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 13: Community investment and crowdfunding as partnership strategies for local infrastructure delivery

Kate E. Gasparro

Abstract

A trend toward the use of private sector partners and toward decentralization of participation in funding mechanisms has witnessed the rise of community investment in the form of crowdfunding of public infrastructure projects. While community funding _ for example, municipal bonds or other forms of capital cost sharing _ has long been utilized, civic crowdfunding has arisen with the advent of online platforms. This new mode has been employed at state, regional and community levels in the United States. The chapter explores the advantages and challenges associated with the use of crowdfunding by conducting two case studies involving the construction of two protected bicycle lanes in two different cities. Results suggest that crowdfunding can result in increased engagement of community members in project shaping and increased accountability for project owners and sponsors to the affected community.

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