20130420-世界经济论坛-Strategic_Infrastructure_Steps_to_Prepare_and_Accelerate_Public-Private_Partnerships_76页_5mb

Steps to Prepare and Accelerate Public-Private Partnerships (PPPs)

The report identifies a critical gap in PPP project preparation despite high infrastructure demands and opportunities. Key recommendations:

1. Rigorous Project Preparation Process:

   • Assemble experienced cross-functional teams with clear roles.
   • Establish a governance structure with defined responsibilities.
   • Implement rigorous project management, secure adequate funding, and utilize project preparation facilities.

2. Bankable Feasibility Study:

   • Conduct robust demand forecasting, technical specifications, and revenue assessments.
   • Test bankability through market sounding, apply user charges, and ensure professional stakeholder engagement.

3. Balanced Risk Allocation & Regulation:

   • Adopt life-cycle-oriented contracts, apply incentive-based pricing, and identify all risks.
   • Mitigate risks through sharing, allocate to the best party, and ensure adaptive regulation.

4. Conducive Enabling Environment:

   • Establish a solid legal framework, enhance public and private sector capacity.
   • Facilitate access to finance, develop a competitive local industry, and insist on transparency and anti-corruption standards.

The strategic importance of PPPs lies in their ability to accelerate infrastructure development by combining private finance and skills. However, challenges include the "project preparation gap," which delays or fails projects due to inadequate demand forecasting, delayed approvals, and poor risk management. To address this, recommendations focus on systematic best practices across four dimensions while emphasizing the synergy between these areas and the role of a comprehensive PPP strategy.