PPP - The Fundamentals, Governance and Management for Boards, Committees and Senior Executives
Public Private Partnerships (PPPs) are an important route to the delivery of a wide range of social, economic and administrative infrastructure in many countries throughout the world. The approach is designed to bring private sector expertise, resources and finance to the provision of important assets and related services. It is vital that board level and senior management staff in government have a good understanding of the PPP approach so that they can provide informed leadership of the programme.
This 1-week course will build a fundamental knowledge in PPPs and examine some pertinent issues in the effective governance and management of PPPs. The course will start by focusing on what constitutes good governance of PPPs. An appreciation of the political and business environment factors at play, and what constitutes an effective PPP framework, is central to understanding what drives and what should underpin all PPP projects.
We will then set out the challenges that PPPs address, and the various PPP solution approaches and contract types, that are at the heart of a successful PPP project pipeline. As part of that we will also cover the screening and appraising of proposed PPPs, including ascertaining value for money and environmental, social and governance factors and impact.
Part of PPPs’ rationale is the sourcing of private sector finance. Consequently, understanding how PPPs are financed and the banks’ perspective on PPPs is critical. This course will examine what makes a PPP bankable and what financial instruments and arrangements may come into play when financing and re-financing a PPP.
The allocation of risk and transfer of appropriate risk to the private sector is another key aspect of PPPs and is at the heart of a well-structured PPP. We will outline the approaches and practicalities of that risk allocation. Finally, a sound contract design and contract management framework is required for the effective performance of a PPP, during construction, operational and asset handback phases.
On completion, you will be able to:
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