Public Private Partnerships For Local Governments

Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Four new cities have been created in Georgia in the past three years. The author was responsible for the implementation of Sandy Springs, the first new city to be incorporated in Georgia in fifty years. His previous book, Creating the New City of Sandy Springs, was published to serve as a guide for other communities considering incorporation. The book introduced the concept of a broadly based Public/Private partnership. Subsequently, the author served in an advisory role to the other three new cities, all of which adopted the Public/private partnership model. A fifth new city that the author is advising is expected to be formed late in 2008. It too, is moving toward the adoption of the model. The record of success in these cities is outlined in this new book. Success is defined as the provision of more efficient government services and providing the maximum level of responsiveness to the citizens. Based on the experience of these new cities, this book strongly urges that existing cities which have followed the traditional organizational structure, for too long, give strong consideration to converting their services to the Public/Private partnership model. The Public/Private partnership model is gaining interest on a national level and recently has attracted international interest. The author was invited to participate in a number of large symposia and meetings in Japan with government, business and academic leaders, to explain the model, and its benefits. Traditional methods of providing local government services have in many cases resulted in levels of bureaucracy and waste that are unacceptable. It is time that elected officials consider new and better methods. The Public/Private partnership model as described in this, and the author s first book, provides a roadmap for introducing improved government services that should be studied by all local officials.

Infrastructural investment is critical to economic growth, quality of life, poverty reduction, access to education, health care, and the achievement of many of the goals of a robust economy. But infrastructure is difficult for the public sector to get right. Public–private partnerships (PPPs) can help; they can provide more efficient procurement, focus on consumer satisfaction and lifecycle maintenance, and provide new sources of investment, in particular through limited recourse debt. But PPPs present challenges of their own. This book provides a practical guide to PPPs for policy makers and strategists, showing how governments can enable and encourage PPPs; providing a step-by-step analysis of the development of PPP projects; and explaining how financing works, what contractual structures look like, and how risk allocation works in practice. It includes specific discussion of each infrastructure sector, with a focus on the strategic and policy issues essential for successful development of infrastructure through PPPs. This second edition includes new sections on institutional frameworks, mechanisms for leveraging public financing, small scale PPP projects and more.

Public–private partnerships (PPPs) are arrangements between government and private actors with the objective of providing public infrastructure, facilities and services. Three fundamental questions frame the use of PPPs at the local level: What do PPPs look like? What gives rise to the use of PPPs? And, what are the outcomes of PPPs? The articles in this book provide insightful answers to these questions. In addition, the contributions in the book identify lines of research that invite further investigation, namely: problems related to the degree of risk transfer; the challenges posed by renegotiation; and evaluation of PPPs’ results. The content of this book will be of interest for scholars, policy analysts, and policy makers. This book was published as a special issue of Local Government Studies.

This book highlights good practices and summarises what countries should consider before entering into public-private partnerships (PPPs).

Congress is expected to announce that new practices are to be adopted across the federal sector which will incite new and innovative partnerships between the public and private sectors. In A Guide to Innovative Public Private Partnerships: Utilizing the Resources of the Private Sector for the Public Good author Thomas A. Cellucci introduces these new procedures and how both private entrepreneurs and government managers can use them most effectively. This book enables organizations in both the private and public sectors to develop and execute efficient and effective business partnerships. Detailed requirements and market potentials are developed which would help entice the private sector to use its own resources to develop products and services without delay and at minimal cost to taxpayers. The book starts from basic principle of partnerships, develops the concept of commercialization-based public-private partnerships, and provides templates, potential marketing tools, and real-world examples to prove the effectiveness of this shift in how government will work in the future. This is a 'must read' for anyone interested in doing business with the government as well as government leaders who are being forced to trim budgets and show genuine value in their agencies.

America’s cities are increasingly acknowledged as sites of renewal and economic opportunity—but how can city leaders facing physical and financial constraints harness this positive energy to create sustainable development? The story of Cleveland in the early 1980s provides the necessary roadmap. Mayor George V. Voinovich, by drawing on the combined strengths of the public and private sectors, took Cleveland from financial default to becoming “America’s Comeback City,” and he later used the best practices he developed there to tackle state-level challenges as governor of Ohio. The public-private partnership model that Voinovich pioneered has since become the gold standard for cities seeking to maximize resources. Using lessons from Cleveland, Voinovich developed this handbook for governments and private entities seeking a mutually enriching partnership. It is his legacy to those who will guide America’s cities to new growth and vitality.

Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.

Designed to provide local officials the key information necessary to establish public-private partnerships for environmental facilities. Provides a primer on what public-private partnerships are and the benefits that can be gained by working with the private sector. Includes an action checklist, explaining how to build a partnership; and a review of financing, procurement, and the service agreement that binds public and private interests. Includes a list of potential contacts and information related to municipal services, finance and public-private partnerships.