Public-Private Partnerships

Public-Private Partnerships
Author: E. R. Yescombe
Publisher: Elsevier
Total Pages: 357
Release: 2011-04-01
Genre: Business & Economics
ISBN: 0080489575
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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

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
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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.

Exploring the Networks of Organizations that Enable and Govern Infrastructure Public-private Partnerships

Exploring the Networks of Organizations that Enable and Govern Infrastructure Public-private Partnerships
Author: Stephan Francois Jooste
Publisher: Stanford University
Total Pages: 157
Release: 2010
Genre:
ISBN:
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The use of Public Private Partnerships (PPPs) for infrastructure development has received significant scholarly attention of late. Much of this attention emanates from a recognition of the challenges inherent in this move towards greater private participation in infrastructure delivery. Scholars agree that PPPs require new types of public sector capacity from governments in order to address these challenges. Unfortunately the locus and structure of this new capacity remain poorly understood. In this dissertation I propose that the need for this "PPP enabling capacity" has not been addressed by a reformation of public agents alone. Rather, a network of new "enabling organizations" (public, private and non-profit) has emerged in response to the emergent need for new capacity. Adopting the concept of "organization field" from institutional theory, I define this network of organizations as the "PPP-enabling field." I employ a qualitative case-based methodology to investigate the novel concept of the "PPP-enabling field" by looking at three leading cases of PPP-enabling fields: the Canadian province of British Columbia, the Australian state of Victoria, and South Africa. My analysis consists of three main parts. First, I examine these three fields in some detail. I identify differences in various field attributes, including the salient organizational actors, specific roles and responsibilities, dominant institutional logics (cognitive frames and ways of thinking) in the field, and the governance arrangements that guide action in the fields. Next, I turn to historical accounts of field formation in each of the three cases in an attempt to explain the reasons for the observed differences. Finally, I consider the impacts of these field differences on the overall "success" of PPP enablement in a region. To do this, I identify various measures of PPP program "success" and theorize about the linkages between PPP-enabling field characteristics and PPP program outcomes. This dissertation contributes to a more complete understanding of PPP-enablement by delineating, in some detail, contemporary forms of PPP-enabling fields. In this way I move beyond the normative approach that characterizes so much of the current literature on PPPs, to show how and why PPP-enabling fields emerge quite differently in different countries, and to propose functional and outcome implications of the field differences.

Public Private Partnerships in Transport

Public Private Partnerships in Transport
Author: Athena Roumboutsos
Publisher: Routledge
Total Pages: 393
Release: 2015-07-28
Genre: Business & Economics
ISBN: 1317483731
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Over the last thirty years Public Private Partnerships (PPPs) have been used to deliver transport capital projects and services. PPPs are complex arrangements that require a multi-disciplinary approach in order to assure their success, though research on the subject has been fragmented. This book fills the gap in existing literature by providing insight into these complex arrangements at their various stages of development. Public Private Partnerships in Transport: trends and theory is structured to follow the life-cycle of a PPP project and strikes a balance between theory and practice. Divided into four parts, each section highlights major concerns and offers and array of views and policy recommendations. Parts include context for national implementation, decision models, performance measures and efficiency standards. This book includes an expanded discussion on the findings presented, discussed and analysed at the closing event of the COST Action TU1001 network on the topic of PPPs in transport. The result will be of significant interest to the academic community, policy makers and practitioners.

Public–Private Partnerships for Infrastructure Development

Public–Private Partnerships for Infrastructure Development
Author: Raymond E. Levitt
Publisher: Edward Elgar Publishing
Total Pages: 360
Release: 2019
Genre: BUSINESS & ECONOMICS
ISBN: 1788973186
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Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.

Public-Private Partnerships

Public-Private Partnerships
Author: Stephen Osborne
Publisher: Routledge
Total Pages: 367
Release: 2000-11-23
Genre: Business & Economics
ISBN: 113461506X
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This book is the first to draw upon a range of disciplines to offer theoretical perspectives upon their analysis of public-private partnerships. It also offers a series of case-studies of their management from around the world.

Sharing Concerns

Sharing Concerns
Author: Cristina Neesham
Publisher: Cambridge Scholars Publishing
Total Pages: 138
Release: 2013-09-11
Genre: Political Science
ISBN: 1443852619
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This book draws together case analyses of public-private partnerships in four different countries: Australia, France, Romania and Spain. It represents research efforts conducted from December 2007 to November 2012, and it covers a wide range of experiences in planning and implementing public-private partnerships in countries that belong to two very different socio-economic regions: Europe and Australia. The study on Australia deals with key concepts and types of public-partnerships, as well as performance and evaluation issues. While the analysis on France focuses on water sanitation and public transport services, the research on Romania highlights water and infrastructure projects. Finally, the discussion of Spain emphasizes healthcare and network services. The study illustrates that public-private partnerships are very adaptable and can take an unexpected variety of forms in different industries, types of service, regions or legal frameworks. By suggesting new directions for future comparative research in this area, we hope that this collection of country case studies will stimulate useful and enlightened discussion of the field and encourage a greater focus on the importance of context in future discussions of public-private partnerships.

Public-private Policy Partnerships

Public-private Policy Partnerships
Author: Pauline Vaillancourt Rosenau
Publisher: MIT Press
Total Pages: 268
Release: 2000
Genre: Business & Economics
ISBN: 9780262681148
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The first book to evaluate public-private partnerships in a broad range of policy areas.

The State, Business and Education

The State, Business and Education
Author: Gita Steiner-Khamsi
Publisher: Edward Elgar Publishing
Total Pages: 207
Release: 2018-10-26
Genre: Business & Economics
ISBN: 1788970330
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Businesses, philanthropies and non-profit entities are increasingly successful in capturing public funds to support private provision of schooling in developed and developing countries. Coupled with market-based reforms that include weak regulation, control over workforces, standardization of processes and economies of scale, private provision of schooling is often seen to be convenient for both public authorities and businesses. This book examines how the public subsidization of these forms of private education affects quality, equality and the realization of human rights. With original research from leading experts, The State, Business and Educationsheds light on the privatization of education in fragile circumstances. It illustrates the ways in which private actors have expanded their involvement in education as a business, and shows the influence of policy borrowing on the spread of for-profit education. Case studies from Argentina, Bangladesh, Brazil, China, India and Syrian refugee camps illustrate the ways in which private actors have expanded their involvement in education as a business. This book will be of interest not only to academics and students of international and comparative education, but also to education development professionals in both the private and public sectors, with its empirical assessment of case studies, and careful consideration of the lessons to be learned from each. Contributors include: M. Avelar, J. Barkan, M. de Koning, A. Draxler, C. Fontdevila, S. Kamat, F. Menashy, M.C. Moschetti, E. Richardson, B. Schulte, C.A. Spreen, G. Steiner-Khamsi, A. Verger, Z. Zakharia, A. Zancajo

Public-Private Partnerships in the USA

Public-Private Partnerships in the USA
Author: Tony Wall
Publisher: Routledge
Total Pages: 146
Release: 2013-03-05
Genre: Business & Economics
ISBN: 1136681639
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Broadly, a Public-Private Partnership (or PPP) is any collaboration between the public and private sector, but research in the UK has tended to focus on those that have been used for major infrastructure projects, such as roads, schools, and hospitals. This book compares and contrasts PPP research in the UK with that of cases in the USA, including interviews with some of the key stakeholders (decision makers in the public sector, contractors, and users) of PPPs in North America, and observations of PPPs in action (such as schools and roads). No prior major studies have compared the UK and USA when it comes to the development and operation of PPPs, and this book fills a gap in the literature, addressing a number of key questions, including: Is the private sector viewed with less suspicion in the USA when it comes to projects that would normally fall under the aegis of the public sector? How do politics affect PPPs? How do key players in the PPP process define project success, determine the merits and drawbacks of the initiative, and deal with controversial elements of the scheme such as value for money and risk transfer? The result is a volume that offers practical advice for the future development of PPPs in the UK.