Methodologies For Assessing Infrastructure Projects Under Public Private Partnerships

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Methodologies for Assessing Infrastructure Projects Under Public-private Partnerships

Author : Zhe Han
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Methodologies for Assessing Infrastructure Projects Under Public-private Partnerships by : Zhe Han

Download or read book Methodologies for Assessing Infrastructure Projects Under Public-private Partnerships written by Zhe Han and published by . This book was released on 2017 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private Partnerships (PPPs) are gaining increasing popularity and acceptance worldwide in delivering public infrastructure services. A combination of scarcity of public funds, the never-ending quest of private investors for new and profitable investment opportunities, and the undisputable need for new capacity and/or improvements in most public infrastructure is fostering this worldwide trend. PPPs, which introduce private capital and expertise in public infrastructure projects, are an efficient and cost-effective financing mechanism to solve this budgetary shortage problem while ensuring the best value for money. Even though researchers and scholars have made great efforts to explore this innovative area, there are still problems unsolved that need to be investigated. This dissertation proposes three methodological frameworks in a logical way to solve a sequence of issues associated with PPP projects so that all the stakeholders involved can make more insightful decisions. First, this dissertation presents a systematic genetic-algorithm-based methodology to minimize public funds employed and thus optimize the capital structure that reflects the characteristics of project financing and aims for win-win–win results for public authorities, equity investors, and lenders. Subsequently, a Monte Carlo Simulation based methodological framework for assessing the investment risks of PPP toll highway projects is proposed, where decision makers can obtain direct information to estimate the project’s overall financial risks and develop corresponding risk control measures. Finally, the dissertation applies the Fourth Order Method of Moments to determine optimal pavement preventive maintenance intervals based on reliability theory, contributing to cases where the distributions for characterizing variable uncertainties are unknown or difficult to obtain due to incomplete data. Therefore, a series of PPP problems is scrutinized: from project capital structure to investment risk assessment, and finally to the scheduling of preventive maintenance activities. Three case studies were conducted to illustrate the proposed methodologies. The insightful findings can be used by all stakeholders and decision makers to support their decision processes and negotiations toward a PPP infrastructure project for successful implementation.

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

Author : Manal Fouad
Publisher : International Monetary Fund
ISBN 13 : 1513576569
Total Pages : 61 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Mastering the Risky Business of Public-Private Partnerships in Infrastructure by : Manal Fouad

Download or read book Mastering the Risky Business of Public-Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Global Developments in Public Infrastructure Procurement

Author : Darrin Grimsey
Publisher : Edward Elgar Publishing
ISBN 13 : 178536619X
Total Pages : 308 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Global Developments in Public Infrastructure Procurement by : Darrin Grimsey

Download or read book Global Developments in Public Infrastructure Procurement written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2017-11-24 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.

Public-Private Partnerships in Infrastructure

Author : Kumar V. Pratap
Publisher : Springer
ISBN 13 : 9811033552
Total Pages : 404 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Public-Private Partnerships in Infrastructure by : Kumar V. Pratap

Download or read book Public-Private Partnerships in Infrastructure written by Kumar V. Pratap and published by Springer. This book was released on 2018-01-09 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides readers with a clear understanding of infrastructure challenges, how Public‐Private Partnerships (PPP) can help, and their use in practice. Infrastructure bottlenecks are generally considered the most important constraint to growth in many countries worldwide. Historically, infrastructure projects have been financed and implemented by the state. However, owing to the fiscal resource crunch, time and cost over‐runs, and the general poor quality of publicly provided infrastructure, many emerging market governments, including India, have increasingly adopted PPPs with billions of dollars of investment riding on them. The results have been varied – from spectacular airports like the Delhi International Airport Limited with the associated controversy over land use, to the renegotiation of contracts as in the case of Tata Mundra Ultra Mega Power Project. Illustrating concepts with relevant case studies, the book makes the challenges of PPPs understandable to industry and management practitioners as well as students of management, public policy and economics. It is useful to practitioners wishing to avoid the pitfalls in the tricky terrain of PPPs and policymakers wanting guidance in crafting proper incentives. It also helps students gain a holistic and “applied” understanding of this increasingly important and popular model. “Public Private Partnerships (PPPs) in India are currently under stress. A comprehensive treatment of the subject by a long-time and erudite practitioner and a management academic, this book should be useful to students trying to learn the basics, while also being valuable to professionals and policy makers. The book suggests that the Government should hold bidders accountable to their submitted bids, thereby preserving sanctity of contract. This will discourage aggressive bidding which has become a serious and endemic problem. The book also suggests the use of better bidding criteria to mitigate traffic risk in transport projects. Policy makers should pay heed to these suggestions as they consider improvements in the PPP policy regime going forward.”—Arvind Subramanian, Chief Economic Adviser, India/div “For a fast-growing India, infrastructure creation and operation is a great challenge and opportunity. This excellent book combines theory and practice on PPPs, and is very useful for professionals and students alike. With case studies and current developments, the authors bring out issues in India with global experiences as well. A must-read for infrastructure practitioners.”—Shailesh Pathak, Chief Executive (Designate), L&T Infrastructure Development Projects Limited “India’s program of private participation in infrastructure attracted worldwide attention as it became one of the largest programs in emerging markets. As well as the volumes of finance mobilized, it garnered interest because of some of the innovative approaches developed, such as Viability Gap Funding. The Indian PPP story is well captured in this book, which also makes the point that India is seeing project cancellations and failures rise. The authors analyze the factors behind this and point the way to a more robust PPP market that learns from the experiences of the past.”—Clive Harris, Practice Manager, Public-Private Partnerships, World Bank/div

Governance and Knowledge Management for Public-Private Partnerships

Author : Herbert Robinson
Publisher : John Wiley & Sons
ISBN 13 : 9781444318753
Total Pages : 264 pages
Book Rating : 4.3/5 (187 download)

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Book Synopsis Governance and Knowledge Management for Public-Private Partnerships by : Herbert Robinson

Download or read book Governance and Knowledge Management for Public-Private Partnerships written by Herbert Robinson and published by John Wiley & Sons. This book was released on 2009-12-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book not only gives a clear picture of the policy andstrategic framework of PFI/PPP projects, the governance andknowledge management issues through different phases from planning,design development to operation and service delivery and theprocesses associated with each phase, but practical tools,methodologies and capabilities needed to deliver PFI/PPP projectsin a range of sectors are also explained. It clearly demonstratesthe key imperatives that are the hallmark of successful programmesand projects no matter what there method of funding or delivery. I have no doubt that, in undertaking the programmes and projectsthat I am responsible for delivering and in undertaking OGC GatewayReviews, to support clients delivering their own programmes andprojects, I will draw on the material contained in thisbook." —From the Foreword by Rob Smith, Director of GatewayReviews and Estates & Facilities, Department of Health There is a growing demand worldwide for transport, healthcare,education, energy and water infrastructure. However, governmentresources are often insufficient to meet the needs of new projectsand to upgrade existing infrastructure. Private participation inpublic infrastructure is therefore increasing but the respectiveroles of the public and private sectors are the subject of intensedebate. This has led to renewed interest in public-privatepartnerships in developed and developing countries. Governance and Knowledge Management for Public-PrivatePartnerships shows how effective governance and knowledgemanagement can improve the performance of PFI/PPP projects. Itprovides an in-depth understanding of different dimensions ofgovernance and how they affect project management structure,processes, and decision-making ability of actors and teams involvedin PFI/PPP projects. The role of knowledge management strategy, theneed for benchmarking knowledge management efforts, specific toolsand methodologies for capturing, sharing and applying knowledge toaccelerate learning and capacity building are also examined. The book is essential reading for all those involved in PFI/PPPprojects, including policy makers, industry practitioners,academics and students. The practical tools for governance andknowledge management it offers make this book particularly usefulfor consultants, contractors and client organisations.

A Methodological Framework for Probabilistic Evaluation of Financial Viability of Transportation Infrastructure Under Public Private Partnerships

Download A Methodological Framework for Probabilistic Evaluation of Financial Viability of Transportation Infrastructure Under Public Private Partnerships PDF Online Free

Author : Aristeidis Pantelias
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.:/5 (436 download)

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Book Synopsis A Methodological Framework for Probabilistic Evaluation of Financial Viability of Transportation Infrastructure Under Public Private Partnerships by : Aristeidis Pantelias

Download or read book A Methodological Framework for Probabilistic Evaluation of Financial Viability of Transportation Infrastructure Under Public Private Partnerships written by Aristeidis Pantelias and published by . This book was released on 2009 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research proposes a methodological framework for the probabilistic evaluation of the financial viability of transportation infrastructure projects procured as Public Private Partnerships (PPPs). In doing so a methodological approach is undertaken. First, this research investigates the various risks of PPP projects, in particular the investment risk in terms of both the depth and its corresponding methods of evaluation, yielding a new method for more accurate estimation. Second, it examines the multiple facets of financial viability, stemming from the different meaning that it has for the various project stakeholders, i.e., the public authority, the lenders and the equity investors. From this study a connection between the financial viability and the investment risk is established for the purpose of using the latter for the assessment of the former. Based on this established connection, this research proposes a general methodological framework that can be used for the probabilistic evaluation of the financial viability of other types of revenue-generating transportation infrastructure projects, procured as PPPs. This framework proposes the evaluation of the financial viability through the estimation of the project's investment risk, using available numerical and/or analytical approximation techniques such as the Method of Moments. The general methodological framework is then utilized for the specific case of highway toll-road concession projects, where detailed and specific quantitative models are devised for the determination of the costs and revenues of these projects. Additionally, and by capitalizing on similar models found elsewhere in the literature, this dissertation also proposes a process to increase the accuracy of the Maintenance and Rehabilitation cost estimates, borrowing concepts stemming from reliability and stochastic processes. The findings of this research are expected to help all project stakeholders with their evaluation of whether or not a project under consideration is capable of achieving their respective financial targets. The proposed methodology can be used as a quantitative tool for project evaluation and investment appraisal by all project stakeholders. However, as in any decision support methodology, the purpose of the proposed framework is not to replace decision makers but to help them make better and informed decisions.

Public-Private Partnerships

Author : E. R. Yescombe
Publisher : Elsevier
ISBN 13 : 0080489575
Total Pages : 357 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Public-Private Partnerships by : E. R. Yescombe

Download or read book Public-Private Partnerships written by E. R. Yescombe and published by Elsevier. This book was released on 2011-04-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains: * The different types of PPPs and how these have developed * Why PPPs are attractive to governments * General policy issues for the public sector in developing a PPP programme * PPP procurement procedures and bid evaluation * The use of project-finance techniques for PPPs * Sources of funding * Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties * Structuring the investment and debt financing * The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing. *Reviews the PPP policy framework and development from an international perspective *Covers public- and private-sector financial analysis, structuring and investment in PPPs *No prior knowledge of project financing required

Risk Pricing Strategies for Public-Private Partnership Projects

Author : Abdelhalim Boussabaine
Publisher : John Wiley & Sons
ISBN 13 : 1118785762
Total Pages : 293 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Risk Pricing Strategies for Public-Private Partnership Projects by : Abdelhalim Boussabaine

Download or read book Risk Pricing Strategies for Public-Private Partnership Projects written by Abdelhalim Boussabaine and published by John Wiley & Sons. This book was released on 2013-10-10 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Pricing Strategies for Public-Private Partnership Projects Innovation in the Built Environment The complexity of public–private partnership (PPP) project procurement requires an effective process for pricing, managing and appropriate allocation of risks. The level at which risk is priced and the magnitude of risks transferred to the private sector will have a significant impact on the cost of the PPP deals as well as on the value for money analysis and on the selection of the optimum investment options. The construction industry tends to concentrate on the effectiveness of risk management strategies and to some extent ignores the price of risk and its impact on whole life cost of building assets. There is a pressing need for a universal framework for the determination of fair value of risks throughout the PPP procurement processes. Risk Pricing Strategies for Public–Private Partnership Projects addresses the issues of risk pricing and demonstrates the use of a coherent strategy to arrive at a fair risk price. The focus of the book is on providing risk pricing strategies to maximise return on risk retention and allocation in the procurement of PPP projects. With its up-to-date coverage of the latest developments in risk pricing, and comprehensive treatment of the methodologies involved in designing and building risk pricing strategies, the book offers a simple model for pricing risks. The book follows a thematic structure: PPP processes map; risk, uncertainty and bias; risk pricing management strategies; risk pricing measurement and modelling; risk pricing at each of the project life-cycle stages – and deals with all the important risk pricing issues, using relevant real-world situations through case study examples. It explains how the theory and strategies of risk pricing can be successfully applied to real PPP projects and reflects the broad understanding required by today’s project risk analysts, in their new and important role in PPP contract management. Also in the IBE series Managing Change in Construction Projects Senaratne & Sexton 978 14443 3515 6 Innovation in Small Professional Practices in the Built Environment Lu & Sexton 978 14051 9140 1 Other books of interest Urban Infrastructure: Finance and Management Wellman & Spiller 978 0 470 65635 8 Project Finance for Construction and Infrastructure Pretorius, Chung-Hsu, McInnes, Lejot & Arner Construction Supply Chain Management Pryke 978 14051 5844 2 Policy, Finance & Management for Public-Private Partnerships Edited by Akintoye & Beck 978 14051 7791 7 Strategic Issues in Public-Private Partnerships, 2nd Edition Dewulf, Blanken & Bult-Spiering 978 0 470 65635 8

Public Sector Decision Making for Public-private Partnerships

Author : Jeffrey N. Buxbaum
Publisher : Transportation Research Board
ISBN 13 : 0309098297
Total Pages : 138 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Public Sector Decision Making for Public-private Partnerships by : Jeffrey N. Buxbaum

Download or read book Public Sector Decision Making for Public-private Partnerships written by Jeffrey N. Buxbaum and published by Transportation Research Board. This book was released on 2009 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: "TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 391: Public Sector Decision Making for Public-Private Partnerships examines information designed to evaluate the benefits and risks associated with allowing the private sector to have a greater role in financing and developing highway infrastructure"--Publisher's description.

The Logic of Public–Private Partnerships

Author : Graeme A. Hodge
Publisher : Edward Elgar Publishing
ISBN 13 : 1784716693
Total Pages : 304 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis The Logic of Public–Private Partnerships by : Graeme A. Hodge

Download or read book The Logic of Public–Private Partnerships written by Graeme A. Hodge and published by Edward Elgar Publishing. This book was released on 2019 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.

Strategic Issues in Public-Private Partnerships

Author : Geert Dewulf
Publisher : John Wiley & Sons
ISBN 13 : 1119968283
Total Pages : 226 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Strategic Issues in Public-Private Partnerships by : Geert Dewulf

Download or read book Strategic Issues in Public-Private Partnerships written by Geert Dewulf and published by John Wiley & Sons. This book was released on 2011-12-29 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing PPP projects is not a routine job, as every PPP project is different and should be managed accordingly. These projects require considerable capability and skills from both public sector and private sector managers involved, Strategic Issues in Public Private Partnerships, Second Edition, delivers the insight and tools necessary to assist those managers. As Public private partnership (PPP) arrangements become an increasingly popular way for national governments to fund and develop public infrastructure and urban areas with private sector contributions, a better understanding of the risks involved is crucial. The second edition of Strategic Issues in Public Private Partnerships : Provides an international overview of the application of concessions - the most common form of PPP [eg PFI (Private Finance Initiative); BO(O)T (Build/Own/Operate/Transfer) or DBFMO (Design/Build/Finance/ Maintain/Operate)]. Focusses on the introduction of concessions and the problems encountered, the solutions found for these problems, and the different approaches to concessions chosen across different countries. Provides a strategic overview for those involved in setting up and managing PPP projects. Illustrates lessons from different national backgrounds and gives managers the insight and tools to manage PPP projects effectively. Essential reading for Contractors & funding organizations involved in PPP projects as well as Researchers in construction management and public administration.

Public-Private Partnerships in Russia

Author : Oleg V. Ivanov
Publisher : Springer Nature
ISBN 13 : 3030563529
Total Pages : 307 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Public-Private Partnerships in Russia by : Oleg V. Ivanov

Download or read book Public-Private Partnerships in Russia written by Oleg V. Ivanov and published by Springer Nature. This book was released on 2020-11-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the history and current state of the public-private partnership (PPP) sector in Russia. It analyzes the legal and institutional framework of PPPs as well as approaches and best practices for public administrations at federal and regional level to promote PPPs. Special attention is given to the management of PPP projects in different phases of their life cycle and to the legal and financial structuring of PPP projects. In addition, the contributions highlight best PPP practices in various sectors - from transport infrastructure to information technology - and also discuss international aspects of PPP. The volume is aimed at scholars in economics and public administration as well as public decision-makers interested in modern trends in the Russian economy and the development of successful business development.

Public–Private Partnerships for Infrastructure Development

Author : Raymond E. Levitt
Publisher : Edward Elgar Publishing
ISBN 13 : 1788973186
Total Pages : 360 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Public–Private Partnerships for Infrastructure Development by : Raymond E. Levitt

Download or read book Public–Private Partnerships for Infrastructure Development written by Raymond E. Levitt and published by Edward Elgar Publishing. This book was released on 2019 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.

The Evaluation of Complex Infrastructure Projects

Author : Lasse Gerrits
Publisher : Edward Elgar Publishing
ISBN 13 : 178347842X
Total Pages : 245 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis The Evaluation of Complex Infrastructure Projects by : Lasse Gerrits

Download or read book The Evaluation of Complex Infrastructure Projects written by Lasse Gerrits and published by Edward Elgar Publishing. This book was released on 2018-06-29 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure projects are notoriously hard to manage so it is important that society learns from the successes and mistakes made over time. However, most evaluation methods run into a conundrum: either they cover a large number of projects but have little to say about their details, or they focus on detailed single-case studies with little in terms of applicability elsewhere. This book presents Qualitative Comparative Analysis (QCA) as an alternative evaluation method that solves the conundrum to enhance learning.

An Assessment of Operations and Maintenance Costs in Public-private Partnerships

Author : Sergio Eduardo Martinez
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis An Assessment of Operations and Maintenance Costs in Public-private Partnerships by : Sergio Eduardo Martinez

Download or read book An Assessment of Operations and Maintenance Costs in Public-private Partnerships written by Sergio Eduardo Martinez and published by . This book was released on 2014 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-private partnerships (PPPs) for the delivery of transportation infrastructure are said to offer increased efficiency resulting from the private sector's life-cycle approach to design and construction. While the literature on PPPs endorses such efficiencies, studies don't provide empirical support for that claim. The goal of this thesis was to assess that notion. Four tasks were carried out to explore that issue. First, a literature review searched for evidence of such efficiencies and methodologies to evaluate them. Second, a simple methodology to evaluate the life-cycle cost-efficiencies of the public and private sectors was proposed. Third, since most PPP projects in the U.S. are recent and currently subject to routine operations and maintenance (O&M), indicators to compare those costs were proposed as well. Fourth, a case study compared the routine O&M costs of a PPP and of those of a system of publicly developed and managed tollroads. The literature review found no empirical evidence of superior O&M cost-efficiency of PPPs, and also, that most studies focused on design and construction cost and schedule overruns. While some studies assessing performance and/or efficiency were at times theoretical and not likely employed in practice, one methodology is proposed to evaluate life-cycle cost-efficiency. The case study results showed that the concessionaire was more cost-efficient in terms of operating expenditures (OPEX) per mile (-60%) and per lane-mile (-53%) than the system. The public system was more cost-efficient in OPEX per vehicle-miles travelled (97%), number of toll transactions (332%), and toll revenue (20%). However, those three indicators depend on traffic volume which during the study period was overwhelmingly greater on the public system. While the case study showed cost-efficiency differences between the public and private sectors, additional research is needed to empirically test the hypothesis of greater efficiency of the private sector. The proposed framework can be used, but adequate data and further assumptions about O&M costs are needed; for that, it is recommended that more comprehensive case studies be performed to obtain detailed empirical data. A better understanding of the differences in cost-efficiency between publicly and privately managed roads will help decision-makers minimize the life-cycle cost of their investments.

Evaluating the Effectiveness of Public-Private Partnership Mechanisms for Investing in Infrastructure

Author : Dmitriy Kuzmin
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Evaluating the Effectiveness of Public-Private Partnership Mechanisms for Investing in Infrastructure by : Dmitriy Kuzmin

Download or read book Evaluating the Effectiveness of Public-Private Partnership Mechanisms for Investing in Infrastructure written by Dmitriy Kuzmin and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the increasing needs of the region in the use of the infrastructure projects of public-private partnership looks the most promising. In this paper we consider the possibility of evaluation mechanism and forecasting of efficiency of investment. The analysis of the specific project, reflecting the main advantages and disadvantages of investors to participate in public-private partnership.

The Green Book

Author : Great Britain. Treasury
Publisher : Stationery Office
ISBN 13 : 9780115601071
Total Pages : 114 pages
Book Rating : 4.6/5 (1 download)

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Book Synopsis The Green Book by : Great Britain. Treasury

Download or read book The Green Book written by Great Britain. Treasury and published by Stationery Office. This book was released on 2003 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition incorporates revised guidance from H.M Treasury which is designed to promote efficient policy development and resource allocation across government through the use of a thorough, long-term and analytically robust approach to the appraisal and evaluation of public service projects before significant funds are committed. It is the first edition to have been aided by a consultation process in order to ensure the guidance is clearer and more closely tailored to suit the needs of users.