Is your local public-private partnership going to be a happy one?
By Imaduddin Ahmed and Shilesh Muralidhara The East African | January 11, 2014 Partnerships can be wonderful. They can also be disastrous. So, too, is this the case with partnerships entered into by governments and businesses for the delivery of public goods, which can either lose countries millions of dollars per project or initiate virtuous economic growth cycles. Public-private partnerships (PPPs) are mechanisms in which governments transfer upfront costs and risks for infrastructure projects meeting public needs to private sector developers. Power plants, water treatment facilities, roads, stadia, airports, hospitals — all of these can be given birth under PPPs, … Continue reading Is your local public-private partnership going to be a happy one?