Public Private Partnerships (original) (raw)
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PPP Is One of the Key Tools to Underpin and Reinforce for an Economic Development
Technical Proceeding for Annual Technical Session of IQSSL 2018, 2018
Investment in infrastructure is a key to economic growth, poverty reduction, quality of life and, access to healthcare and education, and helps in achieving many of the goals of a robust economy. Generally, all developing countries have been limited in the area of infrastructure development because of they are trying to uphold other core functions such as agriculture, industries and service. Therefore, governments all over the world have sought for the involvement of private sector in the delivery of public services, which were traditionally within the domain of public authorities. Thus, this paper tries to emphasise that PPP is one of key tools to underpin and reinforce for an economic development.
Springer eBooks, 2017
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Public-Private Partnerships (PPP) in the Philippines: Issues and Prospects
In the Philippines, Local Government Units (LGUs) are working to change the administration and functioning of public markets, and the study looked at how well these LGUs were internalizing the basic ideals of New Public administration (NPM). The study evaluated the effectiveness of PPP/BOT Public Markets in resolving the enduring issues with public markets in the Philippines using Public Private Partnership (PPP) as a framework of NPM for infrastructure development and service delivery. It questioned whether PPP had made public markets run more efficiently as a reform tool. Five of the nation's first PPP public markets, including the Mandaluyong Public Market in Mandaluyong City, the Carmen and Cogon Public Markets in Cagayan de Oro City, the Suki Market in Quezon City, and the Bocaue Public Market in Bocaue, Bulacan, were reviewed to support the evaluation. As performance indicators, it looked at management and organization, the range of facilities and services, LGU revenue income and expenditures, vendor income from the market, and client satisfaction with the caliber of the facilities and services. Case studies, content analyses, ocular inspections, and interviews with city and municipal administrators, market administrators, market vendors, and officials of market vendors organizations were some of the combined research approaches used to gather the study's data. The study shows that while PPP has improved the performance of public markets during the early years of operation, these gains and all advances were not sustained by the LGUs when management and operation of public markets were turned over to them from the private project proponent-operators. The study argued that to sustain public-private partnerships in the operation of the public market, it is imperative to institutionalize reforms in the structure, processes, mindsets of the leaders, and stakeholders. The institutionalization of NPM's core values can be carried out effectively through localization of PPP as a policy so that the necessary legal and institutional frameworks for PPP will be anchored based on the need, strength, and weaknesses of the LGU concerned.
Is public–private partnership obsolete? Assessing the obstacles and shortcomings of PPP
RePEc: Research Papers in Economics, 2013
Public-Private Partnership has been high on the agenda of public decision makers since the 1990's. Primarily a contractual approach to the delivery of infrastructures, goods and services traditionally provided by the public sector or by private operators submitted to tight regulation, PPP is also a very special contractual practice as it seeks to introduce market-type relationships in a context in which non-market forces play a major role. An important consequence is the overlapping of decision rights as well as property rights, which exposes PPP to a double alignment problem, organizational and institutional. Away from the ideological controversies about the legitimacy of PPP in provisioning public goods, this chapter focuses on problems rooted in the very nature of PPPs and the actual design of their supportive contracts, as well as in the institutions in which they are embedded and that define the capacity to implement and monitor these arrangements properly. 1 Previous versions of this paper were presented at conferences and seminars in Delft (TU), Lausanne (EPFL), Singapore (NUS), Paris (Sorbonne). I am indebted to participants for their comments and to the co-editors (Piet de Vries and Etienne Yehoue) for their help and supportive suggestions. Nicholas Sowels helped polishing the paper. The usual disclaimer fully applies.
Public-Private Partnerships (PPP) is an investment partnership between the state and the private sector to share the benefit and the responsibility according to the level of his or her contribution where one party of the venture lacks something, and look for another partner to fulfil what it lacks. PPP is a cooperative venture between the public and private sectors built on the expertise of each partner that best meets clearly defined public needs through the appropriate allocation of resources, risk and rewards, long-term contractual cooperation, defines demanded performances; where the public partner is the one that defines the PPP. PPP are not about the privatisation of public assets. Under the public private partnership, the public partner retains a substantial role in project or service and retains ownership of the assets. The PPP has been under implementation for many years at a small level stage of partnership between the public and private sector. Because of the major shift of thinking in public administration predominantly a 'paradigm shift' from the traditional public administration to the NPM since early 1980's, PPP become a widely accepted and popular instrument of the public service delivery. The implementations of PPP have so many advantages for both the Public /State and to the private firms. Four projects are reviewed here in the annex-South Africa and Mozambique signed a 30-year concession for a private consortium, Trans African Concessions, to build and operate the N4 toll road of 504 km; the Mozambican national ports and rails authority with a private consortium led by the British Mersey Docks and Harbour Company; Uganda transformed its telecommunications sector through a process of unbundling, liberalisation, privatisation and regulation to three major players in the telecommunications market and Water Provision in the Dolphin Coast/ILembe District Municipality. The lessons learned point to that it is critical to ensure that all stakeholders are consulted before a decision is made to procure a project as a PPP, that the market is scanned for PPP and implement an internationally standard competitive and transparent procurement strategy. The state needs to undertake a due diligence under an inclusive feasibility study to ensure that correct fiduciary choices are made on PPP decisions, where a public sector comparator valuation is undertaken to ensure that adequate comparative public policy analyses is undertaken to delineate its utility. Key words: Public-Private Partnerships (PPP), States, Private Sector, Capital, Technology, Management know how
Demystifying Issues Regarding Public Private Partnerships (PPP).
Journal of Economics and Sustainable Development, 2016
Public-private sector collaboration is an evolving concept which takes many forms around the world, and it is essentially an arrangement by which private entrepreneurs provide support for the provision of public infrastructure. This study explored the collaborative framework of the public-private partnership (PPP) as a change process, highlighted basic characteristics, benefits, key principles of PPPs and its success path; it also clarify the structure, process and delivery system of joint-venture (JV) PPPs and the concession PPPs; while also identifying categories of projects that can benefit from the use of the PPP. It revealed successful attempts by central governments in financing new infrastructure projects through private sector participation due to the paucity of funds while facilitating innovation in infrastructure development. Joint-ventures PPPs which involves the incorporation of a company where the public actor is both the regulator and a shareholder in the joint operating company; it also involves the sharing of the attendant revenues, benefits/loss, and costs but despite been of local value is described as the true PPP. Concession PPP, however, is of national value and involves the transfer of risks to parties most suitable in managing it but the project financing is the sole responsibility of the private actor.
Success and failure mechanisms of public private partnerships (PPPs) in developing countries
International Journal of Public Sector Management, 2004
The concept of public private partnerships (PPPs) has attracted worldwide attention and acquired a new resonance in the context of developing countries. PPPs are increasingly heralded as an innovative policy tool for remedying the lack of dynamism in traditional public service delivery. However PPPs have also become mired in a muddle of conceptual ambiguities. This paper sheds light on the PPP concept and the rationale for invoking private participation in developing countries. It also identifies critical success factors and policy requirements for successful PPP implementation. Finally, the paper presents a case study assessment of a postwar PPP initiative in the Lebanese telecommunications sector and draws out lessons for improving the effectiveness and viability of PPP projects in the context of developing countries.
Public-Private Partnerships (PPPs): Potential Impacts and Critical Success Factors
HAPSc Policy Briefs Series, 2021
In recent years, PPPs have been increasingly used to implement projects and provide public services. The governments have made the necessary legislative and financial efforts in order to promote PPPs, given the need to acquire know-how from the private sector and the advantages they bring to the public sector and the citizens. However, the use of PPPs should be carefully planned as, in addition to the wider social and economic impacts, failures and negative results have been observed. This article attempts to present the main characteristics of PPPs, cite their possible impacts and quote their critical success factors in order to make PPPs more beneficial for the involved parties and the citizens.
2006
Public-private partnerships (PPPs) have become increasingly popular in recent years. We show that for these arrangements to be desirable from a public finance point of view, private firmsmust be productivelymore efficient than the public sector. In particular, PPPs are not a means to save on distortionary taxation. We also characterize the contract that trades off optimally demand risk, user-fee distortions and the opportu-nity cost of public funds, under the assumption that the private sector is more efficient. The private firm is fully insured against demand risk in the case of large and small projects, but bears risk for projects of intermediate size. For small projects, no subsidies are required and the optimal contract length is demand contingent. By con-trast, demand contingent subsidies are handed out in every state of demand for large projects and the contract lasts indefinitely. For projects of intermediate size the optimal contract involves a “minimum income guarantee” and...