Is the Public-Private Partnership business booming?
The need for infrastructure investment has been increasingly at the forefront of any discourse on sustainable development and urban regeneration. Public-Private Partnerships (PPPs) have grown in popularity for development agencies and governments, which expect good value for money for their projects. Increasingly, there are indications that the PPP model is no longer booming, however. The UK has just abandoned its largest and oldest programme – the Private Finance Initiative (PFI), and there is strong political pressure is mounting in other places to re-assess PPP models.
ITF Secretary-General Young Tae Kim (pictured here with UITP Secretary General Mohamed Mezghani) moderated a session to address the context and approaches that have made PPPs successful at the UITP (Union internationale des transports publics) Summit held in Stockholm, Sweden, from 9 to 12 June. Mr Kim's moderatorship examined where and why various PPP models are under pressure and what lessons we can take forward regarding the future of these types of partnerships.
Also at the Summit, ITF's Advisor on Innovation and Foresight, Philippe Crist, moderates the session on “Regulatory considerations for Mobility as a Service and micro-mobility services” on Tuesday, 11 June. Mr Crist presents ITF insights at the “Beyond the battle for the kerb: adapting cities to new mobility” session on Wednesday, 12 June from 11:00 to 12:30.