Every infrastructure project is, to some extent, a partnership between the public and private sectors. There is no such thing as an infrastructure project that’s wholly public or wholly private. The public sector never drives the JCBs; the private sector never identifies the need for a project. The question is always over the precise nature of the partnership. Who designs the project? Finances it? Builds it? Operates it? Maintains it? Owns it? There are many ways to organise the partnership. One of them is a public-private partnership agreement (PPP). The idea of a PPP is that the government defines what…

Want to continue reading?

Celebrate with us – 7 years of The Currency

Unlock full access to The Currency and The Wall Street Journal with an annual membership and receive a FREE Samsonite Spectrolite Briefcase – worth €175 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .