Political risk and success factors in public-private partnerships at the subnational level

Public-Private Partnerships (PPP) are contractual figures through which the public and private sectors participate together in the provision of public goods and services, with multiple degrees of involvement and allocation of responsibilities, and multiple types of arrangements such as concessions (PPP in Infrastructure Resource Center [PPPIRC], 2015). Thus, an adequate risk distribution among the parties is required to ensure the success of a project. Although there is extensive research to understand risk in PPP at the national level, it has been found that there is a lack of research on the role of political risk and critical success factors coming from subnational spheres, on PPP success. Therefore, the current study related perceptions on political risk, and critical success factors with the probability of success or failure of an infrastructure project performed under concessions at the subnational level.
[2018]

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