PPP Enabling Development
An enabling framework is essential to support development of a PPP program. While individual projects can certainly be implemented without an extensive framework, it helps to establish a broader and consistent enabling framework when more than a handful of PPP projects is anticipated or desired. The core enabling framework consists essentially of appropriate PPP Policies, a clear legislative and regulatory framework, well-designed, even-handed processes and procedures and capable institutions (including PPP Units, where appropriate). Our team of PPP practitioners and Legal experts have considerable experience of developing PPP framework and institutions to handle programs and projects including regulatory and competition authorities.
PPP Project Initiation and Development
CPCS understands the complexities of PPP project development and the time and costs required to deliver successful PPPs. Identifying and screening projects early can save considerable expense and effort on the ‘wrong’ projects. CPCS’s team of PPP experts is experienced in all aspects of project identification, screening and prioritization including multi criteria analysis (MCA), prefeasibility studies, initial market and stakeholder soundings and the preparation of PPP project pipelines. Not all projects are suited for private sector participation and the above process identifies those more suited to government and donor financing.
PPP Project Structuring and Procurement Strategy
Structuring successful PPPs is highly complex and PPP projects are generally much more challenging to implement than ‘traditional’ public procurement projects (e.g. with no private sector investment). Projects conceived for public funding can rarely simply be offered to the private sector on the assumption that they will be attractive without adjustments. Private proponents will require that the risks associated with the project (technical, political, financial, legal, regulatory, commercial, etc.) are balanced against expected financial returns. With this in mind, the public sector must balance their own priorities against any need for project adjustments to attract private sector interest. This will include assessing the project against a range of public sector objectives, including social, economic, developmental, environmental and fiscal considerations.