|
4.3. Partnership between public and private sectors
Various innovative funding schemes may be possible, such as independent private companies,
Private Finance Initiative (PFI) including Build, Operate and Transfer (BOT), and other public-private
joint ventures.
4.3.1. Independent private corporations
Private sector involvement increases the incentive to minimise costs, reduce development
inefficiencies, and offer higher valued services to users. However, there are several problems that
could offset the advantages of private financing. The profit objective of the private sector may tend to
disregard the negative effects of the project (e.g. congestion, environmental degradation) in order to
cut costs. The danger of monopolist pricing in a spatial context must also be considered.
For governments, because of the attractiveness of private sector involvement, there is a growing
tendency to place vital infrastructure projects, programmes and services under the care of the private
sector. This could lead to lesser government control and reduced management costs of public services.
One organisational strategy may be to establish public corporations. These independent agencies
could serve to identify, encourage and assist in undertaking environmentally sound transportation
projects with private funds. Such agencies constitute a bridge between the public and private sectors.
However, a properly defined charter must be drawn up to ensure that they do not become substitutes
for (other) private development.
Dostları ilə paylaş: | 
