Publications

Better Regulation of Public-Private Partnerships for Transport Infrastructure

In series:ITF Round Tablesview more titles

Published on September 26, 2013

Also available in: French

book

Many governments seek to attract private finance for infrastructure through public-private partnerships (PPPs) in order to maintain investment at the same time as limiting public spending. Experience with PPPs has, however, been mixed. Some transport PPP projects have delivered major cost savings but many more have exceeded their budgets. PPPs are prone to overestimating revenues and when projects run into financial difficulty, risks have a tendency to revert to the
taxpayer.

The report examines the nature of risks and uncertainty associated with different types of PPP project and the practical consequences of transferring risks to private partners. It assesses the fiscal impact of PPPs and discusses budget procedures and accounting rules to limit the public liabilities they can create. The report also reviews the relative merits of tolls, availability payments and regulated asset base models for attracting finance for public infrastructure from private investors on a sustainable basis.

TABLE OF CONTENTS

Foreword
Executive summary
Summary and conclusions
Budgeting and reporting for public-private partnerships katja funke, tim irwin and isabel rial (imf)
Alternative ways of financing infrastructure investment: potential for ‘novel' financing models
The fantasy world of private finance for transport via public private partnerships
Public private partnership in national highways: indian perspective
A roadmap to funding infrastructure development
List of participants
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