Description: Attracting Investors to African Public-Private Partnerships : A Project Preparation Guide

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Attracting Investors to African Public-Private Partnerships : A Project Preparation Guide

What transforms a Public-Private Partnership (PPP) project from a desirable project on a government 'wish list' to an attractive investment opportunity in the eyes of a potential private sector partner? This guide seeks to enhance the cha...

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Bibliographic Details
Main Authors:	Infrastructure Consortium for Africa, Public-Private Infrastructure Advisory Facility
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO LAND ACCOUNTABILITY BANKS BID BIDS CAPITAL COSTS CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL MARKETS CASH FLOW COMMERCIAL INVESTMENT COMMERCIAL TERMS COMMUNITIES COMPETITIVE TENDER CONFLICTS OF INTEREST CONTINGENT LIABILITIES CONTRACT DISPUTES CONTRACTUAL RELATIONSHIP CONTRACTUAL RELATIONSHIPS CREDIBILITY CREDITWORTHINESS CURRENCY DEBT DEBT FINANCING DEBT SERVICE DEVELOPING COUNTRIES DEVELOPMENT FINANCE DISCOUNT RATE DUE DILIGENCE DWELLINGS ELECTRICITY ELECTRICITY SERVICES EQUIPMENT EXPENDITURE FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL STRENGTH FINANCING REQUIREMENTS FOREIGN CURRENCY FOREIGN CURRENCY RISK FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT SUPPORT HOLDING HOMES HOSPITALS INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL BANK INVESTING INVESTMENT ACTIVITIES INVESTMENT OPPORTUNITY INVESTMENT PROJECTS LAND USE LAWS LEGAL FRAMEWORK LEGAL IMPEDIMENTS LEGAL SYSTEM LEGISLATION LEGISLATIVE FRAMEWORK LENDERS LEVEL OF CONFIDENCE LICENSES LOCAL CURRENCY LOCAL GOVERNMENT LONG-TERM COST LONG-TERM DEBT MARKET CONFIDENCE MUNICIPALITIES NATIONAL TREASURY OPERATING COSTS OPERATIONAL RISKS OPPORTUNITY COST PAYMENT OBLIGATIONS PERFORMANCE RISK POLITICAL COMMITMENT PORTS POTENTIAL INVESTORS PRIVATE CAPITAL PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTORS PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROVISIONS PUBLIC PUBLIC ASSETS PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC HOSPITAL PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC WORKS PUBLIC WORKS DEPARTMENT PURCHASING POWER RECOURSE FINANCING REGULATORY CONSTRAINTS REPAYMENT REPAYMENTS RETURN RETURN ON EQUITY RETURNS REVENUE GROWTH RISK MANAGEMENT ROADS SAFETY SHAREHOLDERS STATUTORY REQUIREMENTS SUBSIDIARY TAX TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRAFFIC TRANSACTION TRANSACTION COSTS TRANSFER RISK TRANSFER RISKS TRANSPARENCY TRANSPORT TREASURY UNDERLYING ASSETS USER CHARGES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090127222149 http://hdl.handle.net/10986/2588

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Summary:	What transforms a Public-Private Partnership (PPP) project from a desirable project on a government 'wish list' to an attractive investment opportunity in the eyes of a potential private sector partner? This guide seeks to enhance the chances of developing effective partnerships between the public and the private sectors by addressing one of the main obstacles to the effective delivery of PPP projects: having the right information on the right project for the right partners at the right time. This guide starts with a review of the meaning of the term PPP, which can be difficult to define (chapter two). This is followed by a look at the foundation blocks for engaging with the private sector (chapter three), an assessment of the issues relevant to project selection (chapter four), and a review of the actions involved in preparing projects for market, including how the process should be managed (chapter five). The particular issue of managing advisers is examined in chapter six, while chapter seven looks at how the public sector should interact with the private sector during the project selection and preparation phases, to ensure that decisions made during these phases are based on a realistic view of what the private sector can provide. The last two chapters look briefly at the issues of engagement with the private sector during the competitive procurement, or tender, stage (chapter eight) and after the contract has been signed (chapter nine). While contract signature is often regarded as the conclusion of the process, the true success of the project will depend on the delivery of quality services.