Value-for-Money Analysis--Practices and Challenges : How Governments Choose When to Use PPP to Deliver Public Infrastructure and Services
A growing number of governments are using Public-Private Partnerships (PPPs) to deliver infrastructure. A PPP is a long-term contract between a private party and a government agency, for providing a public asset or service, in which the private par...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/05/18822037/value-money-analysis-practices-challenges-governments-choose-use-ppp-deliver-public-infrastructure-services-value-money-analysis-practices-challenges-governments-choose-use-ppp-deliver-public-infrastructure-services http://hdl.handle.net/10986/17622 |
| Summary: | A growing number of governments are
using Public-Private Partnerships (PPPs) to deliver
infrastructure. A PPP is a long-term contract between a
private party and a government agency, for providing a
public asset or service, in which the private party bears
significant risk and management responsibility. Such
partnerships can help make the best use of the resources of
both the public and private sectors, including finance,
experience, expertise, and focus on delivery, to expand and
improve public infrastructure assets and services. This
report presents some of the key issues in assessing
Value-for-Money (VFM) that arose during the roundtable
discussion, based on the experience of the participants. The
content of this report is as follows: a) section two
provides an overview of VFM analysis; b) section three
discusses how VFM analysis is used in the PPP decision
making process; c) section four describes some
methodological challenges with VFM analysis; and d) section
five concludes, and summarizes the key lessons from the roundtable. |
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