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Andrés has 18+ years of experience working in the field of PPP and Infrastructure finance and now acts as independent senior advisor to investors and governments. Previous positions of Andrés include Partner head of Infrastructure & PPPs at Deloitte (the past 6 years), founder partner of...
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CP3P is the leading educational program that strengthens global capacity to design and implement sustainable PPPs. The PPP Guide has been accessed by 2.5 million people and over 4,500 professionals have gained certification.
The World Association of PPP Units & Professionals (WAPPP) and APMG...
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Body of Knowledge:
Establishing a PPP Framework
Finally, having executed the contract, the PPP enters the final and longest “stage” – managing the contract throughout its operational phase. The challenge is to ensure the PPP provides Value for Money throughout the contract, not just at the Construction Phase. This typically requires ongoing...
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Body of Knowledge:
Strategy Delivery and Commissioning
A tangible contract management function assists in managing obligations in an effective manner; this saves the two parties significant time and effort and provides benefits in terms of business strategies and procedures.
Contracts dictate every aspect of key business strategies and relationships....
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Body of Knowledge:
PPP Introduction and Overview
For a PPP to be successful, the government must protect and maximize VfM throughout the preparation and implementation process and the life of the contract. A failure to achieve the expected VfM constitutes a project failure.
Success in managing the PPP process is achieved by avoiding project...
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Body of Knowledge:
Establishing a PPP Framework
Budgeting for PPPs involves making sure that money is appropriated and available to pay for whatever cost the government has agreed to bear under its PPP projects. Because such costs may be contingent or occur in the future, PPP budgeting can be hard to manage in traditional annual budget cycles....
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Body of Knowledge:
Operations and Handback
5.1. Payment Mechanisms
The mechanism by which the private partner receives revenue with which it covers its costs, services its debt obligations, and generates a profit must be linked to the performance of its obligations under the PPP contract. The very heart of risk transfer and, therefore,...
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Body of Knowledge:
Establishing a PPP Framework
A well designed and implemented procurement is central to achieving Value for Money from the PPP. Procurement processes can include marketing the PPP, checking the qualifications of bidders, inviting and evaluating proposals, interacting with bidders during the process, selecting the preferred...
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Body of Knowledge:
Appraising PPP Projects
At the Appraisal Phase, the project must be accurately described in financial terms to allow for several feasibility exercises to produce meaningful results. For example, the following appraisal exercises in box 4.5 use some variation of the financial description of the project.
BOX 4.5:...
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Body of Knowledge:
PPP Introduction and Overview
The government may seek to financially support a project when it is an economically viable user-pays project, but the projected revenue on the basis of use is not enough for the project to be commercially viable. Another reason is to keep the price of services provided by the assets at a level...
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Body of Knowledge:
Appraising PPP Projects
Chapter 2 (section 1.8.5) presented the rationale for establishing a framework to account for the liabilities and the assets resulting from PPP contracts. In fact, many countries develop specific rules that determine how they should account for and report their financial commitments.
Analyzing the...
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Body of Knowledge:
PPP Introduction and Overview
a) The Challenge of the Availability of Long-Term Finance
Private finance PPPs require long-term finance, the majority of which should be in the form of debt so as to maximize financial efficiency through gearing[51] (see section 7).
A sound financial structure requires that the debt is denominated...
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Body of Knowledge:
Appraising PPP Projects
Chapter 2 (section 1.7.5) introduced some of the key points generally considered as decision drivers for governmental departments responsible for making the procurement decision. These decision drivers are often translated into national PPP frameworks. As introduced in chapter 1, having policy...
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Media:
Blog posts
The Foundation level training, aimed at candidates from public sector institutions in Lesotho, was delivered in Maseru by Training Byte Size, an accredited training provider. Candidates from ministries and municipalities with a mixed skill set and experience level in delivering PPPs attended the...
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Body of Knowledge:
PPP Introduction and Overview
This section explains further the concept of infrastructure and public assets. It provides examples of infrastructure types that are usually developed under PPP schemes.
Public Assets and Infrastructure
This PPP Certification Guide is about procuring public tangible assets using a PPP process....
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Body of Knowledge:
PPP Introduction and Overview
Contracts for the procurement of services or management of existing infrastructure can be divided into two categories.
“At-risk” long-term management or service contracts that can be regarded as PPPs (these are service PPPs, not DBFOM contracts); and
Contracts that are regarded as conventional O...
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Marcos Siqueira is a recognized expert in PPPs in Brazil, with a multidisciplinary background and over ten years of hands-on experience preparing and managing PPP contracts. Marcos began his career as financial advisor for governments and was later hired by the government of Minas Gerais, in Brazil...
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Body of Knowledge:
Strategy Delivery and Commissioning
The private partner will have a limited set of events for which it can claim to:
Extend the completion date by which the asset must be created, commissioned, and operated
Extend the expiry of the PPP contract (effectively an extension to the period in which it can earn revenue from operating the...
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Body of Knowledge:
PPP Introduction and Overview
Section 4 (Motivations for using PPPs) described the features and value drivers of a PPP, that is, those characteristics that allow the government and the taxpayer to benefit from incremental efficiency when procuring suitable projects as PPPs. But the section also signals some conditions necessary...
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Body of Knowledge:
PPP Introduction and Overview
Grant financing (or pure co-financing) is not the only way to increase affordability and/or the commercial feasibility and bankability in PPP projects. There are other instruments (revolving, such as public loans or “co-lending”) and techniques (which may be referred to as de-risking or as credit...
