𝖂𝖍𝖎𝖘𝖕𝖊𝖗𝖘 𝖋𝖗𝖔𝖒 𝖙𝖍𝖊 𝕹𝖔𝖗𝖙𝖍 Bold & Frank
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By Salad Malicha
Actually PPP is a model that has been largely abused and used to disguise conflicting interests, theft of public resources, failure in management of public services or amenities and worse to auction public utilities to private sector players.
It is a model that has failed in Europe and some parts of Asia. PPP projects are risky and that’s why it must be sanctioned by treasury. PPP models such as BOT, BOOT and BOO amongst others has varying effects on whether government or it’s agencies can influence utilisation of public asset or not and is subject to many legal battles and interpretations.
The irrevocable contracts and attendants legal consequences has affected many PPP contracts. The government of Djibouti terminated/cancelled deal they gave to a private sector player to operate port of Djibouti and the case is now at the London Court of International Arbitration (LICA).
Whereas World Bank is advocating PPP for many African government’s due to expanding budget deficits, huge investments required for priority infrastructure and critical sectors, PPP cannot replace need for better governance and accountability by government actors or it’s agencies.!!!
