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Publisher ‏ : ‎ Butterworth-Heinemann; 2nd edition (July 16, 2018)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 548 pages
ISBN-10 ‏ : ‎ 0081007663
ISBN-13 ‏ : ‎ 978-0081007662
Item Weight ‏ : ‎ 2.85 pounds
Dimensions ‏ : ‎ 7.6 x 1.2 x 9.3 inches

Public-Private Partnerships (PPPs) have gained popularity as a means of developing and financing infrastructure projects around the world. These partnerships bring together public sector agencies and private sector companies to collaborate on the planning, funding, construction, operation, and maintenance of infrastructure assets.

The success of PPPs depends on a set of principles that guide policy and finance decisions. These principles include:

1. Clear objectives: PPPs should be driven by clearly defined objectives that align with public policy goals. These objectives should be established early in the process and should guide decision-making throughout the project lifecycle.

2. Risk allocation: PPPs involve the allocation of risks between the public and private sectors. The risk allocation should be equitable and should reflect each party’s ability to manage and control specific risks.

3. Value for money: PPPs should deliver value for money for taxpayers and users of the infrastructure asset. This requires a robust assessment of costs and benefits, as well as a comparison of PPPs with traditional procurement methods.

4. Transparency and accountability: PPPs should be transparent and accountable to stakeholders, including the public, regulators, and investors. This includes disclosing financial information, project performance data, and key decision-making processes.

5. Financial sustainability: PPPs should be financially sustainable over the long term. This requires careful consideration of revenue sources, financing structures, and debt levels, as well as the ability to adapt to changing market conditions.

By following these principles, policymakers and project sponsors can maximize the benefits of PPPs while minimizing risks and ensuring the long-term success of infrastructure projects.PPP’s have the potential to accelerate the development of much-needed infrastructure assets and improve the quality of public services for citizens around the world. By adhering to these principles, policymakers and project sponsors can ensure that PPPs deliver value for money, promote transparency and accountability, and support sustainable economic development.
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