Title: Closing the gap: financial closure in public private partnership markets

Authors: Alex Nduhura; Thekiso Molokwane; Lukamba M. Tshombe; Innocent Nuwagaba; Francis Can

Addresses: Department of Procurement, Logistics and Marketing, School of Business and Management, Uganda Management Institute, Plot 44-52 Jinja Road, Kampala, Uganda ' Department of Political Science and Public Administration, University of Botswana, Gaborone, Botswana ' Public Management and Administration, School of Government Studies, Faculty of Humanities, North West University, P.O. Box 1174, Vaal Triangle Campus, Vanderbijlpark, 1900, South Africa ' Department of Management, School of Business and Management, Uganda Management Institute, Plot 44-52 Jinja Road, Kampala, Uganda ' School of Business and Management, Uganda Management Institute, Plot 44-52 Jinja Road, Kampala, Uganda

Abstract: The paper analyses the context of financial closure in public private partnerships markets. Existing studies indicate that the success rate of projects that move to the financial closure is limited and stands at less than 50%. To improve the financial closure rates, this study aimed at establishing process for, factors and challenges associated with financial closure for public private partnerships. Based on a review of existing literature, this paper identifies the factors responsible for the high failure rate of financial closure and provides recommendations, necessary for improving the success rate of financial closure. The outcome of this study is important since it makes an invaluable and original contribution to the PPP body of knowledge, since the paper provides a range of issues and activities that must be considered to improve the success rate for financial closure is historically rated as too long and with low chance of success.

Keywords: financial closure; public private partnerships; PPPs; infrastructure.

DOI: 10.1504/IJCIS.2023.134620

International Journal of Critical Infrastructures, 2023 Vol.19 No.6, pp.558 - 577

Received: 22 Oct 2021
Accepted: 06 Jan 2022
Published online: 01 Nov 2023 *

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