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Towards the Determinants of Successful Public-Private Partnership Projects in Jamaica: A Proposed Methodology

  • Kenisha Iton
  • Delroy CheversEmail author
Conference paper
Part of the Springer Proceedings in Business and Economics book series (SPBE)

Abstract

The Caribbean countries have a relatively large infrastructure deficit that has affected their economic growth. Infrastructure is essential for growth by providing critical services and facilities. Infrastructure is a major determinant that drives competitiveness, and as such is vital if these economies are to become competitive, grow and developed. Undoubtedly, investing in infrastructure is beneficial for developing countries, but such initiative is usually accompanied by high costs. Mobilizing financial resources needed for infrastructure investment can be challenging for governments in developing countries, with Jamaica being no exception. Public-private partnerships (PPPs) have become alternative ways of raising needed funds for capital intensive public projects, thereby providing a unique solution to speed up infrastructure development. However, the success of these initiatives is inconclusive. Hence, this study seeks to propose a research methodology to assess the major determinants of successful implementation of PPPs in Jamaica. It is hoped that the study will provide useful insights which can assist decision makers in their desire to implement successful PPPs and by extension promote economic and social development in Jamaica.

Keywords

Economic development Infrastructure Jamaica Public-private partnerships Nominal group technique 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.SALISES, University of the West IndiesKingstonJamaica
  2. 2.Mona School of BusinessUniversity of the West IndiesKingstonJamaica

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