Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance: Public Policy for the 21st Century
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With the introduction of new market-oriented approaches to infrastructure finance policy decision-making in the national and subnational public sectors, there is a greater emphasis on the need for resource efficiency in the delivery of public services. There is also a critical need to evaluate and assess the effectiveness of infrastructure finance policy implementation. Public-Private Partnerships (PPPs) bring an agility and fresh perspective to the financing and delivery of public goods and services, and allow for a higher level of creativity, innovation, and flexibility during times of dynamic change and high demand for responsive solutions.
By introducing a comprehensive new lens through which to view infrastructure finance policy as an instrument capable of achieving long-term national and subnational policy objectives, this study offers a unique insight into the potential benefits of the adoption of PPPs within the context of long-term capital investment planning. Through the examination of case studies from the United States, Albania and Mauritius, the author presents a transparent and integrated analysis of the role of PPPs as a policy option within this context. By demonstrating how PPPs can be utilized as a means of efficiently financing and delivering capital infrastructure projects within unified and comprehensive capital management and budgeting systems, this book is essential reading for researchers, policy decision-makers and students of public policy, capital budgeting and infrastructure finance.
Jane Beckett-Camarata is Associate Teaching Professor of Public Administration in the School of Public Affairs at Pennsylvania State University, Capital College, USA. Her work has been published in numerous scholarly journals and she has been the recipient of numerous awards, including the CUNY Distinguished Municipal Leadership and Finance Award, a Fulbright Award, and the American Society for Public Administration Award for Innovative Partnerships.
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