Increasingly, states are relying on creative financing and asset management to maintain and improve the nation's transportation infrastructure since budgetary challenges constrain potential options. One method of tapping into alternative sources of capital is the public-private partnership (PPP or P3). A public-private partnership is a long-term contractual agreement in which the public sector authority assigns a traditionally public responsibility (such as operations and/or financing) to the private sector participant, in hopes of achieving mutual benefit. First employed in the contemporary era in the late 1980's by California and Virginia, the public-private partnership has continued to become a more popular delivery method. A thorough review of the literature on the subject reveals both academic and institutional material covering a wide variety of P3 topics. Garvin's (2007) P3 Equilibrium Framework supplemented the current body of knowledge by building upon past research to better analyze the performance of existing and proposed PPP's or serve as a resource when developing future projects. The Framework allows the user to assess a project or program and determine its potential for producing desirable results. This research utilizes case studies to gain further insight into P3 projects and programs, as well as the performance of the original P3 Equilibrium Framework. The cases include the evolution of legislation in California and Virginia, and four projects that resulted from these programs: the State Route 91 Express Lanes, Dulles Greenway, Pocahontas Parkway, and failed I-81 Improvement proposals. Application of the original framework to the case studies led to several refinements. The changes provide more comprehensive appraisal mechanisms and improve the applicability and consistency of the P3 Equilibrium Framework. In addition, the concept of "tension" is introduced, which in effect is a means of describing the stress between the interested parties of a P3 arrangement. Ultimately, the revised Framework helps to structure perspectives of P3 arrangements and is underpinned by the notion that these strategies must balance the interests of society, the state, industry, and the market for ultimate success. / Master of Science

Zugl.: Osnabrück, Universiẗat, Diss., 2007.

Zugl.: Regensburg, Universiẗat, Diss., 2009.

Zugl.: Freiburg (Breisgau), Universiẗat, Diss., 2005/2006. / Includes bibliographical references (p. [338]-369) and index.

Zugl.: Bayreuth, Univ., Diss., 2009

Universiẗat, Diss., 2007--Gießen.

This diploma thesis is a comprehensive and up-to-date review of public private partnership (PPP) infrastructure projects at the municipal level in Germany. Public private partnerships use the know-how and the skills of the private sector for the construction and operation of infrastructure and for the long-term provision of public services. The overall goal of this thesis is to discuss the municipal government's approach to PPP infrastructure projects. The theoretical part of this thesis includes informations and fundamental characteristics of public private partnership project types and the most widely used financial instruments in Germany, as well as the obstacles, challenges and prospects of success for the PPP Programme. The thesis further deals with the legislation and the institutional framework of this cooperation, including the establishment of the Partnerschaften Deutschland und other PPP units in central and local government to promote and manage projects. In particular we focus on the possibility of the involvement of private partners in public private partnerships to clear the backlog of investment and to satisfy local authority investment needs. The empirical part of this work describes the efficient, beneficial and cost-effective delivery of what is currently one of Germany's biggest PPP projects in the field of public- sector building construction: refurbishing, financing and operating the 90 schools in the district of Offenbach in the south of Hesse.

A public-private partnership (PPP) is a collaborative partnership between the publicsector and a private entity. The adoption of PPPs has risen throughout the years, utilizedfor developing cultural infrastructure. With the increase in opting for PPPs, the numberof failed PPPs has shown to be due to inefficient risk management procedures. This thesisdelves into the realm of public-private partnerships (PPPs) and examines the integrationof stakeholder management in the risk identification process, aiming to answer thefollowing research question: How do the public sector and private sector in a public-private partnership respectivelyconsider stakeholder management when identifying risks? Through a qualitative single case study of a PPP project in Sweden, the research aims toprovide insights into how key actors in PPPs consider stakeholders when identifyingrisks. The study emphasizes the importance of stakeholder theory in enhancing riskidentification practices within the context of collaborative ventures. By exploring thecomplexities of PPPs and the dynamics of stakeholder engagement, this researchcontributes to the existing literature on effective partnership arrangements and riskmanagement in public-private partnerships (PPPs). The findings highlight thesignificance of incorporating stakeholder perspectives in risk identification strategies tofoster successful outcomes in PPP projects. To answer the research question, semi-structured interviews were conducted with thepublic and private entity involved in the PPP chosen for the case study. This study notonly offers theoretical implications for understanding the interplay between stakeholdertheory and risk management but also provides practical insights for organizations seekingto establish and maintain successful PPPs. The research underscores the critical role ofclear project objectives, defined partnership responsibilities, communication, andcollaboration in sustaining long-term partnerships. By bridging the gap betweenstakeholder theory and risk management, the study offers a theoretical contribution forunderstanding how stakeholder engagement can enhance risk identification strategies in PPP projects. Overall, this thesis contributes to advancing knowledge on stakeholder considerations inPPPs and offers recommendations for enhancing risk identification measures incollaborative ventures.

Univ., Diss.--Linz, 2006.

O presente trabalho tem por objetivo apresentar ao leitor as diversas formas de garantia que poderão ser oferecidas ao particular, pelo Estado, como forma de atraí-lo à contratação de parcerias público-privadas, instituídas em âmbito federal pela lei nº. 11.079, de 30 de dezembro de 2004. A escassez de recursos públicos, culminando com a incapacidade estatal de investir em áreas de sua responsabilidade, fez com que se buscassem novas formas de interação entre os setores público e privado. Contudo, o histórico de mau pagador da Administração Pública brasileira implicou na necessidade de oferecimento de garantias àqueles que irão contratar com o poder público, sem as quais talvez poucos ousassem investir seu capital em atividades nem sempre certamente rentáveis. A proposta é analisar as diversas modalidades de garantias, apontando suas fragilidades e seus aspectos favoráveis, sempre no intuito de mostrá-las viáveis e eficientes. Por fim, algumas sugestões de novas espécies serão apresentadas, aumentando a gama de opções que o administrador terá ao seu alcance quando pretender levar a efeito uma contratação desta natureza. / The present work aims at presenting the reader a wide range of guarantees which can be offered to private companies by the State, so as to attract them to contracting public-private partnerships, instituted in federal extent under law number 11.079, dated December 30, 2004. The shortage in public resources, culminating with the incapacity of the State to invest in sectors of its own responsibility, has brought about the pursuit of new ways of interaction between the public and private sectors. Notwithstanding, the fact that Brazilian Public Administration has a history of being a bad payer has implied the need for guarantees to those who will hire the Public Power, taking into consideration that perhaps only a few people will be willing to invest their funds in doubtfully profitable activities. The purpose of this paper is to analyze the various forms of guarantees, pointing out weaknesses and favorable aspects, always targeting on turning them viable and efficient. At last, some other new suggestions will be introduced, enhancing the range of options the administrator may have at reach whenever one intends to put into practice such kind of hiring.