INTRODUCTION OF PUBLIC PRIVATE PARTNERSHIPS IN THE HIGHWAY SECTOR

The purpose of this paper is to highlight some of the key issues surrounding the introduction of Public Private Partnership (PPP) in the highway sector. The issues discussed can apply equally whether the highway improvement is complete, new construction, rehabilitation or ongoing maintenance or any combination of investment processes and levels. The paper identifies and discusses these four key objectives of PPP: maximizing value for money (Vfm) of providing service of a long period of time; maximizing efficiency and innovation to achieve Vfm; enabling the public sector to procure services consistent with economic policy; and paying for services which achieve the required quality.