The Routledge Companion to Public-Private Partnerships by de Vries Piet;Yehoue Etienne B.;

Author:de Vries, Piet;Yehoue, Etienne B.;
Language: eng
Format: epub
Publisher: Taylor & Francis Group
Published: 2013-08-15T00:00:00+00:00

Part IV Financing of public–private partnerships

DOI: 10.4324/9780203079942-14

10 PPPs and project finance

E. R. Yescombe*

DOI: 10.4324/9780203079942-15

10.1 Introduction

The US National Council for PPPs describes a PPP as:

a contractual agreement between a public party (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility.1

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