This document introduces public-private partnerships (PPPs) and provides definitions and key characteristics. PPPs engage both public and private sectors to ensure social obligations are met through infrastructure projects. Governments are motivated to pursue PPPs to attract private capital investment, increase efficiency, and reform sectors by reallocating roles and incentives. Effective PPPs allocate tasks, risks, and obligations optimally between public and private partners based on their respective advantages. PPPs have been used in sectors like power, water, transportation and more worldwide.
Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
International Trade Laws: International Contracts of Sale of Goods Transactions, International Trade Insurance,
Patents, Trademarks, Copyright and Neighboring Rights. Intellectual property Rights, Dispute settlement
Procedures under GATT & WTO, Payment systems in International Trade, International Labour Organization and
International Labour Laws.
Public private partnership refers to an association between a Government agency and a private-sector organization that intend to complete a project for public welfare. This relationship is basically used to finance, build and purpose projects like public transportation systems, conference centers and parks. Aiming for a project to be accomplished on priority or may be sooner can be allowed in the association with public private partnerships.
Private Finance Initiative (PFI) changes model of funding for large-scale investment projects
First launched in 1992 by a Conservative government and was extended heavily by the Labour government of 1997-2010.
By 2011, more than 700 hospitals, schools, prisons and other public sector projects had been built under the PFI scheme
Encourages private investors manage the design, build, finance and operation of public infrastructure such as new schools, hospitals, social housing, defence contracts, prisons and road improvements.
Typical PFI contract repaid by government over 30 year period
Public Private Partnership in Civil Engineeringvivatechijri
This report majorly focuses on the principles of Public Private Partnership (PPP), its different forms and their suitability as a possible procurement route to be used for the development of road sector in a developing country like India. The report also critically analyse the viability of Private Finance Initiative (PFI) and basic procurement routes for road projects. The report recommends the most suitable types of PPP for the new and maintenance project.
PUBLIC PRIVATE PARTNERSHIPS ARE MOSTLY PURSUIED TO SATISFY THE INFRASTRUCTURAL NEEDS OF A COUNTRY, REGION OR A CITY . PPP Is an instrument for infrastructure development AND HAS BASIC TENETS AND PRINCIPLES UNDERLYING ITS SUCCESSFUL IMPLEMENTATION.
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International Trade Laws: International Contracts of Sale of Goods Transactions, International Trade Insurance,
Patents, Trademarks, Copyright and Neighboring Rights. Intellectual property Rights, Dispute settlement
Procedures under GATT & WTO, Payment systems in International Trade, International Labour Organization and
International Labour Laws.
Public private partnership refers to an association between a Government agency and a private-sector organization that intend to complete a project for public welfare. This relationship is basically used to finance, build and purpose projects like public transportation systems, conference centers and parks. Aiming for a project to be accomplished on priority or may be sooner can be allowed in the association with public private partnerships.
Private Finance Initiative (PFI) changes model of funding for large-scale investment projects
First launched in 1992 by a Conservative government and was extended heavily by the Labour government of 1997-2010.
By 2011, more than 700 hospitals, schools, prisons and other public sector projects had been built under the PFI scheme
Encourages private investors manage the design, build, finance and operation of public infrastructure such as new schools, hospitals, social housing, defence contracts, prisons and road improvements.
Typical PFI contract repaid by government over 30 year period
Public Private Partnership in Civil Engineeringvivatechijri
This report majorly focuses on the principles of Public Private Partnership (PPP), its different forms and their suitability as a possible procurement route to be used for the development of road sector in a developing country like India. The report also critically analyse the viability of Private Finance Initiative (PFI) and basic procurement routes for road projects. The report recommends the most suitable types of PPP for the new and maintenance project.
PUBLIC PRIVATE PARTNERSHIPS ARE MOSTLY PURSUIED TO SATISFY THE INFRASTRUCTURAL NEEDS OF A COUNTRY, REGION OR A CITY . PPP Is an instrument for infrastructure development AND HAS BASIC TENETS AND PRINCIPLES UNDERLYING ITS SUCCESSFUL IMPLEMENTATION.
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Most of India’s cities are overcrowded already and projections indicate that even more rapid urbanization is on the way. This report prepared by Booz & Co. for the Confederation of Indian Industry in 2010, sets a path for a system of “Intelligent Urbanization” - a model for inclusive growth that is socially equitable, economically viable and environmentally sustainable
Public Private Partnership: Specific Characteristics in Different Sectors SilvaSuvahRaisa
This slide provides information about public private partnership (PPP) and specific characteristics of PPP in different sectors. Public Private Partnership is the relationship between government and private sector entities in the context of infrastructure and other development services. At present, it is a popular method to provide quality service to citizens. As government have not enough money to provide better service and develop infrastructure, partnership with private entities help government in these regards. As private sections are financially strong, they can help government to develop infrastructure and provide service according to citizen demands.
PPP possessed several features in different sectors such as transport, power supply, education, health and so on. Each sectors has unique features. This slides contains all required information.
Transport Sectors:
Public-private partnerships (“PPPs”) can be an effective way to build and implement new infrastructure or to renovate, operate, maintain or manage existing transport infrastructure facilities. In both areas PPPs can be a mutually beneficial way to solve critical transportation problems.
Transportation infrastructure (airports, ports, rail, roads, urban transport) is indispensable to sustainable socio-economic development and trade. They link peoples and regions and connect firms to markets. Efficient transportation infrastructure is a major contributor to enhanced productivity.
PPPs provide a useful avenue for governments to access additional capital as well as technical expertise in the private sector to meet the very substantial demand from their populations for new and expanded transportation infrastructure in the coming decades.
Fiber optic:
The project company lays the fiber optic cables to link key demand centre and sells access to various telecommunication operators and internet service provider. Where new build residential development contemplated, PPP project can provide the full range video, audio, and telecommunication service from fixed line telephone service to broadband video streaming.
Issues—
Property
Access
Power Generation sectors:
The public sector alone cannot respond to the enormous investment needed to meet the growing demand for electricity. Bringing in the private sector through the use of public-private partnerships (PPPs) allows governments to share the burden of financing and management. The government must set clear limits in market power of distribution utilities while allowing competition in the generation segment with the establishment of a market for energy.
Issues:
Regulations
Planning and strategy
Health Sectors:
Public-Private Partnerships (PPP) in health sector services can be described as a long-term contract (typically 15-30 years) between a public-sector authority and one or more private sector companies.
In Bangladesh, private sector health financing includes household expenditures, private nursing home investments and drug fund.
PPPs are a legitimate funding tool for development and should be embraced by governments globally. However, it should be remembered that governments need to recognize that attracting PPP investment requires an extensive marketing process that highlights their PPP readiness, including institutional capacity to manage PPP projects, the existence of an enabling environment, transparent procurement processes, and a comprehensive risk management structure.
With the increase in public debt, 100% privately funded initiatives are now re-emerging yet experience had shown earlier that early successes of privatization programs were short lived and led later to bailouts / subsidy by Governments. PPP,s are likely to remain a better way to allocate the risks based on each entity’s ability to manage , mitigate and absorb risks. This brief highlights various aspects of PPP’s in terms of explaining the various PPP’s models and PPP’s transactions types, fiscal risks in PPP’s, PPP’s best practices and how to create an enabling PPP Environment. Major MENA PPP’s projects preview of is highlighted.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
Kajang Municipality intends to redevelop the stadium into an Innovative Research Park. The park is intended to take advantage of a number of universities and research centres in Kajang area to turn the municipality into centre for innovative, high value added industries. However the administration is in no position to fund the proposed project. You are required to propose a viable solution to ensure the success of the project. Explain the responsibility of all parties involved in the project, project component, the benefit of your proposal and the problem that might occur in the future.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Putting the SPARK into Virtual Training.pptxCynthia Clay
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
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1. 1 Public–Private Partnerships
(PPPs)—An Overview
This chapter introduces the concept of the public–private partnerships or PPPs, as well as
its key characteristics and rationale.
1.1 Defining Public–Private Partnerships
The term “public–private partnership” describes a range of possible relationships among
public and private entities in the context of infrastructure and other services. Other terms
used for this type of activity include private sector participation (PSP) and privatization. While
the three terms have often been used interchangeably, there are differences:
• PPPs present a framework that—while engaging the private sector—acknowledge and
structure the role for government in ensuring that social obligations are met and suc-
cessful sector reforms and public investments achieved.
A strong PPP allocates the tasks, obligations, and risks among the public and private
partners in an optimal way. The public partners in a PPP are government entities,
including ministries, departments, municipalities, or state-owned enterprises. The
private partners can be local or international and may include businesses or investors
with technical or financial expertise relevant to the project. Increasingly, PPPs may also
include nongovernment organizations (NGOs) and/or community-based organizations
(CBOs) who represent stakeholders directly affected by the project.
Effective PPPs recognize that the public and the private sectors each have certain advan-
tages, relative to the other, in performing specific tasks. The government’s contribution
to a PPP may take the form of capital for investment (available through tax revenue), a
transfer of assets, or other commitments or in-kind contributions that support the part-
nership. The government also provides social responsibility, environmental awareness,
local knowledge, and an ability to mobilize political support. The private sector’s role in
the partnership is to make use of its expertise in commerce, management, operations,
and innovation to run the business efficiently. The private partner may also contribute
investment capital depending on the form of contract.
The structure of the partnership should be designed to allocate risks to the partners
who are best able to manage those risks and thus minimize costs while improving
performance.
2. Public–Private Partnership Handbook
• PSP is a term often used interchangeably with PPPs. However, PSP contracts transfer
obligations to the private sector rather than emphasizing the opportunity for partner-
ship. In the mid to the late 1990s, there was a slowdown in public–private contracting
in infrastructure sectors, which was largely precipitated by a social backlash against
the perceived preference for the private sector over the public sector in delivering in-
frastructure services in developing countries. To some degree, the social backlash was
rooted in confusion between PSP and privatization. Some PSP schemes were overly
ambitious and the social agenda was overlooked, leading to legitimate public concerns.
The critical analysis of PSP experience has led to the design of a new generation of
transactions, which are now more commonly known as PPPs.
• Privatization involves the sale of shares or ownership in a company or the sale of oper-
ating assets or services owned by the public sector. Privatization is most common and
more widely accepted in sectors that are not traditionally considered public services, such
as manufacturing, construction, etc. When privatization occurs in the infrastructure or
utilities sectors, it is usually accompanied by sector-specific regulatory arrangements to
take account of social and policy concerns related to the sale, and continuing operation
of assets used for public services.
Sectors in which PPPs have been completed worldwide include:
• power generation and distribution,
• water and sanitation,
• refuse disposal,
• pipelines,
• hospitals,
• school buildings and teaching facilities,
• stadiums,
• air traffic control,
• prisons,
• railways,
• roads,
• billing and other information technology systems, and
• housing.
3. Public–Private Partnerships (PPPs)—An Overview
Introduction
1.2 Motivation for Engaging in PPPs
The three main needs that motivate governments to enter into PPPs for infrastructure are:
1. to attract private capital investment (often to either supplement public resources or
release them for other public needs);
. to increase efficiency and use available resources more effectively; and
. to reform sectors through a reallocation of roles, incentives, and accountability.
Each of these is discussed below.
1.2.1 Mobilization of Private Capital
Governments face an ever-increasing need to find sufficient financing to develop and maintain
infrastructure required to support growing populations. Governments are challenged by the
demands of increasing urbanization, the rehabilitation requirements of aging infrastructure,
the need to expand networks to new populations, and the goal of reaching previously unserved
or underserved areas. Furthermore, infrastructure services are often provided at an operating
deficit, which is covered only through subsidies, thus constituting an additional drain on public
resources.
Combined with most governments’ limited financial capacity, these pressures drive a desire to
mobilize private sector capital for infrastructure investment. Structured correctly, a PPP may
be able to mobilize previously untapped resources from the local, regional, or international
private sector which is seeking investment opportunities.
The goal of the private sector in entering into a PPP is to profit from its capacity and experi-
ence in managing businesses (utilities in particular). The private sector seeks compensation
for its services through fees for services rendered, resulting in an appropriate return on
capital invested.
1.2.2 PPP as a Tool for Greater Efficiency
The efficient use of scarce public resources is a critical challenge for governments—and one in
which many governments fall far short of goals. The reason is that the public sector typically
has few or no incentives for efficiency structured into its organization and processes and is
thus poorly positioned to efficiently build and operate infrastructure. Injecting such incen-
tives into an entrenched public sector is difficult, though not impossible, as Singapore has
demonstrated by developing a government-wide dedication to efficiency while maintaining
many critical services within the public domain.
4. Public–Private Partnership Handbook
In 005, investment commitments to private infrastructure projects in low- and mid-
dle-income countries grew by over 0% against 00 to almost $96 billion.
Figure 1: Investment Commitments in Infrastructure Projects with Private
Participation in Developing Countries by Sector, 1990–2005
US$ billion
10
Total
100
80
Telecom
60
0
Energy
0
Transport
Water
0
1990 1995 000 001 00 00 00 005
The World Bank estimates that about 70% of infrastructure investment currently comes from the public sector,
8% from official development assistance, and % from the private sector.
Source: http://ppi.worldbank.org/features/sept006/currentFeatureSept006.pdf
Private sector operators, however, enter into an investment or contracting opportunity
with the clear goal of maximizing profits, which are generated, in large part, by increased
efficiency in investment and operations. If the PPP is structured to let the operator pursue
this goal, the efficiency of the infrastructure services will likely be enhanced. Improving
the efficiency of services and operations also increases the chances that those services are
economically sustainable and provided at affordable rates—even after satisfying the profit
requirements of the private operators.
PPP allows the government to pass operational roles to efficient private sector operators while
retaining and improving focus on core public sector responsibilities, such as regulation and
supervision. Properly implemented, this approach should result in a lower aggregate cash
outlay for the government, and better and cheaper service to the consumer. This should hold
true even if the government continues to bear part of the investment or operational cost
since government’s cost obligation is likely to be targeted, limited, and structured within a
rational overall financing strategy.
5. Public–Private Partnerships (PPPs)—An Overview
Introduction 5
1.2.3 PPP as a Catalyst for Broader Sector Reform
Governments sometimes see PPP as a catalyst to provoke the larger discussion of and com-
mitment to a sector reform agenda, of which PPPs are only one component. A key issue
is always the restructuring and clarifying of roles within a sector. Specifically, there is a
requirement to reexamine and reallocate the roles of policy maker, regulator, and service
provider, particularly to mobilize capital and achieve efficiency, as outlined above. A reform
program that includes PPP provides an opportunity to reconsider the assignment of sector
roles to remove any potential conflicts and to consider a private entity as a possible sector
participant.
Implementing a specific PPP transaction often forces concrete reform steps to support the
new allocation of sector roles such as the passage of laws and establishment of separate
regulatory bodies. In essence, re-examination of the regulatory and policy arrangements is
critical to the success of a PPP project.