Key findings of the Committee: 2.1 There are many different meanings and definitions given to public private partnerships (PPPs) and the projects can have many different organisational and financial characteristics. Even though the precise boundary surrounding PPPs is still evolving, there are sufficient projects and developments taking place around the world that provide useful information. 2.3 The reasoning behind PPP projects has changed over time. They began with broader macroeconomic concerns in terms of public sector debt levels and have since moved to more direct value for money concerns. 2.4 PPPs typically cover a continuum of operations that can include financing, design and development, management, operation and ownership over a long period, as well as the traditional role of construction. |