PPP: a daring marriage; Public-Private Partnerships in combination projects (condensed version)

Public-Private Partnerships (PPP) is the name of the game in urban renewal projects. This study analyses under which circumstances PPP can yield more revenues than costs. Potential revenues of PPP are a better risk division between public and private parties and a higher ambition of the project. PPP commits parties to each other, with the danger of non-cooperative behaviour in various stages of the project. The study identifies the scope for non-cooperative behaviour and suggests remedies.