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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.


Public Private Partnerships for Infrastructure and Business Development

Public Private Partnerships for Infrastructure and Business Development
Author: Stefano Caselli
Publisher: Springer
Total Pages: 384
Release: 2016-04-08
Genre: Business & Economics
ISBN: 1137541482

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Public-Private Partnerships for Infrastructure and Business Funding is ideal for scholars and practitioners who work in the field of public policy design and implementation, finance and banking, and economic development.


Public Investment and Public-Private Partnerships

Public Investment and Public-Private Partnerships
Author: G. Schwartz
Publisher: Springer
Total Pages: 306
Release: 2008-06-25
Genre: Business & Economics
ISBN: 0230593992

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There are now increasing concerns about the need to upgrade public infrastructure, improve the delivery of public services, and explore new options for partnering with the private sector. This book looks at ways of strengthening the efficiency of public investment and managing the fiscal risks of public-private partnerships.


Public-Private Partnership Projects in Infrastructure

Public-Private Partnership Projects in Infrastructure
Author: Jeffrey Delmon
Publisher: Cambridge University Press
Total Pages: 269
Release: 2017-10-12
Genre: Business & Economics
ISBN: 1108170870

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Infrastructural investment is critical to economic growth, quality of life, poverty reduction, access to education, health care, and the achievement of 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 can provide more efficient procurement, focus on consumer satisfaction and lifecycle 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 financing works, what contractual structures look like, and how 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. This second edition includes new sections on institutional frameworks, mechanisms for leveraging public financing, small scale PPP projects and more.


Public Private Partnerships

Public Private Partnerships
Author: Darrin Grimsey
Publisher: Edward Elgar Publishing
Total Pages: 284
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1845423437

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This path-breaking book considers the recent trend for governments to look increasingly to private sector finance, provided by private enterprises constructing and managing public infrastructure facilities in partnership with government bodies. 'The boundaries between the public and private sector are the most important political issue of our time.'


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.


Public-private Partnerships Policy and Practice

Public-private Partnerships Policy and Practice
Author: H. K. Yong
Publisher: Commonwealth Secretariat
Total Pages: 228
Release: 2010
Genre: Business & Economics
ISBN: 9781849290203

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Public-Private Partnerships Policy and Practice is a comprehensive reference guide on PPP theory and practice for senior policy-makers and other public sector officials in developing countries. The guide focuses on the key lessons learned - and emerging best practice - from successful and failed PPP transactions over the past thirty years. The guide avoids jargon and explains relevant concepts in non-specialist language. Key points are summarised at the beginning of each section and provide an overall high-level outline. References are provided throughout and at the end of each section to allow the reader to access further information on specific issues.


Public Private Partnerships

Public Private Partnerships
Author: Robert M. Clark
Publisher: Springer Nature
Total Pages: 311
Release: 2019-10-18
Genre: Law
ISBN: 3030246000

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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.


Handbook on Public Sector Efficiency

Handbook on Public Sector Efficiency
Author: António Afonso
Publisher: Edward Elgar Publishing
Total Pages: 459
Release: 2023-03-02
Genre: Political Science
ISBN: 1839109165

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Examining the increasingly relevant topic of public sector efficiency, this dynamic Handbook investigates the context of constrained fiscal space and public funding sources using cross-country datasets in areas including China, India and sub-Saharan Africa and OECD economies.


The Economics of Public-Private Partnerships

The Economics of Public-Private Partnerships
Author: Eduardo Engel
Publisher: Cambridge University Press
Total Pages: 193
Release: 2014-09-15
Genre: Business & Economics
ISBN: 1107035910

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The authors provide a summary of the main lessons learned from the past twenty-five years regarding public-private partnerships.