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

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Author(s)
World Bank
Keywords
CREDIT RISK
PUBLIC FINANCE
PUBLIC SECTOR EMPLOYEES
FINANCIAL DISTRESS
PUBLIC SECTOR
TRANSACTION
PUBLIC ADMINISTRATION REVIEW
SOCIAL INFRASTRUCTURE
PUBLIC MONEY
PUBLIC POLICY
SERVICE DELIVERY
INFORMATION DISCLOSURE
ADMINISTRATIVE ASPECTS
ECONOMIC PERFORMANCE
CORRUPTION
PUBLIC FINANCES
MEMBERS OF PARLIAMENT
ACCOUNTABILITY
TAX REVENUE
CAPACITY BUILDING
RISK SHARING
ASSETS
LEGAL ENVIRONMENT
EXCHANGE RATE
CREDIBILITY
PUBLIC ASSET
PENALTY
PUBLIC ADMINISTRATION
PENALTIES
LEGITIMACY
PUBLIC SECTOR COMPARATOR
TAX TREATMENT
POLITICAL ECONOMY
ROADS
LEGISLATORS
PUBLIC PARTICIPATION
JOINT STOCK COMPANIES
PUBLIC INFRASTRUCTURE
SHAREHOLDER
PUBLIC INVESTMENTS
POLITICAL CONTROL
CREDIT ENHANCEMENT
REPAYMENTS
LENDERS
INSTITUTIONAL OBSTACLES
DOMESTIC CURRENCY
CASH FLOW
PRIVATIZATION
GOOD GOVERNANCE
ECONOMIC DEVELOPMENT
LACK OF TRANSPARENCY
PRIVATE FINANCE
MARKET FAILURE
CORRUPT
RISK OF CORRUPTION
DECISION MAKING PROCESS
EXTERNALITIES
PRIVATE PARTY
TRANSPARENCY
STANDARD CONTRACT
BEST PRACTICE
COLLATERAL
CAPITAL MARKETS
PUBLIC PROCUREMENT
INTELLECTUAL PROPERTY
URBAN GOVERNANCE
INVESTMENT CHOICES
FINANCIAL CONSTRAINTS
TREATY
WHITE ELEPHANT
CORPORATE GOVERNANCE
PAYMENT SYSTEM
SUPERVISION MECHANISM
INSTITUTIONAL MECHANISMS
CITIZENS
PRINCIPAL-AGENT RELATIONSHIP
CORRUPT PRACTICE
BEST PRACTICES
CONTRACT DESIGN
PRIVATE INVESTOR
BUSINESS TRANSACTIONS
INFRASTRUCTURE DEVELOPMENT
REVOLUTION
CONTRACTUAL RELATIONSHIPS
PUBLIC SERVICES
BENEFICIARIES
PUBLIC ORGANIZATION REVIEW
DECISION-MAKING
PUBLIC MANAGEMENT
EXECUTION
CONSUMER PROTECTION
FINANCIAL ANALYSIS
FOREIGN CURRENCY
POLITICIANS
AUDITOR
AMOUNT OF RISK
COLLECTIVE ACTIONS
LEGAL INSTRUMENTS
INSTITUTIONAL PERFORMANCE
PUBLIC CONTROL
BID
INSTITUTIONAL MECHANISM
CONTRACTUAL OBLIGATIONS
FINANCES
CONSTITUENCIES
INTEGRITY
COMMON LAW
PROVISIONS
INSTRUMENT
FINANCIAL RISK
DECISION MAKERS
PRIVATE INVESTMENT
TRANSACTION COSTS
DISCRETION
MINISTRY OF FINANCE
FINANCIAL INSTABILITY
CONFIDENCE
INTERNATIONAL DEVELOPMENT
FINANCIAL STRUCTURES
FISCAL COSTS
CONFLICT OF INTEREST
FINANCIAL STRUCTURE
REPRESENTATIVES
REGULATORY AGENCY
MARKET REFORM
SECURITIES
LEVEL PLAYING FIELD
TRANSACTION COST
PUBLIC INVESTMENT
PUBLIC SUPPORT
MARKET VALUE
AUCTIONS
PROCUREMENTS
REMEDY
ADMINISTRATIVE ARRANGEMENTS
LEGISLATION
PROFIT MARGIN
REGULATORY FRAMEWORK
ACCOUNTING
PRIVATE SECTOR
INCOME
LOCAL AUTHORITIES
CURRENCY
CONFLICTS OF INTEREST
LOCAL ADMINISTRATIONS
BIDS
INSTITUTIONALIZATION
LENDER
SCANDAL
INVESTMENT DECISION
BRIBES
PUBLIC FUND
PUBLIC FUNDS
RENEGOTIATION
PUBLIC
PUBLIC OFFICIALS
PUBLIC PRIVATE PARTNERSHIPS
LEVEL OF RISK
PUBLIC GOODS
INVESTMENT ALTERNATIVE
LAWS
CASH FLOWS
LIABILITY
PUBLIC SECTOR PAY
EQUIPMENT
GOVERNANCE ISSUES
DEBT
CONTINGENT LIABILITIES
LEGAL SYSTEM
USER CHARGES
TRANSPARENT DISCLOSURE
INITIATIVE
GOVERNMENT DEBT
BALANCE SHEET
ECONOMIC TRANSACTIONS
BIDDING
LEGAL SYSTEMS
INVESTMENT RISKS
PUBLIC WORKS
AUDITORS
INSTITUTIONAL FRAMEWORK
DECISION MAKING
ASYMMETRIC INFORMATION
ABUSES
CIVIL LAW
PRIVATE PARTIES
PUBLIC OFFICIAL
RENEGOTIATIONS
DECISION-MAKING PROCESS
FISCAL POLICY
EXPENDITURE
DISCLOSURE REQUIREMENTS
PUBLIC BORROWING
TREASURY
TAX
CONSTITUTION
LEGAL INSTRUMENT
PUBLIC SERVICE
AUTHORITY
NATIONAL SECURITY
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URI
http://hdl.handle.net/20.500.12424/96975
Online Access
http://hdl.handle.net/10986/12665
Abstract
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.
Date
2013-03-12
Identifier
oai:openknowledge.worldbank.org:10986/12665
http://hdl.handle.net/10986/12665
Copyright/License
CC BY 3.0 Unported
Collections
Corruption and Transparency Collection
Responsible Leadership Collection

entitlement

 

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