Public–Private Partnerships for Infrastructure Development
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Public–Private Partnerships for Infrastructure Development

Finance, Stakeholder Alignment, Governance

Edited by Raymond E. Levitt, W. R. Scott and Michael J. Garvin

Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.
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Chapter 9: (Re)assessing public–private partnership governance challenges: an institutional maturity perspective

Carter B. Casady, Kent Eriksson, Raymond E. Levitt and W. Richard Scott

Abstract

Globally, public_private partnerships (PPPs) have risen in popularity as an alternative procurement model for infrastructure development projects. The development of infrastructure PPPs depends to a large extent on institutional maturity, where mature institutions are characterized by well-established norms and coordination procedures for infrastructure PPP developments. While PPPs have been widely researched and remain subject to extensive debate, the role of institutional maturity in PPP governance has been largely overlooked in the field of engineering project organization (EPO). To address this knowledge gap, this chapter evaluates how institutional settings affect the public sector’s governance capacity to effectively develop infrastructure PPPs. It concludes with normative recommendations for institutional reform of PPP governance in the United States.

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