Download or read book An Integrated Framework Approach for PPP Projects in Egypt written by Nada Sherin Mohy El Din and published by . This book was released on 2017 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Public-Private Partnership (PPP) projects have been growing over the last decade in Egypt, with an increasing popularity and interest in the participation of different entities in similar projects. Since the government is not considered the only provider for public infrastructure systems, the private sector is now contributing to providing such services. However, not all PPP projects have been equally successful or have been utilized in the best way through planning and decision. PPP projects require full consideration of all the factors, adequate structuring and the correct adoption of such factors. Failure in the consideration of all factors that complete the life cycle of PPPs may lead to the failure of the project. An integrated approach within a framework is required in order for the PPP projects to succeed. Limited research has presented an integrated framework approach for the adoption of PPPs. The framework for PPP projects should be conducted both simultaneously and iteratively for the project to succeed. The objective of this study is to assist the government in the front end process of a PPP project, while contributing to the general understanding and filling some gaps in the research and study of such projects. This can be achieved by depicting an integrated framework approach for government adoption of PPP projects through three steps; the technical structure of the project, developing a financial model and finally, designing the procurement strategy of the PPP project. These three steps are the pillars that indicate the success or failure of a PPP project. These three pillars are then subdivided into a series of steps that form the integrated framework approach. Each pillar has a methodology that is followed by an application on a case study, and a validation exercise. The first pillar is the first step in the initial assessment of a PPP project. The technical structuring of the project includes structuring of the contractual terms and managing of risks. It is concluded that the termination term is one of the most important clauses in a PPP contract. In addition, financing risk is a risk that affects the affordability and the bankability of a PPP project, and it is allocated to the government. The second step in the initial assessment of a PPP project is the development of the public sector comparator. The second pillar is the financial modeling of a PPP project. A financial model template is developed, applied, and validated on a case study. The results reveal that the template is running properly and all financial formulas and equations are correct. Following the financial model development, a value for money assessment process is conducted on a case study both quantitatively and qualitatively. The risk-adjusted net present costs are calculated at different discount rates (10%, 11%, 12%, 13%, and 14%) for the public sector comparator and PPP option. The final pillar is a qualitative assessment of the procurement activities of PPP projects. According to law 67 that regulates PPP activities, the results show that single bid may be accepted if other qualified bidders have failed technically and it appears that the bid was made in the bidder’s belief under competition. Due to the complexity and long concession periods of PPP projects, technical offers shall have higher weight than financial offers. According to common practice, technical offers usually weigh 70% while financial offers weigh 30%. The concept of structuring a procurement process is further examined and validated by a case study.

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 Risk Analysis and Contract Management for Public Private Partnership Projects in Egypt written by Yosr Badran and published by . This book was released on 2013 with total page 650 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In the light of the current political and economic conditions in Egypt, Public Private Partnership projects appear as an effective solution in order to help the government in enhancing its infrastructure, utilities and services using the technical skills and capabilities of the private partner. Although Public Private Partnerships are used all over the world, they can be of particular importance in developing countries which seek a quick and effective in improving its projects. Accordingly, Public Private Partnerships started to be used in Egypt and there are several projects under study for future implementation. The two key success factors for PPP projects are a proper risk allocation and a suitable contract so that the risks are adequately covered and are properly assigned to the party who is the best at managing them. In this research, the top 59 risk factors that affect PPP projects are identified from the Literature Review and are grouped into several critical risk groups and included in a questionnaire which is distributed among a number of experts (25 experts) who worked internationally and in the Egyptian Market. The results of the survey showed that the top 26 risks are from the following groups: Financial and Macroeconomic risk group, Commercial risk group, Legal risk group, Political risk group, Regulatory risk group, Government maturity risk group, Technical risk group, Production risk group, and Unforeseen risk group. An attempt for mapping the identified risks and the risk allocation identified in the survey is done to contract clauses of two PPP projects contracts where the risk allocation is defined clearly in the clause (public private or both). In some cases, the risk allocation according to the survey results was perfectly conforming to the risk allocation according to the real case contracts such as in the case of the Performance Security risk, the Permits risk, the Unforeseen Geotechnical conditions risk and the Latent Defect risk. In other cases, the risk allocation according to the survey results was not conforming to the risk allocation according to the real case contracts such as in the case of Nationalization/expropriation risk and the Government Corruption risk. In addition, a prototype for Risk Decision Support System for the top ranked risks in the survey was developed using Crystal Ball software in order to determine the overall severity and the overall contingency percentage of the project. Finally the top risks are compared to the critical risks obtained from the previous studies in China, India and Singapore and the top risks identified were conforming to a great extent.

Download or read book Arab Republic of Egypt Technical Assistance Report Improving Surveillance of Public Private Partnerships written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-25 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report summarizes key findings and recommendations of two off-site visits made by Mr. Benoit Wiest, Public Financial Management Advisor at METAC, and Ms. Katja Funke, Expert, between December 2020 and April 2021. The mission worked with the Public-Private Partnerships (PPPs) unit to develop capacities and transparency of fiscal risk management, and support the update of the regulatory framework, as well as the analysis of fiscal risks from PPPs.

Download or read book Public Private Partnership Contracts written by Mohamed AM Ismail and published by Routledge. This book was released on 2020-03-18 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of the law surrounding PPPs in the Middle East and North African region. The significance of liberalised and integrated Public Private Partnership Contracts as an essential component of the world legal and policy order is well documented. The regulation of PPPs is justified economically to allow for competition in the relevant public service and to achieve price transparency, thus resulting in significant savings for the public sector. In parallel to the economic justifications, legal imperatives have also called for the regulation of PPPs in order to allow free movement of goods and services and to prohibit discrimination on grounds of nationality. The need for competitiveness and transparency in delivering public services through PPPs is considered a safeguard to achieve international standards in delivering public utility services. First, it assesses the compatibility of the current PPPs legislation and regulation in the MENA region with the international standards of legislation and regulation prevalent in many other countries, including the UK, France and Brazil. Secondly, it compares the practices in the MENA region with those of international bodies such as the OECD and World Bank. Comparisons are then made between the MENA countries and those in Europe and Asia with regard to the influence of culture, policy and legal globalization. The book will be of interest to scholars and students in the field of international contract law, public law and state contracts, finance law and private law.

Download or read book Infrastructure Projects in Egypt written by Mohamed Bahgat Moussa and published by . This book was released on 2018 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The funding of large-scale high-risk infrastructure projects is of growing importance in Egypt. The Government of Egypt (GoE) partners with several International Financial Institutions (IFIs) to secure the funding of infrastructure projects that are essential to supporting sustainable development. The World Bank is one of the largest IFIs that support infrastructure projects in Egypt. The World Bank Group is formed of the International Finance Corporation (IFC), International Centre for Settlement of Investment Disputes (ICSID), Multilateral Investment Guarantee Agency (MIGA), the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The IBRD and the IDA form “The World Bank”. The Bank provides three main financing instruments, namely Development Policy Finance (DPF), Investment Project Finance (IPF), and the relatively recently proposed Program-for-Results (P-for-R). The latter two are currently used to support an array of infrastructure projects dispersed in a variety of developing nations. The aim of this research is to compare between IPF and P-for-R funding mechanisms and to propose a framework for the selection of the best-suited instrument for any given infrastructure project in Egypt. Structured interviews are conducted with 21 international experts working on World Bank financed projects in Egypt in order to identify the criteria for the optimum selection of finance methods, risks associated with different infrastructure projects, and which instrument better addresses each of these risks. It was found that IPF better addresses risks related to Technical Design and Implementation, while P-for-R is better suited for Institutional Capacity and Sector Strategy risks. The outcome of the interviews and the existing literature are analyzed to develop a 4-step framework for the selection of the optimum finance instrument. The developed framework includes a logistic regression model that matches the risk profile of a given project with the most appropriate instrument. Finally, the framework is applied on two case studies in Egypt in order to assess its validity. The first case study, the SRSSP is a sanitation program funded through P-for-R which was confirmed by the devised framework to be the better–suited tool for the nature of the project. The performance of SRSSP was compared to the performance of 2 very similar projects that were funded through IPF and it was verified that the performance of the P-for-R funded SRSSP is more satisfactory. The framework as then applied on another case study which is the GNPP. The GNPP is an IPF project which also matches the output of the framework and its performance has been assessed as satisfactory by the World Bank. It was concluded that the output of developed framework is valid and it can effectively support the selection of the best-suited funding instrument for a given infrastructure project in Egypt.

Download or read book Public private Partnership Programs written by Jeffrey Delmon and published by Kluwer Law International. This book was released on 2013-11-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction -- Legal framework -- Institutional framework -- Procuring and implementing PPP transactions -- Using public support for PPP projects -- Local currency finance

Download or read book International Best Practices of Public Private Partnership written by Robert Osei-Kyei and published by Springer Nature. This book was released on 2021-02-09 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Arab Republic of Egypt written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2024-04-02 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report finds that Egypt has implemented important improvements in climate-aware planning and coordination across the public sector, and some initial steps to reflect climate change issues in appraisal and selection of investment projects, but that significant work remains. So far there has been limited progress in ensuring that budgeting, portfolio management and fiscal risk management is climate sensitive. In addition, many of the weaknesses in the overall framework for public investment described in a separate report, also undermine the capacities for climate-sensitive public investment management. The mission makes three main recommendations to address current weaknesses and further improve the climate change awareness of public investment management: 1) Integrate national climate strategies and objectives for both climate change adaptation and mitigation in national, sectoral, construction and spatial planning processes; 2) Reflect climate change considerations in project selection, budgeting, and portfolio management decisions; 3) Strengthen management of climate-related fiscal risks.

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 OECD Investment Policy Reviews Egypt 2020 written by OECD and published by OECD Publishing. This book was released on 2020-07-08 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review uses the OECD Policy Framework for Investment to provide an assessment of the investment climate in Egypt and to discuss the challenges and opportunities faced by the government of Egypt in its reform efforts.

Download or read book Public Private Partnerships written by Akintola Akintoye and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Private Partnership is a key issue in the construction industry – causing much concern among contractors, funders and facility managers. Demand has been building for a thorough analysis ... This edited book will familiarise both researchers and construction professionals working with public private partnerships (PPP) with the issues involved in the planning, implementation and day-to-day management of public private projects. It will show how current risk management methods can help the complex process of managing procurement via such partnerships. The chapters - most authored by a practitioner/academic partnership - are organised round the concepts of best value and use the findings of a major research project investigating Risk Assessment and Management in Private Finance Initiative Projects. The analysis of this research will be supplemented with contributions by leading international experts from Hong Kong, Australia and Singapore, covering hospitals, schools, waste management and housing - to exemplify best practice in PPP-based procurement.

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 Attracting Investors to African Public private Partnerships written by and published by World Bank Publications. This book was released on 2009 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: at African public sector officials who are concerned about the delivery of infrastructure projects and services through partnership with the private sector, as well as staff in donor institutions who are looking to support PPP programs at the country-level." --Book Jacket.

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 2011-01-14 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this guide is to enhance the chances of effective partnerships being developed between the public and the private-sector by addressing one of the main obstacles to effective PPP project delivery: having the right information on the right projects for the right partners at the right time.

Download or read book Public Private Partnership Projects in Infrastructure written by Jeffrey Delmon and published by Cambridge University Press. This book was released on 2011-01-31 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, healthcare, and achieving many of the goals of a robust economy. But infrastructure is difficult for the public sector to get right. Public-private partnerships (PPPs) can help; they provide more efficient procurement, focus on consumer satisfaction and life cycle maintenance, and provide new sources of investment, in particular through limited recourse debt. But PPPs present challenges of their own. This book provides a practical guide to PPPs for policy makers and strategists, showing how governments can enable and encourage PPPs, providing a step-by-step analysis of the development of PPP projects, and explaining how PPP financing works, what PPP contractual structures look like, and how PPP risk allocation works in practice. It includes specific discussion of each infrastructure sector, with a focus on the strategic and policy issues essential for successful development of infrastructure through PPPs.

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.