Public-Private Partnerships for Infrastructure

Public-Private Partnerships for Infrastructure

Principles of Policy and Finance

2nd Edition - May 29, 2018

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  • Authors: E. R. Yescombe, Edward Farquharson
  • Hardcover ISBN: 9780081007662
  • eBook ISBN: 9780081007679

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Description

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second 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 world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors’ experience and practice in  PPP markets worldwide to provide a perspective on practical application of the key underlying principles Includes an extensive glossary of technical and financial terms used in the PPP sector

Key Features

  • Includes more technical information and a stronger legal perspective than other books
  • Emphasizes a step-by-step approach within a comprehensive, cross-referenced format
  • Expands and updates the historical backgrounds and political contexts of public-private partnerships

Readership

Private sector investors and lenders who want to learn about public-private partnerships. Upper-division undergraduates and graduate students studying the financing of large projects. These students are typically interested in public policy issues and in structured finance, a portfolio of techniques usually implemented by large corporations and commercial banks.

Table of Contents

  • Part I: Introduction
    1. Overview
    2. What Are Public-Private Partnerships?
    3. Cash Flow and Investment Analysis
    Part II: The Public-Sector Perspective
    4. Policy, Legal and Institutional Frameworks
    5. The Project Cycle
    6. Public-Sector Project Management
    7. Assessing Needs, Project Definition and Selection
    8. The PPP Decision—Value for Money
    9. The PPP Decision—Affordability, Budgeting and Reporting
    10. PPP Procurement

    Part III: PPP Risk Analysis and Allocation
    11. Risk Analysis—Theory and Methodologies
    12. Risk Allocation—Construction Phase
    13. Risk Allocation—Operation Phase
    14. The Rôle of Insurance

    Part IV: The PPP Contract
    15. Service-Fee Payment Mechanism
    16. Changes in Circumstances
    17. Termination
    18. Public-Sector Support for PPP Contracts
    19. Public-Sector Contract Management

    Part V: The Private-Sector Perspective
    20. Sponsors and Other Investors
    21. Project Finance and PPPs
    22. Project-Finance Debt—Sources and Procedures
    23. Financial Structuring
    24. Macroeconomic Risks and Hedging
    25. Lenders’ Cash-Flow Controls, Security and Enforcement
    26. Debt Refinancing and Equity Sale

    Part VI: Alternative Models – Summing Up
    27. Alternative Models
    28. PPPs—For and Against

Product details

  • No. of pages: 548
  • Language: English
  • Copyright: © Butterworth-Heinemann 2018
  • Published: May 29, 2018
  • Imprint: Butterworth-Heinemann
  • Hardcover ISBN: 9780081007662
  • eBook ISBN: 9780081007679

About the Authors

E. R. Yescombe

E.R. Yescombe is 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.

Affiliations and Expertise

YCL Consulting, London UK

Edward Farquharson

Affiliations and Expertise

Principal Advisor, European PPP Expertise Centre

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  • dedy s. Thu May 12 2022

    good ebokk

    good ebokk