scholarly journals Public-private partnership as remedy for crumbling infrastructure: Is this hope looking for reason?

2019 ◽  
Vol 3 (2) ◽  
pp. 233
Author(s):  
Richard E. Wagner
Keyword(s):  
Interest Rates ◽  
Public Debt ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Implicit Form ◽  
Analytical Point ◽  
Point Of Departure

It has become commonplace to describe publicly provided infrastructure as being in a sorry state and to advance public-private partnership as a possible remedy. This essay adopts a skeptical but not a cynical posture toward those claims. The paper starts by reviewing the comparative properties of markets and politics within a theory of budgeting where the options are construction and maintenance. This analytical point of departure explains how incongruities between political and market action can favor construction over maintenance. In short, political entities can engage in an implicit form of public debt by reducing maintenance spending to support other budgetary items. This implicit form of public debt does not manifest in higher interest rates but rather manifests in crumbling bridges and other infrastructure due to the transfer of maintenance into other budgetary activities.

scholarly journals Critical Risk Factors Associated with Public Private Partnership Housing Projects

2020 ◽  
Vol 10 (1) ◽  
pp. 42-49
Author(s):  
Yakubu N. Sanda ◽  
Natalia A. Anigbogu ◽  
Ezekiel A. Rugu ◽  
Laraba Y. Babas
Keyword(s):  
Risk Factors ◽  
Interest Rates ◽  
Low Income ◽  
Exchange Rate Volatility ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Housing Projects ◽  
Factors Associated ◽  
Project Risks

AbstractStudies have shown that project risks are responsible for the failure of most Public Private Partnership (PPP) projects. The study examined the critical risk factors associated with PPP housing projects. Data for the research was obtained through a questionnaire. The data were analysed using descriptive statistics and mean ratings. Corruption and bribery among contracting parties (0.681), Exchange rate volatility (0.621) Availability of development funds (0.599) and Change in government (0.580) were the critical risk factors identified. The study also indicated that project cost is highly influenced by lack of development funds and changes in interest rates. The quality of PPP housing projects in Abuja was found to be influenced by partner selection risks. The study suggested a competitive, transparent, and efficient bid process to eliminate corruption, workable strategies for ensuring the availability of development funds at a cheaper rate and adopting mixed strategy in which government continues to provide social housing to the low-income class while providing the enabling environment for the private sector to thrive.

scholarly journals Bankability of a public private partnership in agricultural sector: A project in Sub Saharan Africa

2019 ◽  
Vol 65 (No. 5) ◽  
pp. 212-222 ◽  
Author(s):  
Donato Morea ◽  
Marino Balzarini
Keyword(s):  
Interest Rates ◽  
Cash Flow ◽  
Agricultural Sector ◽  
Financial Analysis ◽  
Development Project ◽  
Public Private Partnership ◽  
Debt Service ◽  
Sub Saharan Africa ◽  
Private Partnership ◽  
Sub Saharan

A public private partnership can be an effective approach to deal the projects with modern agricultural development in Sub Saharan Africa. A former financial analysis of a development project, carried out by the authors, showed that public and private partners can effectively join in a mutually satisfactory venture capital. The same project is now complemented with a bankability study, considering lenders options, equity allocation, collaterals and likely applicable interest rates, available cash flow and sustainable debt service repayment to provide a through financing scenario for each partner’s perspective assessing the relevant Debt Service and Loan Life Cover Ratios. Cash flow and interest rates fluctuation impacts are eventually investigated with a sensitivity analysis to prove the robustness of the proposed scenario.<br />

Public Private Partnership in India : Relevance, Progress and Prospects

2011 ◽  
Vol 3 (9) ◽  
pp. 80-82
Author(s):  
M. Suresh M. Suresh ◽  
◽  
Dr. R. Sundhararam Dr. R. Sundhararam
Keyword(s):  
Public Private Partnership ◽  
Private Partnership
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