Author: E. R. Yescombe
Publisher: Elsevier
ISBN: 9780080489575
Category : Business & Economics
Languages : en
Pages : 368
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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: Amaral, António Manuel
Publisher: IGI Global
ISBN: 1799816168
Category : Transportation
Languages : en
Pages : 293
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Book Description
With the recent advancements and implementations of technology within the global community, various regions of the world have begun to transform. The idea of smart transportation and mobility is a specific field that has been implemented among countless areas around the world that are focused on intelligent and efficient environments. Despite its strong influence and potential, sustainable mobility still faces multiple demographic and environmental challenges. New perspectives, improvements, and solutions are needed in order to successfully apply efficient and sustainable transportation within populated environments. Implications of Mobility as a Service (MaaS) in Urban and Rural Environments: Emerging Research and Opportunities is a pivotal reference source that provides vital research on recent transportation improvements and the development of mobility systems in populated regions. While highlighting topics such as human-machine interaction, alternative vehicles, and sustainable development, this publication explores competitive solutions for transport efficiency as well as its impact on citizens’ quality of life. This book is ideally designed for researchers, environmentalists, civil engineers, architects, policymakers, strategists, academicians, and students seeking current research on mobility advancements in urban and rural areas across the globe.
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: Raymond E. Levitt
Publisher: Edward Elgar Publishing
ISBN: 1788973186
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 360
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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.
Author: Diego Monferrer Tirado
Publisher: Nova Science Publishers
ISBN: 9781685072926
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
"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"--
Author: Stephan Francois Jooste
Publisher: Stanford University
ISBN:
Category :
Languages : en
Pages : 157
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Book Description
The use of Public Private Partnerships (PPPs) for infrastructure development has received significant scholarly attention of late. Much of this attention emanates from a recognition of the challenges inherent in this move towards greater private participation in infrastructure delivery. Scholars agree that PPPs require new types of public sector capacity from governments in order to address these challenges. Unfortunately the locus and structure of this new capacity remain poorly understood. In this dissertation I propose that the need for this "PPP enabling capacity" has not been addressed by a reformation of public agents alone. Rather, a network of new "enabling organizations" (public, private and non-profit) has emerged in response to the emergent need for new capacity. Adopting the concept of "organization field" from institutional theory, I define this network of organizations as the "PPP-enabling field." I employ a qualitative case-based methodology to investigate the novel concept of the "PPP-enabling field" by looking at three leading cases of PPP-enabling fields: the Canadian province of British Columbia, the Australian state of Victoria, and South Africa. My analysis consists of three main parts. First, I examine these three fields in some detail. I identify differences in various field attributes, including the salient organizational actors, specific roles and responsibilities, dominant institutional logics (cognitive frames and ways of thinking) in the field, and the governance arrangements that guide action in the fields. Next, I turn to historical accounts of field formation in each of the three cases in an attempt to explain the reasons for the observed differences. Finally, I consider the impacts of these field differences on the overall "success" of PPP enablement in a region. To do this, I identify various measures of PPP program "success" and theorize about the linkages between PPP-enabling field characteristics and PPP program outcomes. This dissertation contributes to a more complete understanding of PPP-enablement by delineating, in some detail, contemporary forms of PPP-enabling fields. In this way I move beyond the normative approach that characterizes so much of the current literature on PPPs, to show how and why PPP-enabling fields emerge quite differently in different countries, and to propose functional and outcome implications of the field differences.
Author: Stephen Osborne
Publisher: Routledge
ISBN: 113461506X
Category : Business & Economics
Languages : en
Pages : 367
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Book Description
This book is the first to draw upon a range of disciplines to offer theoretical perspectives upon their analysis of public-private partnerships. It also offers a series of case-studies of their management from around the world.
Author: Sara Valaguzza
Publisher: Edward Elgar Publishing
ISBN: 1789903734
Category : Law
Languages : en
Pages : 256
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Book Description
This insightful book critically examines the phenomenon of public private partnerships through a global, theoretical, lens. It considers the reasons for merging private entities and public administration, as well as the processes and consequences of doing so. The benefits for the community as well as the radical changes in the principles and modalities of administrative activity are theorized and discussed.
Author: Joshua Newman
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773550011
Category : Political Science
Languages : en
Pages : 188
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Book Description
Governments around the world are clamouring to engage the private sector in order to build infrastructure and deliver public services. However, the role of the state in managing new relationships with companies is often murky. Is the government a slow and wasteful bureaucracy that must be held at bay or is it a necessary authority? Assessing the appropriate role for governments within these partnerships and the factors that lead to their success or failure, Governing Public-Private Partnerships delves into two examples of collaborative projects in urban transportation: Vancouver’s Canada Line and the Sydney Airport Rail Link. Through personal interviews with CEOs, senior bureaucrats, and politicians, Joshua Newman compares the strategies pursued by an active and shrewd provincial government in British Columbia with the more hands-off state government in New South Wales, Australia. By supporting networks of players in the transportation game, actively seeking lessons from international experience, and innovating responses to novel policy problems, the public sector was able to lead the Canada Line partnership to operational success. In Sydney, however, the unwillingness of the state government to manage the partnership resulted in a sluggish Airport Link that, after sixteen years in operation, still has not met its original expectations. At a time of renewed interest in private involvement with public services, Governing Public-Private Partnerships provides an in-depth look into how the state can – and must – remain involved.
Author: Philipp H. Pattberg
Publisher: Edward Elgar Publishing
ISBN: 1849809313
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
'The authors advance our understanding of the role of non-state actors in global governance. Not only do they empirically investigate the role of public–private – type 2 – partnerships systematically, they also critically consider their role in mitigating global governance deficits and their accountability in global governance.' – Peter M. Haas, University of Massachusetts Amherst, US The 2002 World Summit on Sustainable Development in Johannesburg is remembered mainly for the promotion of a novel form of global governance: the so-called 'partnerships for sustainable development'. This book provides a first authoritative assessment of partnerships for sustainable development, ten years after the Johannesburg Summit. The extensive research builds on a unique Global Sustainability Partnerships Database and a series of in-depth qualitative case studies. Key questions studied in this book include the overall effectiveness and influence of partnerships, their geographical, functional and organizational scope, and their legitimacy. This unique book systematically investigates the questions of emergence, influence and legitimacy, which will prove invaluable for scholars and students interested in global environmental governance and sustainability, public–private partnerships, sustainability at the UN level and environmental governance beyond international agreements and policies.
