Attracting Investors to African Public-Private Partnerships: A Project Preparation Guide
As growth and development in Africa increase rapidly, investment in infrastructure projects will often be best accomplished through public-private partnership. This Project Preparation Guide offers the foundation blocks for public sector engagement with the private sector.\ This book assesses the relevant issues for selecting a project for public-private partnership, the actions for preparing projects for market, and the management process The guide addresses hiring and managing expert...
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As growth and development in Africa increase rapidly, investment in infrastructure projects will often be best accomplished through public-private partnership (PPP). This Guide offers the foundation blocks for public sector engagement with the private sector. The Guide contains an assessment of the issues relevant when selecting a project for PPP and the actions involved with preparing projects for market, including how the process should be managed. It looks at hiring and managing expert advisers and explains how the public sector should interact with the private sector during the project selection and preparation phases to ensure that decisions during these phases are based on a realistic view of what the private sector can provide. Additionally, it analyzes the issues of engagement with the private sector during the tender and after a contract has been signed.
About the Authors ixAbbreviations xi1 Introduction 1Role of Public-Private Partnerships 2Scope of the Guide 3Limits to the Guide 52 Defining Public-Private Partnerships 7Privatization and Management Contracts 7Types of Public-Private Partnerships 83 Setting the Framework 13Policy Rationale 13Legal Framework 14Investment Framework 16Operating Framework 16Summary 184 Selecting Projects 19Project Scope and Requirements 20Expressing Projects in Terms of Outputs 21Can the Project Be Delivered as a Public-Private Partnership? 23Value for Money 28Initial Market Assessment 29Lessons from Private Sector Engagement in Projects in Africa 305 Preparing Projects for Market 35Management of the Process 36Funding for Project Preparation 41Unsolicited Proposals 42Project Assessment 436 Project Advisers 47Role of Advisers 47When to Use Advisers 47Appointment of Advisers 50Role of Public-Private Partnership Units 50Management of Advisers 507 Managing the Interface with the Private Sector 53Preparation for Market Sounding 54Before the Launch 55Perception of the Project 57Role of Development Finance Institutions, Regional Investors, and Donors 57Transition to the Procurement Phase 598 Managing Procurement 63Outcome of the Procurement Phase 63Role of Advisers 64Role of Development Finance Institutions 64Bid Stages 64Project Launch 66Prequalification 69Request for Proposals 71Preferred Bidder and Financial Close 749 After Signing 75AppendixesA World Bank Private Participation in Infrastructure Project Database 81B Sample Extract of a Risk Management Registerfor Managing the Public-Private Partnership Project Process 85C Public-Private Partnership Web Sites 87D Profiles of Five African Public-Private Partnership Projects 91Songas Processing Plant in Tanzania 92Maputo Port in Mozambique 94Skikda Desalination Plant in Algeria 96Lesotho National Referral Hospital 98Water and Electricity Services Provision in Gabon 100References 103Index 105Boxes5.1 Common Problems in Project Governance 405.2 Common Mistakes in Project Preparation 417.1 Top 10 Tips for a Successful Market-Sounding Exercise 567.2 Major Concerns of Contractors and Investors 587.3 Major Concerns of Project Lenders 598.1 Project Information Memorandum 678.2 Bidders' Conference 68
