Public–Private Partnerships and the Law
Show Less

Public–Private Partnerships and the Law

Regulation, Institutions and Community

Yseult Marique

This timely book examines the legal regulation of Public–Private Partnerships (PPPs) and provides a systematic overview of PPPs and their functions. It covers both the contractual relationships between public and private actors and the relationships between PPPs and third parties, such as end-users.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 1: PPPs in regulation

Yseult Marique


Public–private partnerships/Private Finance Initiatives (PPPs/PFIs) bring together public and private actors, state and market logics to provide public infrastructures and services to individual users who rely on them for their economic and social lives, as well as their physical integrity. PPPs/PFIs represent investments in expensive public projects: for instance, the Greater Manchester Waste PFI amounted to £3.8bn and the London Underground PPPs (LU PPPs) to £17bn. These investments have to be compared with the £720bn that the British government expected to have as overall total public expenditure for 2013–14. Of course, the Greater Manchester Waste PFI and the LU were exceptionally large PFIs and the figures mentioned here related to their whole expected duration, namely thirty years. Yet such large investments in PFIs involve high financial risks. LU PPPs were transferred back into public ownership after Metronet failed in 2007 and Tube Lines negotiated its exit out of the PPP in 2010. Seven NHS PFI hospitals were struggling financially in 2012. The Department of Health wiped off the £65m debt of the South London Health Trust, a large part of which was due to its PFI. These cases illustrate the effects of relying on PPPs/PFIs to develop critical public projects such as hospitals, schools, highways, waste treatment plants or prisons. The developing, maintaining and terminating of PPPs/PFIs involves coordinating public, private and individual interests over time.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.