Anatomy of Public-Private Partnerships: Their Creation, Financing, and Renegotiations

J. Miranda Sarmento; L.D.R. Renneboog

Anatomy of Public-Private Partnerships: Their Creation, Financing, and Renegotiations

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Abstract

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 language	English
Place of Publication	Tilburg
Publisher	Finance
Number of pages	42
Volume	2014-017
Publication status	Published - 2014

Publication series

Name	CentER Discussion Paper
Volume	2014-017

Keywords

Public–Private Partnerships
Concessions
Renegotiations
Public Procurement
Project Risk

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2014-017

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title = "Anatomy of Public-Private Partnerships: Their Creation, Financing, and Renegotiations",

abstract = "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.",

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author = "{Miranda Sarmento}, J. and L.D.R. Renneboog",

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N1 - Pagination: 42

PY - 2014

Y1 - 2014

N2 - 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.

AB - 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.

KW - Public–Private Partnerships

KW - Concessions

KW - Renegotiations

KW - Public Procurement

KW - Project Risk

M3 - Discussion paper

VL - 2014-017

T3 - CentER Discussion Paper

BT - Anatomy of Public-Private Partnerships

PB - Finance

CY - Tilburg

ER -

Anatomy of Public-Private Partnerships: Their Creation, Financing, and Renegotiations

Abstract

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Keywords

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