Infrastructure Development, PPPs and Regulation
The biggest constraint to growth and the developing world is infrastructure. Infrastructure, being a natural monopoly, has traditionally been the responsibility of the government for development. However, capacity deficit (financial and human) in government led to the involvement of private players with greater risk sharing, thus switching from the traditional contract model to the Public-Private-Partnership (PPP) model.
The advent of PPPs brought in significant challenges, for both the Government and the private players. While roles and mindset needed redefinition, especially on the Government side, appropriate regulation also became more critical. And there is also a greater need to learn from both successes and failures of PPPs in the infrastructure sector to bring in greater maturity and professionalism in this eco-system by developing competencies and perspectives.
This course sheds light on infrastructure and its characteristics; key implications of Public-Private-Partnerships (PPPs) and commercialisation; and the factors that drive a successful PPP experience.
Learning Outcome
- Define infrastructure and explain the key characteristics of infrastructure
- Identify the drivers for commercial outlook
- Identify the key implications of commercialisation of infrastructure
Structure infrastructure projects - Assess and manage risks in infrastructure projects, and explain how risks can be shared between the government and the PPP players
- Explain the procedure for tendering and bidding
- Develop sustainable concession agreements
Target Group
lawyers, public policy practitioners, economists, strategic investors in the infrastructure industry, financial analysts in banks/sovereign wealth funds/ infrastructure focused mutual funds and equity research, turn around specialists in stressed assets, private equity investors, investment bankers, credit rating professionals, management consultants, and management graduates.