Summary:
The COVID-19 emergency requires all of us to work together to protect the public and workers, our vital public services and our economy. This includes the delivery of vital public services to the NHS through PFI contracts.
Infrastructure development is one of the great global challenges of our time, with vast investment needs, a multi-trillion-dollar financing gap, and a dearth of bankable projects. In an attempt to rapidly meet the growing demand for new infrastructure, technology-enabled solutions are often not proactively factored into infrastructure planning considerations. This can lead to a de-prioritisation of infrastructure technology—or InfraTech—since it may not be deemed critical to a project’s success or to garnering private sector interest.
This Guidebook is part of the P3 Toolkit that consists of P3 guidance documents and tools to assist in educating Federal, State, and local policy makers, legislative and executive staff, and transportation professionals. The P3 Toolkit comprises the base of a broader P3 capacity-building program, which includes a curriculum of courses and webinars. The P3 Toolkit addresses four key phases in P3 implementation, as listed below:
A global decline in PPP transactions has been observed in recent years despite the critical need for investments in various sectors, particularly in infrastructure development. Among reasons identified for the loss of confidence in PPPs are approaches taken in PPP contracts to risk allocation and dispute resolution. This brief recommends incremental reforms to current PPP contracting practices, incorporating various alternative arrangements and taking into account the associated governance challenges.
The traditional approach to public infrastructure delivery and management has been challenged in the past decades through different forms of private capital participation. Two well established platforms for private capital participation in the context of public infrastructure procurement are the Regulatory Asset Base (RAB) Model and the Project Finance Model (broadly termed as PPP - Public-Private Partnerships). Based on a literature review, this paper assesses the two vehicles in terms of efficiency in delivery and operation of major infrastructure.
The G20 has highlighted the importance of the quality of infrastructure investment, including in the Leaders’ Communiqué at the 2016 Hangzhou Summit, and in the Roadmap. In infrastructure, quantity and quality can be complementary.
This section discusses how existing PPP projects can manage technological change that may occur during the project implementation phase.1
