Public-Private Partnership and Mega Projects

This paper concentrates on the Public Finance Initiative (PFI) in the transport and water sectors. The author discusses what public-private partnership (PPP) is about: definitions, motives and form. Then the author provides an overview of experiences with PPP. The central question is: does PPP live up to expectations? The author discusses a number of typical problems that occur in PPP processes which will have to be dealt with in order to make PPP schemes. Finally, a number of lessons are formulated regarding the conditions for successful PPP in mega-projects.