Anatomy of public-private partnerships: Creation, financing, and renegotiations

J.J. Miranda Sarmento, Luc Renneboog

Research output: Contribution to journalArticleScientificpeer-review

77 Citations (Scopus)
16 Downloads (Pure)


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
Issue number1
Publication statusPublished - 2016


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


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