01122480

Component

Since the emergence of public-private partnerships (PPPs) in the 1980s, there has been a structural change in the way countries now finance and provide public infrastructure. Although national governments apparently encourage PPPs, and many have succeeded, some others have failed. Using data from transport sector projects for 72 low- and middle-income countries from the Private Participation in Infrastructure Project Database of the World Bank, we investigate the role of three main factors in the success of these transport PPPs: national experience, the presence of private investors, and the influence of multilateral lenders. The results of the study highlight the importance of the foundation provided by national experience. Not only does national macroeconomic experience appear to have a relevant role, but so also does its past experience (either positive or negative) of transport PPP projects. An interesting finding of the analysis is that the perception of a country’s level of corruption and democratic accountability has significant bearing on the final outcome of a PPP project. Also, the region and subsector of the PPP project seem to play an important role in its success. KEYWORDS: Public-private partnership, corruption, democratic accountability

01120148

09-3845

English

16p

2009

Transportation Research Board 88th Annual Meeting

DVD

Figures (1) ; References (28) ; Tables (4)

Capital investments; Corruption; Developing countries; Governments; Infrastructure; Macroeconomics; Policy; Public private partnerships; Social factors

World Bank

Accountability

Economics; Society; Transportation (General); I10: Economics and Administration

Transportation Research Board Annual Meeting 2009 Paper #09-3845

TRIS, TRB

Jan 30 2009 8:15PM