Public-private partnerships Principles of policy and finance

Individual Investors - Project Management

nfrastructure - Economics - Finance

Public-Private Sector Co-Operation

Contents: Front Cover; Public-Private Partnerships: Principles of Policy and Finance; Copyright Page; Contents; List of Figures; List of Tables; Introduction; Chapter 1 What are Public-Private Partnerships?; 1.1 Introduction; 1.2 Public Infrastructure and the Private Sector; 1.3 Public-Private Partnerships; 1.4 Development and Structures; 1.5 PPPs and Public Infrastructure; 1.6 Types of PPP; Chapter 2 PPPs-For and Against; 2.1 Introduction; 2.2 New Public Management, Privatisation and PPPs; 2.3 Budgetary Benefit; 2.4 Additionality; 2.5 Financing Cost and Risk Transfer 2.6 Risk Transfer and Value for Money2.7 Economies of Scale; 2.8 Whole-Life Costing and Maintenance; 2.9 Private-Sector Skills; 2.10 Public-Sector Reform; 2.11 Complexity; 2.12 Flexibility; 2.13 PPPs and Politics; Chapter 3 PPPs Worldwide; 3.1 Introduction; 3.2 Developing PPP Programmes; 3.3 Legal Framework; 3.4 United Kingdom; 3.5 United States; 3.6 Australia; 3.7 France; 3.8 Korea; 3.9 Spain; 3.10 South Africa; Chapter 4 Cash Flow and Investment Analysis; 4.1 Introduction; 4.2 Net Present Value/Discounted Cash Flow; 4.3 Internal Rate of Return 4.4 Problems with DCF and IRR Calculations4.5 Uses in PPPs; Chapter 5 The Public-Sector Investment Decision; 5.1 Introduction; 5.2 Economic Justification; 5.3 Value for Money and the Public-Sector Comparator; 5.4 Affordability; 5.5 Balance-Sheet Treatment; Chapter 6 Public-Sector Procurement and Contract Management; 6.1 Introduction; 6.2 Project Management; 6.3 Procurement Procedures; 6.4 Other Procurement Issues; 6.5 Due Diligence; 6.6 Contract Management; 6.7 External Advisers; Chapter 7 The Private-Sector Investor's Perspective; 7.1 Introduction; 7.2 The Investment Pool 7.3 The Investment Decision7.4 Bidding and Project Development; 7.5 Joint-Venture Issues; 7.6 The Project Company; 7.7 External Advisers; Chapter 8 Project Finance and PPPs; 8.1 Introduction; 8.2 Development of Project Finance; 8.3 Features of Project Finance; 8.4 The Project-Finance Market; 8.5 Why Use Project Finance for PPPs?; Chapter 9 Private-Sector Financing-Sources and Procedures; 9.1 Introduction; 9.2 The Rôle of the Financial Adviser; 9.3 Commercial Banks; 9.4 Bond Issues; 9.5 Bank Loans v. Bonds; 9.6 Mezzanine Debt; Chapter 10 Financial Structuring 10.1 Introduction10.2 The Financial Model; 10.3 Model Inputs and Outputs; 10.4 Financing Costs; 10.5 Debt Profile; 10.6 Cover Ratios; 10.7 Relationship between Cover Ratio, Leverage and Equity Return; 10.8 Accounting and Taxation Issues; 10.9 Recourse to the Sponsors; Chapter 11 Financial Hedging; 11.1 Introduction; 11.2 Interest-Rate Risk; 11.3 Inflation Issues; Chapter 12 Lenders' Cash-Flow Controls, Security and Enforcement; 12.1 Introduction; 12.2 Control of Cash Flow; 12.3 Security; 12.4 The Rôle of Insurance; 12.5 Events of Default; 12.6 Intercreditor issues