Public-private partnership projects in infrastructure : an essential guide for policy makers

Cover -- Half-title -- Title -- Copyright -- Contents -- List of Figures -- Acknowledgments -- CHAPTER ONE Introduction -- 1.1 Fundamentals of PPP -- 1.1.1 PPP Can Be Costly and Slow, Why Bother? -- 1.1.1.1 Efficiency -- 1.1.1.2 Whole Asset Life Solution -- 1.1.1.3 Transparency and Anticorruption -- 1.1.1.4 Technology, Innovation and Know-how -- 1.1.1.5 Sources of Financing -- 1.1.2 Who Are the Key Actors in PPP? -- 1.1.2.1 Grantor -- 1.1.2.2 Project Company -- 1.1.2.3 Lenders -- 1.1.2.4 Multilateral Agencies (MLAs) -- 1.1.2.5 Bilateral Agencies (BLAs) -- 1.1.2.6 Export Credit Agencies (ECAs) -- 1.1.2.7 Offtake Purchaser -- 1.1.2.8 Input Supplier -- 1.1.2.9 Construction Contractor -- 1.1.2.10 Operator -- 1.2 PPP Investment Climate -- 1.2.1 Achieving a Sustainable PPP Investment Climate -- 1.2.2 Institutional Functions -- 1.2.2.1 PPP Units -- 1.2.2.2 Government Coordinating Committee -- 1.2.2.3 Government Risk Management -- 1.2.2.4 Grantor Project Management Team -- 1.2.2.5 Government Incentives to Adopt PPP -- 1.2.3 Legal Context -- 1.2.4 Financial climate -- CHAPTER TWO Project Selection and Preparation -- 2.1 Identifying Strategic Projects for PPP -- 2.1.1 Unsolicited Proposals -- 2.1.2 Verifying Project Viability through Feasibility Studies -- 2.1.3 Approval -- 2.2 Project Preparation -- 2.2.1 The Project Team -- 2.2.2 External Advisers -- 2.2.3 Procurement Process -- 2.2.3.1 Prequalification -- 2.2.3.2 Bid -- 2.2.3.3 Preferred Bidder -- 2.2.3.4 Best and Final Offer (BAFO) -- 2.2.3.5 Single Bids -- 2.2.3.6 Financial Close -- CHAPTER THREE Financing PPP and the Fundamentals of Project Finance -- 3.1 Sources of Financing -- 3.1.1 Equity Contributions -- 3.1.2 Debt Contributions -- 3.1.3 Mezzanine/Subordinated Contributions -- 3.2 Project Finance -- 3.2.1 Off-Balance Sheet and Limited Recourse Financing -- 3.2.2 Bankability.