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Body of Knowledge:
Appraising PPP Projects
From the financial perspective, a project or contract is considered to be feasible when the expected revenues (inflows) under a reasonable scenario are considered to be sufficient to cover all expected costs (outflows), that is, all operation and maintenance costs, financial costs (interests),...
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Body of Knowledge:
Structuring and Drafting the Tender and Contract
This chapter covers the period from the preliminary decision to invest in a PPP, once the project has been appraised, to the official launch of the tender for the project contract.
It corresponds to two main tasks and areas of knowledge.
The structuring and design of the project contract; and
The...
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Body of Knowledge:
Appraising PPP Projects
The commercial feasibility analysis provides a number of outputs.
For user-pays PPPs, it provides the following:
An assessment of the capacity of the project to attract investors and lenders, from a financial perspective;
An estimate of the government payments (grant financing or supplementary...
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Media:
Blog posts
At conferences, in meetings, and even during casual work conversations, I am asked the same two questions: “Which countries are ideal for investments in infrastructure? Where should the investors invest and what new opportunities should they look toward?”
While sitting in the World Bank gives us...
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Body of Knowledge:
Appraising PPP Projects
An effective market sounding exercise provides an opportunity for a structured dialogue between the private and the public sectors at early stages of the PPP process. This not only tests the viability of the project’s details, but it also obtains precious feedback on how aspects of the project...
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Director of Healthcare Projects
Peter is responsible for business development in the healthcare sector for John Laing, a leading international investor in economic and social infrastructure which has delivered more than 20 major healthcare PPP projects and over 40 clinics and primary care...
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Mr. David Ehrhardt, CEO of Castalia, is a renowned infrastructure expert with over 20 years of experience in developing, implementing, and evaluating PPPs in over 15 countries. He is qualified in law and economics, and has advised on over US$20 billion in PPP transactions in transport, energy,...
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The risk of the taxation framework changing during the course of a contract is generally borne by the private partner when referring to taxes that are part of the common business environment, with exceptions.
In some contexts, a value-added tax (VAT) may be an exception to the general rule, and...
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Body of Knowledge:
PPP Introduction and Overview - Appendix B - Sharia Finance
It is usual for a supporting agreement, known as a services agreement, to be entered into between the SPV and the Islamic funder.
As the Islamic funder has title to the PPP project asset, it therefore has a responsibility to operate, maintain and insure that asset. This will take time and money....
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ndre Luiz Marques, economist, PhD in Energy and Environmental Planning and Master in Administration focusing on finance and logistics and two MBAs in management and leadership. Executive with over 20 years of professional experience mainly in the private sector in leading companies in their...
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Body of Knowledge:
Strategy Delivery and Commissioning
Force majeure events are a limited set of events which may arise during the term of the PPP contract through no fault of either party. These are best managed by the private partner. They are more severe than relief events, will typically last longer and may result in termination of the PPP contract...
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Daan Vermeer is currently completing his PhD thesis on the critical evaluation of strategic PPP/PFI investment vehicles for social infrastructure portfolios. His doctoral work is linked to UCL’s MSc course in Infrastructure Investment & Finance, and supported by the UK’s Major Projects...
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An assured provider of exceptional service
This organization has been accredited by APMG – benchmarked against exacting standards.
Foster Infrastructure has delivered more than 20 CP3P trainings in a diverse range of countries, as well as numerous other infrastructure and PPP-related trainings. We...
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Body of Knowledge:
Tendering and Awarding the Contract
Chapter 2.9.3 of the PPP Certification Guide explains the importance and significant benefits of transparency and proactive disclosure in PPP programs. It also provides examples of disclosure policies that are considered to be good practice. In some jurisdictions, it is compulsory to publicly...
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E.R. Yescombe is a consultant on public-private partnerships and project finance, with many years’ experience in various forms of structured finance, including project finance, leasing, export credits, property and asset finance. He has advised government entities on PPP policy issues and contract...
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Body of Knowledge:
Strategy Delivery and Commissioning
Monitoring the performance of the private partner is a primary function of the contract management team of the government. In most PPPs, the performance monitoring and reporting is done by the private partner, making the function largely one of assurance that the reporting is accurate and auditing...
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Laurence Carter is the Senior Director of the Public-Private Partnerships Group of the World Bank Group. The PPP Group advises on the strategic direction and goals for the WBG on PPPs, supports coordination across the WBG, promotes partnerships and facilitates global knowledge about PPPs. ...
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Body of Knowledge:
Strategy Delivery and Commissioning
Issue management usually comes into effect when significant risks arise or materialize. The PPP contract management manual should include issue management procedures that deal with irregularities and mitigate the issues that lead to risk materialization.
Conflict and issues typically occur within a...
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Body of Knowledge:
Appraising PPP Projects
PPP contracts allocate risks between the government and the private partner. In fact, risk allocation is one of the most important tasks conducted during the whole of project preparation since it underlies most of the PPP’s potential advantages, as presented in chapter 1.5.2.
During the structuring...
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Maintenance risk may refer to the risk of improper maintenance resulting in a lack of performance, which is implicit and covered in availability and performance risk analysis.
But maintenance risk also refers to the risk of higher costs for maintenance operations and plans (including current...
