Value-for-Money Analysis - Practices and Challenges
The World Bank convened a global "roundtable" of public-private partnership (P3) practitioners to discuss Value for Money (VfM) and how it can be assessed. The aim of the roundtable was to draw lessons from countries that have relatively well-developed approaches and tools for VFM analysis: with respect to how this analysis has evolved, what are the on-going and new challenges, and how the approaches might apply in countries with less well-established PPP programs. This report presents some of the key issues in assessing VFM that arose during the roundtable discussion, based on the experience of the participants. The report provides an overview of VfM analysis, discusses how VfM analysis is used in the P3 decision-making process, describes methodological challenges with VFM, and summarizes the key lessons from the roundtable.
Bank Private Participation in Infrastructure (PPI) Database
The Private Participation in Infrastructure (PPI) Project Database has data on more than 4,100 projects in 141 low- and middle-income countries. The database is the leading source of PPI trends in the developing world, covering projects in the energy, telecommunications, transport, and water and sewerage sectors.
Bank Policy Research Working Paper 3356: Where Do We
Stand on Transport Infrastructure Deregulation and Public-Private
The evolution of transport public-private partnerships (P3s) in developing and developed countries since the early 1990s seems to be following a similar path: private initiatives work for a while but after a shock to the sector takes place the public sector returns as regulator, owner or financier; after a while the public sector runs into problems and eventually finds a hybrid solution to ensure the survival of the sector. This paper reviews the effectiveness of transport infrastructure deregulation from three angles: efficiency, fiscal and users' viewpoint. The paper emphasizes the difficulties and strong political commitments required to make the reforms sustainable and argues that governments willing to make corrections to the reform path are faced with the need to address recurrent and emerging issues in transport systems: tariff structure, quality (timetable, safety, environment), access rules for captive shippers, the trend toward rebundling and decrease in intrasectoral competition, multimodalism and the stimulus through yardstick competition.
Bank Technical Paper No. 399, Concessions for Infrastructure:
A Guide to Their Design and Award
Concession arrangements entail a myriad of legal and economic issues, including the organization of government entities responsible for concession programs and the adequacy of the broader legal and regulatory environment. The design and implementation of concession contracts that allocate risks and responsibilities and the mechanisms for evaluating and awarding projects are also of paramount importance. The government's role as regulator and as a provider of support for infrastructure concessions must also be assessed. While some countries have established extensive concession programs, others are just beginning to develop these programs. This report provides a guide to the complex range of issues and options involved in the implementation of concession arrangements, drawing on the experience of both industrial and developing countries.
Policy for the Private Sector 258: Unsolicited Proposals:
John Hodges Competitive Solutions for Private Infrastructure
This Paper looks at systems used by some governments transform unsolicited proposals for private infrastructure projects into competitively tendered projects. It focuses on the policies that Chile, the Republic of Korea, the Philippines, and South Africa have adopted for managing such proposals. A companion discussion explores the problems associated with unsolicited proposals, especially the risks they raise for competition and transparency.
and Renegotiating Infrastructure Concessions in Latin America: Doing it
J. Luis Guasch, World Bank Institute
This title is the fifth in an occasional series by the World Bank Institute intended to help meet the knowledge and information needs of infrastructure reformers and regulators. The book breaks new ground in relation to the design and implementation of concession contracts by culling the lessons of experience from some 1,000 examples and assessing what these lessons mean for future practice.