LLM875 Private Public Partnerships

[3–0, 3 cr.]

This course will examine both the costs and benefits of public-private partnerships (P3s) as alternative public procurement methods, will contrast these with other procurement modes, and will consider how best to design P3 projects to serve public ends. Topics covered will include: (i) theories of P3s: where are the costs and benefits and how do these compare with other procurement models?; (ii) the financing of P3s; (iii) identifying, pricing and allocating risks in P3 projects; (iv) preparing a sustainable long-term concession agreement; and (v) assessing “value for money” in P3 arrangements.