Public-Private Partnership as a Strategy for Infrastructure Development

Abstract

Infrastructure development (ID) is a major force behind progress in developing nations and a crucial enabler of productivity and long-term economic growth. The crucial element that might raise a nation's socioeconomic standards is the development of its infrastructure. In general, emerging nations have been constrained in their ability to build their infrastructure, and due to the increasingly competitive global environment, governments are seeking inventive ways to develop infrastructure. Increasingly, public-private partnerships (PPP) are being used to take advantage of and benefits that both the public and private sectors can offer. Namibia is no exception and so the government aspires to use PPPs as a tool to reach the country's objectives of infrastructure development. Hence, adopting a qualitative approach, this chapter intends to investigate the role of PPPs in infrastructure development and examine the part that PPPs perform in infrastructure development strategy and also provides a PPP strategic framework that can be utilized to guide future projects.