Public private partnership in transit projects

The government is cutting down government impediments and entering into the market. One of the outcomes has been the rise of Public-Private Partnerships (PPPs). There have been a lot of information and transaction cost problems in government institutions. These issues can be sorted and mitigated if the risk is shared with the private sector. Until 1990, there had been a monopoly of the public sector developing transit projects. Now with the PPP concept, the transit projects are slowly moving into public private partnership agreements. This study tries to identify the various approaches of public private partnership delivery system. A few successful case studies are studied and analyzed to figure out which delivery system works well with smaller and bigger projects. Issues are identified in this study by comparing some of the delivery approaches. Further studies of some of these issues are suggested to improve the project delivery system