Public goods that involve the daily and basic needs of citizens have long been provided and held accountable by the public sector. For the last few decades, private participation in public goods and services has been witnessed worldwide. The reform has been under the rubric of privatization, public-private partnerships (PPPs) and government reinvention, and involves public authority administration, infrastructure provision, and natural resources development. The frequently cited reasons for privatization are a lack of expertise, capital and operating cost savings, and better services. As to the infrastructure or public utilities sphere, the private sector helps rehabilitate, renovate and expand existing facilities; enhance technical and financial feasibilities of projects; satisfy public needs with greater efficiency; and share risks with governments. Infrastructure PPPs take many forms, which range from fully public to fully private. In between the spectrum, Savas listed service contract, operation and maintenance (O&M) contract, cooperative contract,, Build-Own-Operate (BOO), Build-Transfer-Operate (BTO), Build-(Own)-Operate-Transfer (BOT/BOOT), Wrap Around Addition, Buy-Build-Operate (BBO), and Lease-Build-Operate (LBO).


Public Utility Water Price Public Accountability Urban Water System Tank Truck 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  • Yan Wei
    • 1
  1. 1.Law SchoolShanghai UniversityShanghaiChina

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