Developing Asia's infrastructure gap results from both inadequate public resources and a lack of effective channel to mobilize private resources toward desired outcomes. The public-private partnership (PPP) mechanism has evolved to fill the infrastructure gap. However, PPP projects are often at...

Private-public partnership (PPP) methods are considered to be an effective way to narrow the gap between demand and supply of social infrastructure. If successfully pursued, PPP can deliver benefits to users, governments, and the private sector, or the so-called triple wins. Enhancing efficiency...

This paper studies the optimal structure of procurement contracts between public and private sectors by mainly comparing two typical procurement types: traditional procurement and public-private partnership (PPP). We first set up a principal-agent model focusing on bundling effects of...

This study analyzes the determinants of stress in public-private partnerships (PPPs) in infrastructure investment. While project failures seldom occur, there are many stresses that hinder success. One of these is broad political risk: the prerogative of government executives to make sweeping...

This paper presents an exploratory analysis of the institutional arrangement of the Fund of Investment of Guarantee of the Time of Service (FI-FGTS, in Portuguese) with the main objective of assessing the institutional configuration and the operational performance of FI-FGTS. This instrument was...

This study analyzes the determinants of stress in public-private partnerships (PPPs) in infrastructure investment. While project failures seldom occur, there are many stresses that hinder success. One of these is broad political risk: the prerogative of government executives to make sweeping...

Major infrastructure projects pose inherent difficulties because of the size of the investments and the range of risks involved. At first glance government is best placed to develop major infrastructure itself, because of its deep pockets, ability to spread risk, and portfolio of potentially...

It is often said that the private sector is in a good position to manage project costs and meet deadlines, but not, generally, to fund or finance projects. The underlying argument runs as follows: because the interest rate on government borrowings (the government's financing cost) is lower than...

Adam S. Wallwork is an attorney in the public finance and tax departments of Ballard Spahr LLP in Washington, D.C. In this article, Wallwork shows how tax reform has affected the municipal bond market and why Republicans should care