Policy, Management and Finance of Public-Private Partnerships

by Akintoye, Akintola; Beck, Matthias

• ISBN13: 9781405177917
• ISBN10: 1405177918
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-11-10
• Publisher: Wiley-Blackwell

Summary

This book examines some of the key policy, financial and managerial aspects of public-private partnerships within the context of the global spread of this form of procurement. The chapters investigate political and institutional issues surrounding PPPs, together with the financial and managerial strategies employed by the private sector. Adopting a cross-disciplinary perspective, the book highlights the often politically sensitive nature of these projects and identifies a need for the private sector to investigate a broad set of parameters which relate to the particular political economy of individual partnerships. Policy, Finance & Management for Public-Private Partnerships covers a range of specific issues, including: partnerships in developing countries; innovation in partnership-based procurement; government and business interaction; institutional and organisational approaches to facilitating partnership; project and corporate financing; risk and value management; market analysis, modelling and forecasting; capital structure decisions and management; investment theory and practice; pricing and cost evaluation; statutory regulations and their financial implications; option pricing; financial monitoring; syndicate funding; new roles for the financial and insurance sectors; institutional and multilateral funding; payment mechanisms; concession period determination; risk analysis and management; whole life value methodology; cost comparators and best value; team building, team work and skill development. Contributions from Australia, Europe, the Far East, South Africa and the United States together present the current thinking and state-of-the-art approaches to public-private partnerships.

Author Biography

Akintola Akintoye, Professor of Construction Economics and Management and Head of School, School of Built and Natural Environment, University of Central Lancashire, Preston, UK

Matthias Beck, Professor of Public Sector Management, The York Management School, University of York, UK

Table of Contents

PPP Policy	p. 1
Private Finance Initiative in Use	p. 3
Using the Private Sector to Finance Capital Expenditure: The Financial Realities	p. 27
Obstacles to Accountability in PFI Projects	p. 47
Refinancing and Profitability of UK PFI Projects	p. 64
The Dedicated PPP Unit of the South African National Treasury	p. 82
PPP in Greenfield Airport Development: A Case Study of Cochin International Airport Limited	p. 97
PPPs for Physical Infrastructure in Developing Countries	p. 123
Team Building for PPPs	p. 145
PPP Finance	p. 163
PPP Infrastructure Investments: Critical Aspects and Prospects	p. 165
Patterns of Financing PPP Projects	p. 181
PPP Financing in the USA	p. 198
Financial Modelling of PPP Projects	p. 212
Application of Real Options in PPP Infrastructure Projects: Opportunities and Challenges	p. 229
Financial Implications of Power Purchase Agreement Clauses in Revenue Stream of Independent Power Producers in Nepal	p. 250
Government Policy on PPP Financial Issues: Bid Compensation and Financial Renegotiation	p. 267
PPP Management	p. 301
Innovation in PPP	p. 303
Combining Finance and Design Innovation to Develop Winning Proposals	p. 327
The Application of a Whole-Life Value Methodology to PPP/PFI Projects	p. 346
Best Value Procurement in Build Operate Transfer Projects: The Turkish Experience	p. 363
Application of Risk Analysis in Privately Financed Projects: The Value For Money Assessment through the Public Sector Comparator and Private Finance Alternative	p. 379
Developing a Framework for Procurement Options Analysis	p. 398
The Payment Mechanism in Operational PFI Projects	p. 414
Concession Period Determination for PPP Infrastructure Projects in Hong Kong	p. 436
Index	p. 457
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