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Public–Private Partnership for Sub-Saharan Africa pp 13–46Cite as

Development of Public-Private Partnerships (PPPs) in Diversified Economic Areas

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Abstract

Project finance is an economic concept strongly connected with the development of theories of conventional and Islamic finance. In the light of ongoing changes on the financial markets and scientific progress in the development of the field of finance, the need for cooperation between the areas of conventional finance of companies and public finance is becoming more and more apparent. Thus, the author presents in this chapter the broad PPP definition and its compilation. The chapter draws attention to the phenomena of the development of PPPs worldwide. It manifests both: the benefits of PPP for local communities and the negative assessment of PPP projects in various economic and political conditions.

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Notes

  1. 1.

    Hua Jin et al. [1].

  2. 2.

    Hausner [2].

  3. 3.

    Filipak [3], after Sochacka-Krysiak [4].

  4. 4.

    Cf. Kosikowski [5].

  5. 5.

    Nevit and Fabozzi [6].

  6. 6.

    de Nahlik et al. [7], after Pollio [8].

  7. 7.

    Harries [9].

  8. 8.

    http://www.uncdf.org/sites/default/files/Documents/uncdf_lfi_project_workshop-21.10.2014daressalaam.pdf, accessed on 11.10.2016 and http://www.eib.org/epec/g2g/annex/1-project-finance/.

  9. 9.

    Greenfield investment projects—one of the types of direct foreign investments (FDI). These are investments created from scratch. They rely on establishing completely new businesses. Such investments are particularly characteristic of developing countries. Brownfield investment projects are another type of FDI. They usually occur in highly developed countries. Brownfield investment projects consist of the acquisition of already existing companies or take the form of a merger. Source: Górniewicz [10].

  10. 10.

    Ring-fenced—financing without recourse to sponsors of the project.

  11. 11.

    Yescombe [11].

  12. 12.

    Kopańska [12].

  13. 13.

    Kociemska [13].

  14. 14.

    Grimsey and Lewis [14].

  15. 15.

    Sedjar [15].

  16. 16.

    Cf. Yescombe [16].

  17. 17.

    The EU Framework Programme for Research and Innovation Horizon 2020, European Commission, 2014, www.ec.europa.eu.

  18. 18.

    OECD, Principles for public governance of public private partnerships, May 2012.

  19. 19.

    World Bank [17].

  20. 20.

    Sadka [18], Hall [19].

  21. 21.

    Sciulli [20].

  22. 22.

    B. Filipak, Finanse samorządu terytorialnego, p. 141, after Bailey [21, Kachniarz 22].

  23. 23.

    SPV—special purpose vehicle, commercial law company, established within the framework of public-private partnership by public and private partners.

  24. 24.

    Herbst [23].

  25. 25.

    Boardman [24].

  26. 26.

    Kłosowicz and Mormul [25].

  27. 27.

    Kulesza [26].

  28. 28.

    Act of the 22 June 2016 amending the Public Procurement Law and other acts, Dz. U. [Journal of Laws] of the 13 July 2016, item 1020.

  29. 29.

    Never mind the balance sheet: the dangers posed by PPP in Central and Eastern Europe, Bankwatch Network 11.2008, http://bankwatch.org/documents/never_mind_the_balance_sheet.pdf, accessed on 10.09.2016.

  30. 30.

    Act of the 19th of December 2008 on public-private partnership, Dz. U. [Journal of Laws] of 2009, item 696, 1777 and Act of the 9th of January 2009 on concessions for construction works or services, Dz. U. [Journal of Laws] of 2009, No. 19, item 101.

  31. 31.

    Poniatowicz [27].

  32. 32.

    Raport o partnerstwie publiczno-prywatnym w Polsce, collective work, ed: Prof. Jerzy Hausner, authors: Dr. Irena Herbst, Dr. Aleksandra Jadach-Sepioło, Tomasz Korczynski, collaboration: Tomasz Jagusztyn-Krynicki, Bartosz Mysiorski, Przemysław Zaremba, Warsaw 2013, p. 18, http://www.centrum-ppp.pl/templates/download/rap_PPP_final_version.pdf.

  33. 33.

    Zalewski [28].

  34. 34.

    Report: “Rynek partnerstwa publiczno-prywatnego i koncesji w Polsce w 2014 r. na tle stanu obowiązującego w latach 2009–2013”, as cited in http://wartowiedziec.org/index.php/start/aktualnosci/25538-raport-o-stanie-rynku-ppp.

  35. 35.

    New decision of Eurostat on deficit and debt: treatment of public private partnership, 18/2004—11.02.2004.

  36. 36.

    Regulation of the Minister of Finance of 3 February 2010 on budgetary reporting, Dz. U. [Journal of Laws] No. 20, item 103.

  37. 37.

    Treaty on European Union, 7 February 1992, www.oide.sejm.gov.pl.

  38. 38.

    D. Hall, op. cit., p. 9.

  39. 39.

    EPEC [29].

  40. 40.

    H. Kociemska, Public-private…, pp. 53–58.

  41. 41.

    For further explanation, see Chap. 3.

  42. 42.

    www.ppp.worldbank.org/public-private-partnership/sites/ppp.worldbank.org/files/ppp_testdumb/documents/GuidanceNote_PPP_September2010.pdf.

  43. 43.

    www.siteresources.worldbank.org/INTPROCUREMENT/Resources/ProcGuid-10-06-RevMay10-ev2.pdf.

  44. 44.

    www.ppp.worldbank.org/public-private-partnership/legislation-regulation/laws/procurement.

  45. 45.

    Cf. Ministry of Economy [30].

  46. 46.

    European Commission Directorate General Regional Policy, report: Guidelines for successful public private partnerships, European Commission, Brussels, March 2003.

  47. 47.

    World Bank, World Trade Indicators Country Classification by Region and Income (July 2009–July 2010), www.worldbank.org (25.09.2010).

  48. 48.

    Africa Studies Center University of Pennsylvania 2016, www.africa.upenn.edu/Home_Page/mcgee.html.

  49. 49.

    2015 Statistics Regarding Religion Growth in Sub-Saharan Africa, The Future of World Religions Population Growth Projections 2010–2050, PEW Research Center, www.nairaland.com accessed on 01.09.2016.

  50. 50.

    M. Krukowska, Zróżnicowanie poziomu wzrostu gospodarczego w wybranych krajach Afryki Subsaharyjskiej, Kolegia Szkoły Głównej Handlowej, Warsaw, Kwartalnik Archiwum, pp. 69–73.

  51. 51.

    www.providencemag.com/2016/01/six-challenges-facing-africa-2016/.

  52. 52.

    www.en.wikipedia.org/wiki/Demographics_of_the_European_Union.

  53. 53.

    www.providencemag.com/2016/01/six-challenges-facing-africa-2016.

  54. 54.

    Cf. H. G. Broadman: China and India go to Africa, Foreign Affairs, 87, pp. 85–109.

  55. 55.

    World Bank PPI Database [31]. Private Participation in Infrastructure—by PPP Type.

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  1. Wroclaw University of Economics, Wrocław, Poland

    Hanna Kociemska

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Kociemska, H. (2019). Development of Public-Private Partnerships (PPPs) in Diversified Economic Areas. In: Public–Private Partnership for Sub-Saharan Africa. Advances in African Economic, Social and Political Development. Springer, Cham. https://doi.org/10.1007/978-3-030-14753-2_2

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