scholarly journals Vertical expansions : assessing the feasibility of building private residential space atop existing public community centres and libraries through a public-private partnership in Toronto's inner-suburbs

2021 ◽  
Author(s):  
Pirijan Ketheswaran

The aim of this study is to analyze the feasibility of building private residential space on top of existing publicly-owned inner-suburban Toronto community centres and library buildings through a public-private partnership. The numerous benefits and feasibility of these 'vertical expansions' to the community and government is validated by the potential ability to increase local access to services, compatibility with wider government planning objectives such as smart growth, and by the capacity to kickstart a virtuous economic cycle to increase quality of place. The appeal to private developers is demonstrated through considerations of the market, money, production, people and environment. Pilot sites where vertical expansions could best succeed are identified based on facility type, 'city 3' suburban status, potential marketability, and basic physical & structural considerations. 16 pilot sites were identified, which were further refined based on property value to identify the pilot sites with the highest potential for success. A model for a reductionist and mutually equitable P3 arrangement for both the development and post-construction management was proposed and informed by the literature review of past P3 case studies.

2021 ◽  
Author(s):  
Pirijan Ketheswaran

The aim of this study is to analyze the feasibility of building private residential space on top of existing publicly-owned inner-suburban Toronto community centres and library buildings through a public-private partnership. The numerous benefits and feasibility of these 'vertical expansions' to the community and government is validated by the potential ability to increase local access to services, compatibility with wider government planning objectives such as smart growth, and by the capacity to kickstart a virtuous economic cycle to increase quality of place. The appeal to private developers is demonstrated through considerations of the market, money, production, people and environment. Pilot sites where vertical expansions could best succeed are identified based on facility type, 'city 3' suburban status, potential marketability, and basic physical & structural considerations. 16 pilot sites were identified, which were further refined based on property value to identify the pilot sites with the highest potential for success. A model for a reductionist and mutually equitable P3 arrangement for both the development and post-construction management was proposed and informed by the literature review of past P3 case studies.


Author(s):  
Hakan Yurdakul ◽  
Rifat Kamasak

The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.


2021 ◽  
Author(s):  
◽  
Renalia Iwan

<p>Clean water is crucial for survival and economic development. Everyday, people need a sufficient amount and a suitable quality of water for drinking, cleaning and sanitation. However, rapid population growth, pollution and climate change have made water a scarce resource, which everyone competed. The United Nations Development Program's recent report stated that more than 1 billion people, up to this day, are without access to safe drinking water and sanitation. Lack of access to clean water can cause social, economic and health problems. Therefore, there is an urgent need to find solutions to this problem. To solve the problem of water scarcity, International Financial Institutions introduced Public Private Partnership (PPP) in the management of water sector. PPP is a concept which involves private sector participation in the management of drinking water service. In PPP, water is recognized as an economic good which is recognised under the 1992 Dublin Principles. It was hoped that by placing an economic value on water, efficient and equitable use of water can be achieved. It was also hoped that it would encourage conservation and protection of water resources. However, studies show opposite results from the Principle. Jakarta drinking water service is one example of a failed PPP. Jakarta, the Capital City of Indonesia, adopted Public Private Partnership (PPP) in the management of its drinking water service in 1998. The twenty five years concession contract was granted to Thames Water International (TWI) and its local partner, Kekarpola Airindo (KATI), now known as Thames PAM Jaya (TPJ). This company is responsible for the management of Eastern Jakarta drinking water service. This research was aimed to evaluate Thames PAM Jaya (TPJ) performance on water provision in Eastern Jakarta, ten years into the twenty five years concession by undergoing a qualitative research method. A range of semi-structured interviews were used to: gain perceptions and opinions of each stakeholder on the Public Private Partnership (PPP), identify the advantages and/or disadvantages of the water privatization in the capital city and to identify the constraints and limitations facing the private sector. Participants involved in this research include Government officials, Thames PAM Jaya, Jakarta Water Supply Regulatory Body (JWSRB), non governmental organizations (NGOs), and TPJ customers. The analysis concludes that Public Private Partnership (PPP) in Eastern Jakarta does not bring improvement to the region's drinking water service. Thames PAM Jaya (TPJ) had failed in fulfilling targets set in the Cooperation Agreement. Lack of transparency and public tendering in the process of forming the public private partnership may have contributed to this poor performance because the proper search for a competent partner was short circuited. Political interference in the bidding process is a form of corruption in which the company granted the contract was clearly complicit. The water tariff in Jakarta is not only the highest in Indonesia, but it is also the highest in the Southeast Asia region. The quality of its service, however, is still of poor quality. Limited access to water due to its high price and low service has resulted in water hacking and the on-going use of groundwater. The Cooperation Agreement, on the other hand, has locked the Government of Indonesia into a long term partnership which is very disadvantageous for the government and the residents. Private sector involvement should be the last alternative to improve the management of the water supply service in Indonesia.</p>


Author(s):  
Даниїл В. Лапоног

The article seeks to provide insights into contemporary research in public-private partnership development in the road transport market. The study reviews a range of world public-private partnership best practices which demonstrate that effective interaction between government and business at different levels (national, subnational and regional) allows to attract and allocate investment resources more effectively, thus contributing to creating new jobs, promoting better infrastructure development and enhancing the overall quality of life in the country. It is argued that among the key factors boosting the public-private partnership market development the most significant is the level of institutionalization. It is also asserted that this factor, in combination with the relevant political environment and the capital market specifics, facilitates building successful partnerships. Moreover, government initiatives together with legal and regulatory interaction frameworks shape solid foundation to encourage further public-private partnership development by gaining positive effects from successful implementation of such partnerships, designing roadmaps and unified standard procedures and processes aimed at simplifying the relationships between the private sector and the government. Apart from the above, it is highlighted that the institutional factor aligned with the government strategic goals affects the formation and legitimation of public-private partnership markets. The study also provides argument that through the models of public-private partnerships the public sector can benefit, in the first place by utilizing resources of private companies, thus fostering further infrastructure development and raising the effectiveness and efficiency of road transport services market. The findings reveal that the purpose of public-private partnership programs institutionalization in the sector of road transport services is to enhance government motivation to attract private investment and offer new road network services based on public-private partnership contracts which will contribute to ensure the quality of road services.


2014 ◽  
Vol 41 (2) ◽  
pp. 164-177 ◽  
Author(s):  
Valipour Alireza ◽  
Yadollahi Mohammadreza ◽  
Rosli Mohamad Zin ◽  
Nordin Yahaya ◽  
Norhazilan Md. Noor

The decision making for risk allocation problems in public–private partnership (PPP) projects is a vital process that directly affects the timeliness, cost, and quality of the project. Fair risk allocation is a vital factor to achieve success in the implementation of these projects. It is essential for private and public sectors to apply efficient risk allocation approaches to experience a more effective process of agreement arbitration and to reduce the appearance of dispute during the concession period. The aim of this study is to develop an optimization approach to enhance risk allocation process in PPP projects. The shared risks in projects are identified through comprehensive literature review and questionnaire survey obtained from Malaysian professionals involved in PPP projects. Objective functions are then developed to minimize the total time and cost of the project and maximize the quality while satisfying risk threshold constraints. The combinatorial nature of the risk allocation problem describes a multi-objective situation that can be simulated as a knapsack problem (KP). The formulation of the KP is described and solved applying genetic algorithm (GA). Due to the flexibility of GA, the results are Pareto Optimal solutions that describe the combinations of risk percentages for shared risks in PPP projects.


2016 ◽  
Vol 13 (1) ◽  
pp. 17-21
Author(s):  
Ingrida Baková ◽  
Pavol Schwarcz

Abstract The paper focuses on quality of life of inhabitants in Slovak countryside as well as conditions for development of municipalities on possibilities of drawing European funds and the performance of Local Action Groups. Its main objective is to evaluate the effect of the Slovak Rural Development Programme 2007-2013 measures on increasing the quality of life in a selected region and to compare results in municipalities that were part of a public-private partnership and those they did not participate. The paper mainly deals with quality of life indicators defined in the field of employment and quality of employment.


2021 ◽  
Vol 2 (517) ◽  
pp. 56-61
Author(s):  
B. S. Shuliuk ◽  

The article is aimed at examining the peculiarities of implementation of public-private partnership concession projects in various sectors of the economy in both Ukraine and the world. The main approaches to understanding the essence of the concept of «concession» are considered and its characteristic features are defined. The procedure of operation of the concession mechanism is disclosed. Risks of public-private partnership participants in the process of implementation of concession projects in Ukraine are determined. The need to provide the State support to stimulate the participation of a private partner in long-term projects is substantiated. It is specified that such support should be provided in order to implement the most necessary public-private partnership projects to significantly improve the living conditions of the population in a particular region. It is determined that, unlike Ukraine, the concession mechanism is actively used in various sectors of the world economy, in particular, successfully implemented projects in the transport sector (roads, railways, ports, airports, pipeline transport), housing and communal services (water supply, water purification, electricity supply). At that, the transport industry dominates, while heat supply and waste treatment are the least popular. Prospects for further research in this direction are the search for ways to improve the domestic concession mechanism in the process of implementing public-private partnership projects, taking into account the best achievements of world experience. This will allow to attract financial resources of business in various forms of cooperation in terms of public-private partnerships, and, consequently, to improve the quality of services provided to the population.


2020 ◽  
pp. 152-167
Author(s):  
L.L. Hrytsenko ◽  
O.I. Tverezovska

With reference of crisis’s deepening processes at the present stage of national economy’s development there is emerge a reduction in investment by both the private sector and public institutions. At the same time, one of the important components of creating a favorable climate for Ukraine’s economic growth is the development of infrastructure. Up today a set of problems related to the fixed assets` obsolescence in almost all areas of economic activity, physical and moral deterioration of equipment, lack of investment in infrastructure, lack of budget funding for infrastructure investment and innovation projects, etc. Consequently, there is a need to find qualitatively new tools and mechanisms for investment development of Ukraine’s economy, also forms and methods of investment interaction between the state and business based on public-private partnership (hereinafter – PPP). The effective interaction between the state and the private sector in PPP together with well-organized risk management system will allow investing in the development of production capacity, accelerate industrial growth, expand domestic and foreign markets, improve the quality of goods, works and services, improve public services, improve investment attractiveness and business activity. The research in the article is devoted to public-private partnership, which arises as a result of partnership between the state and business. PPP today is one of the qualitatively new tool and mechanism for investment development of Ukraine's economy. The world practice of PPP projects’ application, their most widespread types in different countries is investigated in the work. At present PPP is quite widely, especially in Europe, in the implementation of socio-economic tasks, such as ensuring effective governance in the field of PPP, reducing burden on the budget, strengthening the social responsibility of business, improving the quality of life of the country`s population, etc.


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