Public Private Partnership (PPP) as a Mechanism to Improve the Infrastructure Needs of Countries

Abstract

The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.

The Practice Of “Sustainable Development Goals Washing” In Developing Countries

“…In light of the transcribed interviews, it is evident that Sustainable Development Goal efforts are still separate projects rather than integrated into the local business strategy. The effectiveness of sustainability depends upon increasing collective efforts, forming alliances with various institutions, including public, private, and civil communities van Tulder & van Mil, 2021;van de Ven, 2008; van Tulder, 2018;Yurdakul & Kamasak, 2021), and integrating Sustainable Development Goals into corporate strategies (Palalar et al, 2023;van Zanten & van Tulder, 2018;. In response to the interview, the HR director of a global consumer goods manufacturer stated that they are obligated to pursue Sustainable Development Goals by law.…”

Social overhead public infrastructure in a Lewis development framework

“…Given the fiscal limitations that are prevalent in low‐income and developing nations, as well as the scarcity of resources for financing expansive infrastructure projects, public private partnerships (PPPs) have gained substantial traction in recent decades as a mechanism for bolstering investment activities that are related to infrastructure (Babatunde et al., 2012; Engel et al., 2021; Yurdakul & Kamasak, 2021, 2022). Within the context of a low‐income economy, PPPs hold the potential to establish the initial conditions necessary for the economy to augment its reservoirs of both private and public capital and thereby potentially extricate itself from the trap.…”

Infrastructure investment projects: financing and management mechanisms

“…It should be noted that broadening of the range of stakeholders, including within a country, is a specific feature of the current stage of development of project finance focusing on sustainable economic growth. Public–private partnership (PPP) infrastructure investment projects have the following basic properties: Public and private actors are parties to a relationship, whose interaction is equitable, benefits all parties to the agreement and is legally binding (Yurdakul and Kamasak, 2021). Public orientation consists of jointly implemented projects. Private party will participate in full or partial financing of creation of the object of the agreement (Sergi et al , 2019).…”

“…Public and private actors are parties to a relationship, whose interaction is equitable, benefits all parties to the agreement and is legally binding (Yurdakul and Kamasak, 2021). Public orientation consists of jointly implemented projects.…”