Africa: PPPs’ Private Gain At Public Expense
[ad_1] Kuala Lumpur, Malaysia — At high cost and with dubious efficiency, public-private partnerships (PPPs) have increased private profits at the public expense. PPPs have proved costly in financing public projects. PPPs' high costs Eurodad has shown high PPP costs mainly due to private partners' high-profit expectations. Complex PPP contracts typically involve high transaction costs. Worse, contracts are often renegotiated to favour the private partners. They also take advantage of lower government borrowing costs compared to private borrowers. Most PPP […]