Financial Structuring of Infrastructure Projects in Public-Private Partnerships: A Tool for Designing Feasible Structures
Vives, Antonio; Benavides, Juan; Paris, Angela
This paper emphasizes that the label PPP (public-private partnerships) covers almost all arrangements, as there is always some private and public involvement. PPP is a continuum of options that accommodate the public and private contributions. This paper emphasizes the different structures that must be devised to encompass the relative participations of each party and emphasizes the need to match these participations to project characteristics, local context, and financial arrangements. This is crucial to clarify the scope of PPPs, calibrate expectations, and withstand the pressures of returning to the mistakes of the étatist scheme as a response to the social discontent faced by the real or perceived failures of privatization.