Rics publishes PPP research

The Royal Institution of Chartered Surveyors (Rics) has published new research looking at the future of public private partnerships (PPPs). The University of Ulster and the University of Aberdeen carried out the research which examines the impact of the financial crisis on PPPs and their role over the next 10 years.

The research, which covers the UK, Australia, Canada, the USA and India, shows that PPPs have transcended international borders and different government structures to support economic growth. 

Although the financial crisis has had an impact on their use they will continue to be an important way of providing infrastructure over the next decade. This will be particularly important if governments continue to reduce direct spending on infrastructure through austerity packages.

The report identifies steps that need to be taken to address problems with current PPP systems and help establish them as an effective tool for infrastructure delivery.

Rics also published a set of recommendations designed to help PPPs function more effectively across the world and help provide much needed new infrastructure.