Case Study (Public-Private Partnerships: Theory, Practice, and Cases)
Instructors
Credits / Language / Semester
2Credits / English / Summer
Objectives/Overview
This course is intended to help prepare students for future positions, in both the public and private sectors, where international and financial sector perspectives are required.
This course has a particular goal to provide students with the basic knowledge of “Public-Private Partnerships (PPPs)” as a framework for infrastructure development in developing and emerging economies.
Keywords
emerging economies, developing economies, government contingent liabilities, infrastructure, PFI, PPPs, project finance, public services, risk management
Schedule
This case study will focus on PPPs as a framework for infrastructure development in developing and emerging economies. It covers a review of the underlying concept of PPPs (theory), challenges often encountered in implementing PPPs (practice), and actual project examples. Issues on risk-sharing, accountability, and managing government contingent liabilities are also covered. Details will be provided in the first class.
Day 1 Introduction
Day 2 For and against PPPs
Day 3 Financing
Day 4 Risk management
Day 5 Government contingent liabilities
Day 6 Legal aspects
Day 7 Mid-term presentation
Day 8 Cases
Day 9 Cases
Day 10 Discussion on particular issues (TBD)
Day 11 Discussion on particular issues (TBD)
Day 12 Discussion on particular issues (TBD)
Day 13 Final presentation
Day 14 Final presentation
Teaching Methods
This course will be conducted as a seminar with introductory lecture followed by class discussion. Active participation in discussion based on student experience and/or reading of assigned materials is expected. The working language is English.
Guest speakers will be invited to discuss specific issues from various perspectives and/or based on different fields of professional expertise.
Students are required to make presentations twice on a topic of interest, either individually or as a team depending on the total number of registered students. Each student is also required to submit reports based on the presentation in the middle and at the end of the course.
Grading
The course grade will be based on:
Presentations 40% (15% for mid-term and 25% for final)
Individual reports 40% (15% for mid-term and 25% for final)
Class attendance and participation 20%
Required Text
Required readings, mainly excerpts from the following materials, will be either made available on the course website or handed out in class:
ADB, JBIC and the World Bank (2005). Connecting East Asia: A New Framework for Infrastructure.
ADB and KDI (2011). Public-Private Partnership Infrastructure Projects: Case Studies from the Republic of Korea.
Akintoye, A., Matthias, B. and Hardcastle, C. (ed.) (2003). Public-Private Partnerships: Managing Risks and Opportunities. Oxford: Blackwell.
Grimsey, D. and Lewis, M.K. (2004). Public Private Partnerships: The Worldwide Revolution in Infrastructure Provision and Project Finance. Cheltenham and Northampton: Edward Elgar.
PPIAF and the World Bank (2011). How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets.
Schwartz, G., Corbacho, A. and Funke, K. (ed.) (2008). Public Investment and Public-Private Partnerships: Addressing Infrastructure Challenges and Managing Fiscal Risks. New York: Palgrave Macmillan.
Victor, D. and Heller, T.C. (ed.) (2008). The Political Economy of Power Sector Reform: The Experiences of Five Major Developing Countries. Cambridge: Cambridge University Press.
Weber, B. and Alfen, H.W. (2010). Infrastructure as an Asset Class: Investment Strategies, Project Finance and PPP. West Sussex: John Wiley&Sons.
Yescombe, E.R. (2007). Public-Private Partnerships: Principles of Policy and Finance. Burlington and Oxford: Butterworth-Heinemann.