Public Private Partnerships: The Worldwide Revolution In Infrastructure Provision And Project Finance

Description

`This book provides an excellent insight into the operation and issues affecting PPPs and is highly recommended reading for academics, students, public sector agencies, private firms and professionals keen to develop their understanding of this increasingly important method of infrastructure procurement.' - Public Infrastructure Bulletin `The boundaries between the public and private sector are the most important political issue of our time. This book is an invaluable guide to the issues in public private partnerships.' - John Kay, author of The Truth about Markets This path-breaking book considers the recent trend for governments to look increasingly to private sector finance, provided by private enterprises constructing and managing public infrastructure facilities in partnership with government bodies. One outstanding feature of the book is that it brings together an academic assessment of this phenomenon with practitioner-based experience of organizing partnerships and advising government bodies in Australia, Canada, Continental Europe, Hong Kong and the UK. While the volume, as a whole, draws on this extensive experience of the market, there are also a number of specific case studies. Developments in the major advanced countries are covered, along with the potential for public private partnerships in developing countries and transition economies. Combining practitioner knowledge and academic perspective and integrating engineering, economics and finance literature, Public Private Partnerships will be of great interest to economists, engineers, investment banks and government bodies. Contents: Foreword 1. The Nature of Partnerships 2. The Revolution in Infrastructure 3. The Origins of Partnerships 4. Partnerships and Conventional Procurement of Infrastructure 5. The Structure of Partnership Agreements 6. Issues in Public Private Partnerships 7. Risk Management 8. The Governance of Partnerships 9. PPPs in Emerging Markets 10. An Assessment References Index