Do Public-Private Partnerships Still Have a Future?. (October 2022)

• Record Type: Journal Article
• Authors: Vecchi, Veronica; Tanese, Angelo; Osborne, Stephen
• Is Part Of: Public works management & policy. Volume 27:Number 4(2022)
• Page Start: 337
• Page End: 341
• Publication Date: 2022-10
• Subjects: public private partnerships -- ESG -- value -- impact investing -- sustainable development goals; Public works -- United States -- Management -- Periodicals; Public works -- Finance -- Law and legislation -- United States -- Periodicals; 363
• DOI: 10.1177/1087724X221088842
• Languages: English
• ISSNs: 1087-724X

Abstract

Public Private Partnerships (PPP) are under discussion because of the mixed results achieved and the deteriorated trust between public and private actors. However, abandoning PPP could represent a severe mistake in public policy. Based on the recent Italian experience, the authors argue that a new approach to PPP, based on the ESG/SDGs and Impact Investing agenda, could represent an opportunity, both for the public and the private sectors, to contribute to solving wicked problems while generating societal value. This Commentary paves the way for a reflection on this renewed approach to PPP and the need for a new set of skills in the public and private sectors to support the transition.