How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets

How do governments establish successful long-term public-private partnerships (PPPs) in emerging PPP markets? How do they ensure that the public partner has the right information, on the right projects, for the right partners, at the right time? This book guides the reader through the life of a PPP and provides a realistic overview of the necessary steps to successfully engage and manage such a partnership from the early stages. It presents a framework that highlights the requirements, options, and challenges that governments are likely to face when embarking into PPPs, and explains how to address them so that a sound PPP program can be implemented and the benefits for both partners-public and private-can fully materialize. This book draws on experiences from both mature and developing PPP markets across the world, and case studies illustrate the key messages throughout. 'How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets' discusses the policies, processes, and institutions needed to select the right projects and then manage preparation for market and subsequent operation. This book identifies the underlying principles of why and how the various processes are carried out. It illustrates how a wide range of PPPs can be implemented in different sectors and how legal and administrative systems vary. Particularly important in light of the recent financial crisis, this book provides an introduction to the various approaches to finance projects as well as the policy responses that governments have recently adopted. It also looks at the role and proper selection of advisers to support the government in the preparation, bidding, and monitoring of PPPs. This book is especially valuable for public officials who are involved with infrastructure projects and services through partnership with the private sector and for decision makers in institutions who are looking to support PPP programs.