PPP Projects

PPP Projects

Abstract

The purpose of this study is to critically specific governance requirements of public-private partnerships (PPPs) with the objective of understanding what constitutes sound governance of these projects and conceptualises a framework that sets out the structure, resources, communication, reporting and monitoring systems that are essential for PPP governance that is consistent with an organisations corporate or strategic vision.

Design/ Research Methodology

General governance requirements are explored through a literature review of corporate, major capital projects and long-term PPP arrangements. These governance requirements have been cross-analysed based on the literature, interviews with senior project managers and investigation of different governance arrangements used on Australian PPP projects.

Introduction

Public-private partnerships have a long history in American cities, and from the 1970's, are becoming increasingly important in urban policy in the U.S. and other capitalist democracies. A number of factors that explain the importance of public-private partnership is the limited financial resources, technical and bureaucratic local government of America, the American tradition of progressive reform with its emphasis on individual agreements governing the political control, political and economic power of national government policy of decentralization and privatization, and the widespread belief in the superiority of markets over governments. In recent years, public-private partnerships have been acting, as a strategy for improvement and the participation and coordination of policies should be more representative and effective urban management. (Coutard,1999 ,pp123 )

Urban policy analysts and academics use the term public-private partnership to encompass a wide range of governmental and non-cooperation and non-profit organization. Association studies focus on interactions as varied as the informal cooperation between public and private, direct or indirect public funding of private organizations or projects, private financing of public organizations and projects, formal, often legally chartered, multi-sectoral organizations, special districts, public authorities and other quasi-governmental "agencies. more specific definitions to clarify the type of relationship at work, for example, the differences between incorporated associations for specific projects, limited time offer and organizations with an ongoing commitment facility. In addition, the partnership can only be defined as the relationship continues to separate responsibilities between the public and private, each of them has authority to negotiate on behalf of itself and each contributes resources to partnership. Other time-limited partnership long-term relationships codified in legal or financial contracts. Public-private partnerships as a rule, do not include a stone's throw arms contracts on a competitive basis for specific products or services and are usually associated with privatization strategies.

Issues Concerning International PPP Projects

Strategic issues in the use of public goods: different views

PPP actors

Strategic issues

Private

- Not Economically reasonable use restrictionsand quality standards- resistance on the part of end users / customersstringent quality standards to theUse of public-private benefits

Political level(client / publicPromotion)

- financial difficulties in the long termBasic provision of services"general interest" are- Increasing need for regulation at normallydeliberate simplification of competition- shortages of basic long-term carein Services "in the general interest"- Increasing demand for public fundingcombined with increased public budgetProblems

SubordinateOfficial agencies

- Rising costs for control andEnsure stricter quality standards- resistance on the part of end users / customersstringent quality ...