Management Contracts

2020 ◽  
pp. 122-147
Author(s):  
James Leigland
Keyword(s):  
Developing Countries ◽  
Private Investment ◽  
Service Systems ◽  
Short Term ◽  
Local Stakeholders ◽  
Management Contracts ◽  
Hybrid Forms ◽  
Public Partnerships

In this chapter the discussion turns to management concessions as they have been used in the water and power sectors of developing countries. Because these arrangements are typically short term and involve little or no private investment, they considerably reduce the normal PPP risks faced by private partners. But despite the seeming potential of such contracts for improving the operational efficiencies of infrastructure service systems, as well as the reduced risks of such projects for private partners, these kinds of private–public partnerships (PPPs) have rarely met the expectations of local stakeholders, especially in the poorest countries. Is this criticism fair, or are the objectives of these contracts misunderstood? Hybrid forms of these contracts seem to be emerging in response to disappointment with traditional models. Will these hybrids be successful in achieving the original aims of management contracts?

Trends in private investment in developing countries

1995 ◽  
Author(s):  
Frederick Z. Jaspersen ◽  
Anthony H. Aylward ◽  
Mariusz A. Sumlinski
Keyword(s):  
Developing Countries ◽  
Private Investment

scholarly journals Public Sector Finances as Determinants of Private Investment in PPP Projects – Experiences from Select Countries

2019 ◽  
pp. 1-17
Author(s):  
Satinder Bhatia
Keyword(s):  
Developing Countries ◽  
Public Sector ◽  
Private Sector ◽  
Private Investment ◽  
Developed Countries ◽  
Financial Health ◽  
Indian States ◽  
Checks And Balances ◽  
Private Partnership ◽  
The Public

Public-Private Partnership (PPP) projects have been gaining in popularity in many developing countries along with developed countries. While there has been sufficient research on private sector capacity to make the partnership successful, not much research exists on the importance of the financial health of the public sector in PPP projects. The premise of the current research is that strong public sector finances instil confidence in the private sector of governments’ ability to honour PPP commitments and that, in turn, increases the attractiveness of PPP projects. Through a number of case studies relating to government finances of Indian states and other countries, it is seen that governments which have checks and balances to issuance of guarantees and other forms of indirect support for PPP projects are actually able to attract higher levels of PPP investment.

scholarly journals Determinants of Private Investment Contracts in the Basic Sanitation Sector: Evidence for Developing Countries

2020 ◽  
Author(s):  
Dianifer Leal Borges ◽  
Rodrigo Nobre Fernandez ◽  
Cláudio Djissey Shikida ◽  
Luciana de Andrade Costa
Keyword(s):  
Developing Countries ◽  
Negative Binomial ◽  
Private Investment ◽  
Sanitation Services ◽  
Key Factor ◽  
Basic Sanitation ◽  
Main Determinants ◽  
The Empirical Analysis ◽  
Macroeconomic Environment

Abstract Investment in infrastructure is a key factor for improving the quality of life of the population and, consequently, for the economic development of nations. In this context, the universalization of water and sanitation services is of great importance due mainly to their impact on public health. Based on the work of Yehoue et al. (2006) and Sharma (2012), this article studies the determinants of the number of private investment contracts for the basic sanitation sector. In the empirical analysis, with a panel of developing countries during the years 2003-2016, we use the following counting estimators to study the number of contracts in the sector: Negative, Poisson, Negative Binomial, and Zero Inflated negative binomial with corrected Vuong (ZINBCV). The results show that the channels of the macroeconomic environment, foreign investment and the political environment are the main determinants in the formulation of new contracts in the basic sanitation sector.

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