PUBLIC-PRIVATE PARTNERSHIPS -- Contents -- Contributors -- Introduction: Public-private partnership in infrastructure development -- Background -- Structure and summary of the chapters -- References -- PART ONE PPP: Risk, value and communication in public-private partnership procurement -- 1 An overview of public-private partnership -- 1.1 Introduction -- 1.2 Concept and characteristics of PPP -- 1.3 Features of PPP -- 1.4 Benefits of PPP -- 1.5 PPP models -- 1.6 PPP in Europe -- 1.7 PPP in the UK -- 1.8 PPP in the USA -- 1.9 PPP in Asia-Pacific -- 1.10 PPP in Eastern Europe -- 1.11 PPP in Africa -- 1.12 Conclusions -- References -- 2 Risks overview in public-private partnership -- 2.1 Introduction -- 2.2 Private finance initiative -- 2.3 Project procurement -- 2.4 Theoretical overview of risks -- 2.5 Checklist of risks in PFI -- 2.6 The multi-disciplinary dimension of risk management -- 2.7 Practical risk considerations in PFI -- 2.8 A sectoral consideration of the major risks in PFI -- 2.9 Discussing risks in PFI projects -- 2.10 Conclusion -- Acknowledgements -- References -- 3 Value management in public-private partnership procurement -- 3.1 Introduction -- 3.2 The value of management of projects -- 3.3 Managing value in PFI projects -- 3.4 Conclusions -- References -- 4 Risk perception and communication in public-private partnerships -- 4.1 Introduction -- 4.2 The communication environment -- 4.3 Risk -- 4.4 Risk perceptions -- 4.5 PPP project procurement context -- 4.6 Conclusions -- Referencas -- PART TWO Stakeholders' perspectives on public-private partnership risks and opportunities -- 5 A construction perspective on risk management in public-private partnership -- 5.1 Introduction -- 5.2 Construction project delivery and the PFI form of procurement -- 5.3 Risk management -- 5.4 Knotty issues in risk management - a practical perspective.

5.5 Conclusions -- Acknowledgements -- References -- 6 A financial perspective on risk management in public-private partnership -- 6.1 Introduction -- 6.2 Project finance and the PPP/PFI environment -- 6.3 Methods for financing PFI schemes -- 6.4 Instruments and tools for financial risk management -- 6.5 Financial risk management in PFIs: an empirical analysis -- 6.6 Risk mitigation practices -- 6.7 Conclusions -- Acknowledgements -- References -- 7 A legal perspective on risk management in public-private partnership -- 7.1 Introduction -- 7.2 Rationale for risk transfer -- 7.3 Early stages in the development of risk transfer -- 7.4 Recent developments -- 7.5 Legal aspects for the management of risk under PFI projects -- 7.6 Preparation for the project and risk analysis -- 7.7 Risk transfer and the procurement process -- 7.8 Risk transfer and the project agreement -- 7.9 Conclusions -- References -- 8 Applications of risk management strategies in public-private partnership procurement -- 8.1 Introduction -- 8.2 Developments in risk management in PPP -- 8.3 Option appraisal -- 8.4 Outline business case -- 8.5 Procurement -- 8.6 Operation -- 8.7 Conclusions -- References -- 9 Developments in UK public sector risk management: the implications for PPP/PFI projects -- 9.1 Introduction -- 9.2 Why has PSRM developed? -- 9.3 National Health Service -- 9.4 Conclusions -- References -- PART THREE International perspectives on public-private partnership risks and opportunities -- 10 Public-private partnership risk assessment and management process: the Asian dimension -- 10.1 Introduction -- 10.2 PPPs and the Asian infrastructure sector -- 10.3 Role of non-recourse financing -- 10.4 Public sector credit risks -- 10.5 Risk management -- 10.6 General risk mitigation requirements -- 10.7 Case study: Hub power project -- 10.8 Testing of risk management measures.

10.9 Effectiveness of mitigating measures -- 10.10 Conclusion -- References -- 11 Risk management in an Austrian standardised public-private partnership model -- 11.1 Introduction -- 11.2 Legal framework -- 11.3 Examples of PPP projects in Austria -- 11.4 An Austrian standardised model -- 11.5 Aspects of risk -- 11.6 Conclusions -- Acknowledgements -- References -- 12 Risk assessment and management in BOT-type public-private partnership projects in China - with special reference to Hong Kong -- 12.1 Introduction -- 12.2 Construction project risks and their management -- 12.3 Lessons from realised risks -- 12.4 Relevant BOT-type PPP trends in China -- 12.5 Relevant BOT trends in Hong Kong -- 12.6 Strategies for improved risk management of BOT-type PPP projects -- 12.7 Conclusions -- References -- 13 Public-private partnership projects in the USA: risks and opportunities -- 13.1 Introduction -- 13.2 Managed competition -- 13.3 Infrastructure partnerships -- 13.4 US Department of Energy, Hanford tank waste remediation project -- 13.5 Tampa Bay Water seawater desalination project -- 13.6 Conclusions -- References -- 14 Public-private partnership in South African local authorities: risks and opportunities -- 14.1 Introduction -- 14.2 PPP risk areas -- 14.3 PPP opportunities within the local authorities sector -- 14.4 Conclusions -- References -- 15 Private sector participation road projects in India: assessment and allocation of critical risks -- 15.1 Introduction -- 15.2 Evolution of the BOT framework in the Indian road sector -- 15.3 Risk assessment in Indian BOT roads -- 15.4 Risk allocation -- 15.5 Conclusions -- References -- PART FOUR Framework for risks and opportunities management of public-private partnership infrastructure development -- 16 Multi-party risk management process for a public-private partnership construction project in Asia.

16.1 Introduction -- 16.2 Risk management on privately procured projects -- 16.3 The development of the MRMP -- 16.4 Application of MRMP -- 16.5 Summary -- References -- 17 Private finance initiative uptake in UK local authorities -- 17.1 Introduction -- 17.2 The politics of PFI -- 17.3 The technicalities of PFI -- 17.4 Quantitative analysis -- 17.5 Conclusions -- Acknowledgements -- References -- 18 A framework for the risk management of private finance initiative projects -- 18.1 Introduction -- 18.2 OGC gateways for PFI risk management -- 18.3 Framework for 'Project Risk Analysis and Management' (PRAM) -- 18.4 Application of the PFI projects risk assessment framework -- 18.5 Conclusion -- Acknowledgements -- References -- Index.