Government special purpose vehicles for public-private partnerships: stuck on the slow train in Khon Kaen City

Résumé fourni par la source

Although public-private partnerships have been touted as a strategy to expand infrastructure and service provision, they have yet to be widely used in developing countries, particularly in a country with a highly centralised government like Thailand. Capitalising on a national policy for the development of smart cities in Thailand, key business and community leaders in Khon Kaen worked to embrace the government special purpose vehicle (GSPV) concept in order to construct a light rail train (LRT). This study shows the potential as well as pitfalls of the GSPV model, which despite its promise has failed to hasten completion of the proposed Khon Kaen LRT. Recommendations and lessons learned for similar developing country contexts follow.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.