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Vol 21 No 10 Oct/Nov 2016

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Public-Private Partnership Projects in Infrastructure: An Essential Guide for Policy Makers


ISBN13: 9780521152280
Published: March 2011
Publisher: Cambridge University Press
Country of Publication: UK
Format: Paperback
Price: £20.99



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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.

Subjects:
Construction Law, Banking and Finance
Contents:
1. Introduction
2. Project selection and preparation
3. Financing PPP and the fundamentals of project finance
4. Allocation of risk
5. The contractual structure
6. Project implementation
7. Specific characteristics of PPP in different sectors
8. Financial and economic crises
Aggregate key messages for policy makers
Glossary
Select readings.