How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets

There is increasing interest in the use of public-private partnerships in emerging markets. But what does this actually require governments to do if they are to establish successful long term partnerships with private partners and ensure that public partner has the right information, on the right projects, for the right partners at the right time. This book takes the reader through the steps in the life of a PPP to provide a realistic overview of what is required successfully to engage and manage such a partnership from the early stages. Drawing on experience from both mature and developing PPP markets across the world, the book assesses the policies, processes and institutions that are needed to select the right projects and manage the preparation of projects for market and their subsequent operation. It also looks at the role of advisers, and how they should be selected and used. Particularly in light of the recent financial crisis, the various approaches used to finance... How do governments establish successful long-term public-private partnerships (PPPs) in emerging PPP markets? How do they ensure that the public partner has the right information, on the right projects, for the right partners, at the right time? This book guides the reader through the life of a PPP and provides a realistic overview of the necessary steps to successfully engage and manage such a partnership from the early stages. It presents a framework that highlights the requirements, options, and challenges that governments are likely to face when embarking into PPPs, and explains how to address them so that a sound PPP program can be implemented and the benefits for both partnerspublic and privatecan fully materialize. This book draws on experiences from both mature and developing PPP markets across the world, and case studies illustrate the key messages throughout. 'How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets' discusses the policies, processes, and institutions needed to select the right projects and then manage preparation for market and subsequent operation. This book identifies the underlying principles of why and how the various processes are carried out. It illustrates how a wide range of PPPs can be implemented in different sectors and how legal and administrative systems vary. Particularly important in light of the recent financial crisis, this book provides an introduction to the various approaches to finance projects as well as the policy responses that governments have recently adopted. It also looks at the role and proper selection of advisers to support the government in the preparation, bidding, and monitoring of PPPs. This book is especially valuable for public officials who are involved with infrastructure projects and services through partnership with the private sector and for decision makers in institutions who are looking to support PPP programs.

What transforms 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 public-private partnership (PPP) projects: having the right information on the right project for the right partners at the right time. Data from the World Bank and the Public-Private Infrastructure Advisory Facility (PPIAF) private participation in infrastructure (PPI) project database indicate that private sector investment in infrastructure in developing economies grew steadily over the past decade. By 2007 the levels had finally surpassed the peak levels seen in 1997, the end of the previous growth spurt. This guide focuses specifically on what should be done, and when, in order to prepare projects to attract the right long-term private partners, procure their involvement, and manage the partnership. This guide is not a detailed project preparation manual; rather, it seeks to provide an overview of the process and what is involved so that greater realism can be applied to this challenging task and adequate resource plans can be developed.