Towards new ways of governing Public-Private Partnerships in Public Infrastructure
2019
Public-private partnerships play a key role in the construction and
management of public infrastructure all over the world, with many
countries following the UK’s example by using Design, Build,
Finance, Maintenance and Operation (DBFMO) contracts: long-term
contracts that fully outsource the various project phases to a private
consortium. These smart DBFM(O) contracts strive to combine
the strengths of government and the market in order to cope with
increasingly large and complex public projects. In practice, however,
things are more complicated, with partnerships sometimes
resulting in failures and disputes. Recently, a number of public
and private parties in the Netherlands have taken the initiative to
develop what they called ‘a new market vision’, with new ideas on how
public- private partnerships should be implemented and governed.
According to this new vision, relational aspects of partnerships
and cooperation, such as attitude, openness, trust and relationship
management, are key.
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