2016
DOI: 10.1080/03003930.2016.1204297
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Public–private partnerships (PPPs) in local services: risk-sharing and private delivery of water services in Spain

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Cited by 24 publications
(13 citation statements)
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“…Nevertheless, unlike privatization that requires the full “transfer of title to an infrastructure asset from public to the private sector” (Vedachalam et al, 2015, p. 75), PPP provides an opportunity for both sectors to “partner” and collaborate in delivering the project by negotiating risk transfer and other arrangements. Overall, then, PPP promised bigger involvement of the private sector in provision of high-profile infrastructure projects, as well as a mixing of the best qualities of the two sectors (Carpintero & Petersen, 2016).…”
Section: The Rationales For Using Infrastructure Ppps: a Global Perspectivementioning
confidence: 99%
See 1 more Smart Citation
“…Nevertheless, unlike privatization that requires the full “transfer of title to an infrastructure asset from public to the private sector” (Vedachalam et al, 2015, p. 75), PPP provides an opportunity for both sectors to “partner” and collaborate in delivering the project by negotiating risk transfer and other arrangements. Overall, then, PPP promised bigger involvement of the private sector in provision of high-profile infrastructure projects, as well as a mixing of the best qualities of the two sectors (Carpintero & Petersen, 2016).…”
Section: The Rationales For Using Infrastructure Ppps: a Global Perspectivementioning
confidence: 99%
“…This scholarship identifies the potential of PPPs to marry the Second, PPP proponents claim that the PPP route can potentially address the risks of budget and time overruns that are characteristics of infrastructure projects in GCC states (Marakib, 2012;Strategy&, 2010). While this is a highly contested ground (Carpintero & Petersen, 2016;Hodge & Greve, 2007, the potential for PPPs to deliver greater certainty in terms of budgets and timeliness remains desirable. In Kuwait, a World Bank (2015) report found that, during the implementation phase of infrastructure projects, cost overruns occurred in 20% of cases, while time overruns were estimated at more than 110%.…”
Section: Introductionmentioning
confidence: 99%
“…Large transportation investments, such as metro systems, commuter railways or rapid bus systems, are being developed with an active involvement of the private sector (Berechman et al, 2006; Chen et al, 2016; Fiorio et al, 2013). The same can be observed for water supply systems and waste management and also energy production/distribution (Carpintero and Petersen, 2016; Kanakoudis and Tsitsifli, 2014).…”
Section: Introductionmentioning
confidence: 55%
“…MPP also entails loss of flexibility, because the city cedes control over the use of public facilities for decades and unforeseen uses or technologies may entail complex renegotiations and financial compensation to the private partner, or a costly buyback (Francois 2016;Peters, Pierre, and Røiseland 2014;Cruz and Marques 2013). MPP contracts have pitfalls associated with risk miscalculations, such as transferring to the concessionaires demand risks that are beyond their control (Carpintero and Petersen 2016). In times of crisis, risk sharing may not materialise, and liabilities could be rolled from defaulting concessionaires to the public, or require renegotiations that favour the concessionaire (Siemiatycki 2015; Hodge, Greve, and Biygautane 2018).…”
Section: Pros and Cons Of Municipal-private Partnershipsmentioning
confidence: 99%