Public–private partnerships (PPPs) in local services: risk-sharing and private delivery of water services in Spain

Carpintero, Samuel; Petersen, Ole Helby

doi:10.1080/03003930.2016.1204297

Cited by 24 publications

(13 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…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%

See 1 more Smart Citation

Infrastructure Public–Private Partnerships in Kuwait, Saudi Arabia, and Qatar

Biygautane

2016

Public Works Management & Policy

View full text Add to dashboard Cite

This article explores the experiences of Kuwait, Saudi Arabia, and Qatar with infrastructure public–private partnerships (PPPs), and offers new insights into the development of the PPP phenomenon outside of the Western context. It analyzes their approaches to PPPs, including policy frameworks, the rationales for their implementation, and presents a critical examination of PPP projects’ development to date. In contrast to the international trend where PPPs have been used for the objectives of overcoming financial constraints or delivering public infrastructure efficiently, it is argued that PPPs in the three Gulf states are in their infancy, and their use has been restricted to sectors where the governments cannot deliver important projects. The article concludes by identifying the three Gulf states’ future directions in the use of infrastructure PPPs to deliver a broader spectrum of mega-infrastructure projects, particularly in light of dwindling oil revenues.

show abstract

Section: The Rationales For Using Infrastructure Ppps: a Global Perspectivementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Infrastructure Public–Private Partnerships in Kuwait, Saudi Arabia, and Qatar

Biygautane

2016

Public Works Management & Policy

View full text Add to dashboard Cite

show abstract

“…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%

Reforming traditional PPP models to cope with the challenges of smart cities

Cruz

Sarmento

2017

Competition and Regulation in Network Industries

View full text Add to dashboard Cite

Growing urbanization trends, together with a greater environmental awareness, are transforming cities into game changers in the sustainability game. Cities are under pressure in both developed as well as developing economies. In developed countries, the challenge is to be able to tackle a lack of infrastructure, such as clean water and sanitation and mass transit transport systems. In developed countries, the challenges are distinct, but not less. There are growing needs for a renewal of infrastructures, such as water, transportation and energy systems, which deteriorate over time, and the related increasing challenges regarding the sustainability of the systems. Drivers of change include lower costs, greater levels of efficiency, better response to natural disasters (resilience), an ability to provide a good service, among others. Cities, regulators and operators are focused on improving innovation and develop truly smart cities and smart infrastructure. Public–private partnerships (PPPs) have been at the forefront of infrastructure development and management, however, questions exist regarding existing models which are usable for smart infrastructure. Our thesis is that existing models of PPP need to be significantly restructured, to be able to provide an adequate response to the smart infrastructure challenges and to be a driving force to make cities smarter. Greater flexibility is necessary, as is a profound change of the existing regulatory and procurement models, in order to ensure that the private sector will continue to have a pivotal role with regards to infrastructure, financing and management.

show abstract

“…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%

The rise and fall (?) of public-private partnerships in Israel’s local government

Razin

Hazan

Elron

2020

Local Government Studies

View full text Add to dashboard Cite

Municipal-private partnerships (MPP), including BOT concessions, joint municipal-private corporations, and leveraging municipally owned land to promote private investment, have become major tools of urban development, but the 2008 global crisis seemed to have changed attitudes towards their application. Based on documents and open-ended interviews, our study examines the apparent retreat from MPP in Israel. Results show that BOT lost appeal in the 2010s, particularly among fiscally sound cities and water and sewage municipal corporations, not because of an ideological rejection, but largely due to low interest rates that eliminated its financial motivation. Regulatory hurdles also played a role in luring municipalities away from MPP in the centralised Israeli context. However, BOT remains in the municipal development toolbox and the study points at 'maturation', moving away from the financial motive to the capacity motive, mainly in fields out of municipal core tasks and in projects sufficiently isolated from external uncertainties.

show abstract

Public–private partnerships (PPPs) in local services: risk-sharing and private delivery of water services in Spain

Cited by 24 publications

References 27 publications

Infrastructure Public–Private Partnerships in Kuwait, Saudi Arabia, and Qatar

Infrastructure Public–Private Partnerships in Kuwait, Saudi Arabia, and Qatar

Reforming traditional PPP models to cope with the challenges of smart cities

The rise and fall (?) of public-private partnerships in Israel’s local government

Contact Info

Product

Resources

About