|
|
xiv | |
|
|
xvi | |
|
|
xvii | |
Preface |
|
xviii | |
Acknowledgements |
|
xxi | |
|
1 Introduction to public-private partnerships |
|
|
1 | (27) |
|
|
1 | (1) |
|
|
2 | (2) |
|
1.3 Definitions of other terms |
|
|
4 | (3) |
|
|
4 | (1) |
|
|
5 | (1) |
|
|
5 | (1) |
|
1.3.4 Greenfield and brownfield PPPs |
|
|
6 | (1) |
|
1.3.5 Terms used in place of PPP in some jurisdictions |
|
|
6 | (1) |
|
1.4 The rationale for adopting PPPs |
|
|
7 | (3) |
|
|
10 | (3) |
|
|
10 | (1) |
|
1.5.2 The Private Finance Initiative (PFI) |
|
|
11 | (2) |
|
1.6 PPP distinguished from other similar types of procurement |
|
|
13 | (3) |
|
1.6.1 PPPs vs public-sector procurement |
|
|
13 | (1) |
|
1.6.2 PPPs vs privatisation |
|
|
14 | (1) |
|
|
15 | (1) |
|
1.7 Advantages and disadvantages of PPPs |
|
|
16 | (2) |
|
1.8 The critical success factors for PPPs |
|
|
18 | (3) |
|
1.8.1 A favourable framework for PPP |
|
|
19 | (1) |
|
1.8.2 Transparency and anticorruption |
|
|
19 | (1) |
|
1.8.3 Ensuring a healthy investment environment for PPPs |
|
|
20 | (1) |
|
1.9 The PPP project cycle |
|
|
21 | (1) |
|
1.10 Selecting the right projects for PPPs |
|
|
21 | (2) |
|
1.10.1 The scope of the project and requirements |
|
|
22 | (1) |
|
1.10.2 Is the project PPP viable? |
|
|
22 | (1) |
|
1.11 Affordability, risk allocation, bankability and value for money |
|
|
23 | (2) |
|
|
25 | (3) |
|
2 The framework for public-private partnerships |
|
|
28 | (23) |
|
|
28 | (1) |
|
2.2 The need for a framework |
|
|
29 | (1) |
|
|
30 | (4) |
|
2.3.1 Policymaking in Brazil, India, Nigeria and South Africa |
|
|
31 | (3) |
|
2.4 Legal framework for PPP |
|
|
34 | (3) |
|
2.4.1 Key issues for a PPP legal framework |
|
|
34 | (3) |
|
2.5 The institutional framework |
|
|
37 | (4) |
|
2.5.1 A role for state institutions |
|
|
38 | (2) |
|
2.5.2 How the institutional framework can be designed to support PPPs |
|
|
40 | (1) |
|
2.6 Creation of a PPP law |
|
|
41 | (2) |
|
2.7 Setting up the PPP unit |
|
|
43 | (2) |
|
2.8 Regulation of PPP contracts |
|
|
45 | (1) |
|
2.9 Resolution of PPP disputes |
|
|
45 | (2) |
|
2.9.1 The challenge with PPP disputes |
|
|
47 | (1) |
|
|
47 | (1) |
|
2.10 Protection for PPP assets |
|
|
47 | (1) |
|
|
48 | (3) |
|
3 The public-private partnership contract |
|
|
51 | (24) |
|
|
51 | (1) |
|
3.2 The PPP procurement process |
|
|
52 | (3) |
|
3.2.1 The stages of a PPP project |
|
|
53 | (2) |
|
3.3 The elements of a PPP contract |
|
|
55 | (7) |
|
3.3.1 The concession agreement |
|
|
58 | (1) |
|
|
59 | (3) |
|
3.4 Designing the main concession or PFI contract |
|
|
62 | (2) |
|
3.5 PPP arrangements and sanctity of contract |
|
|
64 | (8) |
|
3.5.1 The classical approach to sanctity of contract |
|
|
71 | (1) |
|
3.5.2 A modern approach to sanctity of contract |
|
|
71 | (1) |
|
|
72 | (3) |
|
|
75 | (13) |
|
|
75 | (1) |
|
|
75 | (2) |
|
|
77 | (1) |
|
4.4 The framework for PPP in Brazil |
|
|
78 | (5) |
|
4.5 Stable political and social environment |
|
|
83 | (4) |
|
4.5.1 The socio-political environment and PPP in Brazil |
|
|
83 | (3) |
|
4.5.2 Public agencies administering PPP in Brazil |
|
|
86 | (1) |
|
4.6 Sponsored and common concessions |
|
|
87 | (1) |
|
4.7 The parties to a Brazilian PPP contract |
|
|
88 | (1) |
|
4.7.1 The public authority |
|
|
88 | (1) |
|
4 7.2 The project company |
|
|
88 | (14) |
|
|
88 | (1) |
|
|
89 | (1) |
|
4.8 Scorecard for PPP projects in Brazil |
|
|
89 | (2) |
|
4.9 Brief case studies of PPP projects in Brazil |
|
|
91 | (2) |
|
4.9.1 PCH Figueiropolis and PCH Ludesa |
|
|
91 | (1) |
|
4.9.2 Hospital do Suburbio |
|
|
92 | (1) |
|
4.9.3 Belo Horizonte schools |
|
|
93 | (1) |
|
4.10 Good governance and PPP in Brazil |
|
|
93 | (5) |
|
|
98 | (4) |
|
|
102 | (19) |
|
|
102 | (1) |
|
|
102 | (2) |
|
5.3 Legal framework for PPP in India |
|
|
104 | (1) |
|
5.4 Land acquisition for PPP purposes |
|
|
105 | (1) |
|
5.5 Stable political and social environment |
|
|
106 | (1) |
|
5.6 Well-organised and committed public agencies |
|
|
107 | (1) |
|
5.7 Scorecard for PPP in India |
|
|
108 | (3) |
|
5.8 Brief case studies of flagship PPP projects in India |
|
|
111 | (2) |
|
5.8.1 Bhubaneswar street lighting |
|
|
111 | (1) |
|
5.8.2 Berhampur solid-waste management |
|
|
112 | (1) |
|
5.8.3 The Tuni Anakapalli Annuity Road Project |
|
|
112 | (1) |
|
5.9 Good governance and PPP |
|
|
113 | (4) |
|
5.9.1 Strong public-sector capacity |
|
|
115 | (1) |
|
5.9.2 Community involvement |
|
|
116 | (1) |
|
|
116 | (1) |
|
5.9.4 Efficient risk sharing |
|
|
116 | (1) |
|
|
117 | (1) |
|
|
117 | (4) |
|
|
121 | (39) |
|
|
121 | (1) |
|
|
122 | (4) |
|
6.3 Nigeria's federal system and PPP |
|
|
126 | (5) |
|
6.3.1 The Exclusive Legislative List vs necessity |
|
|
127 | (1) |
|
6.3.2 Items in the Exclusive Legislative List |
|
|
128 | (2) |
|
6.3.3 Items in the Concurrent Legislative List |
|
|
130 | (1) |
|
6.4 The essence of a framework |
|
|
131 | (2) |
|
6.5 How PPP is administered in Nigeria |
|
|
133 | (2) |
|
6.5.1 Regulations under the Infrastructure Concession Regulatory Commission Establishment (Etc.) Act of 2005 |
|
|
133 | (1) |
|
6.5.2 Conventional public procurement vs PPP |
|
|
134 | (1) |
|
6.6 Other laws to be considered |
|
|
135 | (4) |
|
6.6.1 The Public Enterprises and Commercialisation Act (PECA) of 1999 |
|
|
136 | (1) |
|
6.6.2 The Utilities Charges Commission Act (UCCA) of 1992 |
|
|
136 | (1) |
|
6.6.3 The Environmental Impact Assessment Act (ELAA) of 1992 |
|
|
136 | (1) |
|
6.6.4 The Debt Management Office Establishment (Etc.) Act (DMOA) of 2003 |
|
|
137 | (1) |
|
6.6.5 The National Inland Waterways Act (NIWA) of 1997 |
|
|
137 | (1) |
|
6.6.6 The Highways Act (Laws of the Federal Republic of Nigeria No. 35) (HA) of 1971 |
|
|
138 | (1) |
|
6.6.7 The Fiscal Responsibility Act No. 31 (FRA) of 2007 |
|
|
138 | (1) |
|
6.7 Regulations at the sub-national level |
|
|
139 | (2) |
|
|
139 | (1) |
|
|
139 | (1) |
|
|
140 | (1) |
|
|
141 | (1) |
|
6.8 Laws regulating Foreign Direct Investments (FDI) for infrastructure |
|
|
141 | (3) |
|
6.8.1 The Nigerian Investment Promotion Commission Act (NIPCA) of1998 |
|
|
142 | (1) |
|
6.8.2 Provisions relating to investments |
|
|
143 | (1) |
|
6.8.3 Protection for FDI under the Foreign Exchange (Monitoring and Miscellaneous) Provisions Act (FEMMA) of 1995 |
|
|
143 | (1) |
|
6.9 Case studies of PPP projects in Nigeria |
|
|
144 | (11) |
|
6.9.1 The Lagos Ibadan Expressway project |
|
|
144 | (3) |
|
6.9.2 Lekki-Epe Concession Toll Road Project |
|
|
147 | (3) |
|
6.9.3 Murtala Mohammed Airport Terminal 2 |
|
|
150 | (2) |
|
6.9.4 Cross River State Hospital |
|
|
152 | (1) |
|
|
153 | (2) |
|
|
155 | (5) |
|
|
160 | (30) |
|
|
160 | (1) |
|
7.2 Legislative framework for PPP in South Africa |
|
|
161 | (5) |
|
7.2.1 The Constitution of the Republic of South Africa |
|
|
162 | (1) |
|
7.2.2 The Public Finance Management Act of 1999 |
|
|
163 | (1) |
|
7.2.3 Treasury Regulation 16 (2004) to the Public Finance Management Act (Act No. 1 of 1999) |
|
|
163 | (2) |
|
7.2.4 The Municipal Finance Management Act (Act No. 56 of 2003) |
|
|
165 | (1) |
|
7.2.5 Municipal Systems Act (Act No. 32 Of 2003) |
|
|
165 | (1) |
|
7.2.6 The PPP manual and the standardised PPP provisions |
|
|
166 | (1) |
|
7.3 South Africa's PPP policy |
|
|
166 | (2) |
|
7.4 Institutional framework for PPP in South Africa |
|
|
168 | (2) |
|
7.4.1 The National Treasury's PPP Unit |
|
|
168 | (2) |
|
7.4.2 Institutions of government |
|
|
170 | (1) |
|
7.5 PPP practice in South Africa |
|
|
170 | (9) |
|
|
171 | (1) |
|
7.5.2 Feasibility study phase |
|
|
171 | (1) |
|
|
172 | (1) |
|
7.5.4 Implementation phase |
|
|
173 | (1) |
|
|
174 | (1) |
|
7.5.6 Funding of PPPs in South Africa |
|
|
174 | (3) |
|
7.5.7 Protecting funds invested in PPP projects |
|
|
177 | (1) |
|
7.5.8 The Protection of Investment Act No. 22 of 2015 |
|
|
178 | (1) |
|
7.6 Case studies of PPP projects in South Africa |
|
|
179 | (6) |
|
7.6.1 The N4 from South Africa to Mozambique |
|
|
180 | (1) |
|
7.6.2 The Pelonomi and Universitas Hospital Co-location, Bloemfontein |
|
|
181 | (2) |
|
7.6.3 The prison contracts |
|
|
183 | (1) |
|
7.6.4 South Africa's Gautrain |
|
|
184 | (1) |
|
7.7 Challenges to the implementation of PPP in South Africa |
|
|
185 | (2) |
|
|
187 | (3) |
|
8 A comparative examination of the regulatory environment for public-private partnership for Brazil, India, Nigeria and South Africa |
|
|
190 | (22) |
|
|
190 | (1) |
|
8.2 The establishment of an adequate legal framework |
|
|
191 | (10) |
|
8.2.1 Brazil's PPP framework |
|
|
192 | (1) |
|
8.2.2 India's PPP framework |
|
|
193 | (1) |
|
8.2.3 Nigeria's PPP framework |
|
|
194 | (1) |
|
8.2.4 South Africa's PPP framework |
|
|
195 | (1) |
|
8.2.5 Similarities in the frameworks of the selected countries |
|
|
196 | (3) |
|
8.2.6 Dissimilarities in the frameworks of the selected countries |
|
|
199 | (2) |
|
8.3 Innovations and good practice |
|
|
201 | (5) |
|
|
201 | (1) |
|
|
202 | (1) |
|
|
202 | (1) |
|
|
203 | (3) |
|
8.4 Weaknesses of the frameworks in the selected jurisdictions |
|
|
206 | (3) |
|
|
206 | (1) |
|
|
207 | (1) |
|
|
207 | (1) |
|
|
208 | (1) |
|
|
209 | (3) |
|
9 Conclusion: the future of public-private partnerships in emerging economies |
|
|
212 | (13) |
|
|
212 | (1) |
|
9.2 A clear understanding of what PPP is and how it works |
|
|
212 | (2) |
|
9.3 The challenge facing emerging economies |
|
|
214 | (2) |
|
9.4 How to ensure successful PPP regimes in emerging \ economies |
|
|
216 | (7) |
|
|
216 | (1) |
|
9.4.2 Unlocking the domestic financial market |
|
|
217 | (1) |
|
9.4.3 Respect for rule of law and sanctity of contract |
|
|
218 | (4) |
|
9.4.4 Offering incentives |
|
|
222 | (1) |
|
9.4.5 Regular training ojpublic officials |
|
|
222 | (1) |
|
9.4.6 Making guarantees available |
|
|
223 | (1) |
|
|
223 | (2) |
Index |
|
225 | |