Lusoponte), we elucidate how a PPP is structured and financed. Furthermore, the two case studies illustrate how the renegotiation processes are conducted when the public-private contracts have to be altered and what determines (un)successful renegotiations.

KW - Public-Private Partnerships

KW - Concessions

KW - Renegotiations

KW - Public Procurement

KW - Project Risk

U2 - 10.1108/IJMPB-03-2015-0023

DO - 10.1108/IJMPB-03-2015-0023

M3 - Article

VL - 9

SP - 94

EP - 122

JO - International Journal of Managing Projects in Business

JF - International Journal of Managing Projects in Business

SN - 1753-8378

IS - 1

ER -