Global growth in PPP markets has been matched by a corresponding rise in PPP research across a number of fields, including public policy and governance, construction management and economics, innovation theory and project management.
Initial research tended to enthusiastically endorse the PPP model, which appeared in evaluations of the BOT and BOOT infrastructure projects of the 1980s. Using project finance techniques to quarantine risk, these projects are seen as precursors to the current cohort of PPP projects (Gann, 2005, p.572). In the present study we limit consideration to the UK, whose Public Finance Initiative (PFI) has had a considerable influence on the Australian PPP market, and on Australian research.