New tool launched to help unlock value behind infrastructure Public Private Partnerships
We, in partnership with the Global Infrastructure Hub, 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.