Adesope, Ganiyu Aremu; (1993) Public-private relation in two major station redevelopments. Masters thesis (M. Phil.), UCL (University College London).

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Abstract

In UK, in recent years, the need for the public and private sectors of the economy to jointly finance development projects (inner-city/urban renewal projects; social infrastructure projects: etc.) that once were apparently the reserve of the public sector, has been demonstrated by the increasing inability of Governments to continue acting as the major or sole project financiers. The introduction of policies and practices aimed at attracting more private sector participation in development project implementation, therefore, became inevitable. These "new" measures, however, seem to put some constraints on the public sector establishments, thereby limiting their scope of partnership with the private sector. In France, on the other hand, government policies and established practices encourage public-private sector institutions which specialise in funding and managing joint development projects. This thesis examines the relations between the public and private sectors in both countries using major railway termini redevelopment proposals -one in London and the other in Paris- as case studies. It concludes that smooth implementation of joint-venture or partnership projects appears to depend on: a clear policy framework at national/regional level; pulling together and mobilising the resources of the participating and interested parties or individuals; the availability and regular flow of counterpart funds from the participating bodies -public or/and private; the formation of project planning and management team to ensure smooth project- design and implementation; and proposes measures for improving public-private relations in implementing inner-city redevelopment projects in UK, in the future.

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