Public-Private Partnerships (PPPs) continue to attract considerable attention worldwide as a governance model for delivering public services, particularly in the transport sector: in Europe, the transport infrastructure sector represents about 60% of the PPP market. PPPs are popular with policymakers since they allow the public sector to benefit from private sector capacities and resources, leading to increased quality of transport infrastructure development and management, for lower prices, and with faster delivery times. Compared to traditional procurement of transport infrastructure services, however, PPPs are complex governance arrangements involving many stakeholders with often conflicting interest, and are hence challenging to implement. Unsurprisingly then, the increasing popularity of PPPs is accompanied with calls for more research into their functioning and performance. The edited volume Public Private Partnerships in Transport: Trends and Theory (2016) addresses these research gaps. In this book review, I have discussed the strengths and weaknesses of the book.
Publication | Verweij, S. (2017). Public private partnerships in transport: Trends and theory. Transport Reviews, 37 (5), 685-687.