Ten Principles For Successful Public Private Partnerships
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Public-Private Partnerships
| Author | : E. R. Yescombe |
| Publisher | : Elsevier |
| Total Pages | : 357 |
| Release | : 2011-04-01 |
| Genre | : Business & Economics |
| ISBN | : 0080489575 |
Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains:* The different types of PPPs and how these have developed* Why PPPs are attractive to governments* General policy issues for the public sector in developing a PPP programme* PPP procurement procedures and bid evaluation* The use of project-finance techniques for PPPs* Sources of funding* Typical PPP contracts and sub-contracts, and their relationship with the project's financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties* Structuring the investment and debt financing* The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing.*Reviews the PPP policy framework and development from an international perspective*Covers public- and private-sector financial analysis, structuring and investment in PPPs*No prior knowledge of project financing required
Mastering the Risky Business of Public-Private Partnerships in Infrastructure
| Author | : Manal Fouad |
| Publisher | : International Monetary Fund |
| Total Pages | : 61 |
| Release | : 2021-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1513576569 |
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
International Best Practices of Public-Private Partnership
| Author | : Robert Osei-Kyei |
| Publisher | : Springer Nature |
| Total Pages | : 183 |
| Release | : 2021-02-09 |
| Genre | : Political Science |
| ISBN | : 9813362685 |
This book discusses how Public-Private Partnership (PPP) is practiced in developed and developing economies. The book demonstrates how PPP as a concept has grown over the years with many governments particularly from developing economies/countries seeking to enhance infrastructure growth and development through this scheme. Further, the book explores how PPP has become the major infrastructure procurement policy adopted by many governments globally to address the rapid increase in demand for infrastructure due to the increase in population growth. Although, there are many available textbooks on PPP, this book is unique because it provides in-depth analysis and discussion on the international best practices of PPP from developed and developing economies perspectives. This book provides strategic measures, useful practices and information about the similarities and differences in PPP practices in developed and developing economies based on empirical evidence and case studies. This book is structured in nine chapters. The first chapter explores the basic concept of PPPs. The second chapter looks at the global development and practices of PPP particularly from developed and developing economies’ perspectives. The third to the eight chapters explores critical topics and issues in international PPP practices from developed and developing economies perspectives. The topics included in this book are: governments motivations for adopting PPPs, barriers to PPP implementation, measuring PPP project success, risk management in PPPs, causes of conflict and conflict resolution mechanisms in PPPs and management of unsolicited proposals. The ninth chapter presents a comprehensive best practice framework for implementing international PPP projects. This book is useful to undergraduate and postgraduate students in architecture, civil engineering, business, construction and project management, researchers interested in PPP topics, international investors and financiers, public authorities and departments and international development banks. This book provides in-depth insights and understanding on the best practices for PPP from the international perspective especially from the viewpoint of countries with diverse culture and policies. Importantly, readers will be adequately informed of the similarities and differences of PPP practices and processes in developed and developing economies based on empirical evidence. Investors and governments will be informed of the strategic plans and preventive actions to employ when engaging in PPP arrangements in any part of the world.
The Role of Public-Private Partnerships and the Third Sector in Conserving Heritage Buildings, Sites, and Historic Urban Areas
| Author | : Susan Macdonald |
| Publisher | : |
| Total Pages | : |
| Release | : 2014-06-15 |
| Genre | : |
| ISBN | : 9781937433208 |
The conservation of cultural heritage requires the involvement of multiple actors from across the public, private, and nongovernmental, or third, sectors, not only to initiate and carry out conservation but also to sustain heritage places. The conservation of the historic urban environment poses specific and urgent challenges that require a multidisciplinary approach in which conservation actions are embedded within economic, social, and environmental development strategies. Increasingly, the private and third sectors are playing a pivotal role in these processes. Public-private partnerships (PPPs) are contractual arrangements in which the private and/or third sector assists in delivering a public facility or service by providing funding or operating leadership. The third sector, which may include heritage-related NGOs, as well as people living near a heritage site, is of particular relevance to PPPs used for heritage conservation. This publication focuses specifically on the use of PPPs for historic buildings and historic urban areas, and is targeted to those working in the cultural heritage sector. It draws on existing literature, which it aims to make more accessible to those interested in cultural heritage conservation. While providing information on the basic concepts of public-private partnerships and the roles and responsibilities of the partners in a PPP, this is not a guide to the use of PPPs. It discusses the types of PPPs that have been used to conserve historic buildings and historic urban areas, provides specific examples of where and how they have been used, and demonstrates ways in which PPP mechanisms have met conservation goals. This publication also makes some limited observations on the aims of PPPs drawn from the literature, from published case studies, and from a few further case study investigations. This publication draws on English-language works produced between 1992 and 2012, but concentrates on the more recent literature. Much of this material is from the Australia, the United Kingdom, and other European nations that have been the most active in conducting PPPs for heritage resources and in publishing information about these projects. This overview includes an extensive bibliography and provides some suggestions of topics for further research.
Guidebook on Promoting Good Governance in Public-private Partnerships
| Author | : United Nations. Economic Commission for Europe |
| Publisher | : |
| Total Pages | : 108 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : |
This guidebook offers training modules for the promotion of public-private partnerships in the delivery of public services. PPPs in theory are supposed to combine the best of both worlds. The private sector with its resources, management skills and technology; and the public sector with its regulatory actions and protection of the public interest provide a balance in delivering public service. PPPs though are also complex in nature, requiring different types of skills and new enabling institutions and they lead to changes in the status of public sector jobs. To work well, they require "good governance", that is, well-functioning institutions, transparent, efficient procedures and accountable and competent public and private sectors. This guidebook therefore seeks to elaborate best practice and is aimed at policymakers, government officials and the private sector.
Public Private Partnerships
| Author | : Robert M. Clark |
| Publisher | : Springer Nature |
| Total Pages | : 311 |
| Release | : 2019-10-18 |
| Genre | : Law |
| ISBN | : 3030246000 |
This book discusses Public-Private Partnerships (PPPs) and their potential to protect and maintain critical infrastructure in a variety of global governmental settings. Critical infrastructure is defined as essential services that underpin and support the backbone of a nation's economy, security, and health. These services include the power used by homes and businesses, drinking water, transportation, stores and shops, and communications. As governmental budgets dwindle, the maintenance of critical infrastructure and the delivery of its related services are often strained. PPPs have the potential to fill the void between government accounting and capital budgeting. This volume provides a survey of PPPs in critical infrastructure, combining theory and case studies to provide a comprehensive view of possible applications. Written by a diverse group of international experts, the chapters detail PPPs across industries such as transportation, social infrastructure, healthcare, emergency services, and water across municipalities from the US to New Zealand to Hong Kong. Chapters discuss objectives and legal requirements associated with PPPs, the potential advantages and limitations of PPPs, and provide guidance as to how to structure a successful PPP for infrastructure investment. This book is of interest to researchers studying public administration, public finance, and infrastructure as well as practitioners and decision makers interested in instituting PPPs in their communities.
Public-Private Partnerships for Infrastructure
| Author | : E. R. Yescombe |
| Publisher | : Butterworth-Heinemann |
| Total Pages | : 549 |
| Release | : 2018-05-29 |
| Genre | : Business & Economics |
| ISBN | : 0081007671 |
Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: - Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table - Emphasises a step-by-step approach within a comprehensive, cross-referenced format - Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required - Provides detailed reference points for more experienced practitioners - Draws from the authors' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles - Includes an extensive glossary of technical and financial terms used in the PPP sector - Includes more technical information and a stronger legal perspective than other books - Emphasizes a step-by-step approach within a comprehensive, cross-referenced format - Expands and updates the historical backgrounds and political contexts of public-private partnerships
Risk Management Strategies in Public-Private Partnerships
| Author | : Obicci, Peter Adoko |
| Publisher | : IGI Global |
| Total Pages | : 383 |
| Release | : 2017-03-03 |
| Genre | : Business & Economics |
| ISBN | : 1522525041 |
Governments around the globe are facing a new framework of service delivery as public-private partnerships become more prevalent. Characterized as an innovative tool for change, this area of socio-economic development is transforming the world economy. Risk Management Strategies in Public-Private Partnerships is an essential reference source for the latest scholarly research on recent developments on the relationships between public agencies and private sectors, and frameworks for effectively managing risk factors. Featuring extensive coverage on a wide variety of topics and perspectives such as service delivery, sustainability, and contractual design, this publication is ideally designed for policy makers, students, and professionals seeking current research on ways to manage problems and challenges in contractual partnerships.
