Public-Private Partnerships: Project Preparation: Process, Issues & Insights
Good project preparation is fundamental to a successful PPP project. The concept of PPP obligates a more collaborative relationship between both sectors, fostered by openness and trust. This presents a major shift from the traditional arms-length approach in procuring services and executing projects. Well designed, feasible projects attract greater interest amongst potential investors and demonstrate the potential benefits of taking the project forward to procurement phase. Therefore, PPP projects critically require specialist trained personnel who possess a deep understanding of the many different constraints involved and who display extensive knowledge of how to prepare and commence a PPP project.
Public-Private Partnerships are now one of the innovative options introduced to enable public sector procure infrastructure and offer opportunities to improve service delivery and assure better value for money. This is to be achieved through appropriate risk transfers, encouraging innovation, greater asset utilization and integrated whole-of-life management. It is envisaged that the PPP Programme will be the vehicle for effective private sector participation in the provision of infrastructure and services at national and local government levels.
Course Objectives
- Determine project identification, screening and selection
- Know the roles and responsibilities of the stakeholders in PPP projects
- Address the range of issues in identifying, financing, and procurement
- Analyze best practices in conducting financial, economic, and technical feasibility studies
- Evaluate risk identification, mitigation, and allocation among parties involved in a PPP project
- Gain from the knowledge transfer and equipping public sector to meet projects expectations