Public-Private Partnerships for Infrastructure

Principles of Policy and Finance

AvE. R. Yescombe,Edward Farquharson

Häftad, Engelska, 2027

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Beskrivning

Public-Private Partnerships for Infrastructure, Third Edition explains how public-private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public-private partnerships continues to develop and evolve worldwide, this leading resource synthesizes the latest approaches, providing a comprehensive guide for those on both the public- and private-sector sides of the table.

The third edition has been updated throughout to reflect changes due to increased focus on climate issues and SDG priorities, new approaches to assessing Value for Money, new information on value capture, new and emerging risks, new market players, and more. This book emphasizes a step-by-step approach within a comprehensive, cross-referenced format. It includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic, and it uses detailed reference points for more experienced practitioners. It draws from the authors’ experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles.

Public-Private Partnerships for Infrastructure, Third Edition is an invaluable resource for public sector PPP policymakers, project procuring authorities as well as private sector investors and lenders. Upper-division undergraduates and graduate students studying the delivery and financing of large projects will also find this book an ideal reference for public policy issues and structured finance.

Takes a practical, sequential approach to the project development and implementation process
Provides more technical information and a stronger legal perspective than other books
Includes an extensive glossary of technical and financial terms used in the PPP sector
New to this edition: new content throughout the book reflecting changes due to increased focus on climate issues and SDG priorities; latest approaches to assessing Value for Money, value capture/mobilizing different sources of funding, and procurement processes; new risks, especially construction inflation and supply risks; recent developments in public sector forms of support; emerging challenges in contract management; updates on market players; new emerging PPP models and the latest debates and polemics.

Produktinformation

Utgivningsdatum:2027-02-01
Mått:191 x 235 x undefined mm
Format:Häftad
Språk:Engelska
Antal sidor:548
Upplaga:3
Förlag:Elsevier Science
ISBN:9780443455483

Utforska kategorier

Redovisning inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap
Privatekonomi inom Ekonomi och Ledarskap

Mer om författaren

E.R. Yescombe has over 30 years’ experience in various forms of structured finance, including project finance, leasing, export credits, real estate and asset finance. A former banker and head of project finance in London for a major international bank, he is now an independent consultant on project finance and public-private partnerships (PPPs), advising investors on financing for power, infrastructure and PPP projects, as well as public-sector entities on PPP policy issues, project procurement and contracting. Edward Farquharson is currently an adviser at European PPP Expertise Centre (EPEC) at the European Investment Bank (EIB) with a background in the public and private sectors in financing and developing PPP projects and policies world-wide. Before joining the EIB, he was the Executive Director of the Private Infrastructure Development Group (PIDG) prior to which he led the international work at Partnerships UK and UK’s PPP national unit at HM Treasury, following a 20-year career advising on and financing projects around the world at a UK investment bank and a development finance institution. He worked on his first PPP project in 1985.

Innehållsförteckning

Part I: Introduction1. Overview2. What Are Public-Private Partnerships?3. Cash Flow and Investment AnalysisPart II: The Public-Sector Perspective4. Policy, Legal and Institutional Frameworks5. The Project Cycle6. Public-Sector Project Management7. Assessing Needs, Project Definition and Selection8. The PPP Decision—Value for Money9. The PPP Decision—Affordability, Budgeting and Reporting10. PPP ProcurementPart III: PPP Risk Analysis and Allocation11. Risk Analysis—Theory and Methodologies12. Risk Allocation—Construction Phase13. Risk Allocation—Operation Phase14. The Role of InsurancePart IV: The PPP Contract15. Service-Fee Payment Mechanism16. Changes in Circumstances17. Termination18. Public-Sector Support for PPP Contracts19. Public-Sector Contract ManagementPart V: The Private-Sector Perspective20. Sponsors and Other Investors21. Project Finance and PPPs22. Project-Finance Debt—Sources and Procedures23. Financial Structuring24. Macroeconomic Risks and Hedging25. Lenders’ Cash-Flow Controls, Security and Enforcement26. Debt Refinancing and Equity SalePart VI: Alternative Models – Summing Up27. Alternative Models28. PPPs—For and Against