Public Private Partnerships Coursework Example | Topics and Well Written Essays - 2250 words

Public Private Partnerships - Coursework Example The government sometimes contribute to a PPP in a form other than cash or capital, it can transfer some of the already existing assets to the PPP. In certain types of PPP where the projects involve the creation of public goods for example in the infrastructure or say educational sector, the government sometimes provide a capital subsidy to the PPP in the shape of a one-time grant or something similar to make the PPP more attractive to private investors. The government support in some cases may be in the form of revenue subsidies provision which includes tax breaks or the removal of guaranteed annual revenues for a particular time period (Zheng, 2008). In the previous 2 decades, over 1400 PPP deals have been signed in the European Union which represent approximately â‚ ¬260 billion estimated capital value (Kappeler & Nemoz, 2010). However, the number of PPP deals has fallen by 40% since the beginning of the financial crisis in 2008 (Barlow, Roehrich, & Wright, 2010). The reduction in the number of public-private partnerships placed significant economic and financial strains on the respective governments which have come to heavily rely on PPPs as a significant mean for the delivery of long-term assets such as infrastructure and associated services [10]. Moreover, these reductions in PPPs have come at a time when investment in public-sector infrastructure is seen as an essential way of sustaining economic activity during the time of crisis [11]. In today’s world, the public-private partnerships provide a distinctive perspective on the mutual and network aspects of public management. The advancement of PPPs, both as an impression as well as a practice, is an outcome of public management, globalization pressures and the beginning of a state that is more strategic than bureaucratic.