International Project Finance: The Public-Private Partnership

Economic growth and development depend on infrastructure. Public-Private Partnerships (PPPs) are being promoted as the solution to the shortfall in financing needed to achieve the Sustainable Development Goals (SDGs). This book analyzes project finance from an interdisciplinary perspective and includes case studies assessing the relevance of private-public partnerships. It suggests that some of the original targets set may have been unrealistic and that the requisite financial resources may have been lacking.

Format: Paperback / softback
Length: 214 pages
Publication date: 20 April 2023
Publisher: Springer Nature Switzerland AG

Economic growth and development are heavily reliant on the quality of infrastructure. Every aspect of the economy and its infrastructure are interconnected in a systematic manner. Public-Private Partnerships (PPPs) are gaining prominence as a solution to the funding shortfall required to achieve the Sustainable Development Goals (SDGs). PPPs enable public entities to leverage the expertise and efficiency of the private sector to deliver services and facilities that have traditionally been provided by the public sector, either through government employees or traditional procurement methods. For a PPP project to be beneficial to all stakeholders, meticulous planning, effective implementation, and robust governance are essential.

Despite its growing significance worldwide, project finance has received relatively limited attention in research. This book takes a multidisciplinary approach, combining finance, management, and international business, and offers a unique perspective on project finance, including international laws of arbitrage and insights from international financial institutions. Furthermore, the book includes case studies that assess the relevance of private-public partnerships by comparing country expectations with actual outcomes. It is important to note that the gap between expectations and results does not necessarily indicate that significant progress has not been made. Rather, the book suggests that some of the initial targets may have been unrealistic, and that the necessary financial resources or financial sector policies may have been lacking.

In conclusion, the quality of infrastructure plays a crucial role in economic growth and development. PPPs are emerging as a promising solution to address the funding gap for achieving SDGs. However, for PPP projects to be successful, careful planning, effective implementation, and robust governance are essential. This book provides valuable insights into project finance, including international laws of arbitrage and perspectives from international financial institutions. It also includes case studies that assess the relevance of private-public partnerships, highlighting the gap between expectations and results. By understanding these factors, policymakers and stakeholders can work towards creating more sustainable and inclusive infrastructure development projects.

Weight: 315g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030963927
Edition number: 1st ed. 2022