SeveralProjectFinancepatterns教程分析.ppt

* Public Private Partnerships – Reasons Public capital is limited and have alternative uses Reluctance of the private sector to commit private capital to risky projects Significant efficiency gains from private sector involvement in service delivery and customer relationship Appropriate risk allocation. Government retains policy and regulatory risks and the private sector assums commercial risks. P66 * Public Private Partnerships –Application Area Power Stations: thermal; nuclear; wind. Mass Transit: metros; bus-ways. Road, Rail Bridges: toll-roads. Water Industry: irrigation; clean/dirty water. Public Services : offices; school buildings; hospitals; prisons; law courts P66 * UK PPPs : Sectors Health 11% Transport 6% Defence 4% Water Waste Water 6% Accommodation : Police 4% ) Accommodation : Education 21% ) Accommodation : Health 17% ) Accommodation : Other 11% ) IT : Education 1% IT : health 3% IT - Other 12% Prisons 4% 100% [Total Value = ~ Euro 50 billion] [Source: Infrastructure Journal] Aug 2002 = 53% * * Parties in PPP and Their Roles The Public Sector (i.e. Government): - identifies the demand for a public service - defines the service outputs - agrees long-term concession for the service - payment made against performance measures - imposes regulatory regime The Private Sector: - provides service; - designs, builds, finances, operates and maintains the service and the assets; - operates within regulated environment * Types of PPP PPP arrangements vary from full private ownership subject to government approval and oversight to public projects in which private partner serves as a financial contributor to the government sponsored project. They differ in the manner in which the public sector and private entities share the responsibilities, risks, and rewards associated with the projects. Lower pri