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Public private partnerships (PPP) projects usually last several decades, so should the initial sponsors sell their project before the end of the contract? A financial framework is developed in this paper to determine the circumstances making such a sale a rational choice, with a superior performance to the nonselling alternative. Application of this framework to transport infrastructure suggests there might be room for a PPP secondary market in developed economies, but this is not so clear in emerging markets.
Albornoz et al. (Tue,) studied this question.
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