Towards a Comprehensive Understanding of Public Private Partnerships for Infrastructure Development

被引:329
作者
Kwak, Young Hoon [1 ]
Chih, YingYi [2 ]
Ibbs, C. William
机构
[1] George Washington Univ, Sch Business, Washington, DC 20052 USA
[2] Univ Calif Berkeley, Dept Civil & Environm Engn, Berkeley, CA 94720 USA
关键词
D O I
10.2307/41166480
中图分类号
F [经济];
学科分类号
02 ;
摘要
Public Private Partnerships (PPP) have emerged as one of the major approaches for delivering infrastructure projects effectively. This article develops a PPP framework for infrastructure development. It discusses examples of worldwide applications, as well as benefits and obstacles of PPP through a literature review on PPP-related research over the last 20 years. The syntheses of the knowledge present foundations from which the laws, regulations, and guidelines for effective and successful PPP implementation can be established. This analysis reveals that PPP can create new and long-term business opportunities with a chance to deliver infrastructure services of higher quality and efficiency. However, these benefits will only be materialized when a PPP project is properly planned and managed and both the public and private sectors work together successfully.
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收藏
页码:51 / +
页数:29
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