In 1993, the British government turned to the private sector to finance much needed investment in public infrastructure and manage services under its Public Private Partnerships (PPP) policy (Edwards et al., 2004), with transport forming by far the largest component by value of the PPP...

This paper examines the issue of financing infrastructure investment projects. It looks closely at what the market failures are that mean the private sector has not been able to cover the investment requirement itself. It will then assess the government failures associated with intervention, and...

Le présent rapport est consacré au financement des projets d’investissement dans les infrastructures (de transport). Ses auteurs examinent de près les défaillances du marché en raison desquelles le secteur privé ne parvient pas à combler à lui seul l’intégralité des besoins en...