Value for money assessment framework for public-private partnerships projects. / Modelo de análise da qualidade do investimento para projetos de parceria público-privada (PPP).

AUTOR(ES)
DATA DE PUBLICAÇÃO

2008

RESUMO

The private participation in infrastructure is not a new concept. Outsourcing and concession have been in place for centuries in many countries, where private companies played an important role in the development of the physical infrastructure. In the last decades, however, private participation has deeply changed the ways infrastructure and public services are delivered around the world. The most recent trend in this context is the partnership between the government and the private sector in areas of traditional public sector provision and control. Under this new approach, different types of government contributions may be required to render projects attractive to private investors. As a result, these schemes require a high level of public accountability, and the government must demonstrate that the PPP deal offers value for money for the use of public resources. Value for money assessment frameworks have been proposed in different countries to test whether the public-private partnership is the most efficient option for the government to carry out the project and deliver the associated services. Therefore, these frameworks are essential for the accountability and legitimacy of this new policy. The earliest value for money frameworks were severely criticized due to deficiencies such as subjectivity in risk analysis, bias for the selection of the private financing option and manipulation of the results to produce an expected answer. Recently, value for money frameworks have been reformed to address the deficiencies of the former approaches and to incorporate the ongoing evolution in public-private partnerships regulation and policy-making. This thesis aims to contribute for the regulation of the Brazilian PPP Law, which demands the demonstration of the value for money as a requisite for the progress of the project as a PPP. In this context, the thesis proposed not only comprehensive changes in the financial analysis approach for PPPs, but also the combination of socioeconomic, public interest and market appetite analysis prior to the procurement process as an indication of the likelihood of getting value for money in the deal. Consequently, the proposed framework highlights the accountability, transparency and auditability of schemes, which is ultimately a cornerstone for the legitimacy of the PPP policy. The research collection method involved a literature review of PPP state of art and meetings with public and private managers involved in groundbreaking PPP projects in the United Kingdom.

ASSUNTO(S)

private sector public service investimentos (qualidade) serviço público contratos públicos construção civil setor privado investments (quality) public contract civil construction

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