Government Roles in Public-Private Partnerships Procurement of Infrastructures: Theoretical Approach (original) (raw)
Related papers
Public-Private Partnership and Financing the Development of National Infrastructure
Social, Economic, and Environmental Impacts Between Sustainable Financial Systems and Financial Markets, 2020
The chapter contains a methodology for formalized evaluation of the model of replacement of budget funds by private investment in the public infrastructure PPP projects for the purpose to ensure public finance sustainability. It can manifest itself only if the state could create appropriate conditions for private investors, including institutional players as its partners. The latter means primarily the stable formal institutional conditions for private investors, low transactional costs, attractive financial parameters, that could bring the ratio of budget and private financing of public infrastructure PPP projects to more than 1 to 1. It has become evident that accelerated development of many public infrastructure PPP projects is hampered by two factors: (1) inadequate institutional support for the design process itself and (2) absence of state-prepared acceptable financial models of public infrastructure PPP projects regarding the division of risks of infrastructure projects and d...
The role of public-private partnerships in financing infrastructure projects
E3S Web of Conferences
Poor infrastructure quality hinders the country's stable economic growth and competitiveness in international markets. The quality of life declines when the infrastructure is underdeveloped. Public-private partnership allows attracting additional sources of funding and receiving additional privileges from the state. Public-private partnerships in infrastructure benefit the economy, national politics, the private sector, as well as the population. The article examines the features of the formation and development of public-private partnerships in the development of the national economy of the Republic of Uzbekistan. The directions of innovative development are selected. The problems that require solutions for the continuous development of an innovative economy are identified. The aim of the study is to reveal the essence of public-private partnership in infrastructure, analyze the current state and its role, place in the economy of the Republic of Uzbekistan. The object of the re...
Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments nd them attractive because PPPs can be used to avoid scal check-and-balances and increase spending. At the same time, PPPs can lead to important e ciency gains, especially for transportation infrastructure. These gains include better maintenance, reduced bureaucratic costs, and ltering white elephants. For these gains to materialize, it is necessary to deal with the governance of PPPs, which is more demanding than for the public provision of infrastructure. The governance can be improved by the use of contracts with appropriate risk allocation and by avoiding opportunistic renegotiations, which have been pervasive. The good news is that, based on the experience with PPPs over the last three decades, we have learnt how to address these challenges.
Public-Private Partnerships for Infrastructure Development
2018
from a specific contract or arrangement to a wider policy (Bovaird 2004). According to a quite popular definition (Teisman and Klijn 2002; van Ham and Koppenjan 2001), a partnership is a cooperation of some sort of durability between public and private actors in which they jointly develop products and services, even according to co-production modes, and share risks, costs, and resources that are connected with these products. Quite often, partnerships are characterized by a financial scope, and for this reason, Bovaird (2004) refers to them as a "marriage for money." Rosenau (2000) underlines that integrated and co-accountable partnerships are rare, as private stockholders' interests tend to prevail, and suggests to use them only in case cost considerations about service delivery are prioritized. Literature mainly refers to PPP as a contractual arrangement to deliver public services, as an intermediate solution between traditional public driven and privatized solutions. Actually, the New Public Management (Osborne 2000) has introduced PPPs as a management or governance tool to reach more efficiency and effectiveness in the public sector. Khanom (2010) sheds the light on PPP also as a tool to foster development, with a specific focus on developing countries (Fiszbein and Lowden 1999). Partnerships for economic development have been referred also to urban areas (Osborne 2000), S. Caselli et al. (eds.
Public-Private Partnerships for Infrastructure and Service Delivery: An Introduction
Springer eBooks, 2021
from a specific contract or arrangement to a wider policy (Bovaird 2004). According to a quite popular definition (Teisman and Klijn 2002; van Ham and Koppenjan 2001), a partnership is a cooperation of some sort of durability between public and private actors in which they jointly develop products and services, even according to co-production modes, and share risks, costs, and resources that are connected with these products. Quite often, partnerships are characterized by a financial scope, and for this reason, Bovaird (2004) refers to them as a "marriage for money." Rosenau (2000) underlines that integrated and co-accountable partnerships are rare, as private stockholders' interests tend to prevail, and suggests to use them only in case cost considerations about service delivery are prioritized. Literature mainly refers to PPP as a contractual arrangement to deliver public services, as an intermediate solution between traditional public driven and privatized solutions. Actually, the New Public Management (Osborne 2000) has introduced PPPs as a management or governance tool to reach more efficiency and effectiveness in the public sector. Khanom (2010) sheds the light on PPP also as a tool to foster development, with a specific focus on developing countries (Fiszbein and Lowden 1999). Partnerships for economic development have been referred also to urban areas (Osborne 2000), S. Caselli et al. (eds.
The value of public private partnerships in infrastructure
This paper makes three claims. First, in contrast to Public-Private Partnerships (PPP) in many other industries, infrastructure contracts can be conditioned on the delivery of roads and railways of appropriate user quality. This eliminates one of the concerns in the literature of the welfare properties of PPPs. Second, the bundling of investment and maintenance into one single rather than several separate contracts may provide a way to bypass rigidities and contract incompleteness in PPP contracts. Third, having a private concessionaire organising the funding of a PPP project’s investment costs may increase financing costs. This is, however, balanced by the fact that it also enhances the agent’s commitment in long-term incomplete contracts. Taken together, these conclusions point to the possibility of using PPP as an instrument for improving the construction industry’s dismal productivity performance.
Corporate Governance and Organizational Behavior Review
Public-private partnerships (PPP) are likely to emerge as a new model for improved infrastructure development in developing countries. Scrutinizing the possibility of adopting the PPP model in addressing infrastructure challenges is the main objective of this paper. The study identifies the critical success factors for PPP project implementation based on the case of an emerging country. Qualitative research was used in this study. The target population in this study is a group of experts who are currently involved in infrastructure planning, development and policy making. The research concludes that lack of political will and government’s failure to develop policies to support PPPs are a major problem for this issue in developing countries. The research indicates the relevance and immediate necessity for governments of developing countries to develop a transparent and consistent policy and legal structure on PPPs to attract and promote private sector involvement in infrastructure pr...
Public Private Partnership PPP as a Mechanism to Improve the Infrastructure Needs of Countries
Handbook of Research on Global Challenges for Improving Public Services and Government Operations. Editors: Akman, E., Babaoglu, C. and Kulac, O. Hershey, USA: IGI Global Publications., 2021
The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.
Cib TG72 /Arcom Doctoral Research Workshop on Public Private Partnerships
In many developed and developing countries there has been a move toward increased reliance on Public Private Partnerships (PPPs) for infrastructure development. This involves an engagement with, or participation of, private companies and the public sector in the financing and provision of infrastructure. In most countries these PPP arrangements have been aimed at overcoming broad public sector constraints in relation to either a lack of public capital; and/or a lack of public sector capacity, resources and specialised expertise to develop, manage, and operate infrastructure assets. Public Private Partnerships are now commonly used to accelerate economic growth, development and infrastructure delivery and to achieve quality service delivery and good governance. The spectrum of nature and types of public private partnerships (PPPs) are overwhelming, making a definition of a PPP difficult. In addition, there have been tremendous developments in the use of PPP in many countries that has...