Public Private Partnerships: The Worldwide Revolution in Infrastructure Provision and Project Finance

Grimsey (a partner at PricewaterhouseCoopers, Melbourne and a fellow in the Australian Centre for Public Infrastructure at Melbourne U. Private, Australia) and Lewis (banking and finance, U. of South Australia) define public-private partnerships (PPPs) as "arrangements whereby private parties participate in, or provide support for, the provision of infrastructure" and note that "a PPP project results in a contract for a private entity to deliver public infrastructure-based services." Their book is intended as a comprehensive overview of PPPs and their operations around the world, mixing academic and practitioner perspectives. Over the course of 10 chapters they discuss the origins of partnerships, partnerships and conventional procurement of infrastructure, the structure of partnership agreements, risk management, the governance of partnerships, and PPPs in emerging markets. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)