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Abstract
This paper analyses the use of public-private partnerships (PPPs) for the procurement of new grant-aided schools in the Madrid region, Spain from 2005 to 2012. The procurement was large: 56 schools, providing education for about 60,000 students, with a total investment of around 650 million euro. The authors explain why this procurement has been so successful: unlike some school PPP projects in other countries and some PPP projects in other parts of the public service in Spain.
The authors gratefully acknowledge the support of Cátedra Juan-Miguel Villar Mir in Business Administration of the Polytechnic University of Madrid, which provided funding for this research. They also wish to express their gratitude to the officials of the Madrid regional government and the managers of the PPP schools, who were generous and patient enough to answer questions and supply data for this project. Finally, the authors are indebted to PMM's two anonymous reviewers for helpful comments on an earlier version of the manuscript.