Public-Private Partnerships

E. R. Yescombe 지음

elsevier 2011년 04월 01일 출간

작품소개

책소개

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment).
This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs.

The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains:
* The different types of PPPs and how these have developed
* Why PPPs are attractive to governments
* General policy issues for the public sector in developing a PPP programme
* PPP procurement procedures and bid evaluation
* The use of project-finance techniques for PPPs
* Sources of funding
* Typical PPP contracts and sub-contracts, and their relationship with the project??s financial

목차

Introduction; What are Public-Private Partnerships?; PPPs??For and Against; PPPs Worldwide; Cash Flow and Investment Analysis; The Public-Sector Investment Decision; Public-Sector Procurement and Contract Management; The Private-Sector Investor??s Perspective; Project Finance and PPPs; Private-Sector Financing??Sources and Procedures; Financial Structuring; Financial Hedging; Lenders?? Cash-flow Controls, Security and Enforcement; Service-Fee Mechanism; Risk Evaluation & Transfer; Changes in Circumstances and Termination; Funding Competition, Debt Refinancing and Equity Sale; Alternative Models

출판사 서평

Yescombe??s "Public-Private Partnerships: Principles of Policy and Finance"?is an invaluable tool for those studying or working in the PPP field.? ?Thorough in scope, it covers all the major issues in PPP making it the most comprehensive reference document that has emerged to date.

--Jane Peatch, Executive Director, Canadian Council for Public-Private Partnerships

?"Public-private partnerships have become the main mechanism for infrastructure development in Mexico. With this book the author provides us with a powerful tool for analysis, structuring, and financing of this type of operation."

--Jose L. Ochoa, Chief Credit Officer of Banobras, Mexico

?"I'm both a researcher and a practitioner in the PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him many views and concerns. He was able to produce a book simultaneously broad and concise, but rich in description and advice.

?Yescombe's book on "Public-Private Partnerships" covers a broad range of issues, providing helpful and detailed guidance for contract design and for tender design. It is useful both for the researcher who needs to understand incentive schemes and for the practitioner who needs to design new contractual mechanisms able to cope with current changes in risk perception and valuation."

--Rui Sousa Monteiro, Senior Economist, Parp첬blica, Portugal

Mr. Yescombe provides a unique and comprehensive exposition on the processes, players and current practices on structuring PPPs. This book is a friendly introduction to the subject for beginners, as well as a useful reference for practitioners.

--Akash Deep, Harvard University

작가정보

저자(글) E. R. Yescombe

프로젝트 파이낸스, PPP/PFI 분야 전문 컨설턴트이다. 그는 프로젝트 파이낸스, 리스, 수출금융, 부동산 및 자산금융 분야에서의 풍부한 경험을 바탕으로 발전, 인프라 및 PPP/PFI 프로젝트를 추진하는 사업주와 정부기관들 앞 자문과 강의를 제공하고 있다. 그가 저술한 프로젝트 파이낸스와 PPP 책들은 Google Scholar에서 1,000회 이상 인용되었다. 그는 런던의 Bank of Tokyo-Mitsubishi와 그 전신인 Bank of Tokyo(당시 최대 일본계 은행)에서 프로젝트 파이낸스 그룹장을 역임하면서 발전, 경제적/사회적 인프라, 통신, 자원개발, 리스, 항공기 금융 및 부동산 금융 부문 자문을 제공하고 금융을 주선하였다. 그는 영국 옥스퍼드 대학에서 법학을 전공하였다.