From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 11 December 2024
- Subject(s):
- Commerce and trade — General welfare — Market economy — Private property — Privatization — Public finance
General Editors: Rainer Grote, Frauke Lachenmann, Rüdiger Wolfrum
Managing Editor: Martina Mantovani
1 Public-private partnerships (‘PPP’) are long-term relationships between public and private entities regarding mainly infrastructure facilities in order to enhance ‘governance effectiveness’ (Brinkerhoff and Brinkerhoff 4). ‘The matter of what constitutes a partnership is hugely contested. The phrase has been applied to many different arrangements around the globe’ (Hodge and Greve 12, 36) as a form of ‘co-operation of some durability between public-private actors in which they jointly develop products and services and share risks, costs and resources which are...
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