Authors: Podapala Siva Reddy, Ch. V. Radhika, Gadiraju Parvathi
Abstract: Public-private partnerships (PPPs) have changed over centuries, notably since the Roman Empire, to modern forms of infrastructure production and public service delivery. There has been a resurgence of interest beginning in the late twentieth century in seeing PPPs as a way to engage in infrastructure development via viable financing alternatives and efficient risk sharing. This study examined whether PPPs are effective in both mobilizing private-sector capital for infrastructure development, whether they do so through-efficient risk allocation, and also whether this risk allocation model for service delivery yields improved and responsive public service delivery within the context of infrastructure production. The study considered international examples of implementation, the most salient contractual and other governance characteristics of PPPs, and critically examined factors that impact sustainability of PPPs. The study was mixed-methods and underscored how PPPs can enhance infrastructure production/quality and that future research should focus on sectoral frameworks, the socio-economic implications of PPPs for communities, and advancements of the governance framework for PPPs.
