Public Private Partnerships (PPP)
In a Transport Economics context
- Created by: TessAni
- Created on: 20-01-13 12:17
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- Public Private Partnership (PPP)
- A contractual arrangement between the public and private sectors in order to fund large-scale projects
- Public Advantage
- risk transfer to an organisation with proven project management expertise
- an injection of additional resources into transport projects over and above what it would otherwise be able to provide
- access to innovative techniques and leading-edge technology
- a gain in efficiency due to the private sector's participation
- Private Advantage
- some control over assets and user charges
- an opportunity to apply best practises
- opportunity for indirect benefits from the management and similar projects
- a higher rate of return than if funding the whole project
- transport = 6% of government expenditure
- London Underground and Nottingham's light rail system + Channel Tunnel
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