Public-Private Partnerships in Emerging Economies Routledge Research in Finance and Banking Law Series
Over the years, a shortage of funds has resulted in a huge deficit in government budgets for infrastructure, especially in developing economies. It is no longer feasible for governments to bear the entire burden of funding public infrastructure. Given that an inadequate supply of public infrastructure poses a challenge for the economic development of any country, partnerships with the private sector to fund public infrastructure procurement has started to be relied on as an alternative to traditional public procurement. Public-Private Partnerships are an arrangement that allow private entities to fund, design, manage and operate public infrastructure for a term in exchange for the payment of tolls by users or the government may well be the solution to the infrastructure crisis in many developing economies.
This book examines the role of law in the adoption, implementation and regulation of Public-Private Partnership in selected developing economies including Brazil, India, Nigeria and South Africa to address how to deal with overlapping laws and how the law can protect assets invested in PPP in order to attract private sector interests in infrastructure financing in developing market, showing how law can be used to create, sustain and promote PPP frameworks that take into account local circumstances in developing economies.
Dr Augustine Arimoro is a Lecturer in Law at Nottingham Trent University, Nottingham, UK. He is also a Barrister and Solicitor of the Supreme Court of Nigeria.
Date de parution : 01-2023
15.6x23.4 cm
Date de parution : 10-2020
15.6x23.4 cm
Thèmes de Public-Private Partnerships in Emerging Economies :
Mots-clés :
PPP Project; Public Private Partnerships; public infrastructure; PPP; emerging economies; PPP Arrangement; Public-Private Partnerships; PPP Regime; infrastructure crisis; Concession Agreement; law and PPP; PPP Model; infrastructure financing; PPP Framework; Lagos State Government; PPP Process; Successful PPP; PPP Transaction; PPP Policy; PPP Law; PPP Contract; Private Sector Consortium; Traditional Public Procurement; Nasarawa State; Public Finance Management Act; PPP Agreement; Exclusive Legislative List; PPP Market; PPP Unit; Successful PPP Project