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Private Sector Financing – why it isnever an option for publicinfrastructure 
Andy Wynne
23
rd
ICGFM International Conference, Miami, May 2009
 
Introduction
I agree with Filip that:•PPP is not solution in time of financialcrises – do not attempt to stimulateeconomy using PPPsBut I would go further and argue:•private sector finance, public privatepartnerships or privatisation are never anefficient option for public sector infrastructure
 
Public private partnerships aremagic!
•UK 1997 – how to invest withoutborrowing•Nigeria 2009 – Lagos State Commisioner for health:“if the state must build new hospitals,improve services,… the private sector isthe best bet to turn to”
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