
Public-Private Partnerships for Infrastructure
Principles of Policy and Finance
- 3rd Edition - February 1, 2027
- Latest edition
- Authors: E. R. Yescombe, Edward Farquharson
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 4 3 - 4 5 5 4 8 - 3
- eBook ISBN:9 7 8 - 0 - 4 4 3 - 4 5 5 4 9 - 0
Public-Private Partnerships for Infrastructure, Third Edition explains how public-private partnerships are prepared, procured, financed, and managed from both the public- and… Read more
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Public-Private Partnerships for Infrastructure, Third 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 and evolve worldwide, this leading resource synthesizes the latest approaches, providing a comprehensive guide for those on both the public- and private-sector sides of the table. The third edition has been updated throughout to reflect changes due to increased focus on climate issues and SDG priorities, new approaches to assessing Value for Money, new information on value capture, new and emerging risks, new market players, and more. This book emphasizes a step-by-step approach within a comprehensive, cross-referenced format. It includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic, and it uses detailed reference points for more experienced practitioners. It draws from the authors’ experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles. Public-Private Partnerships for Infrastructure, Third Edition is an invaluable resource for public sector PPP policymakers, project procuring authorities as well as private sector investors and lenders. Upper-division undergraduates and graduate students studying the delivery and financing of large projects will also find this book an ideal reference for public policy issues and structured finance.
• Takes a practical, sequential approach to the project development and implementation process
• Provides more technical information and a stronger legal perspective than other books
• Includes an extensive glossary of technical and financial terms used in the PPP sector
• Provides more technical information and a stronger legal perspective than other books
• Includes an extensive glossary of technical and financial terms used in the PPP sector
Public sector PPP policymakers, project procuring authorities as well as private sector investors and lenders; Upper-division undergraduates and graduate students studying the delivery and financing of large projects
Part I: Introduction
1. Overview
2. What Are Public-Private Partnerships?
3. Cash Flow and Investment Analysis
Part II: The Public-Sector Perspective
4. Policy, Legal and Institutional Frameworks
5. The Project Cycle
6. Public-Sector Project Management
7. Assessing Needs, Project Definition and Selection
8. The PPP Decision—Value for Money
9. The PPP Decision—Affordability, Budgeting and Reporting
10. PPP Procurement Part III: PPP Risk Analysis and Allocation
11. Risk Analysis—Theory and Methodologies
12. Risk Allocation—Construction Phase
13. Risk Allocation—Operation Phase
14. The Role of Insurance
Part IV: The PPP Contract
15. Service-Fee Payment Mechanism
16. Changes in Circumstances
17. Termination
18. Public-Sector Support for PPP Contracts
19. Public-Sector Contract Management
Part V: The Private-Sector Perspective
20. Sponsors and Other Investors
21. Project Finance and PPPs
22. Project-Finance Debt—Sources and Procedures
23. Financial Structuring
24. Macroeconomic Risks and Hedging
25. Lenders’ Cash-Flow Controls, Security and Enforcement
26. Debt Refinancing and Equity Sale
Part VI: Alternative Models – Summing Up
27. Alternative Models
28. PPPs—For and Against
1. Overview
2. What Are Public-Private Partnerships?
3. Cash Flow and Investment Analysis
Part II: The Public-Sector Perspective
4. Policy, Legal and Institutional Frameworks
5. The Project Cycle
6. Public-Sector Project Management
7. Assessing Needs, Project Definition and Selection
8. The PPP Decision—Value for Money
9. The PPP Decision—Affordability, Budgeting and Reporting
10. PPP Procurement Part III: PPP Risk Analysis and Allocation
11. Risk Analysis—Theory and Methodologies
12. Risk Allocation—Construction Phase
13. Risk Allocation—Operation Phase
14. The Role of Insurance
Part IV: The PPP Contract
15. Service-Fee Payment Mechanism
16. Changes in Circumstances
17. Termination
18. Public-Sector Support for PPP Contracts
19. Public-Sector Contract Management
Part V: The Private-Sector Perspective
20. Sponsors and Other Investors
21. Project Finance and PPPs
22. Project-Finance Debt—Sources and Procedures
23. Financial Structuring
24. Macroeconomic Risks and Hedging
25. Lenders’ Cash-Flow Controls, Security and Enforcement
26. Debt Refinancing and Equity Sale
Part VI: Alternative Models – Summing Up
27. Alternative Models
28. PPPs—For and Against
- Edition: 3
- Latest edition
- Published: February 1, 2027
- Language: English
EY
E. R. Yescombe
E.R. Yescombe has over 30 years’ experience in various forms of structured finance, including project finance, leasing, export credits, real estate and asset finance. A former banker and head of project finance in London for a major international bank, he is now an independent consultant on project finance and public-private partnerships (PPPs), advising investors on financing for power, infrastructure and PPP projects, as well as public-sector entities on PPP policy issues, project procurement and contracting.
Affiliations and expertise
YCL Consulting Ltd., London, UKEF
Edward Farquharson
Edward Farquharson is currently an adviser at European PPP Expertise Centre (EPEC) at the European Investment Bank (EIB) with a background in the public and private sectors in financing and developing PPP projects and policies world-wide. Before joining the EIB, he was the Executive Director of the Private Infrastructure Development Group (PIDG) prior to which he led the international work at Partnerships UK and UK’s PPP national unit at HM Treasury, following a 20-year career advising on and financing projects around the world at a UK investment bank and a development finance institution. He worked on his first PPP project in 1985.
Affiliations and expertise
Principal Advisor, European PPP Expertise Centre, European Investment Bank