The Collapse of P3 Giant Carillion and Its Implications

Carillion, a major global player in the promo­tion of Public-Private Partnerships (P3s) has gone into liquidation in the UK. The collapse of this massive company is a case study of all that is wrong with P3s as an approach to building and operating public infrastructure. Carillion sponsored and financed over 60 P3s but more importantly provided the facility management services for them once construction was com­pleted. It was the second largest builder in the UK. It also held many government outsourcing contracts and undertook project financing as well as construction.