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Author: Esther Cheung
Publisher:
ISBN: 9781138233744
Category : Construction projects
Languages : en
Pages : 0
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Book Description
Over the last ten years public private partnerships have become ever more popular worldwide, expanding the body of experience among construction professionals, government agencies, and industry. In these economically challenging times, PPP has emerged as a crucial framework for providing infrastructure, and also to boost construction industry activity, while shielding the taxpayer from some of the cost. Understanding the lessons learnt is essential to ensuring the success of future projects, and this timely book will prepare the reader to do just that. Starting by defining PPP itself, part one is designed to help the novice to get to grips with the basics of this topic. Part two tackles the practicalities of PPPs, including successful implementation, managing the risks involved, and how to assess the suitability of a project for the PPP route. Part three presents detailed case studies from Asia, Africa, and Australia to illustrate how PPPs should be managed, how problems emerge, and how PPPs can differ across the world. Drawing on extensive internationally conducted research, from both industry and academia, the authors have written the essential PPP guide. Taking into consideration the perspectives of those in the public sector and the private sector, as well as built environment professionals, it is essential reading for anyone preparing to work on public private partnerships in construction.
Author: Esther Cheung
Publisher:
ISBN: 9781138233744
Category : Construction projects
Languages : en
Pages : 0
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Book Description
Over the last ten years public private partnerships have become ever more popular worldwide, expanding the body of experience among construction professionals, government agencies, and industry. In these economically challenging times, PPP has emerged as a crucial framework for providing infrastructure, and also to boost construction industry activity, while shielding the taxpayer from some of the cost. Understanding the lessons learnt is essential to ensuring the success of future projects, and this timely book will prepare the reader to do just that. Starting by defining PPP itself, part one is designed to help the novice to get to grips with the basics of this topic. Part two tackles the practicalities of PPPs, including successful implementation, managing the risks involved, and how to assess the suitability of a project for the PPP route. Part three presents detailed case studies from Asia, Africa, and Australia to illustrate how PPPs should be managed, how problems emerge, and how PPPs can differ across the world. Drawing on extensive internationally conducted research, from both industry and academia, the authors have written the essential PPP guide. Taking into consideration the perspectives of those in the public sector and the private sector, as well as built environment professionals, it is essential reading for anyone preparing to work on public private partnerships in construction.
Author: Duncan Cartlidge
Publisher: Routledge
ISBN: 1134224958
Category : Architecture
Languages : en
Pages : 264
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Book Description
Collaborative working and partnering between the public and private sectors has been fairly standard practice in some form or other for over 100 years, but it is only in recent years that it has become more prevalent. In the UK, it is little more than ten years since the most widely known Public Private Partnership (PPP), the Private Finance Initiative (PFI), was launched and yet it has already been described by some as 'the new economic paradigm.' Public Private Partnerships in Construction is an authoritative and objective source of information on PPPs, including lessons to be learnt from the past decade, as well as coverage of their spread beyond the UK to governments in areas as diverse as Cambodia and California. With its detailed presentation of current issues, illustrated with case studies, this book provides a valuable practical resource for a range of students and professionals.
Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
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.
Author: Robert M. Clark
Publisher: Springer
ISBN: 9783030246020
Category : Law
Languages : en
Pages : 302
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Book Description
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.
Author: Geert Dewulf
Publisher: John Wiley & Sons
ISBN: 1119968283
Category : Technology & Engineering
Languages : en
Pages : 226
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Book Description
Managing PPP projects is not a routine job, as every PPP project is different and should be managed accordingly. These projects require considerable capability and skills from both public sector and private sector managers involved, Strategic Issues in Public Private Partnerships, Second Edition, delivers the insight and tools necessary to assist those managers. As Public private partnership (PPP) arrangements become an increasingly popular way for national governments to fund and develop public infrastructure and urban areas with private sector contributions, a better understanding of the risks involved is crucial. The second edition of Strategic Issues in Public Private Partnerships : Provides an international overview of the application of concessions - the most common form of PPP [eg PFI (Private Finance Initiative); BO(O)T (Build/Own/Operate/Transfer) or DBFMO (Design/Build/Finance/ Maintain/Operate)]. Focusses on the introduction of concessions and the problems encountered, the solutions found for these problems, and the different approaches to concessions chosen across different countries. Provides a strategic overview for those involved in setting up and managing PPP projects. Illustrates lessons from different national backgrounds and gives managers the insight and tools to manage PPP projects effectively. Essential reading for Contractors & funding organizations involved in PPP projects as well as Researchers in construction management and public administration.
Author: Akintola Akintoye
Publisher: Routledge
ISBN: 131741537X
Category : Technology & Engineering
Languages : en
Pages : 433
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Book Description
This timely new book provides an international perspective on Public Private Partnerships. Through 21 case studies, it investigates the existing and fast developing body of principles and practices from a wide range of countries and is the first book to bring together leading international academics and practitioners under a common framework that enables convenient cross-country comparisons. The authors focus on the impact of the financial crisis has had on how governments have reviewed and overhauled their PPP policies as they have examined or tested new ways of partnering more effectively, efficiently and sustainably with the private sector. Readers will be able to gauge the level of maturity of PPP development in the book’s case studies, understand similarities and differences in their practices, and gain useful insights into the regulatory framework and institutional infrastructure in place to support implementation of PPP. Finally, the book offers insights into the future challenges and opportunities that PPP offers stakeholders.
Author: Akintola Akintoye
Publisher: John Wiley & Sons
ISBN: 0470680431
Category : Technology & Engineering
Languages : en
Pages : 448
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Book Description
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.
Author: Robert Osei-Kyei
Publisher: Springer Nature
ISBN: 9813362685
Category : Political Science
Languages : en
Pages : 183
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Book Description
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.
Author: E. R. Yescombe
Publisher: Elsevier
ISBN: 0080489575
Category : Business & Economics
Languages : en
Pages : 357
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Book Description
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
Author: Raymond E. Levitt
Publisher: Edward Elgar Publishing
ISBN: 1788973186
Category : Electronic books
Languages : en
Pages : 357
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Book Description
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.
