Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00013
R. Levitt, Kent Eriksson
Australia has been a pioneer in using public_private partnership (PPP) delivery of infrastructure for the past three decades and has accumulated a great deal of experience – both good and bad – that has helped to refine its governance regimes on both the public and the private sides of PPP delivery. This chapter reports findings from a set of interviews with all the key participants in PPP delivery about how government legislators and executive agencies currently prioritize projects professionally to avoid typical legislative parochialism in authorizing locally favored infrastructure projects, and how they organize the regulatory framework and agencies for PPP delivery. It then describes the governance regimes that have evolved for minimizing and addressing conflicts of interest and opportunistic behavior by and within the private sector concessionaires’ project companies that finance, deliver and operate PPP infrastructure services in mature Australian federal and state PPP markets. Countries considering or beginning to use infrastructure delivery can learn valuable lessons about governing this mode of infrastructure service delivery in the public interest from how Australia has adapted its governance mechanisms and safeguards for PPP delivery.
{"title":"Mitigating PPP governance challenges: lessons from eastern Australia","authors":"R. Levitt, Kent Eriksson","doi":"10.4337/9781788973182.00013","DOIUrl":"https://doi.org/10.4337/9781788973182.00013","url":null,"abstract":"Australia has been a pioneer in using public_private partnership (PPP) delivery of infrastructure for the past three decades and has accumulated a great deal of experience – both good and bad – that has helped to refine its governance regimes on both the public and the private sides of PPP delivery. This chapter reports findings from a set of interviews with all the key participants in PPP delivery about how government legislators and executive agencies currently prioritize projects professionally to avoid typical legislative parochialism in authorizing locally favored infrastructure projects, and how they organize the regulatory framework and agencies for PPP delivery. It then describes the governance regimes that have evolved for minimizing and addressing conflicts of interest and opportunistic behavior by and within the private sector concessionaires’ project companies that finance, deliver and operate PPP infrastructure services in mature Australian federal and state PPP markets. Countries considering or beginning to use infrastructure delivery can learn valuable lessons about governing this mode of infrastructure service delivery in the public interest from how Australia has adapted its governance mechanisms and safeguards for PPP delivery.","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114510296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00016
Ashby H. B. Monk, Rajiv Sharma
{"title":"The role of institutional investors in financing PPP infrastructure","authors":"Ashby H. B. Monk, Rajiv Sharma","doi":"10.4337/9781788973182.00016","DOIUrl":"https://doi.org/10.4337/9781788973182.00016","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115699821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00019
Carter B. Casady, Kent Eriksson, R. Levitt, W. Scott
{"title":"(Re)assessing public–private partnership governance challenges: an institutional maturity perspective","authors":"Carter B. Casady, Kent Eriksson, R. Levitt, W. Scott","doi":"10.4337/9781788973182.00019","DOIUrl":"https://doi.org/10.4337/9781788973182.00019","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129737599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00020
M. Garvin
{"title":"Transportation public–private partnership market in the United States: moving beyond its current state","authors":"M. Garvin","doi":"10.4337/9781788973182.00020","DOIUrl":"https://doi.org/10.4337/9781788973182.00020","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129448073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00023
C. Nowacki
{"title":"The financier state: infrastructure planning and asset recycling in New South Wales, Australia","authors":"C. Nowacki","doi":"10.4337/9781788973182.00023","DOIUrl":"https://doi.org/10.4337/9781788973182.00023","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129292973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00021
Carter B. Casady, R. Geddes
{"title":"Private participation in US infrastructure: the role of regional PPP units","authors":"Carter B. Casady, R. Geddes","doi":"10.4337/9781788973182.00021","DOIUrl":"https://doi.org/10.4337/9781788973182.00021","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124446002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00017
Ting Liu, M. Garvin
{"title":"Framework to assess fiscal support mechanisms for mitigating revenue risk in transportation public–private partnerships","authors":"Ting Liu, M. Garvin","doi":"10.4337/9781788973182.00017","DOIUrl":"https://doi.org/10.4337/9781788973182.00017","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125734970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00024
Kate Gasparro
{"title":"Community investment and crowdfunding as partnership strategies for local infrastructure delivery","authors":"Kate Gasparro","doi":"10.4337/9781788973182.00024","DOIUrl":"https://doi.org/10.4337/9781788973182.00024","url":null,"abstract":"","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114342647","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00006
W. Scott, R. Levitt, M. Garvin
We do not subscribe to a goal of unconstrained development for its own sake; but assuring an adequate supply of civic infrastructure (including housing, roads and public transport, power, water supply and sanitation) is essential to meet the needs of developing countries where populations are growing and becoming more urbanized, as well as those of developed countries where infrastructure is aging and in need of repair and/or replacement. Important as it is, however, providing the necessary infrastructure confronts severe difficulties. Governments of emerging market countries face enormous shortfalls in financial and governance capacity in delivering sorely needed new infrastructure for their growing populations. At the same time, financially strapped governments of mature market economies are struggling to upgrade and retrofit their aging and obsolete infrastructure. Societies at both ends of the development spectrum need more robust project governance structures that can enable new forms of financing coupled with improved systems of managerial oversight and control. Infrastructure is central to societal welfare, and the high cost of replicating the “last mile of pipe or wire” often requires a monopolistic state provision or regulated private provision strategy. We would thus ordinarily expect that the state would play a major role in its prioritization, funding, development and operation. However, historically this has not always been the case. Specific countries vary in their experience, but the United States (US) is not atypical. As Miller and Floricel (2000) point out, during much of the nineteenth century US transportation systems and power networks were built by private entrepreneurs, with minimal public involvement. Toward the end of the century, large corporate groups replaced the entrepreneurs but still experienced only modest public oversight. However, during the Progressive era of the early twentieth century, private initiatives were increasingly regulated and, over time, nationalized as public
{"title":"Introduction: PPPs – theoretical challenges and directions forward","authors":"W. Scott, R. Levitt, M. Garvin","doi":"10.4337/9781788973182.00006","DOIUrl":"https://doi.org/10.4337/9781788973182.00006","url":null,"abstract":"We do not subscribe to a goal of unconstrained development for its own sake; but assuring an adequate supply of civic infrastructure (including housing, roads and public transport, power, water supply and sanitation) is essential to meet the needs of developing countries where populations are growing and becoming more urbanized, as well as those of developed countries where infrastructure is aging and in need of repair and/or replacement. Important as it is, however, providing the necessary infrastructure confronts severe difficulties. Governments of emerging market countries face enormous shortfalls in financial and governance capacity in delivering sorely needed new infrastructure for their growing populations. At the same time, financially strapped governments of mature market economies are struggling to upgrade and retrofit their aging and obsolete infrastructure. Societies at both ends of the development spectrum need more robust project governance structures that can enable new forms of financing coupled with improved systems of managerial oversight and control. Infrastructure is central to societal welfare, and the high cost of replicating the “last mile of pipe or wire” often requires a monopolistic state provision or regulated private provision strategy. We would thus ordinarily expect that the state would play a major role in its prioritization, funding, development and operation. However, historically this has not always been the case. Specific countries vary in their experience, but the United States (US) is not atypical. As Miller and Floricel (2000) point out, during much of the nineteenth century US transportation systems and power networks were built by private entrepreneurs, with minimal public involvement. Toward the end of the century, large corporate groups replaced the entrepreneurs but still experienced only modest public oversight. However, during the Progressive era of the early twentieth century, private initiatives were increasingly regulated and, over time, nationalized as public","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130202183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-26DOI: 10.4337/9781788973182.00009
Andrew J. South, R. Levitt, G. Dewulf
Institutional and stakeholder theory are employed to provide a conceptual framework to examine the issues posed for public_private partnerships (PPPs) as they create a governance framework to manage the interactions of multiple parties with different capabilities and varying interests. Because projects typically extend over several decades, a fundamental challenge is posed by dynamic stakeholder networks that vary significantly across the phases of project lifecycle. Project phases include identification or development, procurement, construction and maintenance. It is observed that different subsets of stakeholders assume dominance during each of these phases. These processes are illustrated by an empirical study of a highway transportation project making use of multiple types of archival data and interviews with a cross-section of stakeholders along the project timeline.
{"title":"Stakeholder network dynamics in public–private partnerships","authors":"Andrew J. South, R. Levitt, G. Dewulf","doi":"10.4337/9781788973182.00009","DOIUrl":"https://doi.org/10.4337/9781788973182.00009","url":null,"abstract":"Institutional and stakeholder theory are employed to provide a conceptual framework to examine the issues posed for public_private partnerships (PPPs) as they create a governance framework to manage the interactions of multiple parties with different capabilities and varying interests. Because projects typically extend over several decades, a fundamental challenge is posed by dynamic stakeholder networks that vary significantly across the phases of project lifecycle. Project phases include identification or development, procurement, construction and maintenance. It is observed that different subsets of stakeholders assume dominance during each of these phases. These processes are illustrated by an empirical study of a highway transportation project making use of multiple types of archival data and interviews with a cross-section of stakeholders along the project timeline.","PeriodicalId":269517,"journal":{"name":"Public–Private Partnerships for Infrastructure Development","volume":"189 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130610055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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