305Public-Private Partnerships2003

305Public-Private Partnerships2003 - BOT Projects...

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Public-Private Partnerships 180:305 Fall 2004
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Public Private Partnership An arrangement of roles and relationships in which two or more public and private entities coordinate/combine complementary resources to achieve their separate objectives through joint pursuit of one or more common objectives Privatization of infrastructure projects
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Reasons Private sector has a financial incentive to seek out new projects Access to capital Private sector can build more quickly Private sector can operate facilities more efficiently Private sector accepts risks Private sector transfers technology to government
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Types of Public-Private Partnerships Design Build Design-Build-Finance Operate Build-Operate-Transfer Build-Transfer-Operate Build-Own-Operate
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Models of Public Private Partnership Traditional Model Design-Build Model Build-Operate-Transfer Model
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Unformatted text preview: BOT Projects Concession Agreement Allow projects to built at little or no cost to taxpayer Sponsors operate and maintain the facility for a period of time exceeding 20 years so initial construction quality will be high Examples of Public Private Partnerships Highways Dulles Greenway California-Riverside Freeway Hong Kong Health Care Australia Great Britain Schools Private Finance Initiative in Great Britain DBFO projects Designed,built, financed and operated by private sector British Highway Projects Shadow tolls Disadvantage of requiring government funding Conclusions Traditional arrangements do not allow application of PPP Design-Build has been used successfully on many projects Range of levels of privatization Already widely used in US...
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305Public-Private Partnerships2003 - BOT Projects...

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