Good Governance in Public-Private Partnerships : A Resource Guide for Practitioners

Public-Private Partnerships (PPPs) provide a new 'model' for infrastructure service delivery, which combines elements borrowed from other legal economic and financial structures. A mixture of elements derived from public procurement, project finance, concession contracts, and policy network theories provides the background for PPPs structures. PPPs not only articulate such elements in one product but also constitute separate evolutions of the structures they originate from. In part, PPPs have been created to solve some problems those domains have generated or were not able to solve efficiently. However, PPPs are not meant to replace those domains but to provide alternative options to them. The natures of PPPs are associated with a new contract, procurement and relationship type. For some, a PPP is a new 'contract type' whose main characteristics are risk sharing between the public and private party; bundling of construction and operation; output base specifications; and long term commitments serve to define and distinguish the type others PPPs as a 'procurement type', alternative to traditional public procurement (including outsourcing), and concession. For some others, PPPs constitute new 'relationship types' between the Public Administration (PA), private parties and stakeholders involved in an infrastructure service delivery project. Indeed, a PPP is all of the above: a new contract, procurement, and relationship type. The origin of these typological diversities is mainly due to the different perspective legislators, practitioners, and scholars have had toward PPPs.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2009-06
Subjects:	ABUSES, ACCOUNTABILITY, ACCOUNTING, ADMINISTRATIVE ARRANGEMENTS, ADMINISTRATIVE ASPECTS, AMOUNT OF RISK, ASSETS, ASYMMETRIC INFORMATION, AUCTIONS, AUDITOR, AUDITORS, AUTHORITY, BALANCE SHEET, BENEFICIARIES, BEST PRACTICE, BEST PRACTICES, BID, BIDDING, BIDS, BRIBES, BUSINESS TRANSACTIONS, CAPACITY BUILDING, CAPITAL MARKETS, CASH FLOW, CASH FLOWS, CITIZENS, CIVIL LAW, COLLATERAL, COLLECTIVE ACTIONS, COMMON LAW, CONFIDENCE, CONFLICT OF INTEREST, CONFLICTS OF INTEREST, CONSTITUENCIES, CONSTITUTION, CONSUMER PROTECTION, CONTINGENT LIABILITIES, CONTRACT DESIGN, CONTRACTUAL OBLIGATIONS, CONTRACTUAL RELATIONSHIPS, CORPORATE GOVERNANCE, CORRUPT, CORRUPT PRACTICE, CORRUPTION, CREDIBILITY, CREDIT ENHANCEMENT, CREDIT RISK, CURRENCY, DEBT, DECISION MAKERS, DECISION MAKING, DECISION MAKING PROCESS, DECISION-MAKING, DECISION-MAKING PROCESS, DISCLOSURE REQUIREMENTS, DISCRETION, DOMESTIC CURRENCY, ECONOMIC DEVELOPMENT, ECONOMIC PERFORMANCE, ECONOMIC TRANSACTIONS, EQUIPMENT, EXCHANGE RATE, EXECUTION, EXPENDITURE, EXTERNALITIES, FINANCES, FINANCIAL ANALYSIS, FINANCIAL CONSTRAINTS, FINANCIAL DISTRESS, FINANCIAL INSTABILITY, FINANCIAL RISK, FINANCIAL STRUCTURE, FINANCIAL STRUCTURES, FISCAL COSTS, FISCAL POLICY, FOREIGN CURRENCY, GOOD GOVERNANCE, GOVERNANCE ISSUES, GOVERNMENT DEBT, INCOME, INFORMATION DISCLOSURE, INFRASTRUCTURE DEVELOPMENT, INITIATIVE, INSTITUTIONAL FRAMEWORK, INSTITUTIONAL MECHANISM, INSTITUTIONAL MECHANISMS, INSTITUTIONAL OBSTACLES, INSTITUTIONAL PERFORMANCE, INSTITUTIONALIZATION, INSTRUMENT, INTEGRITY, INTELLECTUAL PROPERTY, INTERNATIONAL DEVELOPMENT, INVESTMENT ALTERNATIVE, INVESTMENT CHOICES, INVESTMENT DECISION, INVESTMENT RISKS, JOINT STOCK COMPANIES, LACK OF TRANSPARENCY, LAWS, LEGAL ENVIRONMENT, LEGAL INSTRUMENT, LEGAL INSTRUMENTS, LEGAL SYSTEM, LEGAL SYSTEMS, LEGISLATION, LEGISLATORS, LEGITIMACY, LENDER, LENDERS, LEVEL OF RISK, LEVEL PLAYING FIELD, LIABILITY, LOCAL ADMINISTRATIONS, LOCAL AUTHORITIES, MARKET FAILURE, MARKET REFORM, MARKET VALUE, MEMBERS OF PARLIAMENT, MINISTRY OF FINANCE, NATIONAL SECURITY, PAYMENT SYSTEM, PENALTIES, PENALTY, POLITICAL CONTROL, POLITICAL ECONOMY, POLITICIANS, PRINCIPAL-AGENT RELATIONSHIP, PRIVATE FINANCE, PRIVATE INVESTMENT, PRIVATE INVESTOR, PRIVATE PARTIES, PRIVATE PARTY, PRIVATE SECTOR, PRIVATIZATION, PROCUREMENTS, PROFIT MARGIN, PROVISIONS, PUBLIC, PUBLIC ADMINISTRATION, PUBLIC ADMINISTRATION REVIEW, PUBLIC ASSET, PUBLIC BORROWING, PUBLIC CONTROL, PUBLIC FINANCE, PUBLIC FINANCES, PUBLIC FUND, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC MANAGEMENT, PUBLIC MONEY, PUBLIC OFFICIAL, PUBLIC OFFICIALS, PUBLIC ORGANIZATION REVIEW, PUBLIC PARTICIPATION, PUBLIC POLICY, PUBLIC PRIVATE PARTNERSHIPS, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SECTOR COMPARATOR, PUBLIC SECTOR EMPLOYEES, PUBLIC SECTOR PAY, PUBLIC SERVICE, PUBLIC SERVICES, PUBLIC SUPPORT, PUBLIC WORKS, REGULATORY AGENCY, REGULATORY FRAMEWORK, REMEDY, RENEGOTIATION, RENEGOTIATIONS, REPAYMENTS, REPRESENTATIVES, REVOLUTION, RISK OF CORRUPTION, RISK SHARING, ROADS, SCANDAL, SECURITIES, SERVICE DELIVERY, SHAREHOLDER, SOCIAL INFRASTRUCTURE, STANDARD CONTRACT, SUPERVISION MECHANISM, TAX, TAX REVENUE, TAX TREATMENT, TRANSACTION, TRANSACTION COST, TRANSACTION COSTS, TRANSPARENCY, TRANSPARENT DISCLOSURE, TREASURY, TREATY, URBAN GOVERNANCE, USER CHARGES, WHITE ELEPHANT,
Online Access:	http://documents.worldbank.org/curated/en/2009/06/16465546/good-governance-public-private-partnerships-resource-guide-practitioners https://hdl.handle.net/10986/12665
Tags:	Add Tag No Tags, Be the first to tag this record!