How can we design and implement rules that both protect the public interest and enable projects to be delivered effectively?
Public-private partnership is not merely a financial model. It is a system of relationships among public authorities, investors, financial institutions, designers, contractors, operators, consultants, supervisory and regulatory bodies, and users of public services.
The quality of the legal and institutional framework determines whether these relationships are transparent and predictable and whether the public interest is protected throughout the entire project life cycle.
Public debate needs to focus on:
effective early-stage planning; selection of the appropriate delivery model; risk allocation; contractual relationships; public procurement and concessions; permitting and regulatory regimes; control and oversight mechanisms; management of changes and claims; dispute resolution; and the accountability of public authorities.
Particular emphasis should be placed on the relationship between law and data. Rights of access to information, publication obligations, the quality of public registers, the identification of projects and contracts, and the ability to trace decisions have become essential components of effective infrastructure governance.