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

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

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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 languageEnglish
Place of PublicationTilburg
PublisherFinance
Number of pages42
Volume2014-017
Publication statusPublished - 2014

Publication series

NameCentER Discussion Paper
Volume2014-017

Keywords

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

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