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The Renegotiations of Public Private Partnerships in Transportation - Theory and Practice (Paperback, 1st ed. 2021)
Loot Price: R3,760
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The Renegotiations of Public Private Partnerships in Transportation - Theory and Practice (Paperback, 1st ed. 2021)
Series: Competitive Government: Public Private Partnerships
Expected to ship within 10 - 15 working days
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This book provides a theoretical basis for understanding the
phenomenon of renegotiations in Public Private Partnerships (PPPs).
It analyzes the case of transport projects, and provides empirical
evidence from a variety of real-world projects. What drives
renegotiations? Why are some projects more likely to be
renegotiated than others? What are the outcomes? How can we improve
the performance of renegotiation processes? These questions form
the core of discussion in this book. PPPs are a procurement model
for the delivery of infrastructure and public services that have
experienced significant growth over the last three decades,
particularly in terms of the development of transportation
projects. The empirical evidence suggests that most PPP projects
are inevitably renegotiated, i.e., the original contract needs to
be adapted to new and unforeseen circumstances. The impacts of
these changes on the welfare of the respective stakeholders are
frequently asymmetric. Most academic research and professional
guidelines are focused on PPP contract design and preparation of
the procurement process, and very little has been published on the
management and, mainly, the process of renegotiating that will - in
all likelihood - occur. This book fills this gap in the academic
discussion. Several country-based analyses and case studies from
Europe and the Americas provide the reader with practical
applications of the theory.
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