Public-Private Partnership

Abstract

This article seeks to identify whether the current model of the private finance initiative (PFI) implementation has been successful and concludes that is has been partially successful but could be improved. It takes a view that enhancing the framework within which the public and private sectors interact and developing a formula that maximizes the best of public and private sector skills could minimize the disparity in institutional objectives and result in more effective implementation. Moreover, addressing the implementation at a sector level as opposed to a project level and defining the roles and responsibilities of each party is an integral par of effective implementation. The article ends with proposing an alternative model for improving the implementation process.