The Logic of Public–Private Partnerships
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The Logic of Public–Private Partnerships

The Enduring Interdependency of Politics and Markets

Graeme A. Hodge and Carsten Greve

This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.
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Chapter 10: Conclusions: public-private partnership logics for our times

Graeme A. Hodge and Carsten Greve

Abstract

Public-private partnership (PPP) is now a staple in public policy making and a well-known institution for designing, financing, building, operating and maintaining large infrastructure projects internationally. In this book we have focused on a number of recent issues and debates that have surrounded the theme of PPP. This concluding chapter reviews the main arguments of the book before proceeding to discuss and synthesize some of the most prevalent issues affecting public-private partnerships (PPPs) today. These issues include the timing of the economic rationale compared to the political need for PPPs, and the question of whether PPPs have come full circle. Finally, we look at the future of PPP and note its evolution from a focus on the effective delivery of individual projects to (inter)national infrastructure plans competing with each other for political and economic dominance.

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