Public–Private Partnerships in Regional Development Corridors: Governance, Risk, and Performance Analysis

Abstract

Public–Private Partnerships (PPPs) have emerged as a vital instrument for driving infrastructure growth, regional development, and economic integration. This study examines the governance structures, risk management mechanisms, and performance outcomes of PPPs operating within regional development corridors. The paper explores how transparency, accountability, and stakeholder engagement influence PPP performance in Pakistan and other developing economies. A qualitative and comparative approach is adopted to evaluate case studies such as the China-Pakistan Economic Corridor (CPEC) and its allied regional infrastructure projects. The findings reveal that effective governance frameworks, risk-sharing mechanisms, and continuous performance monitoring are crucial for ensuring the long-term sustainability of PPPs. The study concludes with recommendations for enhancing institutional coordination, ensuring equitable benefit distribution, and integrating digital monitoring systems to strengthen PPP efficiency and public trust.