"Yard Stick" for Monitoring Toll Road Operators By
"Yard Stick" for Monitoring Toll Road Operators By
"Yard Stick" for Monitoring Toll Road Operators By
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Infrastructure Procurement Business Models<br />
Public Works<br />
& Procurement<br />
Contracts<br />
Management<br />
& Maintenance<br />
Contracts<br />
Brownfield:<br />
Operation &<br />
Maintenance<br />
Concessions<br />
Greenfield<br />
project, user<br />
financed<br />
Full<br />
Privatisation<br />
(BOO)<br />
Extent of Private Sector Participation & risk<br />
Low<br />
High<br />
Q: What is a Concession project in the transport<br />
sector?<br />
Ans: A cooperation between the public and private sectors <strong>for</strong><br />
the financing, development and operation of transport<br />
infrastructure.<br />
BOT/BOOT/DBFO/PFI = PPP Model<br />
Slide: 3<br />
Key issues in the PPP business model<br />
• Precise definition of the tasks assigned to each<br />
party – Risk allocation.<br />
The greater is the risk allocated to the private party<br />
the smaller is the public involvement.<br />
• Measuring the project’s per<strong>for</strong>mance, as set by the<br />
contract.<br />
Above depends on the extent to which the State and<br />
the Lenders can control and monitor the agent’s<br />
per<strong>for</strong>mance in the various phases of the contract.<br />
Slide: 4<br />
2
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