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Public economics --- Economic policy and planning (general) --- Infrastructure (Economics) --- Public-private sector cooperation. --- Risk assessment. --- Public contracts. --- Infrastructure (Economics). --- Public contracts --- Public-private sector cooperation --- Risk assessment --- Analysis, Risk --- Assessment, Risk --- Risk analysis --- Risk evaluation --- Evaluation --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Government contracts --- Municipal contracts --- Contracts --- Contracting out --- Capital, Social (Economics) --- Economic infrastructure --- Social capital (Economics) --- Social infrastructure --- Social overhead capital --- Economic development --- Human settlements --- Public goods --- Public works --- Capital --- Law and legislation --- Évaluation du risque --- Contrats administratifs --- Infrastructure (économie politique) --- Partenariat public-privé --- Évaluation du risque --- Infrastructure (économie politique) --- Partenariat public-privé
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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.
Business, Economy and Management --- Economics --- Infrastructure (Economics) --- Public-private sector cooperation. --- Risk assessment. --- Public contracts. --- Government contracts --- Municipal contracts --- Public contracts --- Contracts --- Contracting out --- Analysis, Risk --- Assessment, Risk --- Risk analysis --- Risk evaluation --- Evaluation --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Capital, Social (Economics) --- Economic infrastructure --- Social capital (Economics) --- Social infrastructure --- Social overhead capital --- Economic development --- Human settlements --- Public goods --- Public works --- Capital --- Law and legislation --- Public-private sector cooperation --- Risk assessment --- E-books
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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.
Infrastructure (Economics) --- Public-private sector cooperation. --- Risk assessment. --- Public contracts. --- Government contracts --- Municipal contracts --- Public contracts --- Contracts --- Contracting out --- Analysis, Risk --- Assessment, Risk --- Risk analysis --- Risk evaluation --- Evaluation --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Capital, Social (Economics) --- Economic infrastructure --- Social capital (Economics) --- Social infrastructure --- Social overhead capital --- Economic development --- Human settlements --- Public goods --- Public works --- Capital --- Law and legislation
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Public private partnerships (PPP) represent an approach to procuring infrastructure services that is radically different from traditional public procurement. It moves beyond the client-supplier relationship when government hires private companies to supply assets or a service. PPP is a partnership between public and private to achieve a solution, to deliver an infrastructure service over the long term. It combines the strength of the public sector's mandate to deliver services and its role as regulator and coordinator of public functions with the private sector's focus on profitability and therefore commercial efficiency. There is a tendency to approach reform of the PPP framework as a single action, generally delivered by external consultants in one massive report, with a few workshops and training sessions (in an effort to deliver the guidance in a more digestible form). Achieving a viable PPP framework involves a complex series of parallel, iterative initiatives, and efforts. It involves updating the different elements of the PPP framework discussed in this text as each new lesson is learned from PPP transactions as they are implemented and national best practice as it develops. Section one introduces the framework required to support PPP and provides a summary of the text. Sections two to six describes five key elements of the PPP framework and what the government can do to improve them.
Access to Finance --- Accounting --- Arbitration --- Bankruptcy --- Bankruptcy and Resolution of Financial Distress --- Bonds --- Capacity Building --- Capital Markets --- Collateral --- Commercial Banks --- Common Law --- Conflict of Interest --- Consumer Protection --- Contracts --- Currencies --- Debt --- Debt Management --- Debt Markets --- Developing Countries --- Discount Rate --- Due Diligence --- Economic Development --- Emerging Markets --- Equity --- Exchange Rates --- Expenditures --- Finance --- Finance and Financial Sector Development --- Financial Institutions --- Host Countries --- Information Technology --- Insurance --- Interest Rates --- Investment Banks --- Investment Climate --- Loans --- National Security --- Opportunity Cost --- Private Investment --- Private Sector Development --- Public Debt --- Public Finance --- Public Investment --- Purchasing Power --- Risk Management --- Securities --- Tariffs --- Taxes --- Telecommunications --- Transparency --- Treaties
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The water sector has long been identified as ripe for private sector investment. Prolonged neglect by the public sector has resulted in an urgent need for significant commitment of finance and management resources. International and non-governmental organisations have identified water as the next industry to experience substantial global expansion, with concomitant business opportunities. However, the development of private involvement in this sector has been slow; only recently has this state of affairs shown signs of improvement. The water sector provides an essential service and manages a vulnerable and valuable resource. Private sector involvement must therefore follow the principle of sustainable development, to combine the forces of economic growth with responsible resource management, equitable distribution of benefits and protection of people and the environment. This book provides a commercial, contractual and legal view of water projects on an international scale. It is a practical guide for use by public sector authorities considering private sector involvement, private sector investors considering entering or expanding in the water sector and lenders or investors interested in financing such projects. The context of this book is international, therefore it does not focus on any particular legal system, but rather legal concepts which will apply to most jurisdictions.
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Public private partnerships (PPP) represent an approach to procuring infrastructure services that is radically different from traditional public procurement. It moves beyond the client-supplier relationship when government hires private companies to supply assets or a service. PPP is a partnership between public and private to achieve a solution, to deliver an infrastructure service over the long term. It combines the strength of the public sector's mandate to deliver services and its role as regulator and coordinator of public functions with the private sector's focus on profitability and therefore commercial efficiency. There is a tendency to approach reform of the PPP framework as a single action, generally delivered by external consultants in one massive report, with a few workshops and training sessions (in an effort to deliver the guidance in a more digestible form). Achieving a viable PPP framework involves a complex series of parallel, iterative initiatives, and efforts. It involves updating the different elements of the PPP framework discussed in this text as each new lesson is learned from PPP transactions as they are implemented and national best practice as it develops. Section one introduces the framework required to support PPP and provides a summary of the text. Sections two to six describes five key elements of the PPP framework and what the government can do to improve them.
Access to Finance --- Accounting --- Arbitration --- Bankruptcy --- Bankruptcy and Resolution of Financial Distress --- Bonds --- Capacity Building --- Capital Markets --- Collateral --- Commercial Banks --- Common Law --- Conflict of Interest --- Consumer Protection --- Contracts --- Currencies --- Debt --- Debt Management --- Debt Markets --- Developing Countries --- Discount Rate --- Due Diligence --- Economic Development --- Emerging Markets --- Equity --- Exchange Rates --- Expenditures --- Finance --- Finance and Financial Sector Development --- Financial Institutions --- Host Countries --- Information Technology --- Insurance --- Interest Rates --- Investment Banks --- Investment Climate --- Loans --- National Security --- Opportunity Cost --- Private Investment --- Private Sector Development --- Public Debt --- Public Finance --- Public Investment --- Purchasing Power --- Risk Management --- Securities --- Tariffs --- Taxes --- Telecommunications --- Transparency --- Treaties
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This paper provides a methodology for categorizing public-private partnerships in infrastructure, based on the following key characteristics: whether the project involves new or existing business, the nature of the private sector's construction obligations, the need for the private sector to mobilize significant private funding ab initio, the nature of the private sector's service delivery obligations, and the source of the project revenue stream. The purpose of this methodology is to facilitate mapping, referencing, cross-comparison, analytical studies, and descriptions of public-private partnerships in infrastructure projects with similar key characteristics across sector, commercial, regional, and geopolitical lines. The methodology is tested against 15 case studies representing different infrastructure sectors, regional applications, and commercial approaches to public-private partnerships.
Access to Finance --- Bankruptcy and Resolution of Financial Distress --- Collection risk --- Communities and Human Settlements --- Debt Markets --- Deposit --- Equity --- Exchange --- Expenditure --- Finance --- Finance and Financial Sector Development --- Good --- Guarantees --- Housing & Human Habitats --- Infrastructure Economics and Finance --- International bank --- Investors --- Legal systems --- Lending --- Option --- Options --- Private finance --- Private Participation in Infrastructure --- Revenue --- Revenues --- Risk profile --- Tariff --- Tariffs
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