Public-Private Partnership and Infrastructure: An Empirical Study from Latin America
The purpose of this study was to assess the state and nature of Public-Private Partnership and Infrastructure in Latin America using literature based study. Multi-stakeholder collaborations between the private sector and public/non-profit institutions are commonly represented as win-win collaborations with quantifiable benefits and also results that accrue to all actors included, while the concept of additionality suggests that a partnership leads to an enhanced payment to destitution decrease and also lasting growth. In a similar capillary, the UNDP Commission for Private Sector Development has actually said that public-private partnerships (PPPs) can help with access to more comprehensive financing alternatives, aid skill and expertise development, and make possible the lasting delivery of basic services, particularly power as well as water (UNDP Commission on the Private Sector and Development 2014. UN company partnerships, specifically, are stated to cause a series of benefits. PPPs might use an opportunity for the UN to get used to the current age of globalization by reaching out to civil society and also company stakeholders that can help the company complete its goals. The study found that one of the biggest challenges facing the development of PPP projects in South America was obtaining long-term financing for private sponsors. Most commercial banks showed little appetite for credit terms greater than 10 and 15 years. The study further established that Public-private partnerships (PPPs) have been promoted worldwide as a solution for governments to meet their needs for infrastructure and public services with the participation of the private sector. The expansion of this model in different Latin American countries has resulted in a need to generate knowledge based on the experience of other countries in the region, in order to leverage lessons learned for national and local governments interested in implementing PPPs.
Key Words: Public-private, Partnership, Infrastructure, Empirical, South America