Public-Private Partnerships

Chapter 17

Alternative models

§17.1 Introduction

This final chapter looks at some alternatives to the PPP model discussed in the rest of this book, i.e. a model which assumes:

• a PPP Contract integrating finance, construction and operation of the Facility;

• carried out by a Project Company with most of the project risks transferred to Subcontractors;

• with debt financing from commercial banks or the bond market; and

• equity investment by private-sector Sponsors and other investors.

The alternative routes all involve ‘unbundling’—i.e. the Public Authority procuring one or more of the PPP building blocks (cf. §8.3) separately instead in one bundle within the PPP Contract. This has already been discussed in relation to:

• Funding—a funding competition ...