Public-private partnership projects in infrastructure an essential guide for policy makers
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 he...
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| Format: | eBook |
| Language: | English |
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Cambridge
Cambridge University Press
2017
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| Edition: | Second edition |
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| Online Access: | |
| Collection: | Cambridge Books Online - Collection details see MPG.ReNa |
Table of Contents:
- Table of contents
- Acknowledgments
- About the author
- Introduction
- Fundamentals of ppp
- Categorizing ppp
- Ppp can be costly and slow; why bother?
- Ppp programmes and institutions
- Ppp and financing
- Who are the key actors in ppp?
- Ppp frameworks
- Setting and implementing the ppp legal framework
- Coordination of ppp program
- Specialized ppp agency
- Project team
- Fiscal suppor
- Communication strategy
- Project selection
- Project preparatio
- Demonstration projects
- Preparation of good practice contracts and bid documents
- Value for money
- Approval process
- Key legal constraint
- Public support
- The fundamentals of public support
- Purposes for public support
- Funded instruments
- Contingent support
- Managing government liabilities
- Coping with crises
- Preparing, procuring and implementing transactions
- Inception/ pre-feasibility/ preliminary viability study/ outline business case
- Viability/feasibility study/full business case
- Direct negotiations and unsolicited proposals
- Pre-qualification
- Bid
- Single bids
- Preferred bidder
- Financing ppp and the fundamentals of project finance
- Sources of financing
- Project finance
- What the government can do to improve the financial climate
- Local currency finance
- Sources of long-term, local currency funding
- Possible government interventions
- Using an intermediary
- Sample intermediaries
- Allocation of risk
- Political risk
- Legal and regulatory risk
- Completion risk
- Performance risk
- Operation risk
- Financing risk
- Currency risk
- Offtake risk
- Environmental and social
- Risk allocation and mitigation
- Risk, efficient risk allocation and risk noise
- The contractual structure
- Concession agreement
- Offtake purchase agreement
- Input supply agreement
- Construction contract
- Operation and maintenance (o&m) agreement
- Lending agreements
- Hedging arrangements
- Intercreditor arrangements
- Insurance arrangements
- Guarantees and credit enhancement
- Sponsor support
- Shareholding arrangements
- Other key contractual issues
- Project implementation
- Operation manual
- Management team
- Financial close
- Construction, commissioning and performance monitoring
- Regulatory
- Tariff changes
- Refinancing
- Selling down equity
- Renegotiation
- Step-in
- Conflict management and dispute resolution
- Expiry, termination and handover
- Sector and specific project issues
- Transportation
- Telecommunications and fiber optic backbone
- Power generation
- Retail distribution of water and sanitation services
- Health and education
- Small scale ppp
- Leveraging additional benefits
- Aggregate key messages for policy makers
- Glossary
- Select readings
- Index