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 written by E. R. Yescombe and published by Elsevier. This book was released on 2011-04-01 with total page 368 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 Public Private Partnerships written by Stephen Osborne and published by Routledge. This book was released on 2000-11-23 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private partnerships are an increasing aspect of the delivery of public policies and services across the world. This book is the first to draw upon a range of disciplines to offer theoretical perspectives upon their analysis as well as a range of case-studies of their management from around the world. It also offers a number of frameworks fo

Download or read book Public Private Partnerships in the USA written by Tony Wall and published by Routledge. This book was released on 2013-03-05 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Successful Public private Partnerships from Principles to Practices written by Stephen B. Friedman and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a time of diminished resources, the public sector is facing new challenges - ranging from meeting the needs of aging baby boomers and the massive millennial generation to coping with a national infrastructure deficit to fostering economic competitiveness. Addressing these challenges requires a collaborative effort by the public and private sectors to use the skills and resources of each to shape and carry out developments that respond to these challenges. As a result, public private partnerships (PPPs) in development, infrastructure, and public facilities are ever more essential. This book will arm public and private sector representatives with an understanding of the obstacles and opportunities inherent in PPPs, as well as provide a toolkit of best practices and lessons learned for the creation of effective PPPs.

Download or read book Public Private Partnerships for Infrastructure written by E. R. Yescombe and published by Butterworth-Heinemann. This book was released on 2018-05-29 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Critical Reflections on Public Private Partnerships written by Jasmine Gideon and published by Routledge. This book was released on 2020-12-21 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that despite the hype within many policy circles, there is actually very little evidence to support the presumed benefits of Public Private Partnerships (PPPs) in reducing poverty and addressing inequalities in the provision of and access to public services. Taking a cross-sectoral comparative approach, this book investigates how PPPs have played out in practice, and what the implications have been for inequalities. Drawing on a range of empirical case studies in education, healthcare, housing and water, the book picks apart the roles of PPPs as financing mechanisms in several international and national contexts and considers the similarities and differences between sectors. The global COVID-19 pandemic has raised significant questions about the future of social provision and through its analysis of the emergence and expansion of the role of PPPs, the book also makes a vital contribution to current discussion over this rapidly changing landscape. Overall, this wide-ranging guide to understanding and evaluating the role of PPPs in the Global South will be useful to researchers within development, international relations, economics, and related fields, as well as to policy makers and practitioners working in development-related policy.

Download or read book Public Private Partnerships Trends Perspectives and Opportunities written by Diego Monferrer Tirado and published by Nova Science Publishers. This book was released on 2021 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the context of the economic crisis, governments are under increased pressure to find quick answers to hard questions about maintaining public services and funding infrastructure. Public-Private Partnership (PPP) can be used to describe a wide variety of arrangements involving the public and private sectors working together in some way. The key elements for a PPP project are long-term contract; design construction, financing and operation of public infrastructure by the private sector party; payments over the lifetime of the project to the private sector party for the use of the facility made either by the public sector party or by the general public as users of the facility; and facility remaining in the public sector ownership or reverting to public sector ownership at the end of the PPP contract. In this book we go through this concept by analyzing not only the opportunities in that field but also the trends and new perspectives. Therefore, this book captures the results of some of the recent research that is being carried out on public-private cooperation"--

Download or read book The Public private Partnership in Action written by Leonard Lund and published by . This book was released on 1979 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rethinking Public Private Partnerships written by Carsten Greve and published by Routledge. This book was released on 2013-05-07 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis hit the world in a remarkable way in late 2008. Many governments and private sector organizations, who had considered Public-Private Partnerships (PPPs) to be their future, were forced to rethink their strategy in the wake of the crisis, as a lot of the available private funding upon which PPPs relied, was suddenly no longer available to the same extent. At the same time, governments and international organizations, like the European Union, were striving to make closer partnerships between the public sector and the private sector economy a hallmark for future policy initiatives. This book examines PPPs in the context of turbulent times following the global financial crisis (GFC). PPPs can come in many forms, and the book sets out to distinguish between the many alternative views of partnerships; a project, a policy, a symbol of the role of the private sector in a mixed economy, or a governance tool - all within a particular cultural and historical context. This book is about rethinking PPPs in the wake of the financial crisis and aims to give a clearer picture of the kind of conceptual frameworks that researchers might employ to now study PPPs. The crisis took much of the glamour out of PPPs, but theoretical advances have been made by researchers in a number of areas and this book examines selected new research approaches to the study of PPPs.

Download or read book Public Private Partnerships in Transitional Nations written by Nada Kakabadse and published by Cambridge Scholars Publishing. This book was released on 2017-06-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection examines public-private partnerships (PPPs) in transitional nations from the governance perspective. It explores the structures, legal frameworks and collaborative arrangements that underpin partnerships in Europe, Asia and Africa, and highlights government decisions that facilitate the transformation of societal challenges into developmental opportunities. By sharing the experience of nine nations, including China, Indonesia, Russia and Nigeria, it helps to better understand the commonalities in PPP deployment, avoid mistakes and pitfalls, and learn from other economies. The book raises the critical questions that concern many governments, including: What are the common and frequent mistakes that governments make when they deploy partnerships and deal with governance issues? How can countries increase PPPs’ benefits? Can PPPs be instrumental in accomplishing certain less traditional government tasks, such as disaster risk management of built infrastructure and promotion of clean energy? Can PPPs serve as a backbone of entrepreneurial networks and contribute to sustainable development? The groundwork is laid out for contrasting and comparing successful and unsuccessful government actions, institutional, legal and financing initiatives and procedures, allowing one to make cross-country and cross-sectoral comparisons. Policy-makers, consultants, managers and others working in the PPP field will find this volume useful, as well as academics, as they can learn from the international comparisons and the experience of others.

Download or read book International Handbook on Public Private Partnership written by Graeme A. Hodge and published by Edward Elgar Publishing. This book was released on 2010-11-30 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.

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 Public Private Partnerships in Health Care in India written by A. Venkat Raman and published by Routledge. This book was released on 2008-11-19 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines how the private sector in developing countries, specifically India, is tapped to deliver health care services to poor and underserved sections of population, through collaborative arrangements with the government.

Download or read book Public Private Partnerships for Infrastructure Development written by Raymond E. Levitt and published by Edward Elgar Publishing. This book was released on 2019 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Public private Partnerships for Public Health written by Michael Reich and published by . This book was released on 2002 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do organizations with different values, interests, and worldviews come together to resolve critical public health issues? How are shared objectives and shared values created within a partnership? How are relationships of trust fostered and sustained in the face of the inevitable conflicts, uncertainties, and risks of partnership?".

Download or read book Public private Partnership written by Committee for Economic Development. Research and Policy Committee and published by Committee for Economic. This book was released on 1982 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this era of constrained resources, the public and private sectors must join forces to revitalize their local urban communities. Public-private partnership means cooperation among individuals and organizations in the public and private sectors for mutual benefit. Such cooperation has two dimensions--the policy dimension and the operational dimension. The policy dimension involves a process that produces consensus on community goals, agreement on institutional roles, and sustained support for action. In the operational dimension, cooperation can take any of the following general forms: private initiative for public benefit, government initiative to facilitate or encourage private activity in the public interest, and joint ventures by government and private organizations. Three areas of urban life that can benefit from, and in some instances may require, partnership efforts are the local economy, neighborhoods, and community services. Because the social and economic conditions of the community have a direct effect on the bottom-line interest of business, businesses must take direct and effective action to improve these conditions. While it is true that external forces over which a community has no control do effect its potential for local partnerships, local communities nevertheless have both substantial latitude to determine and principal responsibility for their own future. (MN).