Edited by Biswa Nath Bhattacharyay, Masahiro Kawai and Rajat M. Nag
Chapter 12: Public–private partnerships for regional infrastructure: lessons from the European Union
A lack of infrastructure is proving a major constraint in sustaining and expanding Asia’s economic growth, in particular in (re)emerging fastdeveloping countries such as India, the People’s Republic of China (PRC), Indonesia and Viet Nam. Inadequacies of economic infrastructure mean that it is more difficult to make growth inclusive for the poor, many of whom reside in remote and sparsely connected parts of their countries. Internationally, interest in public–private partnerships (PPPs) is growing because it seems to offer a solution that can overcome barriers to development due to a lack of infrastructure. Economic growth to an important extent is dependent on the development of infrastructure, particularly in transport and utilities such as water, power and telecommunications. In addition, as countries develop, there is a need to improve social infrastructure for health and education, as well as many other facilities, including prisons. PPPs allow governments to expand the provision of services by using market tools, rather than publicly provided and managed facilities. They increase the number of services that can be provided within a given state budget, and, more importantly, they increase their value in terms of quality and performance. In some areas, such as information technology and defense, the combination of public and private interests can create commercial value to some applications.
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