World Bank2013-02-192013-02-192010-03https://hdl.handle.net/10986/12391This final report is the fifth deliverable for the World Bank funded project 'operational design for the project development fund and for the viability gap fund'. Taking into account feedback and further consideration of issues rose in the previous Reports, it aims to: provide high level recommendations on the overall Public Private Partnership (PPP) framework in Pakistan, recognizing international best practice but also taking into account the specific Pakistan context and the challenges faced their-in; provide the analysis of the project pipeline for PPP projects in Pakistan, on the basis of consultations undertaken in Islamabad in May 2009; and design possible structures for the Project Development Fund (PDF) and for the Viability Gap Fund (VGF), that is informed by the current local enabling environment for PPPs, including the institutional capabilities and the existing pipeline of PPP projects. This final report incorporates feedback from the World Bank and the Government of Pakistan on each of the above-listed issues, which were set out and discussed in details in previous reports.en-USCC BY 3.0 IGOACCESS TO CAPITALARBITRATIONBIDBIDSBUDGET CONSTRAINTSBUSINESSESCAPABILITIESCAPABILITYCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL GRANTCAPITAL GRANTSCELLULAR NETWORKSCHECKSCONFLICT OF INTERESTCONFLICTS OF INTERESTCONNECTIVITYCONTINGENT LIABILITIESCONTINGENT LIABILITYCOUNTRY RISKSCREDIT GUARANTEESDEBTDEBT MANAGEMENTDEBT POLICYDEGREE OF RISKDESCRIPTIONDEVELOPING COUNTRIESDISBURSEMENTDISBURSEMENTSDOCUMENTSDOMESTIC MARKETSDUE DILIGENCEELECTRICITYEMERGING MARKETSENABLING ENVIRONMENTENVIRONMENTALENVIRONMENTAL IMPACTSENVIRONMENTSEVALUATION CRITERIAEXCHANGE RATEEXPENDITUREEXPENDITURESEXTERNAL FUNDINGFINANCESFINANCIAL MANAGEMENTFINANCIAL RESOURCESFINANCIAL RISKFINANCIAL RISKSFINANCIAL SUPPORTFISCAL BURDENGOVERNMENT FUNDINGGOVERNMENT GUARANTEESGOVERNMENT SUPPORTHOSPITALSHOUSEHOLDSILLUSTRATIONINFRASTRUCTURE INVESTMENTINSTITUTIONINSTITUTIONAL ARCHITECTURESINSTITUTIONAL CAPACITIESINSTITUTIONAL FRAMEWORKINTEREST GROUPSINTEREST RATEINTEREST RATE VOLATILITYINTERFACEINTERNAL FINANCEINTERNATIONAL BEST PRACTICEINTERNATIONAL INVESTORINTERNATIONAL INVESTORSINVESTMENT BANKSINVESTMENT POLICYINVESTOR PERSPECTIVEKNOWLEDGE BASELAND OWNERSHIPLAND USELEGAL FRAMEWORKLEGAL ISSUESLENDERSLOANLOAN GUARANTEESLOCAL GOVERNMENTLONG TERM DEBTMARKET RISKMARKET RISKSMATERIALMODEL CONTRACTSNETWORK CONNECTIONSOPERATIONAL EFFICIENCYOUTSOURCINGPARTNERSHIP AGREEMENTPAYMENT DEFAULTSPDFPERFORMANCE RISKPERFORMANCE RISKSPOLICY FRAMEWORKPPPPRIVATE FINANCEPRIVATE FINANCINGPRIVATE INVESTORPRIVATE INVESTORSPRIVATE LENDERPRIVATE PARTIESPRIVATE PARTNERSHIPPRIVATE PARTNERSHIPSPRIVATE PARTYPRIVATE SECTORPRIVATE SECTOR INVESTMENTPRIVATE SECTOR PARTICIPATIONPRIVATE SECTORSPROCUREMENTPROCUREMENT PROCESSPROCUREMENT PROCESSESPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC FINANCERATE OF RETURNREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRENEGOTIATIONRENEGOTIATIONSREPAYMENTRESETTLEMENTRESULTRESULTSREVOLVING FUNDRISK MANAGEMENTRISK SHARINGSALES TRANSACTIONSENSITIVITY ANALYSESSERVICE CONTRACTSERVICE PROVIDERTECHNICAL ASSISTANCETECHNICAL EXPERTISETELECOMMUNICATIONSTHIRD PARTY TRANSACTIONTHIRD-PARTY TRANSACTIONTRANSACTION COSTSTRANSMISSIONTRANSPARENCYTREASURYTRUSTEEUSERVERIFICATIONWARRANTSWILLINGNESS TO PAYWorld Bank10.1596/12391