Power relations and risk allocation in the governance of public private partnerships: A case study from China

This article examines the power relations between the government, the private sector and citizens/users, which underlie the risk allocation process in public private partnerships (PPPs) for infrastructure. It argues that the institutional environment and resource dependency determine power relations, and hence risk allocation. The approach is applied to analyse risk allocation in a PPP toll road in Zhejiang province, China. The analysis reveals...