| Description |
1 online resource (177 pages) |
| Contents |
Intro -- Preface -- Contents -- About the Authors -- List of Figures -- List of Boxes -- List of Tables -- Chapter 1: Public-Private Partnerships for Infrastructure and Service Delivery: An Introduction -- 1.1 Public-Private Collaborations in General: A Comprehensive Framework -- 1.2 PPP: Main Features and Applications -- 1.3 Policy Goals Beyond PPP and the Challenges to Achieve Them -- 1.4 From Traditional to Strategic Procurement: Lessons from Covid-19 to Create a Shared Culture to Foster Partnership Between Public and Private Sectors -- Bibliography |
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Chapter 2: Private Investments for Infrastructure -- 2.1 Investing in Infrastructure -- 2.2 Blended Finance: A Meso-Level Partnership to Attract Investors (also) in Infrastructure -- 2.3 Specific Policy Measures to Attract Investors in PPP Transactions -- References -- Chapter 3: PPP Legal Framework -- 3.1 The Development of an EU Legal Framework on PPP -- 3.2 Court Case Law on Concessions and the Concessions Directive: No More Ambiguities and False Myths -- 3.2.1 The First Myth: "Operating Risk Must be Quantified So As to Reach a Certain Minimum Amount." |
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3.2.2 The Second Myth: "Operating Risk may Only be Based on Demand" -- 3.2.3 The Third Myth: "Concessions are Based on a Three-Party Relationship, Whereby the Concessionaire Recoups its Investments and Costs Through Tariffs (Actually or Virtually16) Paid by Users" -- 3.3 The EPEC Guidance Note -- 3.4 Normal Operating Conditions and Operating Risk Versus Other Contract Risks -- 3.5 Operating Risk: Between the Concessions Directive and Eurostat Principles -- 3.6 Brief Notes on Procedural Aspects -- Chapter 4: PPP Contracts and Features -- 4.1 Introduction -- 4.2 User Fee-Based PPP |
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4.3 Availability-based PPP -- 4.4 Build, Lease, and Transfer -- 4.5 How to Link PPP Payments to Inflation -- 4.6 Modifications and Re-negotiation of PPP Contracts: A Legal Perspective -- References -- Chapter 5: Project Risks and Optimal Allocation -- 5.1 Risks Classification -- 5.2 Estimating the Cost of Risks -- 5.3 PPP Accounting in the European Union -- Appendix -- Chapter 6: From Traditional to Outcome-based Public-Private Partnerships: Social Impact Bonds -- 6.1 The Rise of SIBs -- 6.2 SIBs' Features Emerging from International Experiences -- 6.3 Some Critical Reflections on SIBs |
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6.4 Can SIBs' Experience and Philosophy be Applied to Traditional PPP Contracts? -- References -- Chapter 7: Principles of Capital Budgeting for Infrastructure Financing -- 7.1 The Aim of Capital Budgeting for Infrastructure Financing -- 7.2 Capital Budgeting Tools for Investment Appraisal -- 7.2.1 Pro-forma Financial Plan -- 7.2.1.1 Cash Flow Calculation -- 7.2.2 Profitability Metrics: NPV, IRR, and the Appropriate Discount Rates -- 7.2.2.1 The Time Distribution and Value of Cash Flows -- 7.2.2.2 NPV -- 7.2.2.3 IRR -- 7.2.2.4 The Appropriate Discount Rates -- 7.2.3 Cover Ratios: DSCR |
| Summary |
By merging public and private tangible and intangible capitals, Public Private Partnerships contracts (PPP) are fundamental to generate public value and to support economic and social development; in the aftermath of Covid-19 pandemic, they prove critical to pave the way for the recovery. This book is intended to support the co-evolution of the main public and private players involved in PPP contracts for infrastructure and service delivery, by providing principles, based on the academic and professional experience of the authors, that can be applied across sectors and jurisdictions. Drawing on the framework of public-private collaborations at macro, meso and micro level, this book provides a practical perspective on the most relevant legal, financial and contractual issues of PPP contracts for infrastructure and service delivery. Veronica Vecchi is Associate of Practice at SDA Bocconi School of Management, of Bocconi University, Italy. She is author of numerous publications on Public Private Collaborations and serves as consultant for development banks and governments on PPP contracts. Francesca Casalini is Junior Lecturer at SDA Bocconi School of Management, Italy, and PhD Candidate and Research Assistant at the Institute of Systemic Governance and Public Management at the University of St. Gallen, Switzerland. Niccolo Cusumano is Associate of Practice at SDA Bocconi School of Management, of Bocconi University, Italy. Velia M. Leone is Founding Partner of Leone & Associati Law Firm, Italy, after being the resident partner of a London-based law-firm in Brussels, Belgium. She serves also as external faculty member of SDA Bocconi school of management, Milan, Italy |
| Notes |
7.3 Applying Capital Budgeting Tools to Infrastructure Financing |
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Print version record |
| Subject |
Public-private sector cooperation.
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Public-private sector cooperation
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| Genre/Form |
Electronic books
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| Form |
Electronic book
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| Author |
Casalini, Francesca.
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Cusumano, Niccolò.
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Leone, Velia M.
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| ISBN |
9783030654351 |
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3030654354 |
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