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Publication

Beyond the financial logic

Journal Contribution - Journal Article

Subtitle:realizing valuable outcomes in public-private partnerships in Flanders and Ontario
The value of publicprivate partnerships has typically been sought in financial and budgetary benefits. In both research and practice, important aspects of nonfinancial value have remained under the radar. This article discusses four white raven publicprivate partnerships that have shown rather atypical results in terms of their physical outcomesdesign, contextual fit, and multifunctionality. We argue that despite the increasing role of private sector actors, public sector clients fulfill a key role in delivering value. A strong sense of ambition and vision, in combination with a solid coordination on the part of the client, helps deliver projects that go beyond mere financial perks and deliver true social value. These elements have largely been overlooked in previous research, which has often focused on financial, legal, political, and managerial capacities of government actors.
Journal: Environment and planning: C : politics and space
ISSN: 2399-6544
Volume: 35
Pages: 784 - 808
Publication year:2017
BOF-keylabel:yes
CSS-citation score:1
Authors:International
Authors from:Higher Education
Accessibility:Open