Evaluation of Public Sector Contributions to Public-Private Partnership Projects
The Bank requires that any public sector contribution to a collaborative effort between the public sector and private enterprises in the transport sector be analyzed and justified in economic terms. This Note will set out the basis for making such...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6370615/evaluation-public-sector-contributions-public-private-partnership-projects http://hdl.handle.net/10986/11790 |
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okr-10986-117902021-04-23T14:02:57Z Evaluation of Public Sector Contributions to Public-Private Partnership Projects Mackie, Peter Nellthorp, John Laird, James AIR POLLUTION AIR QUALITY AUDITORS BENCHMARK CITIES COMPARATIVE ADVANTAGE CONSUMER SURPLUS CONSUMERS CONTRACTUAL ARRANGEMENTS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST SAVINGS ECOLOGY ECONOMIC ANALYSIS ECONOMICS ENVIRONMENTAL ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY FINANCIAL PERFORMANCE FORECASTS GDP GDP PER CAPITA INCENTIVE EFFECTS M1 MARGINAL COST NEGATIVE EXTERNALITIES OPERATING COSTS OPPORTUNITY COST OPPORTUNITY COSTS PORTS POSITIVE EXTERNALITIES PRESENT VALUE PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC PUBLIC FUNDS PUBLIC MONEY PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SECTORS PUBLIC TRANSPORT REDUCING EMISSIONS ROAD INFRASTRUCTURE ROADS SAVINGS SETTLEMENTS SOCIAL WELFARE UNDERLYING PROBLEM URBAN DEVELOPMENT USER BENEFITS The Bank requires that any public sector contribution to a collaborative effort between the public sector and private enterprises in the transport sector be analyzed and justified in economic terms. This Note will set out the basis for making such an analysis. The general principles underlying this analysis are that: 1) public contributions to public-private partnership (PPP) projects should be justified on the basis of external benefits from the project, compared with the scenario where no public contribution is made. 2) these external benefits are benefits for the wider economy or society which will arise from the project, but which will not be appropriated by the private partner in the contract; 3) by implication, the social welfare gain must be greater than the amount of public money invested multiplied by the cost of public funds. In practice, a range of different reasons can be - and have been - put forward to explain public contributions to PPP projects, including the following: 1) to pay for positive externalities, such as decongestion or improvements in environmental quality; 2) to contribute to the cost of mitigating negative externalities, which private providers often have little incentive to take into account when designing the project; 3) to secure network improvements necessary for economic development or other planning benefits, for which users are in the short term unable to pay. These are considered one by one in Sections 2, 3, and 4. 2012-08-13T16:02:03Z 2012-08-13T16:02:03Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6370615/evaluation-public-sector-contributions-public-private-partnership-projects http://hdl.handle.net/10986/11790 English Transport Notes Series; No. TRN 20 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AIR POLLUTION AIR QUALITY AUDITORS BENCHMARK CITIES COMPARATIVE ADVANTAGE CONSUMER SURPLUS CONSUMERS CONTRACTUAL ARRANGEMENTS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST SAVINGS ECOLOGY ECONOMIC ANALYSIS ECONOMICS ENVIRONMENTAL ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY FINANCIAL PERFORMANCE FORECASTS GDP GDP PER CAPITA INCENTIVE EFFECTS M1 MARGINAL COST NEGATIVE EXTERNALITIES OPERATING COSTS OPPORTUNITY COST OPPORTUNITY COSTS PORTS POSITIVE EXTERNALITIES PRESENT VALUE PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC PUBLIC FUNDS PUBLIC MONEY PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SECTORS PUBLIC TRANSPORT REDUCING EMISSIONS ROAD INFRASTRUCTURE ROADS SAVINGS SETTLEMENTS SOCIAL WELFARE UNDERLYING PROBLEM URBAN DEVELOPMENT USER BENEFITS |
| spellingShingle |
AIR POLLUTION AIR QUALITY AUDITORS BENCHMARK CITIES COMPARATIVE ADVANTAGE CONSUMER SURPLUS CONSUMERS CONTRACTUAL ARRANGEMENTS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST SAVINGS ECOLOGY ECONOMIC ANALYSIS ECONOMICS ENVIRONMENTAL ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY FINANCIAL PERFORMANCE FORECASTS GDP GDP PER CAPITA INCENTIVE EFFECTS M1 MARGINAL COST NEGATIVE EXTERNALITIES OPERATING COSTS OPPORTUNITY COST OPPORTUNITY COSTS PORTS POSITIVE EXTERNALITIES PRESENT VALUE PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC PUBLIC FUNDS PUBLIC MONEY PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR PROJECTS PUBLIC SECTORS PUBLIC TRANSPORT REDUCING EMISSIONS ROAD INFRASTRUCTURE ROADS SAVINGS SETTLEMENTS SOCIAL WELFARE UNDERLYING PROBLEM URBAN DEVELOPMENT USER BENEFITS Mackie, Peter Nellthorp, John Laird, James Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| relation |
Transport Notes Series; No. TRN 20 |
| description |
The Bank requires that any public sector
contribution to a collaborative effort between the public
sector and private enterprises in the transport sector be
analyzed and justified in economic terms. This Note will set
out the basis for making such an analysis. The general
principles underlying this analysis are that: 1) public
contributions to public-private partnership (PPP) projects
should be justified on the basis of external benefits from
the project, compared with the scenario where no public
contribution is made. 2) these external benefits are
benefits for the wider economy or society which will arise
from the project, but which will not be appropriated by the
private partner in the contract; 3) by implication, the
social welfare gain must be greater than the amount of
public money invested multiplied by the cost of public
funds. In practice, a range of different reasons can be -
and have been - put forward to explain public contributions
to PPP projects, including the following: 1) to pay for
positive externalities, such as decongestion or improvements
in environmental quality; 2) to contribute to the cost of
mitigating negative externalities, which private providers
often have little incentive to take into account when
designing the project; 3) to secure network improvements
necessary for economic development or other planning
benefits, for which users are in the short term unable to
pay. These are considered one by one in Sections 2, 3, and 4. |
| format |
Publications & Research :: Brief |
| author |
Mackie, Peter Nellthorp, John Laird, James |
| author_facet |
Mackie, Peter Nellthorp, John Laird, James |
| author_sort |
Mackie, Peter |
| title |
Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| title_short |
Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| title_full |
Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| title_fullStr |
Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| title_full_unstemmed |
Evaluation of Public Sector Contributions to Public-Private Partnership Projects |
| title_sort |
evaluation of public sector contributions to public-private partnership projects |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/6370615/evaluation-public-sector-contributions-public-private-partnership-projects http://hdl.handle.net/10986/11790 |
| _version_ |
1764418005324791808 |