BUILDING PUBLIC-PRIVATE PARTNERSHIPS: Assessing and managing risks in port development |
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Authors: | Hans Van Ham Joop Koppenjan |
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Affiliation: | Liverpool Business School, Liverpool John Moores University , Liverpool, L3 SUZ, UK Phone: +151 231 3440 Fax: +151 231 3440 E-mail: r.a.doig@livjm.ac.uk |
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Abstract: | In recent years increasing dependencies between public and private organizations lead to a growing need for public-private partnerships. However, cultural and institutional differences between the public and private domain and, in addition, the difficulties of bringing the two together, constitute a serious threat to successful public-private partnership. The formation of these partnerships is further hindered by confusion of the concept of public-private partnership. The predominant model of contracting out restricts rather than enhances public-private interaction. This article deals with the difficulties and risks involved in building public-private partnerships and tries to answer the question of how to overcome them. The issue is illustrated by an analysis of the attempts made to realize a huge port expansion in the port of Rotterdam by means of establishing public-private partnership. |
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Keywords: | Public-PRIVATE Partnerships Process Agreements Risk Management Public-PRIVATE Arrangements Port Development Port Of Rotterdam |
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