New tool launched to help unlock value behind infrastructure Public Private Partnerships
04 September 2018
Turner & Townsend:
We, in partnership with the
Global Infrastructure Hub
(GIH), have launched a new online reference tool that provides
practical, user-friendly guidance for public officials in charge of
managing
PPP infrastructure projects after financial close, through
construction and operations.
The G20 initiative establishes best practice guidance to increase the
flow and quality of PPP infrastructure investments internationally.
The tool aims to help government officials address these types of
challenges and prevent potential setbacks and disruptions throughout the
construction and operations phases of a project.
Murray Rowden, Regional Managing Director, Americas & Global
Head of Infrastructure at Turner & Townsend, said: “PPPs offer
a huge opportunity to unlock infrastructure investment, but these
long-term programmes require a long-term view if they are to deliver for
all parties. The reference tool also highlights lessons that can be
applied at the procurement phase of a PPP project, to ensure better
quality and more robust PPPs during delivery.
"Learning from past examples, our tool sets out the skills and expertise required to both procure and manage programmes across their whole lifecycle – ensuring that infrastructure assets are set up for success from day one.”
The project has been informed by an in-depth interrogation of 250
infrastructure PPPs reaching financial close between 2005 and 2015 to
understand their successes and challenges.
The research programme included three global workshops with government
participants from over 30 countries, as well as Multilateral Development
Banks, including the World Bank, the Inter-American Development Bank and
the European Investment Bank, and infrastructure legal practitioners
from King & Wood Mallesons and Norton Rose Fulbright.
CEO of the Global Infrastructure Hub, Chris Heathcote, said that
governments need to focus on the importance of managing PPP
infrastructure projects to ensure that the public is receiving the full
benefit of the infrastructure services. Governments need to monitor the
obligations of a private sector operator and ensure that scope changes
are managed effectively to ensure value for money and minimise the risk
of disputes, according to the Global Infrastructure Hub. Governments
also need to ensure that community stakeholders are consulted in
relation to disruptions through construction and operations.
The PPP Contract Management Tool: https://managingppp.gihub.org/
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Source: Turner & Townsend - www.turnerandtownsend.com
Contact: N/A
External Links: https://managingppp.gihub.org/
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