The Global Infrastructure Challenge: The Role of PPP in a New Financial and Economic Paradigm

M Haran, M McCord, C Smyth, A Adair, J Berry, S McGreal, N Hutchison, A Kashyap

Research output: Book/ReportCommissioned report

Abstract

The Public Private Partnership (PPP) model has been adopted in more than forty countries around the world. Amidst recurring budgetary constraints and in the absence of a ‘viable alternative’ the global PPP market had been expected to continue to expand unabated. The GFC has nonetheless proven to be a ‘watershed’ for PPP markets. A number of prominent banking institutions have exited the PPP market whilst the increased cost of debt post-2008 has served to reignite the debate on ‘affordability’ and Value for Money (VfM) attainment.This report presents a timely and credible examination of the role of Public Private Partnership (PPP) within the confines of the global infrastructure investment challengewithin what has been a radically transformed financial and economic paradigm. The key findings and recommendations depicit the views and experiences of a diverse range of stakeholder groupings across five key PPP markets namely, Australia, Canada, India, the United Kingdom and the United States.
Original languageEnglish
PublisherRoyal Institution of Chartered Surveyors
Number of pages88
Publication statusPublished - 30 Oct 2013

Keywords

  • Public Private Partnerships
  • Infrastructure Investment

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