Public-private partnerships often make economic sense. In Turkey, they have a better record of avoiding delays and cost overruns than conventional public procurement
Turkey’s president, Recep Tayyip Erdogan, has decked out his country with scores of new bridges, tunnels, airports and hospitals. Most are public-private partnerships , deals whereby companies construct and operate infrastructure in exchange for fees from consumers or payments from state coffers. The lira’s slide over the past year has dramatically raised the cost ofs to taxpayers.
But the same few companies regularly walk away with the biggest contracts. Some projects are white elephants. “There’s an overreliance on, a think-tank in Ankara. “We’re doing things in a less transparent way.”s come with political benefits. He can take credit for launching big projects and pretend that private companies shoulder the cost, since the investments do not show up as government debt.
This article appeared in the Europe section of the print edition under the headline "Public-private problems"
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