Politics, risk, and white elephants in infrastructure PPPs

Albalate Daniel, Bel Germa*, Gragera Albert

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

Theoretical research on cooperation between public and private partners in infrastructure projects suggests that they can be a tool for preventing white elephants. However, various case studies suggest that actual outcomes are largely dependent on the effective transfer of operational risk to the private partner. This paper explores policy and planning dysfunction, and the idea that private entities that participate in public-private partnerships (PPPs) with no substantial risk transfer, and under heavily subsidized schemes, may engage in lobbying and exert pressure to develop white elephant projects.
Original languageEnglish
JournalUtilities Policy
Volume58
Pages (from-to)158-165
Number of pages8
ISSN0957-1787
DOIs
Publication statusPublished - 2019

Keywords

  • PPP
  • Poltitical favoritism
  • Infrastructure

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