The Logic of Public Private Partnerships

The Logic of Public   Private Partnerships

This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy.

Author: Graeme A. Hodge

Publisher: Edward Elgar Publishing

ISBN: 9781784716691

Category: BUSINESS & ECONOMICS

Page: 304

View: 741

This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.
Categories: BUSINESS & ECONOMICS

Public Private Partnerships

Public Private Partnerships

This book describes the wide variety of public-private partnerships in highways and transit, but focuses on the two types of highway PPPs that are generating the most debate: the leasing by the public sector to the private sector of ...

Author: Leslie R. Kellerman

Publisher: Nova Science Pub Incorporated

ISBN: NWU:35556036981009

Category: Business & Economics

Page: 153

View: 452

Growing demands on the transportation system and constraints on public resources have led to calls for more private sector involvement in the provision of highway and transit infrastructure through what are known as "public-private partnerships" (PPPs). A PPP, broadly defined, is any arrangement whereby the private sector assumes more responsibility than is traditional for infrastructure planning, financing, design, construction, operation, and maintenance. This book describes the wide variety of public-private partnerships in highways and transit, but focuses on the two types of highway PPPs that are generating the most debate: the leasing by the public sector to the private sector of existing infrastructure; and the building, leasing, and owning of new infrastructure by private entities. PPP proponents argue that, in addition to being the best hope for injecting additional resources into the surface freight and passenger transportation systems for upkeep and expansion, private sector involvement potentially reduces costs, project delivery time, and public sector risk, and may also improve project selection and project quality. Detractors, on the other hand, argue that the potential for PPPs is limited, and that, unless carefully regulated, PPPs will disrupt the operation of the surface transportation network, increase driving and other costs for the travelling public, and subvert the public planning process. Some of the specific issues raised in highway operation and costs include the effects of PPPs on trucking, low-income households, and traffic diversion. Issues raised in transportation planning include non-compete provisions in PPP agreements, unsolicited proposals, lease duration, and foreign control of transportation assets. On the question of new resources, the evidence suggests that there is significant private funding available for investment in surface transportation infrastructure, but that it is unlikely to amount to more than 10% of the ongoing needs of highways over the next 20 years or so, if that, and probably a much smaller share of transit needs. With competing demands for public funds, there is also a concern that private funding will substitute for public resources with no net gain in transportation infrastructure. The effect of PPPs on the planning and operation of the transportation system is a more open question because of the numerous forms they can take, and because they are dependent on the detailed agreements negotiated between the public and private partners. For this reason, some have suggested that the federal government needs to more systematically identify and evaluate the public interest, particularly the national public interest, in projects that employ a PPP. Three broad policy options Congress might consider in how to deal with PPPs in federal transportation programs and regulations are discussed in this book. The first option is to continue with the current policy of incremental changes and experimentation in program incentives and regulation. Second is to actively encourage PPPs with program incentives, but with relatively tight regulatory controls. Third is to aggressively encourage the use of PPPs through program incentives and limited, if any, regulation.
Categories: Business & Economics

The Economics of Public Private Partnerships

The Economics of Public Private Partnerships

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

Author: Eduardo Engel

Publisher: Cambridge University Press

ISBN: 9781107035911

Category: Business & Economics

Page: 194

View: 144

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

Public Private Partnerships for Infrastructure and Business Development

Public Private Partnerships for Infrastructure and Business Development

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.

Author: Stefano Caselli

Publisher: Springer

ISBN: 9781137541482

Category: Business & Economics

Page: 384

View: 137

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.
Categories: Business & Economics

The Economics of Public Private Partnerships

The Economics of Public Private Partnerships

This book investigates the economic decisions behind the implementation of public-private partnerships (PPPs).

Author: Stéphane Saussier

Publisher: Springer

ISBN: 9783319680507

Category: Business & Economics

Page: 240

View: 633

This book investigates the economic decisions behind the implementation of public-private partnerships (PPPs). The first part of the book discusses different forms of public procurement contracts, in particular in France and the UK, and provides an economic analysis of the potential advantages and pitfalls of public-private partnerships. This exploration of PPPs’ efficiency also includes an examination of the financing conditions of public procurements, as well as regulatory requirements. By reviewing empirical studies on PPPs, the second part of the book compares their advantages over purely public solutions and offers practical guidance on their implementation. Practitioners will also learn best practices on how to involve stakeholders in calls for bids.
Categories: Business & Economics

Public Private Partnerships

Public Private Partnerships

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 ...

Author: Darrin Grimsey

Publisher: Edward Elgar Publishing

ISBN: 9781845423438

Category: Business & Economics

Page: 288

View: 210

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.'
Categories: Business & Economics

Public Private Partnership Projects in Infrastructure

Public Private Partnership Projects in Infrastructure

Guides policy makers through implementation of public-private partnerships, legal frameworks, institutional arrangements, and mobilizing public and private finance.

Author: Jeffrey Delmon

Publisher: Cambridge University Press

ISBN: 9781107194830

Category: Business & Economics

Page: 256

View: 787

Guides policy makers through implementation of public-private partnerships, legal frameworks, institutional arrangements, and mobilizing public and private finance.
Categories: Business & Economics

Strategic Issues in Public Private Partnerships

Strategic Issues in Public Private Partnerships

The book provides an international overview of developments in public-private partnerships (PPP) in different countries, and addresses the various characteristics and approaches to PPP.

Author: Mirjam Bult-Spiering

Publisher: John Wiley & Sons

ISBN: 9781405173322

Category: Technology & Engineering

Page: 216

View: 232

The book provides an international overview of developments in public-private partnerships (PPP) in different countries, and addresses the various characteristics and approaches to PPP. Drawing on a number of international studies carried out by the authors, the book describes the rationale behind various PPP approaches, looks at the process aspects and dynamics of PPPs and aims to stimulate a more strategic discussion of PPP.
Categories: Technology & Engineering

Attracting Investors to African Public private Partnerships

Attracting Investors to African Public private Partnerships

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 ...

Author:

Publisher: World Bank Publications

ISBN: 9780821377314

Category: Political Science

Page: 111

View: 663

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.
Categories: Political Science

Public Private Partnerships in Sub Saharan Africa

Public Private Partnerships in Sub Saharan Africa

The purpose of this book is to summarize and consolidate what this critical mass of evidence-based research indicates about PPPs in low-income countries, and thereby develop a more realistic perspective on the practical value of these ...

Author: James Leigland

Publisher: Oxford University Press

ISBN: 9780192606341

Category: Business & Economics

Page: 336

View: 923

Expectations are high regarding the potential benefits of public-private partnerships (PPPs) for infrastructure development in low-income countries. The development community, led by the G20, the United Nations, and others, expects these partnerships between goverments and private companies in infrastructure service provision to aid "transformational" mega-projects, as well as efforts to achieve the Sustainable Development Goals. Yet PPPs have been widely used only since the 1990s, and discussion of their efficacy is still dominated by best-practice guidance, academic studies that focus on developed countries, or ideological criticism. Meanwhile, practitioners have quietly accumulated a large body of empirical evidence on the actual performance of PPPs. The purpose of this book is to summarize and consolidate what this critical mass of evidence-based research indicates about PPPs in low-income countries, and thereby develop a more realistic perspective on the practical value of these mechanisms. With a primary focus on Sub-Saharan Africa, though drawing on critical insights from other regions, it demonstrates that the benefits of such partnerships will only be realised if expectations remain modest and projects are subject to transparent evaluation and competition.
Categories: Business & Economics

The Routledge Companion to Public private Partnerships

The Routledge Companion to Public private Partnerships

The Routledge Companion to Public-Private Partnerships provides a cutting-edge survey of the field.

Author: Piet de Vries

Publisher: Routledge

ISBN: 9780415781992

Category: Business & Economics

Page: 496

View: 329

A public-private partnership (PPP) is a contractual arrangement with appropriate risk sharing between public and private partners for the delivery of public infrastructure or services, which is intended to create value-for-money to the taxpayer. The Routledge Companion to Public-Private Partnerships provides a cutting-edge survey of the field. PPPs remain a highly controversial subject matter globally and this comprehensive and authoritative volume provides a terrific compendium of information for students and scholars charged with understanding, critiquing and advancing this model. With sections devoted to legal aspects, institutional economics perspectives, finance and accountability - the editors draw together an impressive range of contributors from around the world.
Categories: Business & Economics

Making Public Private Partnerships Work

Making Public Private Partnerships Work

Michael Geddes' Making Public Private Partnerships Work offers a highly pragmatic guide to the processes behind multi sector partnerships including the skills of championing and managing the partnership internally, the organizational ...

Author: Michael Geddes

Publisher: Gower Publishing, Ltd.

ISBN: 056608645X

Category: Business & Economics

Page: 137

View: 979

Michael Geddes' Making Public Private Partnerships Work offers a highly pragmatic guide to the processes behind multi sector partnerships including the skills of championing and managing the partnership internally, the organizational structure that underpins most successful partnerships, how to resource and staff the partnership, assuring accountability and good governance and how to manage and communicate the performance of any partnership.
Categories: Business & Economics

Land Conservation Through Public Private Partnerships

Land Conservation Through Public Private Partnerships

Today, rarely is a significant land acquisition accomplished without at least one private- and one public-sector participant. This book provides a detailed, inside look at those public- private partnerships.

Author: Eve Endicott

Publisher: Island Press

ISBN: 1610913493

Category: Architecture

Page: 377

View: 500

Today, rarely is a significant land acquisition accomplished without at least one private- and one public-sector participant. This book provides a detailed, inside look at those public- private partnerships.
Categories: Architecture

Public Private Partnerships and Constitutional Law

Public Private Partnerships and Constitutional Law

This book explores the controversial subject of the public accountability of these contracts, and the corresponding large sums of public money involved.

Author: Nikiforos Meletiadis

Publisher: Routledge

ISBN: 9780429821806

Category: Business & Economics

Page: 220

View: 841

Annually, the government commits significant expenditure to a type of public contracts which are known as Public-Private Partnerships (PPPs) or the Private Finance Initiative (PFI). These contracts bind the public purse for decades in sectors such as Health, Defence and Detention, and involve the assignment of a significant role to the private sector in the provision of public services. This book explores the controversial subject of the public accountability of these contracts, and the corresponding large sums of public money involved. It explains how public accountability works for PPPs and the PFI, and it argues that it should be provided as part of the Economic Constitution. Drawing comparative understandings from the UK and the USA constitutional legal traditions, the book investigates public accountability from the perspective of the Economic Constitution, focusing on three accountability criteria - legal, accounting and administrative. In doing so, it provides an analysis which informs both from the perspective of academic research and from that of legal and consulting practice.
Categories: Business & Economics

Public private Policy Partnerships

Public private Policy Partnerships

The first book to evaluate public-private partnerships in a broad range of policy areas.

Author: Pauline Vaillancourt Rosenau

Publisher: MIT Press

ISBN: 0262681145

Category: Business & Economics

Page: 256

View: 916

The first book to evaluate public-private partnerships in a broad range of policy areas.
Categories: Business & Economics

Public Private Partnerships

Public Private Partnerships

Public private partnerships are a key element in the Government's strategy for delivering modern, high quality public services and promoting the UK's competitiveness.

Author: Great Britain. Treasury

Publisher: Stationery Office Books (TSO)

ISBN: 0115600760

Category: Mixed economy

Page: 49

View: 343

This text lays out the Government's approach on Private Public Finance Initiatives and positions them as the cornerstone of their modernization programme for Great Britain and the vehicle for providing better quality public services.
Categories: Mixed economy

Public Private Partnerships

Public Private Partnerships

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 ...

Author: E. R. Yescombe

Publisher: Elsevier

ISBN: 0080489575

Category: Business & Economics

Page: 368

View: 467

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
Categories: Business & Economics

Public Private Partnerships

Public Private Partnerships

This timely new book provides an international perspective on Public Private Partnerships.

Author: Akintola Akintoye

Publisher: Routledge

ISBN: 9781317415374

Category: Technology & Engineering

Page: 432

View: 140

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.
Categories: Technology & Engineering

The Cambridge Handbook of Public Private Partnerships Intellectual Property Governance and Sustainable Development

The Cambridge Handbook of Public Private Partnerships  Intellectual Property Governance  and Sustainable Development

Linking the governance of intellectual property to the SDGs, this is the first book to chart the activities of PPPs at this important nexus.

Author: Margaret Chon

Publisher: Cambridge University Press

ISBN: 9781316811993

Category: Law

Page:

View: 722

Public-private partnerships (PPPs) play an increasingly prominent role in addressing global development challenges. United Nations agencies and other organizations are relying on PPPs to improve global health, facilitate access to scientific information, and encourage the diffusion of climate change technologies. For this reason, the 2030 Agenda for Sustainable Development highlights their centrality in the implementation of the Sustainable Development Goals (SDGs). At the same time, the intellectual property dimensions and implications of these efforts remain under-examined. Through selective case studies, this illuminating work contributes to a better understanding of the relationships between PPPs and intellectual property considered within a global knowledge governance framework, including innovation, capacity-building, technological learning, and diffusion. Linking the governance of intellectual property to the SDGs, this is the first book to chart the activities of PPPs at this important nexus.
Categories: Law

Public Private Partnerships A Public Economics Perspective

Public Private Partnerships  A Public Economics Perspective

Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector.

Author: Efraim Sadka

Publisher: International Monetary Fund

ISBN:

Category: Budget deficits

Page: 27

View: 141

Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the world. It may be quite plausible that such arrangements were initially an attempt to evade expenditure controls and hide public budget deficits. But if they are properly designed and transparently reported, PPPs can enhance the efficiency of the provision of services that were formerly supplied solely by the public sector. This paper provides a public economics perspective on PPPs.
Categories: Budget deficits