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Product Identifiers

PublisherElsevier Science & Technology

ISBN-100081007663

ISBN-139780081007662

eBay Product ID (ePID)242727877

Product Key Features

Number of Pages395 Pages

Publication NamePublic-Private Partnerships for Infrastructure : Principles of Policy and Finance

LanguageEnglish

SubjectPersonal Finance / Money Management, Finance / General, Infrastructure, Investments & Securities / General

Publication Year2018

TypeTextbook

Subject AreaBusiness & Economics

AuthorE. R. Yescombe, Edward Farquharson

FormatHardcover

Dimensions

Item Length9.2 in

Item Width7.5 in

Additional Product Features

Edition Number2

Intended AudienceScholarly & Professional

ReviewsYescombe's "Public-Private Partnerships: Principles of Policy and Finance" is an invaluable tool for those studying or working in the PPP field. Thorough in scope, it covers all the major issues in PPP making it the most comprehensive reference document that has emerged to date. --Jane Peatch, Executive Director, Canadian Council for Public-Private Partnerships "Public-private partnerships have become the main mechanism for infrastructure development in Mexico. With this book the author provides us with a powerful tool for analysis, structuring, and financing of this type of operation." --Jose L. Ochoa, Chief Credit Officer of Banobras, Mexico "I'm both a researcher and a practitioner in the PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him many views and concerns. He was able to produce a book simultaneously broad and concise, but rich in description and advice. Yescombe's book on "Public-Private Partnerships" covers a broad range of issues, providing helpful and detailed guidance for contract design and for tender design. It is useful both for the researcher who needs to understand incentive schemes and for the practitioner who needs to design new contractual mechanisms able to cope with current changes in risk perception and valuation." --Rui Sousa Monteiro, Senior Economist, Parpblica, Portugal Mr. Yescombe provides a unique and comprehensive exposition on the processes, players and current practices on structuring PPPs. This book is a friendly introduction to the subject for beginners, as well as a useful reference for practitioners. --Akash Deep, Harvard University, Yescombe's "Public-Private Partnerships: Principles of Policy and Finance" is an invaluable tool for those studying or working in the PPP field. Thorough in scope, it covers all the major issues in PPP making it the most comprehensive reference document that has emerged to date. --Jane Peatch, Executive Director, Canadian Council for Public-Private Partnerships "Public-private partnerships have become the main mechanism for infrastructure development in Mexico. With this book the author provides us with a powerful tool for analysis, structuring, and financing of this type of operation." --Jose L. Ochoa, Chief Credit Officer of Banobras, Mexico "I'm both a researcher and a practitioner in the PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him many views and concerns. He was able to produce a book simultaneously broad and concise, but rich in description and advice. Yescombe's book on "Public-Private Partnerships" covers a broad range of issues, providing helpful and detailed guidance for contract design and for tender design. It is useful both for the researcher who needs to understand incentive schemes and for the practitioner who needs to design new contractual mechanisms able to cope with current changes in risk perception and valuation." --Rui Sousa Monteiro, Senior Economist, Parpblica, Portugal Mr. Yescombe provides a unique and comprehensive exposition on the processes, players and current practices on structuring PPPs. This book is a friendly introduction to the subject for beginners, as well as a useful reference for practitioners. --Akash Deep, Harvard University, "As noted in this splendid book, the "devil is in the detail" in order to achieve successful PPPs. Well, this book has that detail. Excellent, practical guidance for all those interested in designing and implementing PPPs, from two authors who've worked closely with policymakers, investors, financiers, operators and civil society." --Laurence Carter, Senior Director for Infrastructure, Public-Private Partnerships, and Guarantees, World Bank "A generation of PPP experts have been bought up on this important book, the rework by Yescombe and Farquharson will ensure that it is fit for the next generation as well. Highly recommended." --Christopher Heathcote, CEO, Global Infrastructure Hub (gihub.org) "Public-Private Partnerships (PPPs) are increasingly being utilised as a global method of procurement - yet their successful implementation relies on sufficient knowledge and delivery capacity in both the public and the private sector. Yescombe and Farquharson's new, expanded and fully comprehensive volume covering all aspects of the PPP process from initial procurement, valuation and financing will be a crucial tool providing not only education to those newly engaged in PPPs but also as a 'go-to' reference source to current practitioners in respect both of policy and finance issues. This clear and well written guide incorporates both the authors' full understanding of the basic concepts as well as exhibiting their practical knowledge of delivery issues. Certainly a book I will be recommending to others as well as dipping into myself from time to time. Well done on making a key contribution to long term investment in infrastructure, delivering value for money, whole of life costed and quality controlled assets!" --Julia Prescot, Commissioner, UK National Infrastructure Commission; Chief Strategy Officer, Meridiam Infrastructure "Yescombe's book has been the essential text book for my students and the go-to user manual for my practitioner advisees for the past decade. This new edition expands the scope even further by including both the private and public perspectives, while maintaining its rich breadth of financial structures and analyses." --Akash Deep, Kennedy School of Government, Harvard University "Public-Private Partnerships are now an indispensable tool in the modern public finance practitioner's toolkit. Public-Private Partnerships for Infrastructure is the definitive treatment of the financial, legal, and governance details of this essential subject." --Justin Marlowe, Evans School of Public Policy and Governance, University of Washington "Public-Private Partnerships for Infrastructure by Yescombe and his co-author Farquharson is a sophisticated and comprehensive treatment of public-private partnerships and their financing. Yescombe's Principles of Project Finance has long been the best available text on project finance, and this new volume will occupy a similar position in the literature on public-private partnerships." --Robert Sheppard, Darla Moore School of Business, University of South Carolina "The new book provides a rich and deep explanation of PPP issues. It covers the important topics of PPP policy, legal and institutional frameworks, project preparation, procurement, risk allocation and financing, and contains various special features which distinguish it from other publications on the subject....With this book, readers will feel like they have a veteran PPP expert close at hand." --Global Infrastructure Hub, Yescombe's "Public-Private Partnerships: Principles of Policy and Finance" is an invaluable tool for those studying or working in the PPP field. Thorough in scope, it covers all the major issues in PPP making it the most comprehensive reference document that has emerged to date. --Jane Peatch, Executive Director, Canadian Council for Public-Private Partnerships "Public-private partnerships have become the main mechanism for infrastructure development in Mexico. With this book the author provides us with a powerful tool for analysis, structuring, and financing of this type of operation." --Jose L. Ochoa, Chief Credit Officer of Banobras, Mexico "I'm both a researcher and a practitioner in the PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him many views and concerns. He was able to produce a book simultaneously broad and concise, but rich in description and advice. Yescombe's book on "Public-Private Partnerships" covers a broad range of issues, providing helpful and detailed guidance for contract design and for tender design. It is useful both for the researcher who needs to understand incentive schemes and for the practitioner who needs to design new contractual mechanisms able to cope with current changes in risk perception and valuation." --Rui Sousa Monteiro, Senior Economist, Parpública, Portugal Mr. Yescombe provides a unique and comprehensive exposition on the processes, players and current practices on structuring PPPs. This book is a friendly introduction to the subject for beginners, as well as a useful reference for practitioners. --Akash Deep, Harvard University

Dewey Edition23

IllustratedYes

Dewey Decimal338

Table Of ContentPart I: Introduction1. Overview2. What Are Public-Private Partnerships?3. Cash Flow and Investment AnalysisPart II: The Public-Sector Perspective4. Policy, Legal and Institutional Frameworks5. The Project Cycle6. Public-Sector Project Management7. Assessing Needs, Project Definition and Selection8. The PPP Decision--Value for Money9. The PPP Decision--Affordability, Budgeting and Reporting10. PPP Procurement Part III: PPP Risk Analysis and Allocation11. Risk Analysis--Theory and Methodologies12. Risk Allocation--Construction Phase13. Risk Allocation--Operation Phase14. The Rôle of Insurance Part IV: The PPP Contract15. Service-Fee Payment Mechanism16. Changes in Circumstances17. Termination18. Public-Sector Support for PPP Contracts19. Public-Sector Contract Management Part V: The Private-Sector Perspective20. Sponsors and Other Investors21. Project Finance and PPPs22. Project-Finance Debt--Sources and Procedures23. Financial Structuring24. Macroeconomic Risks and Hedging25. Lenders' Cash-Flow Controls, Security and Enforcement26. Debt Refinancing and Equity Sale Part VI: Alternative Models - Summing Up27. Alternative Models28. PPPs--For and Against

SynopsisPublic-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles Includes an extensive glossary of technical and financial terms used in the PPP sector, Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles Includes an extensive glossary of technical and financial terms used in the PPP sector Includes more technical information and a stronger legal perspective than other books Emphasizes a step-by-step approach within a comprehensive, cross-referenced format Expands and updates the historical backgrounds and political contexts of public-private partnerships

LC Classification NumberHD2961