Developing a model for Iran for Public-Private Partnership as a modern financing method for infrastructure projects

Subject Areas : Financial Knowledge of Securities Analysis

فرشاد هیبتی ¹ , هاشم نیکومرام ²

1 - ندارد
2 - ندارد

Received: 2010-07-06 Accepted : 2011-04-06 Published : 2012-09-10

Keywords: Public-Private Partnership (PP, infrastructure projects, Economic&#x0D, &#x0D, Stability,

Abstract :

Implementing the infrastructural projects has so many degrees of importance and avital role in economic growth and development of the countries. Since governmentsare aimed to give services more efficiently and with higher quality, they are doingrelated works and attempts in order to facilitate and accelerate the said projects.Experiences of different countries show that factors such as lack of financialresources, budgetary deficit of the governments for financing big projects and highdemand for investing in these projects have lead countries to do their attempts to fulfilpartnership of the private sector and make suitable competitive climate for theircooperation. These attempts have result in Public-Private Partnership (PPP) andfacilitated the growth and development of the countries. In this study, the relationshipbetween the factors influencing the utilization of PPP in 21 countries during 2000-2008 using panel data method are studied. The results show that countries’ revenue,economic stability, budget deficit and underground sources are the main factorsinfluencing public private partnerships in the studied countries. Finally, the model forpublic private partnerships has been generated.