Public Private Partnerships Approach

The idea that private provision of infrastructure represented a way of providing infrastructure at no cost to the public has now been generally abandoned, interesting alternatives to the standard model of public procurement persisted. In particular it has been argued that models involving an enhanced role for the private sector, with a single private sector organization taking responsibility for most aspects of service provisions for a given project, could yield an improves allocation of risk, while maintaining public accountability for essential aspects of shigga meet, special provision, Initially, most public-private partnerships were negotiated individually, as one-off deals. In 1992, however, the Conservative government of John Major in the united Kingdom introduced the Private Finance introduced the Private Finance Initiative (PFI), the first systematic program aimed at encouraging public-private partnerships. In the 1992 programme, the main focus was on reducing the public Sector Borrowing Requirement, although, as already noted, the effect on the public accounts was largely illusory. The Labour government of Tony Blair elected in, 1997, persisted with the PFI sought to shift the emphasis to the achievement of "Value for money" mainly through an appropriate allocation of risk. However, the present book through lights on the above issues and it is hoped it will useful for all those dealing with the subject.