Public–private partnership and private finance initiatives in the EU and Spanish local governments

2001 ◽  
Vol 10 (3) ◽  
pp. 601-619 ◽  
Author(s):  
Lourdes Torres ◽  
Vicente Pina
Keyword(s):  
Local Governments ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Private Finance ◽  
The Eu

Risk Transferin Public Private Partnership/Private Finance Initiative Procurement Documents:The Differencebetween The United Kingdom and Malaysia

2016 ◽  
Vol 4 (4) ◽  
pp. 30
Author(s):  
Nooriha Abdullah ◽  
Darinka Asenova ◽  
Stephen J. Bailey
Keyword(s):  
United Kingdom ◽  
Public Procurement ◽  
Research Question ◽  
Public Private Partnership ◽  
Private Finance Initiative ◽  
Private Partnership ◽  
Risk Transfer ◽  
Private Finance ◽  
The United Kingdom ◽  
The Uk

The aim of this paper is to analyse the risk transfer issue in Public Private Partnership/Private Finance Initiative (PPP/PFI) procurement documents in the United Kingdom (UK) and Malaysia. It utilises qualitative research methods using documentation and interviews for data collection. The UK documents (guidelines and contracts) identify the risks related to this form of public procurement of services and makeexplicittheappropriateallocation of those risks between the public and the private sector PPP/PFI partners and so the types of risks each party should bear. However, in Malaysia, such allocation of risks was not mentioned in PPP/PFI guidelines. Hence, a question arises regarding whether risk transfer exists in Malaysian PPP/PFI projects, whether in contracts or by other means. This research question is the rationale for the comparative analysis ofdocumentsand practicesrelatingtorisk transfer in the PPP/PFI procurements in both countries. The results clarify risk-related issues that arise in implementing PPP/PFI procurement in Malaysia, in particular how risk is conceptualised, recognised and allocated (whether explicitly or implicitly), whether or not that allocation is intended to achieve optimum risk transfer, and so the implications forachievement ofvalue for moneyor other such objectivesinPPP/PFI.

scholarly journals Alternative To Development of Tourist Attraction with Public Private Partnership Scheme in Magelang Regency

2021 ◽  
Vol 2 (4) ◽  
pp. 263-273
Author(s):  
Siti Arifah ◽  
Agung Nur Probohudono ◽  
Djuminah ◽  
Evi Gantyowati
Keyword(s):  
Local Governments ◽  
Public Private Partnership ◽  
Tourist Attraction ◽  
Value For Money ◽  
Structured Interviews ◽  
Private Partnership ◽  
The Public ◽  
Service Contracts ◽  
Natural Beauty ◽  
Management Contracts

This study aims to see how the condition of the object/Tourist Attraction (TA) in Magelang Regency in Indonesia and its alternative development. This research uses a descriptive qualitative approach with case studies of 31 tourism objects which will then be investigated regarding their conditions and possible future developments. Research data were obtained by direct observation of the location of tourist objects and through semi-structured interviews. The results of this study illustrate that tourism objects in Magelang Regency are currently quite developed. However, this has not been able to attract general tourists to linger in the regency and provided an optimal contribution to regional income. This is because tourism objects in the regency other than Borobudur Temple have not been maximized for their existence and utilization. The Public-Private Partnership (PPP) scheme model can be an alternative to be applied in developing tourism objects accompanied by an appropriate Value for Money (VfM) analysis. Tourism objects in the form of cultural heritage can be developed through concession contracts, natural beauty can be developed through management contracts, and artificial objects can be developed through service contracts while taking into account the development needs of each tourism object. Local governments need to establish cooperation with the private sector with a Public-Private Partnership scheme accompanied by the preparation of strict regulations so that the implementation of cooperation in the context of developing tourism objects in the Magelang Regency can bring optimal benefits to all parties.

scholarly journals Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China

2019 ◽  
Vol 11 (23) ◽  
pp. 6831 ◽  
Author(s):  
Bo Zhang ◽  
Li Zhang ◽  
Jing Wu ◽  
Shouqing Wang
Keyword(s):  
Local Governments ◽  
Mainland China ◽  
Public Private Partnership ◽  
Urban China ◽  
Infrastructure Development ◽  
Sustainable Infrastructure ◽  
Private Partnership ◽  
Factors Affecting ◽  
Financial Pressure ◽  
Major Factors

Local governments around mainland China initiated over 14,000 public–private partnership (PPP) projects with a total investment of 18 billion RMB in recent years, but nearly half have been withdrawn since the end of 2017, which raised wide concerns about whether PPP can contribute to the sustainable infrastructure development in urban China. In this study, we empirically investigated major factors affecting local governments’ PPP adoption, especially factors that led local governments to initiate inappropriate PPP projects. Based on a unique panel dataset of 286 Chinese cities between 2014 and 2017, the empirical findings suggested that local governments’ financial pressure was the most important factor and cities with higher off-budgetary debts or lower budgetary deficits tended to initiate more PPP projects. PPP projects initiated under off-budgetary burdens were more likely to be inappropriate and subsequently withdrawn. Based on the empirical results, we provide policy suggestions to promote sustainable PPP developments in China.

scholarly journals Public Private Partnership between Local Governments and Nonprofits in Japan

2010 ◽  
Vol 1 (1) ◽  
Author(s):  
Naoko Okuyama ◽  
Yu Ishida ◽  
Naoto Yamauchi
Keyword(s):  
Local Government ◽  
Nonprofit Organizations ◽  
Public Service ◽  
Service Provision ◽  
Local Governments ◽  
Nonprofit Sector ◽  
Public Private Partnership ◽  
Influential Factors ◽  
Private Partnership ◽  
Public Service Provision

In the framework of public sector reform and the recently popularized concept of a “new public sphere,” attention has been focused on the significance and effectiveness of public private partnership (PPP). However, the smooth operation of PPP practice is yet to be realized, and the nonprofit sector still faces challenges in becoming a government partner in public service provision. We examine government behavior in PPP practice and its stance on partnership practice and collaborative relations with contemporary nonprofit organizations. Through public finance statistics and a unique set of variables, an empirical analysis reveals that the existence of nonprofit organizations (NPOs) positively affects local government decisions to implement PPP practices and outsource to NPOs for public service provision. Other influential factors include local governments’ budgetary conditions, attitudes towards public administration and finance, local chief executive characteristics, and neighboring local government behaviors.

scholarly journals Organizational and institutional environment of the development of the financial mechanism of public-private partnership in Ukraine

2020 ◽  
pp. 6-10
Author(s):  
Bohdana SHULIUK
Keyword(s):  
Local Governments ◽  
Institutional Environment ◽  
Social Institutions ◽  
Public Private Partnership ◽  
Public Authorities ◽  
Private Partnership ◽  
Investment Projects ◽  
Consulting Services ◽  
State And Local ◽  
Financial Mechanism

Introduction. To ensure the proper functioning of the financial mechanism of public-private partnership, it is necessary to create an organizational and institutional environment. Without it, it is impossible to determine the most important vectors of development of this mechanism, as well as the benchmarks by which the formation and selection of the most effective economic and social institutions. The purpose of the paper is to study the organizational and institutional aspects of the development of the financial mechanism of public-private partnership, to identify the main problems, as well as to justify measures to address them. Results. The structure of the organizational and institutional environment of the financial mechanism of public-private partnership in Ukraine is outlined, which consists of: organizational and managerial, financial, scientific-expert and public environment. The first includes public authorities and local governments that form state and local policies in the field of public-private partnership, as well as monitor its implementation. The second includes financial institutions that facilitate the financing of investment projects that are not attractive enough for private business in terms of profitability and risk. The third includes research institutions, expert and consulting organizations, the purpose of which is to provide information and consulting services. The fourth includes civil society institutions, which should participate in the formation of the components of the financial mechanism of public-private partnership, as well as control the process of its functioning and the achievement of planned tasks by partners. It is argued that the development of the institutional environment of the financial mechanism of public-private partnership needs state support. Conclusion. It is substantiated that the effectiveness of the financial mechanism of public-private partnership depends on the organizational and institutional environment, which clearly regulates the rights, responsibilities, sequence of actions reflected in coordinated legislation and allows to take into account the specific regional or sectoral characteristics of the country.

scholarly journals Dynamics of Organisational Capability of Japanese Construction Firm towards Open and Service Innovation through PPP/PFI arrangement

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Taeko Suehiro ◽  
Kumiko Miyazaki
Keyword(s):  
Open Innovation ◽  
Service Innovation ◽  
Public Private Partnership ◽  
Private Finance Initiative ◽  
Private Partnership ◽  
Construction Firms ◽  
Private Finance ◽  
Construction Company ◽  
Construction Firm ◽  
Collaborative Capabilities

<p>This study examined the influence of Public–Private Partnership (PPP) — or, more specifically, Private Finance Initiative (PFI) — arrangements in relation to open and service innovation in construction firms in Japan. The expectation of the PPP/PFI procurement arrangement is that Japanese construction firms will provide a broader range of services (service innovation) through expanded cooperation with various other firms (open innovation) compared to the conventional procurement scheme.</p><p>Our in-depth case study of a Japanese construction company shows the dynamics of project-based firms' capability accumulation through a PPP/PFI arrangement. The study identified a model of capability development for construction firms towards service and open innovation. It consists of three organisational capabilities: technological capabilities, project capabilities and collaborative capabilities. The model can be seen as an ideal approach for understanding and comparing cases of long-term capability accumulation of project-based firms, especially regarding providing services that meet the public's needs.</p><p> </p><p>Keywords: Public–Private Partnership (PPP); Private Finance Initiative (PFI); Project Capability, Open innovation; Service innovation; Construction firm</p>

Sign in / Sign up

Export Citation Format

Share Document