Publication: Value-for-Money Analysis--Practices and Challenges : How Governments Choose When to Use PPP to Deliver Public Infrastructure and Services
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2013
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2014-04-07
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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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“World Bank Institute; Public-Private Infrastructure Advisory Facility. 2013. Value-for-Money Analysis--Practices and Challenges : How Governments Choose When to Use PPP to Deliver Public Infrastructure and Services. © http://hdl.handle.net/10986/17622 License: CC BY 3.0 IGO.”
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