Farquharson, EdwardTorres de Mastle, ClemenciaYescombe, E.R.Encinas, Javier2012-03-192012-03-192011-06-14978-0-8213-7863-2https://hdl.handle.net/10986/2262What transforms a desirable project on a government wish list to an attractive investment opportunity in the eyes of a potential private sector partner? This guide seeks to enhance the chances of developing effective partnerships between the public and the private sectors by addressing one of the main obstacles to the effective delivery of public-private partnership (PPP) projects: having the right information on the right project for the right partners at the right time. Data from the World Bank and the Public-Private Infrastructure Advisory Facility (PPIAF) private participation in infrastructure (PPI) project database indicate that private sector investment in infrastructure in developing economies grew steadily over the past decade. By 2007 the levels had finally surpassed the peak levels seen in 1997, the end of the previous growth spurt. This guide focuses specifically on what should be done, and when, in order to prepare projects to attract the right long-term private partners, procure their involvement, and manage the partnership. This guide is not a detailed project preparation manual; rather, it seeks to provide an overview of the process and what is involved so that greater realism can be applied to this challenging task and adequate resource plans can be developed.CC BY 3.0 IGOACCOUNTABILITYACCOUNTINGAUTONOMYBIDBIDDINGBIDSBORROWERBOTBUDGETINGCAPITAL COSTSCAPITAL INVESTMENTCAPITAL VALUECOLLABORATIONCOMPANYCOMPUTER SYSTEMSCONCESSION AGREEMENTCONFLICTS OF INTERESTCONSUMER PRICE INDEXCONTRACT DISPUTESCONTRACT MONITORINGCONTRACT PERIODCONTRACTORSCONTRACTUAL FRAMEWORKCONTRACTUAL RELATIONSHIPCONTRACTUAL RELATIONSHIPSCORPORATE FINANCECORPORATIONCOST-BENEFITCOSTS OF SERVICECREDIBILITYCREDIT AVAILABILITYCREDIT FLOWSCROSS-SUBSIDIESCROSS-SUBSIDIZATIONDEBTDECISION MAKINGDECISION-MAKINGDELIVERY OF SERVICESDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT FINANCEDISCOUNT RATEDOMESTIC MARKETSDUE DILIGENCEELECTRICITYELECTRICITY SERVICESELECTRIFICATIONEMERGING ECONOMIESEMERGING MARKETSEQUIPMENTEQUITY INVESTMENTEQUITY INVESTORSEXPANSIONFINANCIAL MANAGEMENTFIRMSFOREIGN INVESTORSGOVERNMENT BORROWINGGOVERNMENT POLICIESGOVERNMENT SUPPORTHEALTH CAREHUMAN RESOURCEINDEPENDENT REGULATORINFORMATION TECHNOLOGYINFRASTRUCTURE FINANCEINFRASTRUCTURE INVESTMENTINFRASTRUCTURE PROJECTINNOVATIONSINSTITUTIONAL CAPACITYINTERNATIONAL BANKINTERNATIONAL CREDITINTERNATIONAL FINANCEINTERNATIONAL MARKETSINVESTINGINVESTMENT BANKINVESTMENT BEHAVIORINVESTMENT DECISIONINVESTMENT OPPORTUNITYINVESTMENT PROJECTSLACK OF TRANSPARENCYLAWSLEASINGLEGAL FRAMEWORKLEGAL REFORMLEGAL SYSTEMLEGAL TRADITIONSLEGISLATIONLEGISLATIVE FRAMEWORKLENDERLENDERSLICENSESLOCAL GOVERNMENTLONG-TERM CONCESSIONSMATURITYMODEL CONTRACTMODEL CONTRACTSMUNICIPAL AUTHORITIESMUNICIPAL GOVERNMENTOPERATIONAL RISKSPAYMENT OBLIGATIONSPENALTIESPENSIONPENSION FUNDPERFORMANCE RISKPORTSPOTENTIAL INVESTORSPPPSPRICE OF WATERPRIVATE CAPITALPRIVATE EQUITYPRIVATE FINANCEPRIVATE FINANCINGPRIVATE INFRASTRUCTUREPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE PARTIESPRIVATE PARTNERPRIVATE PARTNERSHIPPRIVATE PARTYPRIVATE SECTORPRIVATE SECTOR COOPERATIONPRIVATE SECTOR DEVELOPMENTPRIVATE SECTOR FINANCEPRIVATE SECTOR INVESTMENTPRIVATE SECTOR INVESTMENT IN INFRASTRUCTUREPRIVATE SECTOR INVOLVEMENTPRIVATE SECTOR PARTICIPATIONPRIVATE SECTOR PARTNERSPRIVATE SECTOR PARTYPRIVATE SECTOR RESOURCESPRIVATIZATIONPRODUCTIVITYPROGRAMSPROJECT SPONSORSPROVISION OF SERVICESPROVISION OF WATERPROVISIONSPUBLICPUBLIC FINANCEPUBLIC FINANCE MANAGEMENTPUBLIC INFRASTRUCTUREPUBLIC INVESTMENTPUBLIC POLICYPUBLIC PROCUREMENTPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR MANAGEMENTPUBLIC SECTOR OFFICIALSPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC WORKSPUBLIC-PRIVATE PARTNERSHIPSREALISMREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRETURNRETURNSRISK MANAGEMENTROADSSERVICE PROVIDERSSERVICE PROVISIONSHAREHOLDERSSHARES OF INVESTMENTSTATUTORY REQUIREMENTSSTRUCTURAL PROBLEMSSTRUCTURE OF GOVERNMENTSUBSIDIARYSUPPLIERSTARIFF REFORMTARIFF STRUCTURETAXTELECOMMUNICATIONSTRAINING PROGRAMSTRANSACTIONTRANSACTION COSTSTRANSPARENCYTRANSPORTTRANSPORT INFRASTRUCTURETREASURYTURNOVERUNDERLYING ASSETURBAN WATERURBAN WATER UTILITIESUSER CHARGESUTILITIESUTILITY COMPANYVALUE ADDED TAXESWATER BUSINESSWATER SECTORWATER SERVICESWITHHOLDING TAXWorld Bank10.1596/978-0-8213-7863-2