- 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.
About the Authors
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.
Edward Farquharson is an adviser in the European PPP Expertise Centre (a division of the European Investment Bank) with a background in the public and private sectors in financing and developing PPP projects and policies world-wide.
- 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
PART 1: INTRODUCTION
2. What are Public-Private Partnerships?
3. Cash Flow and Investment Analysis
PART 2: 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 3: 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 4: THE PPP CONTRACT
15. Service-Fee Payment Mechanism
16. Changes in Circumstances
18. Public-Sector Support for PPP Contracts
19. Public-Sector Contract Management
PART 5: 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 6: ALTERNATIVE MODELS
27. Alternative Models
28. PPPs-For and Against
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.