Qualitative Value-For-Money Guidance & Toolkit for Assessing PPP Projects in Developing Countries in Asia and the Pacific
The toolkit presented in this document highlights a set of criteria that government officials need to consider when assessing whether a project is likely to achieve “Value-for-Money or VfM” if delivered through a Public-Private Partnership (Government contracting agencies will achieve VfM through PPPs if the latter compares favorably to traditional public sector provisions in terms of quality of service and related costs over the lifetime of an infrastructure asset).
Across emerging markets, much needed economic growth is hampered by a shortage of roads, mass rapid transit systems, telecommunications, power plants, sanitation, medical facilities and other basic infrastructure, all of which are much needed to achieve sustainable development.
Facing budgetary constraints, many developing countries consider Public-Private Partnerships (PPPs) as a way to mobilize private sector resources, bridge their infrastructure gaps and improve services delivery.
PPPs are, however, not suitable for all types of projects. Government officials have to take into account different factors when determining whether PPP is the best procurement route for delivering public services.
The toolkit presented in this document highlights a set of criteria that government officials need to consider when assessing whether a project is likely to achieve “Value- for-Money or VfM” if delivered as a PPP.
