Infrastructure Public-Private Partnerships : Decision, Management and Development

by Carlos Oliveira Cruz, Rui Cunha Marques

Economic development and social welfare depend on the existence of effective and efficient infrastructure systems, particularly in health, energy, transportation and water, many of which are developed and managed through Public-Private Partnerships (PPPs). However, empirical evidence suggests some pitfalls in the use of these PPP arrangements. This book addresses these issues, focusing on mostly three key questions: How to improve the robustness of the decision-making process leading to the option of PPP? How to improve contract management as the longest phase of the process? How can contracts be improved to accommodate uncertainty and avoid harmful renegotiations? The authors explore the concept of flexible contracts, the uncertainty modeling for improving the robustness of the decision-making process, and develop an overall framework for effective contract management, along with a comprehensive analysis of current renegotiation patterns. The ultimate goal is to improve the contractual performance, as well as the overall infrastructure management and social welfare.

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Year of publication:	2013
Authors:	Cruz, Carlos Oliveira
Other Persons:	Marques, Rui Cunha (contributor)
Publisher:	Berlin, Heidelberg : Springer Berlin Heidelberg
Subject:	Öffentlich-private Partnerschaft \| Public-private partnership \| Infrastrukturinvestition \| Infrastructure investment \| Vertrag \| Contract \| Verhandlungen \| Negotiations \| Wirtschaftsentwicklung \| Public Private Partnership \| Kontraktmanagement
Description of contents:	Preface -- 1 Introduction -- 2 Public Sector Comparator -- 3 Contractual Flexibility -- 4 Contract Management -- 5 Renegotiation -- 6 Conclusions -- References -- Index Table of Contents [swbplus.bsz-bw.de] ; Description [swbplus.bsz-bw.de]

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Extent:	Online-Ressource (XX, 171 p. 38 illus., 11 illus. in color, digital)
Series:	SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index Preface; Chapter 1: Introduction to PPPs; Chapter 2: Public Sector Comparator Calculation; Chapter 3: Improving Contract Performance: Contractual Flexibility; Chapter 4: Contract Management. How Important Is It?; Chapter 5: The Problem of Renegotiation. What Are the Determinants? How Should a Renegotiation Be Managed?; Chapter 6: Conclusions; Contents; List of Figures; List of Tables; Acronyms; 1: Introduction; 1.1 Preliminary Remarks; 1.2 Models for Private Involvement; 1.3 Types of PPP; 1.4 The Rational for PPP Project Usage; 1.5 Main Benefits of Using PPP Projects 1.5.1 PPPs Are Oriented Toward Satisfying Global Needs1.5.2 PPPs Involve Long Term Relationships; 1.5.3 PPPs Involve Total or Partial Financing of the Project; 1.5.4 PPPs Are Oriented Toward Results; 1.5.5 Bundling Several Stages of the Project; 1.5.6 Enhances Innovative Solutions; 1.5.7 Allows a Life-Cycle Cost Perspective; 1.5.8 Allows for More Effective Control of Costs and Deadlines; 1.5.9 Attracts More Competition at a Global Level; 1.5.10 Allows Governments to Focus on Their Main Tasks; 1.5.11 Ensures Effective and Dynamic Management of Infrastructure and/or Services 1.5.12 Supports the Development of Large Infrastructure Plans1.5.13 Diversifies the Market for the Construction Industry; 1.6 Main Pitfalls in PPP Usage; 1.6.1 Higher Cost of Capital; 1.6.2 Contractual Incompleteness; 1.6.3 Difficulties in Long Term Forecasts; 1.6.4 Regulatory and Contract Management Capture; 1.6.5 Bypass to Public Budgets/Overspending; 1.6.6 Transference of Costs to Parent Companies; 1.6.7 High Transaction Costs; 1.7 The Decision Making Process in a PPP; 1.8 Life-Cycle of a PPP Project; 1.9 The Concept of Risk and Risk-Sharing; 1.9.1 Risk and Uncertainty 1.9.2 Risk Classification1.9.3 Risk in International Standards; 1.9.4 Risk Assessment; 1.9.4.1 Risk Identification; 1.9.4.2 Risk Analysis; 1.9.4.3 Risk Evaluation; 1.9.4.4 Risk Treatment; 1.10 World Trend of PPP Arrangements; 2: Public Sector Comparator; 2.1 Introduction; 2.2 PSC Definition; 2.3 Problems with PSC Calculation; 2.3.1 Decision Narrowed to a Single Number; 2.3.2 Lack of Transparency; 2.3.3 Lack of Robustness; 2.3.4 Lack of Data; 2.3.5 Difficulty in Estimating Efficiency Gains; 2.4 VfM; 2.5 PSC Structure; 2.6 International Benchmarking; 2.6.1 Overview; 2.6.2 Australia 2.6.3 Canada2.6.4 Portugal; 2.6.5 Republic of Ireland; 2.6.6 South Africa; 2.6.7 The Netherlands; 2.6.8 United Kingdom; 2.6.9 United States of America; 2.7 Case Studies; 2.7.1 Reshaping Health Services Project (UK); 2.7.2 Sea-to-Sky Highway (Canada); 2.7.3 Barwon Water Biosolids Management Project (Australia); 2.7.4 High-Speed Rail Line (Portugal); 2.7.5 Case Study Analysis; 2.8 Critical Issues in PSC Calculations; 2.8.1 Discount Rate; 2.8.2 Cost Estimation; 2.9 Probabilistic Calculation of the PSC; 2.9.1 Uncertainty in PSC; 2.9.2 Risk Management for PSC Calculation 2.9.3 Probabilistic PSC Calculation: A Case Study
ISBN:	978-3-642-36910-0 ; 978-3-642-36909-4
Other identifiers:	10.1007/978-3-642-36910-0 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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