Skip to ContentSkip to Navigation
About usNews and EventsNews articles

Optimising project finance solutions in the water sector. Suggestions for enhanced public private partnerships in developing countries

19 October 2009

PhD ceremony: X.C. Mandri Perrott, 14.45 uur, Academiegebouw, Broerstraat 5, Groningen

Thesis: Optimising project finance solutions in the water sector. Suggestions for enhanced public private partnerships in developing countries

Promotor(s): prof. H. Folmer

Faculty: Spatial Sciences

 

Public-private partnerships (PPP’s) have become an increasingly important mechanism in the provision of infrastructure and in particular for long term water and waste water services. This research is based on a detailed analysis of considerable international case history and sector experience in PPPs since the late 1980’s. Data is collected through an examination of the historical evolution of PPPs, the implications of PPPs against the national legal contexts in which they are set, and the contractual structures available for private sector involvement in the provision of water and wastewater services. The key findings and recommendations are based on a broad interpretation of sustainability which includes adequately addressing human, social, economic and environmental issues. The long term success of the PPP arrangement will in a very large part be determined by the way that these factors are dealt with contractually. Suggested improvements for clauses that can potentially influence contractual and scheme performance are provided. The importance of ensuring the continuing success of PPP schemes during their long term implementation and operation phases is recognized by providing specific recommendations on how to maintaining the economic and financial equilibrium. Also related to the long term nature of the PPP arrangements, suggestions are made on how flexibility can be introduced to the contract but at the same time do not open the door for full re-negotiation of basic terms.Other recommendations include effective ways to transfer risks of underground asset condition and other imponderables to the Developer in a systematic and sequential manner. This is taken one stage further by providing suggestions to improve public bidding and procurement procedures to deal with imperfect data. The research finishes by building on some of the contractual and structural limitations of the ‘traditional’ contract forms, proposing new contractual models, namely Output Based PPP agreements and long term arrangements incorporating the use of Trust structures to more effectively leverage financial resources.

 

Last modified:15 September 2017 3.38 p.m.
printView this page in: Nederlands

More news

  • 11 October 2019

    Down Under with Top Dutch

    After two years of hard work, the Groningen Top Dutch Solar Racing team has arrived in Australia. The team consists of students of the Hanze University of Applied Sciences, University of Groningen, and secondary vocational education (MBO) and is currently...

  • 10 October 2019

    New lectures series: Treasures from the University Library

    In the lecture series Treasures from the University Library, researchers using material from our Special Collections talk about their research, while the objects in question are also present.

  • 08 October 2019

    Making a splash in whale research

    He disliked genetics as an undergraduate and never really wanted to work with whales. Yet, Per Palsbøll became a worldwide expert in the genetics of marine mammals, heading a research programme spanning the entire globe. Introducing the concept of...