What Drives Value for Money of Public Private Partnership (PPP) Projects Implementation in Malaysia? PDF Download

Author: Suhaiza Ismail
Publisher:
ISBN:
Category : Public-private sector cooperation
Languages : en
Pages :

View

Book Description

Author: Akintola Akintoye
Publisher: Routledge
ISBN: 131741537X
Category : Technology & Engineering
Languages : en
Pages : 433

View

Book Description
This timely new book provides an international perspective on Public Private Partnerships. Through 21 case studies, it investigates the existing and fast developing body of principles and practices from a wide range of countries and is the first book to bring together leading international academics and practitioners under a common framework that enables convenient cross-country comparisons. The authors focus on the impact of the financial crisis has had on how governments have reviewed and overhauled their PPP policies as they have examined or tested new ways of partnering more effectively, efficiently and sustainably with the private sector. Readers will be able to gauge the level of maturity of PPP development in the book’s case studies, understand similarities and differences in their practices, and gain useful insights into the regulatory framework and institutional infrastructure in place to support implementation of PPP. Finally, the book offers insights into the future challenges and opportunities that PPP offers stakeholders.

Author: H. K. Yong
Publisher: Commonwealth Secretariat
ISBN: 9781849290203
Category : Business & Economics
Languages : en
Pages : 228

View

Book Description
Public-Private Partnerships Policy and Practice is a comprehensive reference guide on PPP theory and practice for senior policy-makers and other public sector officials in developing countries. The guide focuses on the key lessons learned - and emerging best practice - from successful and failed PPP transactions over the past thirty years. The guide avoids jargon and explains relevant concepts in non-specialist language. Key points are summarised at the beginning of each section and provide an overall high-level outline. References are provided throughout and at the end of each section to allow the reader to access further information on specific issues.

Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61

View

Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Author: Robert Osei-Kyei
Publisher: Springer Nature
ISBN: 9813362685
Category : Political Science
Languages : en
Pages : 183

View

Book Description
This book discusses how Public-Private Partnership (PPP) is practiced in developed and developing economies. The book demonstrates how PPP as a concept has grown over the years with many governments particularly from developing economies/countries seeking to enhance infrastructure growth and development through this scheme. Further, the book explores how PPP has become the major infrastructure procurement policy adopted by many governments globally to address the rapid increase in demand for infrastructure due to the increase in population growth. Although, there are many available textbooks on PPP, this book is unique because it provides in-depth analysis and discussion on the international best practices of PPP from developed and developing economies perspectives. This book provides strategic measures, useful practices and information about the similarities and differences in PPP practices in developed and developing economies based on empirical evidence and case studies. This book is structured in nine chapters. The first chapter explores the basic concept of PPPs. The second chapter looks at the global development and practices of PPP particularly from developed and developing economies’ perspectives. The third to the eight chapters explores critical topics and issues in international PPP practices from developed and developing economies perspectives. The topics included in this book are: governments motivations for adopting PPPs, barriers to PPP implementation, measuring PPP project success, risk management in PPPs, causes of conflict and conflict resolution mechanisms in PPPs and management of unsolicited proposals. The ninth chapter presents a comprehensive best practice framework for implementing international PPP projects. This book is useful to undergraduate and postgraduate students in architecture, civil engineering, business, construction and project management, researchers interested in PPP topics, international investors and financiers, public authorities and departments and international development banks. This book provides in-depth insights and understanding on the best practices for PPP from the international perspective especially from the viewpoint of countries with diverse culture and policies. Importantly, readers will be adequately informed of the similarities and differences of PPP practices and processes in developed and developing economies based on empirical evidence. Investors and governments will be informed of the strategic plans and preventive actions to employ when engaging in PPP arrangements in any part of the world.

Author: Akash Deep
Publisher: Asian Development Bank
ISBN: 9292614193
Category : Business & Economics
Languages : en
Pages : 341

View

Book Description
This publication highlights how public–private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public–Private Partnership" of the Asian Development Outlook 2017 Update.

Author: Steve Rowlinson
Publisher: Routledge
ISBN: 1135805997
Category : Architecture
Languages : en
Pages : 403

View

Book Description
Procurement Systems details the whole spectrum of procurement issues in the construction industry, starting with the client /customer and running through managerial, cultural and IT-based issues. The book commences with an overveiw of previous work and a section on selection criteria is provided to enable practitioners to make their choices of procurement form. Importantly, perfromance comparisons of different procurement forms are discussed and the main emphasis of the book is to highlight best practice based on the most up-to-date research. One chapter deals specifically with developmentally orientated procurement issues in NICs (newly industrialised countries), where best practice is assessed from a different set of perspectives. The authors contributing to this book are among the most highly respected and eminent in the field.

Author: Kumar V. Pratap
Publisher: Springer
ISBN: 9811033552
Category : Business & Economics
Languages : en
Pages : 404

View

Book Description
The book provides readers with a clear understanding of infrastructure challenges, how Public‐Private Partnerships (PPP) can help, and their use in practice. Infrastructure bottlenecks are generally considered the most important constraint to growth in many countries worldwide. Historically, infrastructure projects have been financed and implemented by the state. However, owing to the fiscal resource crunch, time and cost over‐runs, and the general poor quality of publicly provided infrastructure, many emerging market governments, including India, have increasingly adopted PPPs with billions of dollars of investment riding on them. The results have been varied – from spectacular airports like the Delhi International Airport Limited with the associated controversy over land use, to the renegotiation of contracts as in the case of Tata Mundra Ultra Mega Power Project. Illustrating concepts with relevant case studies, the book makes the challenges of PPPs understandable to industry and management practitioners as well as students of management, public policy and economics. It is useful to practitioners wishing to avoid the pitfalls in the tricky terrain of PPPs and policymakers wanting guidance in crafting proper incentives. It also helps students gain a holistic and “applied” understanding of this increasingly important and popular model. “Public Private Partnerships (PPPs) in India are currently under stress. A comprehensive treatment of the subject by a long-time and erudite practitioner and a management academic, this book should be useful to students trying to learn the basics, while also being valuable to professionals and policy makers. The book suggests that the Government should hold bidders accountable to their submitted bids, thereby preserving sanctity of contract. This will discourage aggressive bidding which has become a serious and endemic problem. The book also suggests the use of better bidding criteria to mitigate traffic risk in transport projects. Policy makers should pay heed to these suggestions as they consider improvements in the PPP policy regime going forward.”—Arvind Subramanian, Chief Economic Adviser, India/div “For a fast-growing India, infrastructure creation and operation is a great challenge and opportunity. This excellent book combines theory and practice on PPPs, and is very useful for professionals and students alike. With case studies and current developments, the authors bring out issues in India with global experiences as well. A must-read for infrastructure practitioners.”—Shailesh Pathak, Chief Executive (Designate), L&T Infrastructure Development Projects Limited “India’s program of private participation in infrastructure attracted worldwide attention as it became one of the largest programs in emerging markets. As well as the volumes of finance mobilized, it garnered interest because of some of the innovative approaches developed, such as Viability Gap Funding. The Indian PPP story is well captured in this book, which also makes the point that India is seeing project cancellations and failures rise. The authors analyze the factors behind this and point the way to a more robust PPP market that learns from the experiences of the past.”—Clive Harris, Practice Manager, Public-Private Partnerships, World Bank/div

Author: João Leitão
Publisher: Emerald Group Publishing
ISBN: 1787144941
Category : Business & Economics
Languages : en
Pages : 663

View

Book Description
This Handbook aims to support policy-makers, national governments, national and regional public administrations, PPP officers, practitioners and academia in the design, implementation and assessment of appropriate responses to foster PPPs' uptake in the context of developing and emerging economies.

Author: Rosnani binti Mohamad @ Ahmad
Publisher:
ISBN:
Category :
Languages : en
Pages : 196

View

Book Description
Public Private Partnership (PPP) has been world widely used as one of the procurement mode by the government. In Malaysia, PPP has been officially introduced in 2006. The present study focuses on two important aspects of PPP implementation that are performance objectives and performance indicators. In particular, there are four objectives of the study that are: 1) to identify the importance performance objectives of PPP in Malaysia; 2) to investigate the differences in the perception between public and private sectors on the importance of performance objectives; 3) to identify the important performance indicators used in assessing PPP performance in terms of the five aspects of PPP which are 'before construction begins', 'financing and markets', 'innovation and learnings', 'stakeholders' perception' and process of lifecycle of PPP project'; and 4) to investigate the differences in the perception between public and private sectors on the importance of performance indicators in terms of the five aspects of PPP. Using a questionnaire survey, 237 completed questionnaires were received representing 51.52% response rate. In examining the importance of performance objective and performance indicators, the descriptive statistical tests of mean, standard deviation and mean score ranking were used. The independent t-tests were conducted to investigate the differences in the perceptions between the two respondents' groups on the importance of performance objectives and performance indicators. The results show that the top three important performance objectives are 'High quality public service', 'Provide convenience service for society' and 'Within or under budget'. In relation to the indicator used in assessing PPP performance, the findings show that the top three important performance indicators before construction begins are 'Project maintainability', 'Commitment and responsibility between public and private sectors' and 'Government's knowledge of PPP' while for financing and markets, the top most important indicators are 'Operational cost', ''Construction cost' and 'Construction period' are perceived as the most important indicators. For innovation and learning, the overall respondents perceived 'Technology innovation', 'Employee training' and 'Financial innovation' as the top three most important indicators whilst 'The satisfaction from public client or government', 'General public/social satisfaction' and 'Good relationship among the concessionaire for the stakeholders' perception component. The top three important indicators for process of lifecycle of PPP project are 'Time management', 'Contractual management' and 'Cost management'. In terms of the differences in the perceptions between the public and private sector groups, the test results indicate that there are only significant statistical differences for one performance objective and few performance indicators for three out of five performance indicators components. The findings of the present study contribute to both knowledge and practice especially to the policy makers in ensuring better implementation of PPP in future.