Public-Private Partnership

This article seeks to identify whether the current model of the Private Finance Initiative (PFI) implementation has been successful and concludes that it has been partially successful but could not be improved. It takes a view that enhancing the framework within which the public and private sectors interact and developing a formula that maximizes the best of public-and-private-sector skills could minimize the disparity in institutional objectives and result in more effective implementation. Moreover, addressing the implementation at a sector level as opposed to a project level, and defining the roles and responsibilities of each party is an integral part of effective implementation/ the article ends with proposing an alternative model for improving the implementation process.