PPP and PFI: the political economy of building public infrastructure and delivering services

Hare, Paul Webster

doi:10.1093/oxrep/grt007

Cited by 14 publications

(7 citation statements)

References 5 publications

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“…The counterfactual of “traditional procurement” has also usually been vague as well, so that such assessments are rendered unreliable. Hare (2013) put it accurately when he remarked that the available P3 evidence is “both weak and mixed.”…”

Section: Some Thoughts On P3 Performancementioning

confidence: 99%

On Public–Private Partnership Performance

Hodge

Greve

2016

Public Works Management & Policy

204

138

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Private finance-based infrastructure public–private partnerships (P3s) are globally popular, including renewed interest in the United States, but their performance remains contested. This article explores the meaning of P3 and the notion of P3 success, and points to multiple interpretations of both. It proposes a new conceptual model of the P3 phenomenon, including five levels of meaning: project, delivery method, policy, governance tool, and cultural context. Numerous criteria exist on which the success of P3 might be judged. These are as oriented toward politics and governance as they are toward more traditional utilitarian policy goals concerned with project delivery, or value for money (VfM). Indeed, governments have dozens of different goals in mind. Given mixed international results to date for VfM, it is posited that to the extent that infrastructure P3s continue to show popularity, governments may stress P3 success more on the basis of political and governance strengths, than utilitarian characteristics.

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Section: Some Thoughts On P3 Performancementioning

confidence: 99%

On Public–Private Partnership Performance

Hodge

Greve

2016

Public Works Management & Policy

204

138

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“…From a business perspective, the way PPP deals are financed has been a centrally important part of the PPP project (Hare, ). This point has also been magnified since the GFC.…”

Section: Towards a Contemporary Research Agendamentioning

confidence: 99%

Contemporary public–private partnership: Towards a global research agenda

Hodge

Greve

2017

Financ Acc Manag

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This paper reviews the research agenda lineage on public-private partnerships (PPPs) from Broadbent and Laughlin's seminal piece in 1999. The PPP phenomenon is viewed at five levels: project delivery, organisational form, policy, governance tool and as a phenomenon within a broader historical and cultural context. We argue that whilst a variety of research issues will continue to be relevant, five corresponding areas deserve future visibility for a renewed research agenda: (1) Financialisation of PPPs, (2) global PPP market actors, (3) internationalisation of policy on PPPs, (4) long-term complex contracts as a governing regime and (5) PPPs in BRICS and developing countries.

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“…Where PPPs have been used in the provision of economic infrastructure they have proved highly controversial. Hare (2013) alleges poor choices by – and poor value for – government which did little to cure the under-investment in the NIS. Within the context of Public Finance Initiative (PFI) (the UK’s flagship PPP initiative), polycentrism has not been as marked as planned with many PFI contracts only attracting one or two bidders.…”

Section: The Uk Nis and The Nipmentioning

confidence: 99%

The governance of polycentric national infrastructure systems: Evidence from the UK National Infrastructure Plan

Turner

2017

Environment and Planning C: Politics and Space

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Conventionally how states ‘infrastructured’ was based around the monocentrism of the positive state. The progressive liberalisation of infrastructure over the past three decades has given rise to polycentric national infrastructure systems (NIS). This polycentric NIS exhibits a higher degree of structural, spatial and operational complexity with the state being one player though it still plays a prominent role not just through its own activities but also in seeking to steer the system to meet its territorial objectives. This is done through the formal interaction between hard and soft infrastructure (with the later characterised by themes of sustainability, consistency and criticality) components of the NIS. These themes are explored through an analysis of the UK’s National Infrastructure Plan where – it is argued – the formation of the UK NIS is characterised by a strategy of sustainable polycentrism though this strategy has yet to deliver the investment anticipated.

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PPP and PFI: the political economy of building public infrastructure and delivering services

Cited by 14 publications

References 5 publications

On Public–Private Partnership Performance

On Public–Private Partnership Performance

Contemporary public–private partnership: Towards a global research agenda

The governance of polycentric national infrastructure systems: Evidence from the UK National Infrastructure Plan

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