Abstract
While Public-Private Partnership (PPP) is widely adopted across various sectors, it raises a question on its meagre utilisation in the housing sector. This paper, therefore, gauges the perspective of the stakeholders in the building industry towards the application of PPP in various building sectors together with housing. It assesses the performance reliability of PPP for housing by learning possible take-aways from other sectors. The role of key stakeholders in the industry becomes highly responsible for an informed understanding and decision-making. To this end, a two-tier investigation was conducted including surveys and expert interviews, with several stakeholders in the PPP industry in Europe, involving the public sector, private sector, consultants, as well as other community/user representatives. The survey results demonstrated the success rate with PPPs, major factors important for PPPs such as profitability or end-user acceptability, the prevalent practices and trends in the PPP world, and the majority of support expressed in favour of the suitability of PPP for housing. The interviews added more detailed dimensions to the understanding of the PPP industry, its functioning and enabling the formation of a comprehensive outlook. The results present the perspective, approaches, and experiences of stakeholders over PPP practices, current trends and scenarios and their take on PPP in housing. It shall aid in understanding the challenges prevalent in the PPP approach for implementation in housing and enable the policymakers and industry stakeholders to make provisions for higher uptake to accelerate housing provision.
Highlights
Public-Private Partnerships (PPPs) are considered a form of privatisation that can be defined broadly as an arrangement between a public and a private unit, undertaking an activity jointly for several reasons such as innovation, managerial efficiency or technical knowledge (Savas 2000; US Department of Transportation, DOT 2004; Grimsey and Lewis 2005; Roehrich et al 2014)
PPPs are defined by the European Investment Bank (EIB) (EIB 2004, 2019) as “the relationships formed between private sectors and public bodies often to introduce private sector resources and/or expertise to provide and deliver public sector assets and services”
Limited available literature over housing PPPs and the existing European PPP market scenario made it imperative to turn towards exploring other sectors wherein the findings concluded a high consideration for the suitability of PPP for housing
Summary
PPPs are defined by the European Investment Bank (EIB) (EIB 2004, 2019) as “the relationships formed between private sectors and public bodies often to introduce private sector resources and/or expertise to provide and deliver public sector assets and services”. A PPP is an agreement between governments/ public and private partners where the objectives of service delivery for the public sector are aligned with profit-oriented objectives of the private sector through various possible instruments (Organisation for Economic Co-operation and Development, OECD 2012; Energy Efficient Buildings Association E2BA 2013). Denmark started utilising PPP in public building and construction as an opportunity to bring about improvement in the efficiency of the projects and provide innovative solutions (Bardeleben and Puggaard 2012), further taking PPP approach as an instrument to facilitate interaction among design, construction and operation stages. Even Norway adopted the PPP approach in 1998 beginning with transportation projects (Eriksen et al 2007)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
