scholarly journals Public-Private-Partnership (Ppp) in Nigeria

2019 ◽  
Vol 6 (4) ◽  
pp. 482-501
Author(s):  
Theresa U Akpoghome ◽  
Theophilus Chinedu Nwano
Keyword(s):  
Joint Venture ◽  
Private Investment ◽  
Cost Effective ◽  
Public Private Partnership ◽  
Historical Background ◽  
Private Partnership ◽  
Goods And Services ◽  
Arbitration Clause ◽  
Global Standards ◽  
The Government

Public-Private-Partnership (PPP) in Nigeria is a major issue of discourse among individuals, corporate bodies and government. PPP is a tool to deliver the much needed infrastructural services. Building modern, sustainable and reliable infrastructure is critical for meeting the rising aspirations of millions of people in Nigeria and PPP helps to raise economic growth rates, offers new economic opportunities and facilitates investment in human capital. This paper examines the historical background and types of Public-Private-Partnership in Nigeria. It discovers that the problems or the challenges of Public-Private-Partnership include multiplicity of functions by various bodies, definitional issues, joint venture agreements, conflicts and contractual review conflicts. The paper discovers that one of the major challenge in PPP agreements is the absence of arbitration clause in the contracts. The paper recommends that the insertion of arbitration clause should be encouraged to reduce incidences of prolonged litigation. Synergy among regulatory bodies is also recommended to foster reduction in the issue of double taxation and encourage more private investment participation. The paper concludes that Public-Private-Partnership remains one of the most important developmental avenues available to the government to revive the decaying public corporations, utilities and public goods and services of global standards through cost effective mechanisms.

scholarly journals АНАЛІЗ ТЕНДЕНЦІЙ РОЗВИТКУ СИСТЕМИ ДЕРЖАВНО-ПРИВАТНОГО ПАРТНЕРСТВА НА РИНКУ ПОСЛУГ АВТОМОБІЛЬНОГО ТРАНСПОРТУ

2021 ◽  
Vol 151 (5) ◽  
pp. 94-103
Author(s):  
Даниїл В. Лапоног
Keyword(s):  
Private Investment ◽  
Road Transport ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
The Public ◽  
Partnership Development ◽  
Transport Services ◽  
The Government

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.

scholarly journals Critical Success Factors in Public-Private Partnership

2021 ◽  
Vol 4 (1) ◽  
pp. 81
Author(s):  
Sri Mulyani
Keyword(s):  
Success Factors ◽  
Organizational Factors ◽  
Public Private Partnership ◽  
External Factors ◽  
Structural Factors ◽  
Key Factors ◽  
Private Partnership ◽  
Goods And Services ◽  
Critical Success ◽  
The Government

Public Private Partnership (PPP) is an alternative solution for the government in order to provide public goods and services that the government cannot fulfill itself due to budget constraints.    However, not all PPP implementations are successful. In this article, the determinants of the success of PPP implementation are examined.  The analysis was carried out based on articles discussing the keys success factors of implementing PPP. These articles are taken from articles published in reputable journals. The results of the analysis show that organizational factors, interactional factors, structural factors and external factors are the key factors for the success  of the implementation of PPP.

scholarly journals Delivering Countywide Cost-Effective and Better Education Services: The Models of Public Private Partnership (PPP)

2019 ◽  
Author(s):  
Md. Mahmudul Alam ◽  
Abu Rashed
Keyword(s):  
Social Services ◽  
Capital Investment ◽  
Cost Effective ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Education Services ◽  
The Government ◽  
Increasing Demand ◽  
Private Investors ◽  
Operation Phase

Like other social services, education is one of the essential services that government is obliged to arrange for its country people, but to meet such increasing demand of educational infrastructures, government alone faces hues difficulties in capital investment especially in the developing countries. So, for developing the education infrastructure and providing quality education programmes, Public Private Partnership (PPP) has been proven an advanced tool for government in many of the countries. However, private investors may not have much interest for a typical PPP deal in education sector, because government provides the education services for free at the primary and secondary level. Therefore to make the PPP deal attractive to private investors, this paper suggests two approaches of PPP funding under the Built Operate and Transfer (BOT) models. Both the Viability Gap Funding (VGF) and Annuity Payment provide the investors the required subsidy from the government through payment in the construction or operation phase to make the project viable. This allows private investors to make revenue at expected level and government to save of hues up-front investments. Moreover, among different types of PPP models, the suggested types – BOT - also ensures the quality of education programmes.

Public Private Partnership in Infrastructure - Roads Sector in India

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Dr. P. K. Sinha ◽  
Ms. Sanchari Sinha
Keyword(s):  
Private Sector ◽  
Public Services ◽  
Public Expenditure ◽  
Private Investment ◽  
Public Private Partnership ◽  
Political Accountability ◽  
Private Partnership ◽  
Private Finance ◽  
The Government ◽  
Private Sector Involvement

Public Private Partnership (PPP) has emerged as a key prospective for involving the private sector in the provision of infrastructure and other public services. There is a room for debate as to whether private sector involvement necessarily implies private finance. The term PPP could cover situations where private investment is brought, to improve the efficiency of public expenditure and private finance. PPP are not vehicles for privatizing public services since the Government retains full political accountability for the services. They simply are the means by which the Government can use what private sector offers to improve its own performance. It is done by establishing own arrangements often through legally binding contracts that will bring benefit to both sectors. The private sector needs to earn return on its ability to invest and perform. The Government should therefore look very carefully at PPPs, because if economic advancement can be made via infrastructure improvements, it may meet any increased cost of involving the private sector. This article brings an overview of the PPP terminology in infrastructure with emphasis on the roads sector. It highlights on the framework and sectoral overview of road sector in the light of PPP process and phases.

Foreign Investment in Hospital Sector in India

2017 ◽  
Vol 52 (4) ◽  
pp. 247-264
Author(s):  
Shailender Kumar Hooda
Keyword(s):  
Health Care ◽  
Foreign Investment ◽  
Health Care Services ◽  
Joint Venture ◽  
Tertiary Care ◽  
Private Investment ◽  
Cost Effective ◽  
Hospital Sector ◽  
Care Services ◽  
The Government

This study examines the status and trends of foreign investment inflow in Indian hospital sector and highlights emerging issues. During the liberalized foreign investment regime between 2000 and 2014, a large number of foreign players have been focusing on Indian hospital sector and have enlarged their presence through partnership and investment in joint venture projects. Though foreign investment inflow in hospitals has increased to almost hundred times, it constitutes a small share within total financing of health care. It is the long-term domestic borrowing that predominates. The overall growth in foreign investment has largely been for providing super-speciality and tertiary care services particularly in the metropolitan cities, while investment for primary and secondary cares, clinical research, drugs development, diagnostic services and rural area remained negligible. The study argues that the private investment can play a complementary role in providing tertiary and speciality care services particularly in the untapped hospital market and it should not be considered as the substitute of public provisioning of health care services. The role of the government is warranted to provide cost-effective cares to general population across remotest area of the country.

APPROACHES TO STRUCTURING OF PROJECTS IN THE AIRPORT INDUSTRY

2021 ◽  
Vol 2 (5) ◽  
pp. 91-97
Author(s):  
A. D. KULAKOV ◽  
◽  
K. Yu. RATNIKOV ◽  
Keyword(s):  
Cost Effective ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Property Complex

The article highlights the approaches to structuring the airport property complex in Russian public-private partnership projects. Possible mechanisms of legal and financial structuring are considered. The authors pro-pose the most cost-effective way to implement a concession agreement in the airport industry.

scholarly journals Public Private Partnership (PPP) in Malaysia

2018 ◽  
Vol 2 (4) ◽  
pp. 9-13
Author(s):  
Mahirah Rafie
Keyword(s):  
Future Study ◽  
Public Private Partnership ◽  
New Method ◽  
Private Partnership ◽  
Implementation Project ◽  
Potential Benefits ◽  
The Government

Public Private Partnership (PPP) is not a new method of development in a country. In Malaysia, concept of PPP had been used almost four decades after Malaysian Incorporated Policy had been introduced by the government. The objectives of this present study is to scrutinize defining the concept of PPP, the evolution of implementation PPP, and also characteristic and criteria of PPP based on Public Private Partnership Guidelines. This paper also examines the potential benefits of PPP implementation in Malaysia based on the previous study. Last but not least, issues and recommendation for future study has been suggested to enhance PPP implementation project.

Explaining Public-Private Partnership Projects through Political Factors: An Assessment of Developing Countries

2021 ◽  
pp. 003232172110403
Author(s):  
Noemí Peña-Miguel ◽  
Beatriz Cuadrado-Ballesteros
Keyword(s):  
Developing Countries ◽  
Political Ideology ◽  
Political Competition ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Left Wing ◽  
Political Factors ◽  
Middle Income ◽  
Private Partnership ◽  
The Government

This article analyses the effect of political factors on the use of Public Private Partnerships in developing countries. According to a sample of 80 low- and middle-income countries over the period 1995–2017, our findings suggest that Public Private Partnership projects are affected by political ideology, the strength of the government and electoral cycles. Concretely, they tend to be used by left-wing governments to a greater extent than governments with other ideologies. Public Private Partnerships also tend to be more frequently used by fragmented governments and when there is greater political competition. There is also some evidence (although slight) on the relevance of the proximity of elections in explaining Public Private Partnerships in developing countries.

Lex PPPs as a source of regulation of cross-border relations in the sphere of public-private partnership and the role of international organizations in formation of Lex PPPs

2021 ◽  
pp. 1-10
Author(s):  
Svetlana Valentinovna Maslova
Keyword(s):  
International Organizations ◽  
Private Investment ◽  
Legal Regulation ◽  
Public Private Partnership ◽  
Legal Doctrine ◽  
Private Partnership ◽  
Cross Border ◽  
State Actors ◽  
The Impact

Modern international and cross-border relations in the sphere of public-private partnership (PPP) undergo transformations caused by globalization processes, which leads to the amendments in their legal regulation. The impact of non-state actors increases. Although the toolset for influencing cross-border relations in the sphere of PPP retains its legal core, it is being extended by the rules established by non-state actors outside the international and national legal systems, and carry no legal weight. For PPP as a form of interaction between the state and private investment and business structures, such transformations are particularly noticeable and require precise legal qualification. The scientific novelty of this research consists in providing definition in the international legal doctrine to Lex PPPs as the regulator of cross-border relations in the sphere of public-private partnership. Based on the dialectical, logical, and formal-legal methods, assessment is given to the role of international organizations in the formation of Lex PPPs. In conclusion, the author clarifies the role of Lex PPPs within the system of regulators of public-private partnership, namely that it should not expel the legal regulation of cross-border relations in the sphere of public-private partnership; as well as offers to seek for the new forms of correlation between international law and Lex PPPs and their consolidation through the international legal regulation of public-private partnership.

Liberties and Litigation

2006 ◽  
Author(s):  
James E. Shaw
Keyword(s):  
Early Modern ◽  
Functional Role ◽  
Regulatory System ◽  
Public Private Partnership ◽  
Point Of View ◽  
Public Officials ◽  
Private Partnership ◽  
Market Rules ◽  
The Government

The guilds were essential allies in the operation of the regulatory system, which can be considered an early-modern example of a public/private partnership. Not only were the guilds the chief ‘customers’ of the court, providing much of the funding for public officials, they also had the authority to enforce market rules in their own sector. The price paid for their cooperation was the confirmation of their privileges and the division of the economy into separate sectors. This chapter emphasizes the functional role of guild litigation as opposed to the rhetoric that has surrounded it. From the point of view of a ‘command economy’, guild litigation served no useful purpose. The government considered it to be a waste of money, ‘petty disputes’ of no real significance.

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