Public-Private Partnerships in Emerging Economies

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Due to a lack of money, governments in developing nations are unable to finance public infrastructure. As a result, partnerships with the private sector are being used to fund public infrastructure procurement. This book looks at how law can be used to develop, sustain, and promote PPP frameworks that consider local conditions in developing economies.

Format: Hardback
Length: 228 pages
Publication date: 30 October 2020
Publisher: Taylor & Francis Ltd

Over the years, a significant shortfall in government budgets for infrastructure, particularly in developing economies, has emerged as a pressing concern. It has become increasingly unfeasible for governments to solely bear the entire burden of funding public infrastructure projects. Recognizing the impediment that inadequate public infrastructure poses to a country's economic development, partnerships with the private sector have emerged as an alternative approach to traditional public procurement.

Public-Private Partnerships (PPPs) are contractual arrangements that enable private entities to finance, design, manage, and operate public infrastructure for a specified period in exchange for tolls or payments from users or the government. These partnerships have gained prominence in many developing economies as a solution to the infrastructure crisis.

This book delves into the role of law in the adoption, implementation, and regulation of PPPs in select developing economies such as Brazil, India, Nigeria, and South Africa. It aims to address the challenges of overlapping laws and provide mechanisms to protect assets invested in PPPs to attract private sector interests in infrastructure financing in developing markets. By examining the legal frameworks and practices in these countries, the book showcases how law can be utilized to create, sustain, and promote PPP frameworks that are tailored to the local circumstances of developing economies.

The book begins by providing an overview of the infrastructure crisis in developing economies and the need for innovative financing solutions. It then explores the legal frameworks and regulatory considerations that shape PPPs in these countries. The book discusses the key legal principles and agreements that govern PPPs, including the concession agreements, project agreements, and financing agreements. It also examines the role of government agencies, such as the public procurement authority and the regulatory body, in the PPP process.

The book further explores the challenges and opportunities associated with PPPs in developing economies. It discusses the risks and benefits of partnering with the private sector, the potential for increased efficiency and cost-effectiveness, and the importance of ensuring transparency and accountability in the PPP process. The book also examines the role of law in dispute resolution, risk management, and asset protection in PPPs.

In conclusion, this book provides a comprehensive examination of the role of law in the adoption, implementation, and regulation of PPPs in developing economies. It offers valuable insights into the legal frameworks and practices that govern PPPs, as well as the challenges and opportunities associated with these partnerships. By leveraging the power of law, governments and private sector stakeholders can work together to create sustainable and effective PPP frameworks that contribute to the economic development of developing economies.

Weight: 526g
Dimension: 161 x 242 x 16 (mm)
ISBN-13: 9780367901110