Public-private partnerships (PPPs) have emerged as one of the main approaches to the delivery of infrastructure projects efficiently. This article develops a framework for PPP infrastructure development. It provides examples of applications around the world, and the benefits and obstacles PPP through a literature review on PPP-related research over the past 20 years. Synthesis of knowledge are the foundation upon which the laws, regulations and guidelines for the effective and successful implementation of PPP can be established. This analysis shows that the PPP can create new and long-term business opportunities with the chance to deliver infrastructure services of higher quality and efficiency. However, these benefits will only materialize when the PPP project properly planned and managed, and how the public and private sectors work together successfully. "Hide
by Young Hoon Kwak, Yingyi Kyi, C. William Ibbs Source: California Management Review 29 pages. Publication Date: February 1, 2009. Prod. #: CMR418-PDF-ENG