Since the late twentieth century, governments worldwide have begun to depend rather heavily on market mechanisms and have structured various sectors to function under free-market principles. Consequently, many Public Private Partnerships (PPPs) have been launched, where project-oriented services are provided by private enterprises via long-term contractual arrangements with the public sector. Global developments are driving the PPP marketplace towards common practices and a degree of normalisation. Alternatively, project strategies from jurisdiction to jurisdiction are frequently different, which results in distinctive project implementation approaches. In short, standardisation enhances open markets while contextualisation accounts for the variance in PPP project objectives, conditions and stakeholders.
|Title of host publication||Public Private Partnerships in Transport|
|Subtitle of host publication||Trends and Theory|
|Publisher||Taylor & Francis|
|Number of pages||25|
|Publication status||Published - 30 Jul 2015|
|Name||Routledge Studies in Transport Analysis|