Overpriced and underwritten: The hidden costs of public-private partnerships
Public-private partnerships (PPPs) are being promoted in various countries as a solution to finance infrastructure projects with limited public budgets. Despite a multitude of problems with PPPs in Europe, some politicians, bankers and industry representatives still hail PPPs as if they were a silver bullet.
The problems with PPPs
Public-private partnerships don’t live up to their promises. While their advantages are being exaggerated, they have often put burdens on public budgets and service users.
The PPPs that went wrong
Cases from all over Europe expose the true costs of public-private partnerships. Whether it is roads, hospital buildings or water facilities, it’s often tax payers who have to foot the overpriced bill.
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