Publié par
Publié le
14 janvier 2011
Nombre de lectures
32
EAN13
9780821385524
Langue
English
Poids de l'ouvrage
1 Mo
Publié par
Publié le
14 janvier 2011
EAN13
9780821385524
Langue
English
Poids de l'ouvrage
1 Mo
How to Engage with
the Private Sector
in Public-Private
Partnerships in
Emerging Markets
Edward Farquharson
Clemencia Torres de Mästle
and E.R. Yescombe
with Javier Encinas How to Engage with
the Private Sector in
Public-Private
Partnerships in
Emerging MarketsHow to Engage with
the Private Sector in
Public-Private
Partnerships in
Emerging Markets
Edward Farquharson
Clemencia Torres de Mästle
and E.R. Yescombe
with Javier Encinas© 2011 The International Bank for Reconstruction and Development / The World Bank
1818 H Street NW
Washington DC 20433
Telephone: 202-473-1000
Internet: www.worldbank.org
All rights reserved
1 2 3 4 14 13 12 11
This volume is a product of the staff of the International Bank for Reconstruction and Develop-
ment / The World Bank. The findings, interpretations, and conclusions expressed in this volume
do not necessarily reflect the views of the Executive Directors of The World Bank or the govern-
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tory or the endorsement or acceptance of such boundaries.
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ISBN: 978-0-8213-7863-2
eISBN: 978-0-8213-8552-4
DOI: 10.1596/978-0-8213-7863-2
Library of Congress Cataloging-in-Publication Data
Farquharson, Edward, 1962–
How to engage with the private sector in public-private partnerships in emerging markets /
Edward Farquharson, Clemencia Torres de Mästle, and E.R. Yescombe ; with Javier Encinas.
p. cm.
Includes bibliographical references.
ISBN 978-0-8213-7863-2 — ISBN 978-0-8213-8552-4 (electronic)
1. Public-private sector cooperation. 2. Infrastructure (Economics)—Finance. 3. Public
works—Finance. I. Torres de Mästle, Clemencia, 1962– II. Yescombe, E. R. III. Title.
HD3871.F37 2010
352.2’9—dc22
2010044905
Cover photos: © World Bank.
Cover design: Naylor Design, Inc.CONTENTS
ACKNOWLEDGMENTS xi
ABOUT THE AUTHORS xiii
ABBREVIATIONSv
1. INTRODUCTION 1
Role of Public-Private Partnerships 3
Scope of the Guide 6
Limits to the Guide 7
2. DEFINING PUBLIC-PRIVATE PARTNERSHIPS 9
Privatization and Management Contracts 9
Small Private Providers of Infrastructure Services 10
User-Fee and Availability-Based Public-Private Partnerships 11
3. SETTING THE FRAMEWORK 15
Policy Rationale 15
Legal and Regulatory Framework 16
Investment Framework 21
Implementation Framework 23
vSummary 26
Case Study: Water and Electricity Services Provision in Gabon 28
4. SELECTING PROJECTS 31
Project Scope and Requirements 33
Can the Project Be Delivered as a Public-Private Partnership? 34
Should the Project Be Delivered as a Public-Private
Partnership? 41
Initial Market Assessment 43
Lessons from Experience: How the Private Sector
Has Addressed Key Risks in Projects 44
Case Study: Hospital Regional de Alta Especialidad del Bajío,
Guanajuato State, Mexico 50
5. FINANCING PPP PROJECTS 53
Lenders and Risk: Bankability 54
Contract Terms: Bankability 57
Equity Investment 57
Contractual Relationships 57
Refinancing 59
Risk Mitigation and Other Sources of Project Funding 61
Output-Based Aid 67
Case Study: São Paulo Metro Line 4, Brazil 69
Case Study: Improved Access to Water Services in
the East Zone of Metro Manila, the Philippines 73
6. PREPARING PROJECTS FOR MARKET 77
Management of the Process 78
Funding for Project Preparation 84
Unsolicited Proposals 85
Project Assessment 86
Case Study: PPP Program in the National
Highways Sector, India 89
vi Contents 7. PROJECT ADVISERS 93
Role of Advisers 93
When to Use Advisers 95
Appointment of Advisers 96
Role of Public-Private Partnership Units 97
Management of Advisers 97
Case Study: Queen Alia Airport Expansion, Amman, Jordan 99
8. MANAGING THE INITIAL INTERFACE WITH
THE PRIVATE SECTOR 103
Preparation for Market Sounding 104
Before the Launch 105
Perception of the Project 107
Role of Development Finance Institutions and Donors 107
Transition to the Procurement Phase 108
9. MANAGING PROCUREMENT 111
Outcome of the Procurement Phase 112
Role of Advisers 112
Role of Development Finance Institutions 113
Bid Stages 113
Project Launch 113
Prequalification 118
Request for Proposals 121
Preferred Bidder and Financial Close 124
Case Study: Inkosi Albert Luthuli Central Hospital,
South Africa 126
10. AFTER SIGNING 133
Managing Contracts 133
Evaluating PPP Projects and Programs 138
Case Study: Sofia Water, Bulgaria 139
Contents vii11. CONCLUSION 145
APPENDIXES 149
A World Bank and PPIAF Private Participation in Infrastructure
Project Database 149
B Sample Extract of a Risk Management Register for
Managing the PPP Project Process 153
C List of PPP Web Sites 159
REFERENCES 167
INDEX71
BOXES
1.1 Port Concessioning and Competition in Colombia 5
3.1 Lessons 24
4.1 Liverpool Direct 35
4.2 Regional Projects 47
5.1 Major Concerns of Project Lenders 56
5.2 Major Concerns of Contractors and Investors 58
6.1 Common Problems in Project Governance 82
6.2 Common Mistakes in Project Preparation 84
8.1 Top 10 Tips for a Successful Market-Sounding Exercise 106
9.1 Project Information Memorandum 116
9.2 Bidders’ Conference 117
9.3 Summary of RfQ for Public-Private Partnership Projects,
Government of India 119
10.1 Tips on Managing Contracts 136
FIGURES
1.1 Investment Commitments to New and Existing
Infrastructure Projects with Private Participation in
Developing Countries, by Sector, 1990–2008 2
1.2 Investment Commitments to New PPI Projects Reaching
Closure in Developing Countries, by Region, 1995–2009 2
viii Contents