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1 - Introduction

Published online by Cambridge University Press:  05 June 2012

Jeffrey Delmon
Affiliation:
The World Bank
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Summary

Poor infrastructure impedes a nation's economic growth and international competitiveness. Insufficient infrastructure also represents a major cause of loss of quality of life, illness, and death. Infrastructure projects have high social rates of return; research indicates that the growth generated by infrastructure investment is pro-poor, with income levels of the poor rising more than proportionately to overall income increases. Yet, whereas the public sector provides the vast majority of financing for infrastructure services, investments have not matched demand, and governments are seeking methods to improve the efficient procurement of infrastructure services. Public-Private Participation (PPP) in infrastructure is one of the tools in a policy maker's arsenal to help increase investment in infrastructure services and improve its efficiency.

Terminology

PPP is used here in its most inclusive form, to mean any contractual or legal relationship between public and private entities aimed at improving and/or expanding infrastructure services, but excluding public works contracts. The term “government” will be used to mean the level of government responsible for the reform processes, whether it be the federal, state, or municipal government. For ease of reference, the two counterparties to the main project contract will be referred to as the “grantor” on the public side and the “project company” on the private side.

PPP represents an approach to procuring infrastructure services that is radically different from traditional public procurement, with numerous associated challenges.

Type
Chapter
Information
Public-Private Partnership Projects in Infrastructure
An Essential Guide for Policy Makers
, pp. 1 - 40
Publisher: Cambridge University Press
Print publication year: 2011

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  • Introduction
  • Jeffrey Delmon, The World Bank
  • Book: Public-Private Partnership Projects in Infrastructure
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511974403.001
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  • Introduction
  • Jeffrey Delmon, The World Bank
  • Book: Public-Private Partnership Projects in Infrastructure
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511974403.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Jeffrey Delmon, The World Bank
  • Book: Public-Private Partnership Projects in Infrastructure
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511974403.001
Available formats
×