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Full-Text Articles in Social and Behavioral Sciences

Government Institutions And Infrastructure Skills Development, Michael Regan, Jim Smith, Peter Love Aug 2015

Government Institutions And Infrastructure Skills Development, Michael Regan, Jim Smith, Peter Love

Michael Regan

The capacity of state institutions is central to the efficient delivery and management of infrastructure. The paper examines two models for improving the skills of managers in central and line agencies of government for infrastructure procurement and management in emerging economies. The first examines the role of the Public Private Partnership (PPP) unit, a specialist agency equipped with the technical capabilities, transactional experience and budget to provide training and assistance to line agencies for the effective delivery of infrastructure projects. Integrated into this model, and used by several nations, is the use of trained relationship managers to manage service contracts …


Assessing Risk In Infrastructure Public Private Partnerships, Michael Regan, Jim Smith, Peter Love Aug 2015

Assessing Risk In Infrastructure Public Private Partnerships, Michael Regan, Jim Smith, Peter Love

Michael Regan

Public private partnerships are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational life-cycle, a rigorous …


Value For Money In International Infrastructure Public Private Partnership Policies: Survey Of African States, Michael Regan, Jim Smith, Peter Love Aug 2015

Value For Money In International Infrastructure Public Private Partnership Policies: Survey Of African States, Michael Regan, Jim Smith, Peter Love

Michael Regan

The international evidence suggests that public private partnership (PPP) procurement methods using value for money evaluation criteria are delivering better infrastructure services at lower cost than traditional procurement methods. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, as well as an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational life cycle, a rigorous and competitive bid process, and the selection of proposals that deliver value for money. Value for money is a measure that takes into account …


Project Finance: Transactional Evidence From Australia (Revised Version 2013), Michael Regan Jul 2015

Project Finance: Transactional Evidence From Australia (Revised Version 2013), Michael Regan

Michael Regan

The international project finance market is experiencing a period of significant change. The new Basel III capital adequacy rules will make it harder for banks to provide long-term project finance, and alternative sources of finance such as the shadow banking sector, fund managers, sovereign wealth funds, and institutional investors will take time to bridge the financing gap. In the meantime, it is difficult to source project finance for tenors beyond seven years, risk premiums are higher, and finance is difficult to source. Recent innovations in the form of the European Investment Bank’s Project Bond Initiative, and the ASEAN Infrastructure Fund …


Infrastructure Financing Modalities In The Asia Pacific: Strengths And Weaknesses, Michael Regan Jul 2015

Infrastructure Financing Modalities In The Asia Pacific: Strengths And Weaknesses, Michael Regan

Michael Regan

Scope of the Presentation: 1. A review of 10 methods presently used to finance infrastructure investment in the Asia Pacific 2. Identify respective strengths and weaknesses 3. Describe trends in recent investment performance and specifically, the continued development of the PPP procurement option 4. List of reference sources used in this presentation.


Value For Money In Project Procurement, Michael Regan Jul 2015

Value For Money In Project Procurement, Michael Regan

Michael Regan

Extract: Public private partnerships are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. The international evidence suggests that public private partnership procurement methods using value for money evaluation criteria are delivering better infrastructure services at lower cost than traditional procurement methods.