Economic growth and development critically depends on the quality of
infrastructure. Each aspect of the economy and its infrastructure are
linked systemically. Public-Private Partnerships (PPPs) are increasingly
being promoted as the solution to the shortfall in financing needed to
achieve the Sustainable Development Goals (SDGs). Public-private
partnerships enable the public entity to utilize the expertise and
efficiencies of the private sector to deliver services and facilities
that traditionally have been delivered by the public sector, either
through public sector employees or by traditional procurement methods.
To be beneficial to all stakeholders, a PPP project requires careful
planning, implementation, and strong governance. This book breaks down
the steps involved and the traps to circumvent.
Despite its globally growing importance, project finance has been
somewhat underrepresented in research. This book analyzes project
finance from an interdisciplinary perspective--finance, management, and
international business--and includes international laws of arbitrage and
perspectives of international financial institutions as never endeavored
by any previous research projects. The book also includes case studies
assessing the relevance of private-public partnerships by comparing the
country expectations and the real outcomes. The gap between expectations
and results does not necessarily mean that significant progress has not
been made. To the contrary, the book suggests that some of the original
targets set may have been unrealistic, and that the requisite financial
resources--or the financial sector policies that could have generated
those resources--may have been lacking.
