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Format: 1 online resource (251 pages)

Edition: 1st ed.

ISBN: 9780367901110 , 9781000215533

Series Statement: Routledge Research in Finance and Banking Law Series

Content: This book examines the role of law in the adoption, implementation and regulation of Public-Private Partnership in selected developing economies including Brazil, India, Nigeria and South Africa

Note: Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- List of abbreviations -- List of statutes -- List of cases -- Preface -- Acknowledgements -- 1 Introduction to public-private partnerships -- 1.1 Background -- 1.2 What is PPP? -- 1.3 Definitions of other terms -- 1.3.1 Infrastructure -- 1.3.2 Public sector -- 1.3.3 Private sector -- 1.3.4 Greenfield and brownfield PPPs -- 1.3.5 Terms used in place of PPP in some jurisdictions -- 1.4 The rationale for adopting PPPs -- 1.5 Types of PPPs -- 1.5.1 Concession -- 1.5.2 The Private Finance Initiative (PFI) -- 1.6 PPP distinguished from other similar types of procurement -- 1.6.1 PPPs vs public-sector procurement -- 1.6.2 PPPs vs privatisation -- 1.6.3 Outsourcing vs PPP -- 1.7 Advantages and disadvantages of PPPs -- 1.8 The critical success factors for PPPs -- 1.8.1 A favourable framework for PPP -- 1.8.2 Transparency and anticorruption -- 1.8.3 Ensuring a healthy investment environment for PPPs -- 1.9 The PPP project cycle -- 1.10 Selecting the right projects for PPPs -- 1.10.1 The scope of the project and requirements -- 1.10.2 Is the project PPP viable? -- 1.11 Affordability, risk allocation, bankability and value for money -- 1.12 Conclusion -- 2 The framework for public-private partnerships -- 2.1 Introduction -- 2.2 The need for a framework -- 2.3 Policy and PPP -- 2.3.1 Policymaking in Brazil, India, Nigeria and South Africa -- 2.4 Legal framework for PPP -- 2.4.1 Key issues for a PPP legal framework -- 2.5 The institutional framework -- 2.5.1 A role for state institutions -- 2.5.2 How the institutional framework can be designed to support PPPs -- 2.6 Creation of a PPP law -- 2.7 Setting up the PPP unit -- 2.8 Regulation of PPP contracts -- 2.9 Resolution of PPP disputes -- 2.9.1 The challenge with PPP disputes -- 2.9.2 The choice of law , 2.10 Protection for PPP assets -- 2.11 Conclusion -- 3 The public-private partnership contract -- 3.1 Introduction -- 3.2 The PPP procurement process -- 3.2.1 The stages of a PPP project -- 3.3 The elements of a PPP contract -- 3.3.1 The concession agreement -- 3.3.2 Sub-contracts -- 3.4 Designing the main concession or PFI contract -- 3.5 PPP arrangements and sanctity of contract -- 3.5.1 The classical approach to sanctity of contract -- 3.5.2 A modern approach to sanctity of contract -- 3.6 Conclusion -- 4 Brazil -- 4.1 Introduction -- 4.2 Introducing Brazil -- 4.3 PPP in Brazil -- 4.4 The framework for PPP in Brazil -- 4.5 Stable political and social environment -- 4.5.1 The socio-political environment and PPP in Brazil -- 4.5.2 Public agencies administering PPP in Brazil -- 4.6 Sponsored and common concessions -- 4.7 The parties to a Brazilian PPP contract -- 4.7.1 The public authority -- 4.7.2 The project company -- 4.7.3 The guarantor -- 4.7.4 The investor -- 4.8 Scorecard for PPP projects in Brazil -- 4.9 Brief case studies of PPP projects in Brazil -- 4.9.1 PCH Figueirópolis and PCH Ludesa -- 4.9.2 Hospital do Subúrbio -- 4.9.3 Belo Horizonte schools -- 4.10 Good governance and PPP in Brazil -- 4.11 Conclusion -- 5 India -- 5.1 Introduction -- 5.2 Introducing India -- 5.3 Legal framework for PPP in India -- 5.4 Land acquisition for PPP purposes -- 5.5 Stable political and social environment -- 5.6 Well-organised and committed public agencies -- 5.7 Scorecard for PPP in India -- 5.8 Brief case studies of flagship PPP projects in India -- 5.8.1 Bhubaneswar street lighting -- 5.8.2 Berhampur solid-waste management -- 5.8.3 The Tuni Anakapalli Annuity Road Project -- 5.9 Good governance and PPP -- 5.9.1 Strong public-sector capacity -- 5.9.2 Community involvement -- 5.9.3 Adequate funding -- 5.9.4 Efficient risk sharing -- 5.9.5 Sustainability , 5.10 Conclusion -- 6 Nigeria -- 6.1 Introduction -- 6.2 Introducing Nigeria -- 6.3 Nigeria's federal system and PPP -- 6.3.1 The Exclusive Legislative List vs necessity -- 6.3.2 Items in the Exclusive Legislative List -- 6.3.3 Items in the Concurrent Legislative List -- 6.4 The essence of a framework -- 6.5 How PPP is administered in Nigeria -- 6.5.1 Regulations under the Infrastructure Concession Regulatory Commission Establishment (Etc.) Act of 2005 -- 6.5.2 Conventional public procurement vs PPP -- 6.6 Other laws to be considered -- 6.6.1 The Public Enterprises and Commercialisation Act (PECA) of 1999 -- 6.6.2 The Utilities Charges Commission Act (UCCA) of 1992 -- 6.6.3 The Environmental Impact Assessment Act (EIAA) of 1992 -- 6.6.4 The Debt Management Office Establishment (Etc.) Act (DMOA) of 2003 -- 6.6.5 The National Inland Waterways Act (NIWA) of 1997 -- 6.6.6 The Highways Act (Laws of the Federal Republic of Nigeria No. 35) (HA) of 1971 -- 6.6.7 The Fiscal Responsibility Act No. 31 (FRA) of 2007 -- 6.7 Regulations at the sub-national level -- 6.7.1 Lagos State -- 6.7.2 Rivers State -- 6.7.3 Ekiti State -- 6.7.4 Cross River State -- 6.8 Laws regulating Foreign Direct Investments (FDI) for infrastructure -- 6.8.1 The Nigerian Investment Promotion Commission Act (NIPCA) of 1998 -- 6.8.2 Provisions relating to investments -- 6.8.3 Protection for FDI under the Foreign Exchange (Monitoring and Miscellaneous) Provisions Act (FEMMA) of 1995 -- 6.9 Case studies of PPP projects in Nigeria -- 6.9.1 The Lagos Ibadan Expressway project -- 6.9.2 Lekki-Epe Concession Toll Road Project -- 6.9.3 Murtala Mohammed Airport Terminal 2 -- 6.9.4 Cross River State Hospital -- 6.9.5 Tinapa project -- 6.10 Conclusion -- 7 South Africa -- 7.1 Introduction -- 7.2 Legislative framework for PPP in South Africa -- 7.2.1 The Constitution of the Republic of South Africa , 7.2.2 The Public Finance Management Act of 1999 -- 7.2.3 Treasury Regulation 16 (2004) to the Public Finance Management Act (Act No. 1 of 1999) -- 7.2.4 The Municipal Finance Management Act (Act No. 56 of 2003) -- 7.2.5 Municipal Systems Act (Act No. 32 of 2003) -- 7.2.6 The PPP manual and the standardised PPP provisions -- 7.3 South Africa's PPP policy -- 7.4 Institutional framework for PPP in South Africa -- 7.4.1 The National Treasury's PPP Unit -- 7.4.2 Institutions of government -- 7.5 PPP practice in South Africa -- 7.5.1 Inception phase -- 7.5.2 Feasibility study phase -- 7.5.3 Procurement phase -- 7.5.4 Implementation phase -- 7.5.5 Dispute resolution -- 7.5.6 Funding of PPPs in South Africa -- 7.5.7 Protecting funds invested in PPP projects -- 7.5.8 The Protection of Investment Act No. 22 of 2015 -- 7.6 Case studies of PPP projects in South Africa -- 7.6.1 The N4 from South Africa to Mozambique -- 7.6.2 The Pelonomi and Universitas Hospital Co-location, Bloemfontein -- 7.6.3 The prison contracts -- 7.6.4 South Africa's Gautrain -- 7.7 Challenges to the implementation of PPP in South Africa -- 7.8 Conclusion -- 8 A comparative examination of the regulatory environment for public-private partnership for Brazil, India, Nigeria and South Africa -- 8.1 Introduction -- 8.2 The establishment of an adequate legal framework -- 8.2.1 Brazil's PPP framework -- 8.2.2 India's PPP framework -- 8.2.3 Nigeria's PPP framework -- 8.2.4 South Africa's PPP framework -- 8.2.5 Similarities in the frameworks of the selected countries -- 8.2.6 Dissimilarities in the frameworks of the selected countries -- 8.3 Innovations and good practice -- 8.3.1 Brazil -- 8.3.2 India -- 8.3.3 Nigeria -- 8.3.4 South Africa -- 8.4 Weaknesses of the frameworks in the selected jurisdictions -- 8.4.1 Brazil -- 8.4.2 India -- 8.4.3 Nigeria -- 8.4.4 South Africa -- 8.5 Conclusion , 9 Conclusion: the future of public-private partnerships in emerging economies -- 9.1 Introduction -- 9.2 A clear understanding of what PPP is and how it works -- 9.3 The challenge facing emerging economies -- 9.4 How to ensure successful PPP regimes in emerging economies -- 9.4.1 Regulating PPP -- 9.4.2 Unlocking the domestic financial market -- 9.4.3 Respect for rule of law and sanctity of contract -- 9.4.4 Offering incentives -- 9.4.5 Regular training of public officials -- 9.4.6 Making guarantees available -- 9.5 Conclusion -- Index

Additional Edition: Print version Arimoro, Augustine Edobor Public-Private Partnerships in Emerging Economies Oxford : Taylor & Francis Group,c2020 ISBN 9780367901110

Language: English

Keywords: Electronic books

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