Includes bibliographical references, glossary, and index. Delmon, J. (2011). Public-private partnership projects in infrastructure : An essential guide for policy makers. New York, NY : Cambridge University Press.

Introduction -- Fundamentals of PPP -- PPP investment climate -- Project selection and preparation -- Identifying strategic projects for PPP -- Project preparation -- Financing PPP and the fundamentals of project finance -- Sources of financing -- Project finance -- What the government can do to improve the financial climate -- Allocation of risk -- Political risk -- Legal and regulatory risk -- Completion risk -- Performance risk -- Operation risk -- Operation risk -- Financing risk -- Currency risk -- Offtake risk -- Environmental and social risks -- Risk allocation and mitigation -- The contractual structure -- Concession agreement -- Offtake purchase agreement -- Input supply agreement -- Construction contract -- Operation and maintenance (O&M) agreement -- Lending agreement -- Hedging arrangements -- Intercreditor arrangements -- Insurance arrangements -- Guarantee and credit enhancement arrangements -- Sponsor support -- Shareholding arrangements -- Other key contractual issues -- Project implementation -- Operation manual -- Management team -- Regulatory -- Refinancing -- Renegotiations -- Expiry, termination, and handover -- Specific characteristics of PPP in different sectors -- Transportation -- Telecommunications and fiber optic backbone -- Power generation -- Retail distribution of water and sanitation services -- Financial and economic crises -- The impact of crises -- What can be done?

Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, healthcare, and achieving many of the goals of a robust economy. But infrastructure is difficult for the public sector to get right. Public-private partnerships (PPPs) can help; they provide more efficient procurement, focus on consumer satisfaction and life cycle maintenance, and provide new sources of investment, in particular through limited recourse debt. But PPPs present challenges of their own. This book provides a practical guide to PPPs for policy makers and strategists, showing how governments can enable and encourage PPPs, providing a step-by-step analysis of the development of PPP projects, and explaining how PPP financing works, what PPP contractual structures look like, and how PPP risk allocation works in practice. It includes specific discussion of each infrastructure sector, with a focus on the strategic and policy issues essential for successful development of infrastructure through PPPs.