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The future of private finance initiative and public private partnership
Posted on: 1 July 2011
By: mackene
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Filed under: News
RICS has published new research looking at the future of public private partnerships (PPPs) in the UK, Australia, Canada, the USA and India. The research was carried out by the University of Ulster and the University of Aberdeen and examines the impact of the financial crisis on PPPs and their role over the next 10 years. The report shows that PPPs have transcended international borders and different government structures to support of economic growth. Although the financial crisis has had an impact on their use they will continue to be an important way of providing infrastructure over the next decade. This will be particularly important if Governments continue to reduce direct spending on infrastructure through austerity packages. The report argues that certain steps need to be taken to address problems with current PPP systems and help establish them as an effective tool for infrastructure delivery.
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