Public-Private Partnerships are bringing benefits to the public sector and, overall, are working well, according to a review by PricewaterhouseCoopers.
PricewaterhouseCoopers carried out a survey of 27 PPP projects in the UK, which show that PPPs work.
According to PwC, the benefits that the public sector requires are being realised, most notably is the delivery of high quality facilities and infrastructure as planned, on time and, as far as the public sector is concerned, to budget. 'Of the 27 projects reviewed only one encountered delay,' the survey showed.
'The PPP industry has been frustrated by a lack of objective analysis, and some past public comment has been misleading. The comments made by staff and users about the 27 PPP projects in this study contrast with generally negative reporting of PPPs in the media,' Nigel Middleton, Head of PPP/PFI Advisory Services, PricewaterhouseCoopers, said.
The report 'suggests that PPP can play an important role in delivering elements of the Irish National Development Plan, and provide high quality infrastructure through genuine long term partnerships,' Middleton said.
Virtually all of the public sector participants interviewed regarded their PPPs as a success, although some responses were qualified, according to the survey.
Staff and users of the facilities surveyed, such as clinical staff and teachers, are happy with their PPP, the survey showed.
