Assessing risk in infrastructure public private partnerships

Michael Regan, Jim Smith, Peter Love

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Abstract

Extract: Public private partnerships are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational life-cycle, a rigorous and competitive bid process, and the selection of proposals that deliver value for money.
Original languageEnglish
Title of host publicationProceedings of the DII-2014 International Conference on Infrastructure development and Investment strategies for Africa
EditorsI. Musonda, C. Aigbavboa
Place of PublicationJohannesburg, South Africa
PublisherUniversity of Johannesburg
Pages177-190
Number of pages14
ISBN (Print)978086970782
Publication statusPublished - 2014
EventInternational Conference on Infrastructure Development and Investment Strategies: Decades of Infrastructure Investment - Zambia, Zambia
Duration: 25 Sep 201426 Sep 2014

Conference

ConferenceInternational Conference on Infrastructure Development and Investment Strategies
CountryZambia
Period25/09/1426/09/14

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  • Cite this

    Regan, M., Smith, J., & Love, P. (2014). Assessing risk in infrastructure public private partnerships. In I. Musonda, & C. Aigbavboa (Eds.), Proceedings of the DII-2014 International Conference on Infrastructure development and Investment strategies for Africa (pp. 177-190). University of Johannesburg .