While the number of private infrastructure projects continues to grow, tales of endless delays and exorbitant development costs still scare both developers and governments. The authors show that these costs are related not to project size but to the characteristics of the policy environment. As...

Indonesia is extensively promoting Public-Private Partnership (PPP) for infrastructure projects, including in the water sector. However, it is found that it takes two to eight years for water supply system (WSS) PPPs to be procured, likely prompting for higher transaction costs. This research...