4.0

credits

Average Course Rating

The course has been designed to provide students with a good understanding of the benefits and constraints of public-private partnerships (PPPs or P3s) in economic and social infrastructure. PPPs are collaborative structures between public, private, and other stakeholders who agree to share risks, resources, and decisions, to design, build, operate and maintain infrastructure projects that provide public services. At their best, PPPs can stimulate economic growth, increase equity of opportunity for all citizens and encourage technological innovation. They can improve the efficiency of public spending and free up resources for those investments that can only be financed by the public sector. However, PPPs are not without their challenges; institutional reforms and investments in human capital are necessary to fully realize their benefits. The course will analyze the key issues that decision-makers need to consider when selecting, planning, designing, evaluating, structuring, negotiating, and implementing infrastructure projects. Case studies and readings will be used to illustrate the wide spectrum of situations and challenges associated with managing PPPs and the types of issues that will benefit from PPPs in international development.