Performance Review of Public-Private Partnerships and their Application Potential in Housing Sector

The idea of this thesis began from the point of exploring a comprehensive perspective about project processes governed with a systematic approach, enabling a healthy performance environment. PublicPrivate Partnerships, often referred to as PPP (a contractual agreement between the public and private sector to deliver a service together), is one such holistic approach connecting all the processes under one roof, built-up with varied risk-sharing models and propagates improved performance. PPPs are widely adopted in institutional, infrastructure or commercial sectors, and this spread itself raises a question on its rare utilization in the housing sector, confined to only limited countries. Despite brief literature on the application of PPP in housing, it brings to the question:

‘Why is PPP still not widely practiced in Housing?’

This thesis gains high motivation from this question itself and inspires to analyze and assess the feasible application of PPP in the housing sector with plausible take-aways from other sectors. Each following part unveils some interesting facts and ideas about the concept, adaptation, and exploitation of the PPP approach. Part A introduces to the world of PPP in all sectors, the scenario and challenges in the housing sector, the key attributes essential to any PPP, and throws light on the scheme adopted to embark on this exploratory journey forward. This introduction is followed by appraising the spread of PPPs across Europe in different countries and different sectors in Part B, enabling an in-depth understanding of the PPP scenarios and gather insights for PPP in housing. Part C unfolds an exciting overview of the world through the eyes of the stakeholders who have been surveyed and interviewed in the course of this research. This helps to cross-evaluate the observed trends and gathered information in the previous chapters. Part D collates the information represented in the previous sections and highlights the major concerns and issues by adopting the thematic analysis technique. Finally, Part E presents the outlook and recommendations for PPP in the housing sector. The results enable the assessment of the feasibility of adopting PPP in housing. They shall also aid governments in eliminating housing inequalities by providing for equal provisions across the society.