Public–private partnerships in metropolitan government: perspectives on governance, value for money and the roles of selected stakeholders

Abstract

This paper discusses the nature of public–private partnerships (PPPs) and their governance, with specific reference to the types of risks involved and how these are managed. The paper investigates whether there is any regime responsible for providing resources and enforcing contracts and service standards to make metropolitan governments efficient, effective and economical in designing, managing and exercising control over PPP ventures. In this context, the roles of selected stakeholders are discussed. The basic assumption of this paper is that metropolitan government could improve local economic growth through PPPs when the nature and governance of PPPs and the legalities underpinning them are thoroughly understood.