Public Private Partnerships (PPP)

In a Transport Economics context

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  • 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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