Oecd Organisation for Economic Co-operation and Development

Itf Round Tables Better Regulation of Public-private Partnerships for Transport Infrastructure (International Transport Forum - Itf Round Tables) Oecd Organisation for Economic Co-operation and Development

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 Content :

-Executive Summary
-Summary and Conclusions
-Budgeting and Reporting for Public-Private Partnerships by Katja Funke, Tim Irwin and Isabel Rial (IMF)
-Alternative Ways of Financing Infrstructure Investment: Potnetial for 'Novel' Financing Models by Oxera Consulting Ltd: Andrew Meaney and Peter Hope (United Kingdom)
-The Fantasy World of Private Finance for Transport via Public-Private Partnerships by Jean Shaoul, Anne Stafford and Pam Stapleton (United Kingdom)
-Public-Private Partnership in National Highways: Indian Perspective by Gajendra Haldea (India)
-A Roadmap to Funding Infrastructure for Development byCintra Infraestructuras, S. A: Carlos Ugarte, Gabriel Gutierrez and Nick Phillips (Spain)
-List of participants