Size-dependent features of public-private partnerships: geographical and sectorial differences, deal size and structuring, and transaction costs

Abstract

The purpose of this paper is to identify and to review the size-dependent features of public-private partnerships (PPP) which precedes the complex exercise of defining the characteristics of small-scale PPPs. Our paper covers deal size variability across countries, sectors and time; relationship between deal size and structuring and financing of PPPs with respect to maturity, payment mechanism, debt ratio and type of bank debt; and important issues of transaction costs.