The refinancing of PFI (Private Finance Initiative) projects represents one of the most contentious aspects of Public Private Partnerships (PPPs) in the UK. The negative publicity associated with UK PFI refinancing deals is associated with several factors, including, evidence of massive private...

To enhance private sector development and increase the impact of Private Sector Development (PSD) Strategy Projects, there is a need for a comprehensive program that will link business climate reforms to cluster development initiatives and to improvements at the firm level. To develop such an...

This report provides a review of IDB Group activities supporting private participation in infrastructure between 1990 and 1997. It is intended to serve as a reference in the development of its infrastructure strategies. By compiling in a single document all the actions that promote private...

Because of the complexities associated with the water pricing and public-private partnership issue and their relevance to water management of the future, the Third World Water Centre for Water Management, the Inter-American Development Bank and the Agencia Nacional de Aguas of Brazil sponsored...

В статье анализируются некоторые новые формы государственно-частного партнерства, получившие развитие в сфере инфраструктуры Японии в последние годы. Особое...

This paper is concerned with the cost-efficiency of Private Finance Initiatives (PFIs) in the delivery of hospital facilities in the UK. We outline a methodology for identifying the “fair” return on equity, based on the Weighted Average Cost of Capital (WACC) of each investor. We apply this...

Private finance has brought to public-private partnerships a third-party overlook on the contracts. Bringing into the appraisal of PPP deals banks and rating agencies results in outsourcing the due diligence of the project to the party best suited to perform it. This reduction in asymmetries of...

This paper examines the UK experience of PPP/PFI from a value for money perspective. It argues that a rounded view of overall performance has to consider the procurement process, the construction of the asset procured, and the operational performance that follows. Important changes have been...

Public-private partnerships (PPPs) are long-term partnerships between the public and private sectors that usually involve the private sector undertaking investment projects that traditionally have been executed (or at least financed) and owned by the public sector. This paper considers...

Over the past two decades, many developing countries have grown to become more familiar with the notions and the use of public-private partnership/private financing initiative (PPP/PFI) schemes in building large-scale infrastructure assets. However, owing to higher levels of complexity and...