Public-Private Partnerships: Successes and Failures

A publication by the CAF reviews the development of five projects implemented using the public-private partnership model for infrastructure investment in Latin America.

Friday, August 7, 2015

From the Presentation document by the Development Bank of Latin America (CAF):

In recent decades, many Latin American countries have launched public-private partnership projects for the construction, maintenance and operation of public infrastructure. Initially, these models were based on the award of public works for road construction; However, over the years, they have been refined and its use has spread to other infrastructure and public services such as railways, ports, airports, mass transit systems, hospitals, prisons and public buildings, among others.

The application of these models has not been without its successes and failures. The experience in these implementations has led, in turn, to ongoing legislative reforms and changes in contracts that have improved PPP schemes over the years. Proof of this is that, today, Latin America is one of the most active regions in the world in terms of public-private partnerships.

Read full report here.

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