scholarly journals Public private partnerships: A possible alternative for delivery of infrastructure projects in Africa

2017 ◽  
Vol 7 (3) ◽  
pp. 93-109
Author(s):  
Salim Bwanali ◽  
◽  
Pantaleo Rwelamila ◽  
Keyword(s):  
Service Delivery ◽  
Private Sector ◽  
Development Strategy ◽  
Construction Projects ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Sustainable Procurement ◽  
Procurement System ◽  
Document Review

It is estimated that Africa needs $93 billion annually until 2020 in order to bridge its infrastructure deficit. It is through significant investment in infrastructure development that economic growth and poverty alleviation can be enhanced. However central to all construction projects is an effective and sustainable procurement system. There is a notable shift by some African governments to turn to the private sector to design, build, finance and operate infrastructure facilities previously provided by the public sector in the form of Public Private Partnerships (PPP’s). As an innovative financing model, PPPs present an opportunity to governments to improve service delivery. Accordingly, this paper focuses on assessing international best practices as to how some developing nations tap into the resources of the private sector in implementing their infrastructure projects. The study is a result of critical review, synthesis and contextualization of relevant academic literature, conference and journal publications. A thorough document review method was employed to assess how some developing countries have institutionalized PPP as part of their development strategy. The paper will be of significant value to senior government officialsasunderstanding the concept and dynamics of PPP will resultin accelerated and effective service delivery.

scholarly journals ROLE OF INFRASTRUCTURE DEVELOPMENT OF RURAL AND URBAN SECTOR OF INDIA

2020 ◽  
pp. 71-74
Author(s):  
Krishna Somani ◽  
Dr. Ankita Singh Rao
Keyword(s):  
Private Sector ◽  
Key Words ◽  
Land Acquisition ◽  
Infrastructure Development ◽  
Basic Requirement ◽  
Infrastructure Projects ◽  
Urban Sector ◽  
Rural And Urban ◽  
Private And Public

Infrastructure is the basic requirement for development of any business or any city or country. The development of any civilization takes place when the infrastructure develops. In this paper the development in few sectors like finance, land acquisition and planning related to technologies, water, telecommunication, and energy are covered with the upcoming planning and strategies to solve the issues. If infra develops every sector of society will develop in every aspect. Government Infrastructure Projects (PPP), Government Infrastructure Projects (Traditional Procurement) and Private Sector Projects are serving in development in infrastructure. KEY WORDS: Infrastructure, private and public investors, India, technologies, water, telecommunication, and energy.

Innovative financial intermediation and long term capital pools for infrastructure

2016 ◽  
Vol 21 (3) ◽  
pp. 231-252 ◽  
Author(s):  
Thillai Rajan Annamalai ◽  
Smitha Hari
Keyword(s):  
Private Sector ◽  
Financial Intermediation ◽  
Emerging Countries ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Multiple Perspectives ◽  
Multiple Sources ◽  
Content Type ◽  
Private Sector Investment

Purpose Developing countries are increasingly looking to private sector investment for infrastructure development. Successful development of private infrastructure projects, however, depends on adequate availability of long-term debt to complement private sector equity. As domestic bond markets in many emerging countries are not very deep, availability of long-term debt funding for infrastructure has been limited. Recently, a new form of financial intermediation has emerged in India with the creation of infrastructure debt funds (IDFs) to create capital pools for long-term debt funding. This paper aims to analyse the effectiveness of IDFs for financing infrastructure projects. Design/methodology/approach This paper uses a case study approach. The case studies were written using both secondary and primary information. Secondary information was obtained from various sources such as policy papers, websites and other published sources. Primary information was obtained from interviews with the top management of three IDFs. Information obtained from multiple sources was triangulated for consistency and correctness. Findings IDFs have emerged as an effective intermediation mechanism for attracting long-term capital by offering a new investment product with appropriate risk-adjusted returns. For the fund seekers, IDFs are able to provide long-term capital at lower rates and higher flexibility. Unlike commercial banks, IDFs are able to add value to the projects apart from funding by periodic monitoring of the projects. Practical implications Creating new forms of financial intermediation can help in reducing the financing gap for infrastructure projects, especially in emerging countries. Originality/value IDFs have been analysed from a perspective of financial intermediation. The effectiveness of IDFs in bridging the funding shortfall has been evaluated from multiple perspectives.

scholarly journals Framework Development Methodology for Sustainable Procurement of Construction Works in Indonesia

2018 ◽  
Vol 203 ◽  
pp. 02014 ◽  
Author(s):  
Muhamad Abduh ◽  
Reini D. Wirahadikusumah ◽  
Yunita Messah
Keyword(s):  
Sustainable Development ◽  
Construction Projects ◽  
Sustainable Construction ◽  
Construction Sector ◽  
Development Methodology ◽  
Sustainable Procurement ◽  
Procurement System ◽  
Framework Development ◽  
Construction Works

To implement sustainable development in construction sector, or called as sustainable construction, Indonesian still face challenges that requires massive research and developments related to that issue. One of the most important practices in sustainable construction is adoption of sustainable principle in procurement processes or called sustainable procurement. This paper will discuss a methodology formulation that is designed to develop a framework for implementing sustainable procurement in construction projects. The framework will consist of important factors driving the sustainable procurement system and their relationships to effectively produce the outputs of procurement processes that meets sustainable principles.

Jokowi's five-year infrastructure plan is unrealistic

2015 ◽  
Keyword(s):  
Public Private Partnerships ◽  
Land Acquisition ◽  
Toll Roads ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Content Type ◽  
Financial Framework ◽  
Near Term ◽  
Food Inflation

Subject Outlook for infrastructure development. Significance President Joko 'Jokowi' Widodo has pledged to build 5,000 kilometres (km) of railway, 2,600 km of roads, 1,000 km of toll-roads and 49 dams over the next five years. To that end, his administration on March 20 issued a new regulation aimed at facilitating public-private partnerships (PPPs) in infrastructure projects. The new regulation seeks to strengthen the legal, regulatory and financial framework for such projects. Impacts Land acquisition problems will be the hardest to resolve, given the lack of proper records. Tighter checks on malfeasance promise longer-term gains in transparency, but near-term they will slow disbursement. Reducing food inflation will be difficult as long as the infrastructure deficit persists.

scholarly journals Assessing the Barriers and Risks to Private Sector Participation in Infrastructure Construction Projects in Developing Countries of Middle East

2020 ◽  
Vol 13 (1) ◽  
pp. 153
Author(s):  
Jolanta Tamošaitienė ◽  
Hadi Sarvari ◽  
Daniel W. M. Chan ◽  
Matteo Cristofaro
Keyword(s):  
Developing Countries ◽  
Middle East ◽  
Private Sector ◽  
Delphi Study ◽  
Construction Projects ◽  
Urban Infrastructure ◽  
Infrastructure Development ◽  
Financial Barriers ◽  
Public And Private ◽  
Private Sector Participation

In developing countries, governments are often unable to implement urban infrastructure construction projects (UICPs) on their own, mainly due to budget and financial resource limitations. The participation of the private sector, through public–private partnerships (PPPs), has been considered as an alternative effective method for increasing the efficiency and productivity of urban infrastructure development. However, in many developing countries such as those situated in the Middle East, attracting private sector investments for UICPs uncovers profound challenges that have not ever been comprehensively accounted for and prioritized. To fill this knowledge gap, this study seeks to determine and prioritize the major barriers and risks faced by governments and urban managers in attracting private sector investments through the PPP schemes launched by developing countries in the Middle East. Based on a Delphi study conducted in Iran as an example, the opinions of 60 UICPs experts in both the public and private sectors were collected and analyzed. Results show that technical and organizational barriers and risks were perceived as the most important to private sector participation, followed by economic and financial barriers and risks, and then political and legal barriers and risks.

scholarly journals MODELLING THE EFFECTIVENESS OF PPP ROAD INFRASTRUCTURE PROJECTS BY APPLYING RANDOM FORESTS

2015 ◽  
Vol 21 (3) ◽  
pp. 290-299 ◽  
Author(s):  
Rūta Rudžianskaitė–Kvaraciejienė ◽  
Rasa Apanavičienė ◽  
Adas Gelžinis
Keyword(s):  
Construction Projects ◽  
Transport Sector ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Local Economies ◽  
Road Infrastructure ◽  
Efficiency Assessment ◽  
Private And Public ◽  
Modelling Methodology ◽  
Effectiveness Prediction

Transport sector is very important for development of local economies, so it is intensively studied in different countries. Road infrastructure construction projects in many European countries are mainly carried out through various forms of Public–Private Partnership (PPP). Financial evaluation, private partner selection criteria, technical characteristics and very important focus of sustainable development components (environmental, social and economic) of PPP road infrastructure development projects are widely analysed in the scientific literature. Although many research studies were published for PPP road infrastructure projects efficiency assessment from different aspects, there have not been created assessment methodology with all key areas incorporated altogether. The authors provide an integrated PPP road infrastructure projects effectiveness modelling methodology by applying Random Forest technique. The developed methodology is recommended to be applied for PPP road infrastructure projects effectiveness prediction from the private and public sector perspectives.

Managing Transportation Facilities in Design–Build–Finance–Operate Partnerships

2013 ◽  
Vol 2345 (1) ◽  
pp. 92-99 ◽  
Author(s):  
Hui Wu ◽  
Zhanmin Zhang
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Transportation Infrastructure ◽  
Public Private Partnerships ◽  
Pricing Strategies ◽  
Infrastructure Development ◽  
The Public ◽  
Toll Pricing ◽  
Deterministic Dynamic ◽  
Design Build

In recent years, transportation planning has been challenged by an increasing need for infrastructure development, a shortfall of revenue from the public sector, and political trending toward deregulation of transportation infrastructure development. These factors have led to increased interest in privatization of transportation infrastructure and the development of public–private partnerships, such as design–build–finance–operate. Although the overall goal of a transportation infrastructure project is to provide safe, reliable transportation systems for the public, parties involved in public–private partnerships take different roles and responsibilities. The public sector leads in laying out the terms and standards to regulate the obligations between the state departments of transportation and private entities. The private sector makes capital investment to provide agreed-upon services as well as to assume various investment risks, including project operational and financial risks. Toll-pricing strategies are a key component for the public sector in regulating the operation of a public–private partnership facility and for the private sector in controlling investment risks. This study investigated the applicability of deterministic dynamic optimization models for determining toll-pricing strategies that can help improve mobility, secure the public interest, and attract investment from the private sector. A case study of a design–build–finance–operate project was completed. Results showed that the proposed model provides a useful tool to assist both the public and private sectors in making more informed decisions, including study of optimal strategies to seek investment return and determination of the predefined contract regulations.

scholarly journals Assessment of the Legal and Institutional Framework for the Management of Fiscal Liabilities Arising from Public-Private Partnerships (PPPs) in Nigeria

2021 ◽  
Vol 04 (08) ◽  
Author(s):  
George Nwangwu ◽  
Keyword(s):  
Life Cycle ◽  
Service Delivery ◽  
Economic Consequences ◽  
Institutional Framework ◽  
Public Private Partnerships ◽  
Life Cycle Costs ◽  
Infrastructure Projects ◽  
Institutional Structures ◽  
Project Risks

The procurement of infrastructure projects through the use of PPPs has a number of advantages including the potential of reducing life cycle costs, better project risks management and improved service delivery to mention a few. However, PPPs inevitably give rise to liabilities whether explicit or contingent. These liabilities where not properly managed may have adverse economic consequences for countries. This paper finds that whilst Nigeria has appropriate legal and institutional structures for managing fiscal liabilities generally, such structures are not designed or appropriate to deal with fiscal liabilities arising from PPPs. The paper makes suggestions on how this shortcoming may be addressed.

scholarly journals Desapropriações nas Parcerias Público-Privadas (PPP)

2016 ◽  
Vol 11 (1) ◽  
Author(s):  
Andre Luiz Dos Santos Nakamura
Keyword(s):  
Private Sector ◽  
Sao Paulo ◽  
Public Private Partnerships ◽  
Government Contracts ◽  
São Paulo ◽  
Infrastructure Projects ◽  
Court Order ◽  
The Public ◽  
Public Property ◽  
Federal Regime

DESAPROPRIAÇÕES NAS PARCERIAS PÚBLICO-PRIVADAS (PPP)  EXPROPRIATION IN PUBLIC-PRIVATE PARTNERSHIPS (PPP)  Andre Luiz dos Santos Nakamura*  RESUMO: O presente artigo pretende estudar a forma como devem ser realizadas as desapropriações nas Parcerias Público-Privadas. Iremos abordar a questão da distribuição dos riscos, a mudança decorrente da Lei 12.766/2006 que não mais permite a aplicação da disciplina das desapropriações prevista para os contratos normais de concessão possam ser aplicadas aos contratos de PPPs, as causas de fuga do parceiro privado das desapropriações, a questão do precatório, bem como acerca da desapropriação por zona, como instrumento de grande relevância para a realização de grandes obras de infraestrutura. PALAVRAS-CHAVE: Desapropriação. Parcerias Público-Privadas (PPP). Bens Públicos. Concessão. Infraestrutura. ABSTRACT: This paper aims to study the expropriation in the public-private partnerships. It discuss the allocation of risks, as well as the changes arising from Law 12.766/2006, which no longer allows the application of rules of expropriation required to general concession agreements to public-private partnerships. It also analyzes the reasons why the private sector lack interest in this partnerships, court order for payment issues and how the expropriation by zone could be an instrument of great importance for the implementation of big infrastructure projects. KEYWORDS: Expropriation. Public-private Partnerships. Public Property. Government Contracts. Infrastructure. SUMÁRIO: Introdução. 1 As Parcerias Público-Privadas (PPP). 2 Desapropriações feitas por concessionários de serviços públicos. 3 O pagamento da indenização pelo Poder Público mediante o repasse de valores na desapropriação judicial executada pelo Parceiro Privado e a compatibilidade com o art. 100 da Constituição Federal (regime dos precatórios). 4 Vantagens da atribuição do custo e da execução das desapropriações ao Parceiro Privado. 5 A execução da desapropriação judicial, na Parceria Público-Privada, deve feita por quem for o responsável pelo pagamento das indenizações. 6 Fatores que podem aumentar os custos das desapropriações de um projeto de infraestrutura. 7 A desapropriação por zona. Conclusão. Referências. * Doutorando em Direito na Universidade Presbiteriana Mackenzie. Mestre em Direito pela Pontifícia Universidade Católica de São Paulo (PUC-SP). Professor de Direito do Estado na Universidade Paulista (UNIP). Procurador do Estado de São Paulo.

State assets may fund Turkish public-private projects

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Development Programme ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
New Development ◽  
The Government ◽  
New Infrastructure

Subject Moves to shore up the PPP infrastructure programme. Significance Political instability, lira volatility and slowing economic growth have raised the risks from public-private partnerships (PPP) in Turkey’s ambitious infrastructure programme, by making it more difficult for developers to access loans. The government, faced with underwriting unprofitable projects and scaling back new development, has handed control of a slate of state companies to the new Turkish Sovereign Wealth Fund (TVFY). Impacts The government is committed to continue developing new infrastructure projects by the PPP model. Profits from the substantial assets transferred to the TVFY will be diverted to fund a grandiose infrastructure development programme. An expanded PPP programme will reinforce calls for better legislation, clarified legal processes and a dedicated agency to oversee projects.

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