Public-Private Partnerships as an Alternative for Financing Efficient Public Infrastructure: Myth or Reality?

This book, which is published further to the author’s Doctorate in Business
Administration (DBA) dissertation at the Business Science Institute (BSI) in
Luxembourg, concerns the performance of public-private partnerships (PPPs)
within the West African Economic and Monetary Union (UEMOA).

The results of the DBA dissertation reveal that PPPs’ overall performance is
independent of their financial or ownership structure. The major finding of
this analysis is the role of endogenous and exogenous factors that may explain
performance.

That is why this book aims to highlight the analysis of these factors and
their consideration in the construction of an environment that favors the
growth of PPPs. The objective is to fuel reflections on the progressive
construction of such an environment.

Rooted in fieldwork, this book, which concludes with detailed managerial
recommendations, is meant to serve both academics – with its topical
presentation of the state of the art in PPPs, mobilizing the contributions of
economic and financial theory – and practitioners seeking to gain current
knowledge of the field and learn from the experiences of past PPPs.

The results obtained, which shed useful light on PPP construction, give
readers an opportunity to personally assess PPP implementation in the UEMOA
region in response to the following question: Are PPPs a myth or a reality?

Beyond the topic of PPPs, this work surveys the main problems related to
infrastructure implementation in Africa: financing and governance,
contractualization and institutional framework, planning and evaluation, and
performance.