Download or read book Public Private Partnerships for Investment and Delivery of Affordable Housing in Emerging Market Economies written by Weltbank and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of the public sector in housing delivery in many developed economies evolved from government as builder in the post-War era in the 1950s when the government directly constructed and delivered housing to meet the daunting demand for housing, to government as enabler and regulator in the 1980s and 90s when governments retreated from direct provision but started to focus on facilitating the private sector to deliver housing effectively, and to assist the poorest segment of the population. The point of departure is the belief that housing is essentially a private good that is best provided by the market. Today, the government's role is therefore focused on Should read: (i) establishing the enabling environment for the private sector (including private individuals) to deliver housing; (ii) addressing the market failures; and (iii) avoiding and/or correcting government policy failures. However, challenges persist for low-income households to find affordable accommodation in locations that work for them. Such shortages of affordable housing are most pronounced in developing countries, which in recent decades have seen rapid urbanization and the proliferation of informal settlements, which are increasingly challenging for the public sector to address. As the private sector and public sector fail to provide adequate and affordable housing for the lower-end of the market segment at the pace and scale that is needed, governments have since the later 2000's repositioned themselves as partners, and increasingly as entrepreneurs, to catalyze - and reduce the risk for - the private sector's entry into the affordable housing markets.

Download or read book The Emerald Handbook of Public Private Partnerships in Developing and Emerging Economies written by João Leitão and published by Emerald Group Publishing. This book was released on 2017-12-07 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook aims to support policy-makers, national governments, national and regional public administrations, PPP officers, practitioners and academia in the design, implementation and assessment of appropriate responses to foster PPPs' uptake in the context of developing and emerging economies.

Download or read book Public private Partnerships in Housing and Urban Development written by Alexandra Moskalyk and published by UN-HABITAT. This book was released on 2011 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mastering the Risky Business of Public Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Public private Partnerships in Enabling Shelter Strategies written by and published by . This book was released on 1993 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Private Partnerships in Emerging Economies written by Augustine Edobor Arimoro and published by Routledge. This book was released on 2020-10-29 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the years, a shortage of funds has resulted in a huge deficit in government budgets for infrastructure, especially in developing economies. It is no longer feasible for governments to bear the entire burden of funding public infrastructure. Given that an inadequate supply of public infrastructure poses a challenge for the economic development of any country, partnerships with the private sector to fund public infrastructure procurement has started to be relied on as an alternative to traditional public procurement. Public-Private Partnerships are an arrangement that allow private entities to fund, design, manage and operate public infrastructure for a term in exchange for the payment of tolls by users or the government may well be the solution to the infrastructure crisis in many developing economies. This book examines the role of law in the adoption, implementation and regulation of Public-Private Partnership in selected developing economies including Brazil, India, Nigeria and South Africa to address how to deal with overlapping laws and how the law can protect assets invested in PPP in order to attract private sector interests in infrastructure financing in developing market, showing how law can be used to create, sustain and promote PPP frameworks that take into account local circumstances in developing economies.

Download or read book Public Private Partnership in Affordable Housing Comparing Current Practices in Jinhua China and New York City written by Wenqi (Hazel). Ni and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis aims to investigate the roles of public-private partnerships (PPP) in the affordable housing industry. This thesis examines the "Agent Construction System" (ACS) business model in affordable housing development in China, the Low-Income Housing Tax Credit (LIHTC) system for affordable housing in United States, and more specifically, the New York City Housing Authority's Permanent Affordability Commitment Together (NYCHA PACT) program to bring private partners into public housing in New York City. Conscious of the difference in the local social, political and economic environment, and hence the vast varieties in the practices of PPP in housing, the literature review will provide an overview of the concept of PPP in affordable housing, and its practice in different countries. Current literature includes discussion on the application of PPP in housing in cities including Kolkata, India, and Hong Kong, as well as broader discussions on such us in countries including Malaysia and Nigeria.

Download or read book The Role and Impact of Public private Partnerships in Education written by Harry Anthony Patrinos and published by World Bank Publications. This book was released on 2009-01-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book offers an overview of international examples, studies, and guidelines on how to create successful partnerships in education. PPPs can facilitate service delivery and lead to additional financing for the education sector as well as expanding equitable access and improving learning outcomes.

Download or read book Innovative Approach for the Development of Sustainable Settlements in East Africa written by Oscar Eugenio Bellini and published by Springer Nature. This book was released on 2022-11-19 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with sustainable affordable housing in developing countries, providing the main results of the BECOMe research project of the Politecnico di Milano. Sustainable, affordable housing in developing countries is increasingly important for African and international stakeholders, with massive urbanization processes involving many countries consuming large territories and natural resources minus any strategy of sustainability and social equality and without consideration of the long-term effects on the environment and subsequent generations. While the issue of affordable housing requires approaches adapted to the many specific African contexts, the case of Somalia seems representative of a fragile context characterized by the uncertainty of the social, political, and economic situations and the lack of common shared legislative references and strategies. The book aims to provide knowledge and propose a methodological framework developed from this particular situation that can serve as a template. On the basis of this main objective, the book deals with approaches and problems related to the creation of sustainable housing ecosystems, activating and boosting local enterprises and stimulating foreign investors to revamp the national AEC sector and related manufacturing industries, models for modular settlements, and business models and assessment methodologies useful for evaluating a set of appropriate technological solutions. Chapters 03 and 07 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Toward Better Infrastructure written by Riham Shendy and published by World Bank Publications. This book was released on 2011-07-05 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining innovative ways to address Africa’s infrastructure deficit is at the heart of this analysis. Africa’s infrastructure stock and quality is among the least developed in the world, a challenge that significantly hinders economic development. It is estimated that the finance required to raise infrastructure in Sub Saharan Africa (SSA) to a reasonable level within the next decade is at US$93 billion per year, with two-thirds of this amount needed for capital expenditures. With the existing spending on infrastructure being estimated at US$45 billion per annum and after accounting for potential efficiency gains that could amount to US$17 billion, Africa’s infrastructure funding gap remains around US$31 billion a year. One approach to address this challenge is by facilitating the increase of private provision of public infrastructure services through public-private partnerships (PPPs). This approach, which is a relatively new arrangement in SSA is multifaceted and requires strong consensus and collaboration across both public and private sectors. There are several defined models of PPPs. Each type differs in terms of government participation levels, risk allocations, investment responsibilities, operational requirements, and incentives for operators. Our definition of PPPs assumes transactions where the private sector retains a considerable portion of commercial and financial risks associated with a project. In more descriptive terms, among the elements defining the notion of PPPs discussed in this study are: a long-term contract between a public and private sector party; the design, construction, financing, and operation of public infrastructure by the private sector; payment over the life of the PPP contract to the private sector party for the services delivered from the asset; and the facility remaining in public ownership or reverting to public sector ownership at the end of the PPP contract. The observations and policy recommendations that follow draw on ongoing World Bank Group PPP engagements in these countries, including extensive consultations with key public and private sector stakeholders involved in designing, financing, and implementing PPPs. The study is structured around the most inhibiting constraints to developing PPPs, as shared by all six countries.

Download or read book Realizing the Potential of Public Private Partnerships to Advance Asia s Infrastructure Development written by Akash Deep and published by Asian Development Bank. This book was released on 2019-01-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication highlights how public–private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public–Private Partnership" of the Asian Development Outlook 2017 Update.

Download or read book Private Finance and Economic Development written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 2003 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Explores how various cities and regions in OECD countries are using the instruments they have available to draw private money into economic development" - page 11.

Download or read book Mobilizing private finance for local infrastructure in Europe and Central Asia written by Michel Noël and published by World Bank Publications. This book was released on 2004 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation "In recent years, the countries of the Europe and Central Asia (ECA) Region have experienced a marked decline in the interest of international private operators and investors in municipal infrastructure projects, in line with the trend experienced in other emerging markets. The objective of this paper is to explore the possible innovative elements of a Public-Private Partnership (PPP) in an effort to rekindle the sagging private finance interest in municipal infrastructure in the ECA Region. The contemplated PPP model would involve government, municipalities, Local Infrastructure Investment Trusts, private equity funds and/or turnaround advisors, and International Financial Institutions."

Download or read book The Role of Public Private Partnerships and the Third Sector in Conserving Heritage Buildings Sites and Historic Urban Areas written by Susan Macdonald and published by . This book was released on 2014-06-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Public Private Partnerships written by E. R. Yescombe and published by Elsevier. This book was released on 2011-04-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book How to Engage with the Private Sector in Public private Partnerships in Emerging Markets written by Edward Farquharson and published by World Bank Publications. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do governments establish successful long-term public-private partnerships (PPPs) in emerging PPP markets? How do they ensure that the public partner has the right information, on the right projects, for the right partners, at the right time? --