E.R. Yescombe—“Public-Private Partnerships: Principles of Policy and Finance”
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Public-Private Partnerships: Principles of Policy and Finance |
Partnerstwo publiczno-prywatne: Zasady wdrażania i finansowania |
Javno-privatna partnerstva, načela politike i financiranje |
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Butterworth-Heinemann / Elsevier, 2007 |
Wolters Kluwer Polska, 2008 |
Mate d.o.o., 2010 |
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ISBN: 0750680547 |
ISBN: 978-83-7526-622-1 |
Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing), public utilities (water supply, waste water treatment, waste disposal), government offices and other specialised services (such as communications networks or defence equipment). “Public-Private Partnerships: Principles of Policy and Finance”, based on the author’s practical experience on the public- and private-sector sides of the table, reviews the key policy issues in determining whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction to this subject.
Key Features
The book describes and explains the different types of PPPs and how these have developed
Why PPPs are attractive to governments—and their advantages and disadvantages
General policy issues for the public sector in developing a PPP programme
PPP procurement procedures and bid evaluation
The use of project-finance techniques for PPPs
Sources of funding
Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure
Risk assessment from the points of view of the public sector, investors, lenders and other project parties
Structuring the investment and debt financing
The key issues in negotiating a project-finance debt facility
Extensive glossary and cross-referencing.
Click here for a full table of contents.
“Yescombe’s Public-Private
Partnerships: Principles of Policy and Finance is an invaluable tool
for those studying or working in the PPP field. Thorough in scope, it covers all
the major issues in PPP making it the most comprehensive reference document that
has emerged to date.”
Jane Peatch, Executive Director, Canadian Council for Public-Private
Partnerships
“Mr. Yescombe provides a unique and comprehensive
exposition on the processes, players and current practices on structuring PPPs.
This book is a friendly introduction to the subject for beginners, as well as a
useful reference for practitioners.”
Akash Deep, Senior Lecturer in Public Policy, John F. Kennedy School of
Government, Harvard University
“Public-private partnerships have become the main
mechanism for infrastructure development in Mexico. With this book the author
provides us with a powerful tool for analysis, structuring, and financing of
this type of operation.”
Jose L. Ochoa, Chief Credit Officer, Banco Nacional de Obras y Servicios
Públicos, Mexico
“I'm both a researcher and a practitioner in the
PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him
many views and concerns. He was able to produce a book simultaneously broad and
concise, but rich in description and advice. Yescombe's book on
Public-Private Partnerships covers a broad
range of issues, providing helpful and detailed guidance for contract design and
for tender design. It is useful both for the researcher who needs to understand
incentive schemes and for the practitioner who needs to design new contractual
mechanisms able to cope with current changes in risk perception and valuation.”
Rui Sousa Monteiro, Senior Economist, Parpública, Portugal
“Public-Private
Partnerships: Principles of Policy and Finance offers a systematic
presentation of the recent trend where governments look increasingly to the
private sector for building and managing infrastructure facilities as well as
for providing specialized services. The text covers a wide range of issues, from
very general policy ones faced by authorities in considering whether to adopt
the PPP route, to much more technical ones, including financial analysis,
procurement, financial and legal structuring. Written by an experienced
practitioner, Mr. Yescombe’s work represents an invaluable and authoritative
guide to all parties involved in PPPs from investors, bankers, companies
providing infrastructure and services to public sector authorities and the
public at large as the main user of PPP facilities and/or services. The book
will be an excellent introduction for newcomers into the PPP business as well as
a valuable reference source for all those that already have experience in the
subject.”
Mojmir Mrak, Professor of International Finance, Ljubljana Faculty of
Economics, University of Ljubljana, Slovenia.
“Do you want to become acquainted with public procurement, learn about the fundamental process methods and manner of implementation? A good guide is the book by E. R. Yescombe named Public Private Partnership: Principles of Policy and Finance. The book deals with the system of public procurement but is particularly rich in the structure of Public Private Partnerships, from concession contracts all the way to operation contracts. The author was able to arrange the contents into a clear and acceptable form that covers key moments of financial models comparing the effectiveness of individual scenarios of the implementation of infrastructure projects, particularly with regard to the entire lifecycle of these projects. The objective of the book is to inform the expert public about PPP, whereas, the primary ambition is to describe in detail effects of PPP, risks, specifics, the procedures of public procurement, and evaluations, from the point of view of both the private and the public sectors.”
Jan Šnajdr, Czech PPP Association
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