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Keywords:

  • International evidence;
  • long-term infrastructure contracts;
  • LTICs;
  • PFI;
  • procurement;
  • public–private partnerships;
  • PPPs;
  • value-for-money;
  • VfM

This paper argues that evaluations of public–private partnerships thus far point to contradictory results regarding their effectiveness and value-for-money. Despite continuing political popularity, greater care is needed to strengthen future evaluations and conduct such assessments away from the policy cheerleaders.