Private Participation in Infrastructure: What Role for Public–Private Partnerships?
LTI-CEPR Report –-Emmanuelle Auriol et Stéphane Saussier, Avril 2025
Abstract
To modernise infrastructure, achieve carbon neutrality, and bolster defence and social services, the European Union must close an annual investment gap of €750–800 billion. Public– private partnerships (PPPs) are frequently proposed as a solution, but their effectiveness is debated. Can they help bridge the funding shortfall, or do they introduce inefficiencies and risks related to contract renegotiations?
This report analyses data and literature, develops a theoretical framework, and conducts empirical assessments to derive key insights for the effective design and implementation of PPPs.