Abstract
Large-scale infrastructure has some particular features that require special attention from project managers. It has a public interest status, strong externalities, characteristics of natural monopolies and a high vulnerability to uncertainty. This vulnerability arises from the large sunk investments required and from the difficulty in accurately forecasting the demand/consumption in the long run. This raises several challenges regarding the involvement of the private sector in the provision and management of infrastructure and also helps justify why the full privatization process has raised suspicion for most countries’ governments.
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© 2013 Springer-Verlag Berlin Heidelberg
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Cruz, C.O., Marques, R.C. (2013). Conclusions. In: Infrastructure Public-Private Partnerships. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-36910-0_6
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DOI: https://doi.org/10.1007/978-3-642-36910-0_6
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