ABSTRACT
This chapter defines the models broadly into six types according to the degree of involvement between the public and private sectors including: public ownership and operation; public funding with private operation; joint ventures; concession awards; privatisation of state ownership; and full private ownership and operation. The form of the public ownership and operation is particularly common for power and water projects in China where, traditionally, all public projects. Joint ventures are usually adopted as a way of realising the commercial potential of which the public project is capable. Bult-Spiering and Dewulf also summarised some conditions for project success based on an extensive analysis of the results of case studies. Guasch listed some of the advantages of concession awards which include: allowing private participation in the projects that cannot be privately owned; enabling competition between private parties; and enabling cost efficiency.
