Public-Private Partnerships to Develop Water Resources

Size: px
Start display at page:

Download "Public-Private Partnerships to Develop Water Resources"

Transcription

1 Public-Private Partnerships to Develop Water Resources Alan M. Trager Visiting Scholar and Professorial Lecturer, Johns Hopkins School of Advanced International Studies

2 What is a Public-Private Partnership (PPP)? [A] partnership is a collaboration among business, nonprofit organizations, and government in which risks, resources, and skills are shared in projects that benefit each partner as well as the community. Stratton (1989) in Mechanisms for Job Creation, OECD PPP features Sharing of risks, resources, and decisions Allocation of risks and opportunities Assessment of motivations and incentives for each partner Collaboration through negotiation

3 Public-Private Partnerships: A closer look 4 Public-private partnerships (PPPs) use an interdisciplinary approach to address complex public policy problems eligible for a multistakeholder solution PPPs can be used on a multi-asset, multi-country, multi-sector basis Multicountry Multiasset Multi-sector/ stakeholder PPPs offer the potential to improve country competitiveness in sectors such as water, healthcare, education, and infrastructure PPPs are a flexible organizational model

4 The potential for PPP value creation Private Sector Version Public Sector Version Private Value Public Value Demand Operational Capacity Operational Capacity Legitimacy & Support

5 Optimal configuration Private Value Public Value Demand Legitimacy & Support Operational Operational Capacity Capacity

6 Traditional models in water are increasingly facing their limits When a unit of government runs a water system, inefficiency too often exists throughout the value chain production, distribution, and fee collection When a unit of the private sector company runs a water system, low income populations may be at risk of being underserved Water is considered a right at what price? Is a two-tier system of distribution and pricing appropriate? Source: NYT and

7 Both sectors face new risks which demand a new application of PPPs Government faces new risks and pressures e.g. preserving water for natural habitat, damage from pollution, damage from development, climate change, and more demand for public accountability Private sector faces new risks e.g. liquidity constraints, uncertain macro and political environment, and pressure to hold down price increases/csr Neither sector has the ability to hedge these risks by themselves

8 Moreover, there are particular challenges associated with water Water is essential to life, generally underpriced, not well understood as an industry, and has no substitute Demand for water is outstripping supply, requiring large capital expenditures in the sector globally Contradictions between the supply and demand for water Underpriced but also overpriced Of different qualities Measured, rationed, and conserved Stolen and polluted

9 Example: United Water and the Atlanta government (2003) A case of poor due diligence, limited visibility on existing infrastructure, and lack of flexibility leading to the termination of a concession arrangement with the private sector and the return of water management to public control United Water and City of Atlanta.

10 Example: Singapore Public Utilities Board (PUB) A case of the successful use of a DBOO (Design, Build, Own, and Operate) contract to build NEWater plants in Singapore to produce ultra-clean, high-grade reclaimed water Singapore s Public Utilities Board.

11 A broader look at PPPs in Singapore PPPs are not new in Singapore, a state characterized by fiscal health and strong public sector capacity However, traditional concession models may no longer be sufficient to attain the optimal configuration Largest PPP to date: Sports Hub (award-winning) Government had to step in to provide loan support during the financial crisis Fresh perspectives on PPP Private sector can foster innovation and competition Opportunity for the state to co-create with the non-state sector Success requires a flexible organizational and financial model along a risk curve, not a template mentality This calls for a different set of skills for public sector officials

12 Implications for Singapore and the region on PPP skills development Political management PPP decisions are based on necessity and political considerations Government has to decide whether the resulting political risk of involving the private sector is worth it Negotiation Collaboration through negotiation Appreciation of motivations and incentives of various parties Financial structuring More about assumptions than models Does government truly transfer the liabilities? Innovation Through innovation and creativity, government can reduce the need for private sector financing, thus reducing risks

13 PPPs to develop water resources: Implications from Singapore PPPs offer a flexible organization model that can attract capital, skills, and innovation to develop water resources Governments have an obligation to provide safe and adequate supplies of water but may lack the operational capacity to do it efficiently The economics of water, impacted by serious supply/demand imbalances, add material risks to private investors Ex-post negotiations or re-negotiations can be used to navigate dynamic changes and are not necessarily a sign of failure The politics of managing multiple stakeholders in a water PPP require governments to commit to serving or subsidizing low income populations Singapore s openness to partner with other governments on PPPs, as an investor, technical advisor, demonstrates an expanded opportunity for public-public-private partnerships to develop water resources

14 15 THANK YOU.

PPP Basics and Principles of a PPP Framework

PPP Basics and Principles of a PPP Framework Note 1 May 2012 PPP Basics and Principles of a PPP Framework This note is the first in a series of notes on developing a comprehensive policy, legal, and institution framework for public-private partnership

More information

UNECE PPP Healthcare Standard

UNECE PPP Healthcare Standard INTERNATIONAL SPECIALIST CENTRE OF EXCELLENCE ON PPPs IN HEALTH MANILA, PHILIPPINES UNECE PPP Healthcare Standard Questions on lessons learned in the development of Public-Private Partnership ( PPP ) programmes

More information

Implementing due diligence in gold supply chains Potential role for the World Bank s Public-Private Initiative on Artisanal and Small-Scale Mining

Implementing due diligence in gold supply chains Potential role for the World Bank s Public-Private Initiative on Artisanal and Small-Scale Mining Implementing due diligence in gold supply chains Potential role for the World Bank s Public-Private Initiative on Artisanal and Small-Scale Mining Sustainable Energy Department Oil, Gas and Mining Unit

More information

Special Master Track Sustainable Development Diplomacy (SDD) in

Special Master Track Sustainable Development Diplomacy (SDD) in SDD Track 2015-2017 Special Master Track Sustainable Development Diplomacy (SDD) in MCL: MSc Climate Studies (within thesis track ) MES: MSc Sciences (within thesis track ) MFN: MSc Forest and Nature Conservation

More information

MSc in Financial Services 2015

MSc in Financial Services 2015 MSc in Financial Services 2015 Masters Degree for holders of the: Graduate Diploma in Financial Planning Graduate Diploma in Financial Services The College of Professional Finance Who we are THE INSTITUTE

More information

What is the Public-Private Partnership Laboratory and Diagnostic Directory?

What is the Public-Private Partnership Laboratory and Diagnostic Directory? What is the Public-Private Partnership Laboratory and Diagnostic Directory? The Public-Private Partnership Laboratory and Diagnostic Directory is a joint publication between the Medical Laboratory Scientists

More information

ECTRI POSITION PAPER. December 2012

ECTRI POSITION PAPER. December 2012 ECTRI POSITION PAPER Research Needs in the field of Transport Funding, Procurement and Public Private Partnerships (PPP) The European Conference of Transport Research Institutes (ECTRI) is an international

More information

Blending Corporate Governance with. Information Security

Blending Corporate Governance with. Information Security Blending Corporate Governance with Information Security WHAT IS CORPORATE GOVERNANCE? Governance has proved an issue since people began to organise themselves for a common purpose. How to ensure the power

More information

The development of Shinawatra University s international graduate program in joint public and business administration (PBA)

The development of Shinawatra University s international graduate program in joint public and business administration (PBA) The development of Shinawatra University s international graduate program in joint public and business administration (PBA) Introduction: Given the fact that management challenges in terms of political-economic-societaltechnological

More information

Course Brochure. New York. Doha

Course Brochure. New York. Doha Course Brochure LONDON New York Dubai Hong Kong Singapore Johannesburg Doha Aberdeen abuja kuala lumpur Table of contents Background page 3 Oil & Gas Faculty pages 5-8 Mining Faculty pages 9-11 Public

More information

Commodity Price Risk Management (CPRM) - Trends and Challenges for Corporates

Commodity Price Risk Management (CPRM) - Trends and Challenges for Corporates Advisory Commodity Price Risk Management (CPRM) - Trends and Challenges for Corporates May 2014 Agenda Industry Challenges CPRM A Business Case CPRM Maturity Model CPRM Trends What Should Companies Do?

More information

Developing a Public-Private Partnership Framework: Policies and PPP Units

Developing a Public-Private Partnership Framework: Policies and PPP Units Note 4 May 2012 Developing a Public-Private Partnership Framework: Policies and PPP Units This note is the fourth in a series of notes on developing a comprehensive policy, legal, and institution framework

More information

Dr Werner Hoyer President of the European Investment Bank. Opening Remarks. (~15 min) Circular Economy Conference. 10 December 2015, Luxembourg

Dr Werner Hoyer President of the European Investment Bank. Opening Remarks. (~15 min) Circular Economy Conference. 10 December 2015, Luxembourg Dr Werner Hoyer President of the European Investment Bank Opening Remarks (~15 min) Circular Economy Conference 10 December 2015, Luxembourg European Investment Bank 1 Prime Minister, Commissioner [Karmenu]

More information

Project Checklist for Public-Private Partnerships 1

Project Checklist for Public-Private Partnerships 1 Project Checklist for Public-Private Partnerships 1 August 8, 2015 THE WORLD BANK GROUP AND THE OECD 1 Prepared by the Staff of the World Bank Group, with inputs from the OECD, for the G20 Investment and

More information

Tax Credit Advisory Services tax. In-depth knowledge. Real-world experience.

Tax Credit Advisory Services tax. In-depth knowledge. Real-world experience. Tax Credit Advisory Services tax In-depth knowledge. Real-world experience. Tax credits promote investment and stimulate economic growth. As a recognized leader in the tax credits arena, Reznick Group

More information

THE DAY OFF DIVIDEND

THE DAY OFF DIVIDEND THE DAY OFF DIVIDEND A comprehensive, research-driven initiative to change mindsets, shift American culture and motivate American workers to use more of their earned time off. AMERICAN WORKERS ARE OVERWHELMED.

More information

Excellence in Engineering Since 1946

Excellence in Engineering Since 1946 Excellence in Engineering Since 1946 1 Strand Associates, Inc. Cost and Financing of Phosphorus Removal Systems in Wisconsin Wisconsin Government Affairs Seminar February 27, 2014 Presented by: Jane M.

More information

Supply Chains in Agriculture: Joint Action of GIZ and the Private Sector

Supply Chains in Agriculture: Joint Action of GIZ and the Private Sector Supply Chains in Agriculture: Joint Action of GIZ and the Private Sector Sophie Grunze GIZ-Division 45 Rural Development and Agriculture Presentation at IAMO Forum, Halle, 20th June 2013 01.07.2013 Seite

More information

PUBLIC-PRIVATE PARTNERSHIP (PPP)

PUBLIC-PRIVATE PARTNERSHIP (PPP) PUBLIC-PRIVATE PARTNERSHIP (PPP) Virginia Tan, Allen & Overy Type: Published: Last Updated: Keywords: Legal guide June 2012 June 2012 PPP, infrastructure assets, public and private sectors This document

More information

The Cybersecurity Journey How to Begin an Integrated Cybersecurity Program. Version 1.0 March 2005

The Cybersecurity Journey How to Begin an Integrated Cybersecurity Program. Version 1.0 March 2005 The Cybersecurity Journey How to Begin an Integrated Cybersecurity Program March 2005 Legal and Copyright Notice The Chemical Industry Data Exchange (CIDX) is a nonprofit corporation, incorporated in the

More information

Risk Management. Risk Identification

Risk Management. Risk Identification Management This part provides guidance on the treatment of risks on a PPP project, and; Identifies the major risks common to many PPP projects across all sectors; Allocates the identified risks between

More information

For a Green Economy Tomorrow, Private Sector Development Today will Tip the Scales!

For a Green Economy Tomorrow, Private Sector Development Today will Tip the Scales! DCED Green Growth Working Group For a Green Economy Tomorrow, Private Sector Development Today will Tip the Scales! The Rio+20 summit in June 2012 will further substantiate the concept of sustainable development

More information

Healthcare Reform: Opportunity for Public-Private-Partnership

Healthcare Reform: Opportunity for Public-Private-Partnership Healthcare Reform: Opportunity for Public-Private-Partnership Sam Yeung Munich Re Session Number: MBR7 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ HEALTHCARE REFORM:

More information

The Philippines Public Private Partnership Experience

The Philippines Public Private Partnership Experience 2015/FMP/PPP4/008 Session: 3 The Philippines Public Private Partnership Experience Submitted by: Philippines 4 th Public Private Partnership Experts Advisory Panel Meeting Tagaytay, Philippines 4 March

More information

Testimony of Charissa Raynor Executive Director, SEIU Healthcare NW Training Partnership

Testimony of Charissa Raynor Executive Director, SEIU Healthcare NW Training Partnership Testimony of Charissa Raynor Executive Director, SEIU Healthcare NW Training Partnership On behalf of the Service Employees International Union (SEIU) Before the Higher Education, Lifelong Learning, and

More information

I N C O N F I D E N C E

I N C O N F I D E N C E I N C O N F I D E N C E Cabinet Office CO (10) 2 Circular 1 August 2010 Intended for All Ministers All Chief Executives Speaker of the House General Manager, Parliamentary Service Controller and Auditor-General

More information

Thierry Déau is Founder and Chief Executive Officer of Meridiam Infrastructure. This article is based on a keynote speech delivered by the author at

Thierry Déau is Founder and Chief Executive Officer of Meridiam Infrastructure. This article is based on a keynote speech delivered by the author at * * Thierry Déau is Founder and Chief Executive Officer of Meridiam Infrastructure. This article is based on a keynote speech delivered by the author at the OECD High-Level Financial Roundtable on Fostering

More information

economies to develop and share their own plans to reduce average transaction costs of remittances to five percent.

economies to develop and share their own plans to reduce average transaction costs of remittances to five percent. 2015 APEC Finance Ministers Statement 1. We, the Finance Ministers of the Asia-Pacific Economic Cooperation convened our 22 nd meeting in Mactan, Cebu, Philippines on 10-11 September 2015 under the Chairmanship

More information

D. Capital. The Africa Talent Fund. An Introduction. May 2012. D. Capital CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT

D. Capital. The Africa Talent Fund. An Introduction. May 2012. D. Capital CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT The Africa Talent Fund An Introduction May 2012 Partners is an experienced impact investment manager that applies financial acumen to

More information

Investing on hope? Small Cap and Growth Investing!

Investing on hope? Small Cap and Growth Investing! Investing on hope? Small Cap and Growth Investing! Aswath Damodaran Aswath Damodaran! 1! Who is a growth investor?! The Conventional definition: An investor who buys high price earnings ratio stocks or

More information

15 years. The role of Asset Management Firms. and Financial Advisors in steering investment towards Health Tourism Projects & Enterprises

15 years. The role of Asset Management Firms. and Financial Advisors in steering investment towards Health Tourism Projects & Enterprises The role of Asset Management Firms and Financial Advisors in steering investment towards Health Tourism Projects & Enterprises Presentation to the International Health Tourism Convention Theologis Gaitanidis

More information

Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships

Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships EMAIL contact@fosterinfrastructure.com WEB www.fosterinfrastructure.com Comparative Study of Frameworks to protect the Long Term Interests of Pension Funds Investing in Public-Private Partnerships Pty

More information

Analytics: The Key to the Future. Analytics: The Key to the Future. Sponsored Material

Analytics: The Key to the Future. Analytics: The Key to the Future. Sponsored Material Analytics: The Key to the Future Sponsored Material Hospitals and healthcare organizations of all sizes and structures are quickly elevating analytics to the enterprise level. But according to a recent

More information

Skyline Advisors Wrap Fee Program. Skyline Advisors, Inc. 405 32nd Street, Suite 201 Bellingham, WA 98225

Skyline Advisors Wrap Fee Program. Skyline Advisors, Inc. 405 32nd Street, Suite 201 Bellingham, WA 98225 Item 1: Cover Page for Part 2A Appendix 1 of Form ADV: Wrap Fee Program Brochure May 2015 Skyline Advisors Wrap Fee Program Sponsored By: Skyline Advisors, Inc. 405 32nd Street, Suite 201 Bellingham, WA

More information

Risk Control and Equity Upside: The Merits of Convertible Bonds for an Insurance Portfolio

Risk Control and Equity Upside: The Merits of Convertible Bonds for an Insurance Portfolio Risk Control and Equity Upside: The Merits of Convertible Bonds for an Insurance Portfolio In a survey of insurance company Chief Investment Officers conducted by Eager, Davis & Holmes 1 in May 2009, 43%

More information

OUTLOOK 2012: The Top 10 Investment Priorities for Nonprofit Organizations

OUTLOOK 2012: The Top 10 Investment Priorities for Nonprofit Organizations OUTLOOK 2012: The Top 10 Investment Priorities for Nonprofit Organizations OUTLOOK 2012: THE TOP 10 INVESTMENT PRIORITIES FOR NONPROFIT ORGANIZATIONS With the expectation that global capital markets will

More information

The Economics of Public-Private Partnerships

The Economics of Public-Private Partnerships The Economics of Public-Private Partnerships Teresa Ter-Minassian Director, Fiscal Affairs Department International Monetary Fund OECD Working Party of Senior Budget Officials Symposium on Agencies and

More information

FAMILY CHARITABLE ENTITIES

FAMILY CHARITABLE ENTITIES FAMILY CHARITABLE ENTITIES Dorothy K. Foster, Esq. FOSTER LAW GROUP, PLLC 800 Fifth Avenue, Suite 4100 Seattle, Washington 98104 355 Erickson Avenue, Suite 410 Bainbridge Island, Washington 98110 Ph: (206)

More information

Wheelock College. Masters of Science in Organizational Leadership Capstone Program. Capstone Overview:

Wheelock College. Masters of Science in Organizational Leadership Capstone Program. Capstone Overview: Capstone Overview: Wheelock College Masters of Science in Organizational Leadership Capstone Program The Capstone project of the Organizational Leadership Masters is an action learning experience, providing

More information

Surprising Business Value from New Metrics of Sustainability

Surprising Business Value from New Metrics of Sustainability Surprising Business Value from New Metrics of Sustainability Co-Produced by R Edited by Expense Reduction Opportunities INCOME STATEMENT Revenue Growth Potential FOSSIL FUEL INTENSITY & CO 2 CARBON EMISSIONS

More information

HOW HEDGE FUNDS ARE STRUCTURED

HOW HEDGE FUNDS ARE STRUCTURED HOW HEDGE FUNDS ARE STRUCTURED Contents Executive Summary A hedge fund is an investment vehicle that can employ a wide range of investment and trading activities to maximize performance returns while minimizing

More information

Governance as Stewardship: Decentralization and Sustainable Human Development

Governance as Stewardship: Decentralization and Sustainable Human Development Governance as Stewardship: Decentralization and Sustainable Human Development by Jerry VanSant Research Triangle Institute USA EXECUTIVE SUMMARY Introduction The United Nations Development Programme (UNDP)

More information

The ongoing quest for visibility

The ongoing quest for visibility Off-Balance-Sheet Arrangements* October 2009 The ongoing quest for visibility Highlights: Both financial and nonfinancial companies will be affected by new off-balance-sheet rules. The impact goes beyond

More information

Pragmatic but exciting view of the Smart world

Pragmatic but exciting view of the Smart world Pragmatic but exciting view of the Smart world major players have their say Executive summary Introduction The new market changes the rules NThere will to be a boom. Development will be gradual Is optimization

More information

Net debt as a fiscal anchor - balance sheet management

Net debt as a fiscal anchor - balance sheet management Treasury Report: Net debt as a fiscal anchor - balance sheet management Date: 17 April 2009 Report No: T2009/927 Action Sought Minister of Finance (Hon Bill English) Action Sought Discuss at FSR meeting,

More information

Cost of capital in the financial turmoil: how should utilities deal with it?

Cost of capital in the financial turmoil: how should utilities deal with it? Cost of capital in the financial turmoil: how should utilities deal with it? Virat Patel Partner Marco Venneri Manager As a direct result of the current credit crisis, the Weighted Average Cost of Capital

More information

Jersey. Establishing an Investment Management Business in Jersey. www.walkersglobal.com 2546557.6.

Jersey. Establishing an Investment Management Business in Jersey. www.walkersglobal.com 2546557.6. Jersey Establishing an Investment Management Business in Jersey www.walkersglobal.com 2546557.6. Jersey Page 1 Introduction Jersey is a world renowned centre for fund establishment, administration and

More information

Obviam s approach to responsible investment. Concept Document

Obviam s approach to responsible investment. Concept Document Obviam s approach to responsible investment Concept Document 1 TABLE OF CONTENTS 1. Introduction... 3 2. Rationale... 3 3. Objectives... 4 4. Scope... 4 5. International Reference Standards and Guidelines...

More information

a Responsible and Credible Plan for Deficit Reduction; and an Improved Tax System

a Responsible and Credible Plan for Deficit Reduction; and an Improved Tax System Administration's Fiscal Year 2012 Budget Provides Incentives for Innovation, Infrastructure, and Education; Middle-Class Tax Relief; a Responsible and Credible Plan for Deficit Reduction; and an Improved

More information

Key learning points I

Key learning points I Key learning points I What do banks do? Banks provide three core banking services Deposit collection Payment arrangement Underwrite loans Banks may also offer financial services such as cash, asset, and

More information

PPP Practioner s Notes

PPP Practioner s Notes PPP Practioner s Notes Capacity Challenges in PPP Program and Contract Management Mariana Abrantes de Sousa PPP DAYS 2012 UNECE Geneva Key issues in PPP program and contract management Functions of the

More information

Master s of ENVIRONMENTAL SUSTAINABILITY

Master s of ENVIRONMENTAL SUSTAINABILITY Master s of ENVIRONMENTAL SUSTAINABILITY DIRECTOR S MESSAGE Moving towards a truly sustainable future requires leaders who have an understanding of the current barriers, and how they might be overcome.

More information

Outsourcing to Improve the Tax Function

Outsourcing to Improve the Tax Function Outsourcing to Improve the Tax Function Michael Murphy Partner Los Angeles, CA michael.murphy@shawpittman.com WRG Reengineering Tax Summit May 19, 2004 Overview The Tax Function has evolved; many internal

More information

One year with the new macroprudential policy

One year with the new macroprudential policy S P E E C H Date: 19/02/2015 Speaker: Martin Andersson Meeting: Centre for Business and Policy Studies/Finance panel Finansinspektionen Box 7821 SE-103 97 Stockholm [Brunnsgatan 3] Tel +46 8 787 80 00

More information

EVALUATION OF BANK/CDFI PARTNERSHIP OPPORTUNITIES

EVALUATION OF BANK/CDFI PARTNERSHIP OPPORTUNITIES IV. EVALUATION OF BANK/CDFI PARTNERSHIP OPPORTUNITIES Banks should carefully review prospective relationships with CDFIs. In particular, they should evaluate the CDFI s service area relative to the bank

More information

Financing public transport PRESS KIT

Financing public transport PRESS KIT Financing public transport PRESS KIT The challenge of financing public transport Public transport operation and capital investment costs have grown significantly in the last decade due to increased demand,

More information

Decoding the Financial World

Decoding the Financial World Decoding the Financial World The collapse of Lehman Brothers heralded the beginning of 2008 financial crisis that affected every one of us directly or indirectly. Yet, mystery of the financial world remains

More information

Public-Private Partnerships

Public-Private Partnerships Public-Private Partnerships Closing Critical Issues Washington, Background In limited recourse finance, the primary source of debt service is the cash flow generated by the Project will evaluate all factors

More information

AN INTRODUCTION TO THE FIRM

AN INTRODUCTION TO THE FIRM AN INTRODUCTION TO THE FIRM Brownlie & Braden, LLC is a financial advisory firm with offices in Dallas, Fort Worth and Austin, Texas. In business together since the 1980 s, Smith Brownlie and Jim Braden

More information

Oil Spill Emergency Response. Oil Spill Emergency

Oil Spill Emergency Response. Oil Spill Emergency Oil Spill Emergency Response 1 Oil Spill Emergency Response We work to prevent incidents that may result in spills of hazardous substances. This means making sure our facilities are well designed, safely

More information

Rural Opportunity Investment Initiative

Rural Opportunity Investment Initiative Rural Opportunity Investment Initiative Matt McKenna Advisor to the Secretary U.S. Department of Agriculture January 28, 2014 AGENDA Build America USDA Rural Development Rural Opportunity Investment Initiative

More information

Gebze Izmir Motorway & Izmit Bay Crossing Project

Gebze Izmir Motorway & Izmit Bay Crossing Project Gebze Izmir Motorway & Izmit Bay Crossing Project F.Mehmet Coşan CFO Haluk BÜYÜKBAŞ Secretary General, TCA Gebze Orhangazi Izmir Project is the landmark transaction for the infrastructure sector in Turkey

More information

SNV s value chain development approach

SNV s value chain development approach SNV s value chain development approach Introduction In order to identify the best entry points for capacity development, SNV has under the BOAM 1 program adopted the value chain approach. A value chain

More information

2009 Ghana PPP Conference

2009 Ghana PPP Conference 2009 Ghana PPP Conference Public-Private Partnership for Social Services and Infrastructure 10 September 2009 An Authorised Financial Services Provider Agenda: Introduction to Rand Merchant Bank Debt &

More information

Chapter 14. Understanding Financial Contracts. Learning Objectives. Introduction

Chapter 14. Understanding Financial Contracts. Learning Objectives. Introduction Chapter 14 Understanding Financial Contracts Learning Objectives Differentiate among the different mechanisms of external financing of firms Explain why mechanisms of external financing depend upon firm

More information

Educating for Hope in Troubled Times: Climate Change and the Transition to a Post-Carbon Future

Educating for Hope in Troubled Times: Climate Change and the Transition to a Post-Carbon Future Educating for Hope in Troubled Times: Climate Change and the Transition to a Post-Carbon Future Author David HICKS Formerly Professor in the School of Education, Bath Spa University, UK 281 Reviewer Danuta

More information

Paul Gordon Partner Hanson Bridgett

Paul Gordon Partner Hanson Bridgett TOPICS Summer 2014 NON PROFIT < > FOR PROFIT COLLABORATION As highlighted in prior issues of TOPICS, the share of new senior living properties being developed by for profit sponsors has increased substantially.

More information

Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings File No.

Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings File No. Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings File No.: S7-07-12 Comments to Securities and Exchange Commission Regarding General

More information

Session 3B. Public Private Partnerships in the Culture Sector

Session 3B. Public Private Partnerships in the Culture Sector Session 3B Public Private Partnerships in the Culture Sector The cultural sector offers a great and unexplored potential for partnerships. Partnerships in the area of culture can bridge the funding gap

More information

Nonprofit management. An integrated approach to helping you fulfill your mission

Nonprofit management. An integrated approach to helping you fulfill your mission Nonprofit management An integrated approach to helping you fulfill your mission Institutional Investments & Philanthropic Solutions (II&PS) is part of U.S. Trust, Bank of America Corporation (U.S. Trust).

More information

Public-Private Partnerships and Disaster Resilience

Public-Private Partnerships and Disaster Resilience CSR Asia 2010 Public-Private Partnerships and Disaster Resilience Draft version of principles for APEC economies Leena Wokeck lwokeck@csr-asia.com 2 Background Draft discussion paper on PPPs and Disaster

More information

Premium Assistance Workgroup Discussion

Premium Assistance Workgroup Discussion Premium Assistance Workgroup Discussion August 17, 2007 Andy Allison, PhD Medicaid Director and Deputy Director, Kansas Health Policy Authority 1 Overview Brief program review Resolve key design issues

More information

Eurostat Guidance Note

Eurostat Guidance Note EUROPEAN COMMISSION EUROSTAT Directorate D: Government Finance Statistics (GFS) and quality 7 August 2015 Eurostat Guidance Note THE IMPACT OF ENERGY PERFORMANCE CONTRACTS ON GOVERNMENT ACCOUNTS Executive

More information

Service Delivery Review

Service Delivery Review Building Strong Communities A Guide to Service Delivery Review for Municipal Managers August 2004 The Ministry of Municipal Affairs and Housing and its partners on this project offer A Guide to Service

More information

BLOEMFONTEIN, SOUTH AFRICA. Case Study (Healthcare) Project Summary:

BLOEMFONTEIN, SOUTH AFRICA. Case Study (Healthcare) Project Summary: BLOEMFONTEIN, SOUTH AFRICA Case Study (Healthcare) Project Summary: The Republic of South Africa has a population of 48 million people, living in nine provinces. Since the abolition of apartheid in the

More information

FORM RR UNIVERSITY OF MASSACHUSETTS AMHERST OFFICE OF THE SECRETARY THE FACULTY SENATE PROGRAM REVISION APPROVAL FORM 35 COPIES REQUIRED

FORM RR UNIVERSITY OF MASSACHUSETTS AMHERST OFFICE OF THE SECRETARY THE FACULTY SENATE PROGRAM REVISION APPROVAL FORM 35 COPIES REQUIRED FORM RR UNIVERSITY OF MASSACHUSETTS AMHERST OFFICE OF THE SECRETARY THE FACULTY SENATE PROGRAM REVISION APPROVAL FORM 35 COPIES REQUIRED PROGRAM TITLE: Master in Business Administration (MBA) with a Focus

More information

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services Payment Factories: different ways of achieving payment efficiency Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services The term Payment Factory is becoming increasingly talked about

More information

RE: CMS 1461-P; Medicare Shared Savings Program: Accountable Care Organizations

RE: CMS 1461-P; Medicare Shared Savings Program: Accountable Care Organizations 221 MAIN STREET, SUITE 1500 SAN FRANCISCO, CA 94105 PBGH.ORG OFFICE 415.281.8660 FACSIMILE 415.520.0927 February 6, 2015 Marilyn Tavenner Administrator Centers for Medicare and Medicaid Services 7500 Security

More information

Conference Summary Paper

Conference Summary Paper IFC Global Conference Achieving Growth Investing in Private Healthcare in Emerging Markets Washington DC February 16-18, 2005 Introduction Conference Summary Paper In the last few years, since IFC first

More information

WOODRIDGE PUBLIC LIBRARY INVESTMENT POLICY

WOODRIDGE PUBLIC LIBRARY INVESTMENT POLICY WOODRIDGE PUBLIC LIBRARY INVESTMENT POLICY A. Purpose and Scope The purpose of this policy is to outline the responsibilities, general objectives and specific guidelines for management of public funds

More information

EIC Position. About EIC

EIC Position. About EIC EUROPEAN INTERNATIONAL CONTRACTORS Kurfürstenstrasse 129 D-10785 Berlin Germany Tel +49 (30)-2 12 86-244 Fax +49 (30)-2 12 86-285 eicontractors@compuserve.com www.eicontractors.de EIC Position on the Commission

More information

Aligning Resources and Results: How Communities and Policymakers Collaborated to Create a National Program

Aligning Resources and Results: How Communities and Policymakers Collaborated to Create a National Program Aligning Resources and Results: How Communities and Policymakers Collaborated to Create a National Program The recent release of President Obama s fiscal year (FY) 2013 budget proposal provides an important

More information

BOTTOM-LINE APPROACH TO EVENT EVALUATION: THE NEW PARADIGM

BOTTOM-LINE APPROACH TO EVENT EVALUATION: THE NEW PARADIGM A TRIPLE-BOTTOM BOTTOM-LINE APPROACH TO EVENT EVALUATION: THE NEW PARADIGM Presentation by Donald Getz, PhD. June 2008 Professor, School of Tourism, University of Queensland, Australia Professor, Haskayne

More information

Professor of Biomedical Engineering December 2014

Professor of Biomedical Engineering December 2014 Professor of Biomedical Engineering December 2014 Contents 3 About Nazarbayev University - Strategic goals - Vision - Mission - International partners 5 The School of Engineering - Degree Programs - Departments

More information

Agreements, bonds and guarantees

Agreements, bonds and guarantees Agreements, bonds and guarantees SPV Formation The Special Project Vehicle (SPV) may take a variety of forms, including a corporation, limited liability company, general partnership, limited partnership,

More information

Y20 Russia 2013 Delegates Declaration

Y20 Russia 2013 Delegates Declaration Y20 Russia 2013 Delegates Declaration We, the delegates of Y20 Russia 2013, Convened in Saint Petersburg on 18-21 June 2013 in order to address major imbalances in the areas of global finance and sustainable

More information

Progressive Acquisition and the RUP Part III: Contracting Basics

Progressive Acquisition and the RUP Part III: Contracting Basics Copyright Rational Software 2003 http://www.therationaledge.com/content/feb_03/m_progressiveacqrup_mw.jsp Progressive Acquisition and the RUP Part III: Contracting Basics by R. Max Wideman Project Management

More information

OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING. New York, NY May 9, 2016

OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING. New York, NY May 9, 2016 OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING New York, NY May 9, 2016 WELCOME to Oppenheimer s 2016 Annual Stockholders Meeting May 9, 2016 2 SAFE HARBOR STATEMENT This presentation and other

More information

BLUE PAPER. Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement IN BRIEF. January 2016

BLUE PAPER. Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement IN BRIEF. January 2016 BLUE PAPER Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement Roth 401(k) Helps Investors Take Diversification * to the Next Level. IN BRIEF January 2016 Just as a well-diversified portfolio

More information

DEVELOPMENT ENGINEER *********************************************************************************

DEVELOPMENT ENGINEER ********************************************************************************* DEVELOPMENT ENGINEER Principal Development Engineer (0729) Senior Development Engineer (7181) Senior Development Engineer Supervisor (7186) Associate Development Engineer (7182) Associate Development Engineer

More information

MODEL MINE DEVELOPMENT AGREEMENT (MMDA)

MODEL MINE DEVELOPMENT AGREEMENT (MMDA) MODEL MINE DEVELOPMENT AGREEMENT (MMDA) SPONSORSHIP The MMDA was developed by the Mining Law Committee of the International Bar Association. Development of the MMDA was managed by an Administrative Committee,

More information

BRIDGING THE GAP. From Foster Care to College Success in New York

BRIDGING THE GAP. From Foster Care to College Success in New York BRIDGING THE GAP From Foster Care to College Success in New York Feb 2015 Table of Contents Introduction 1 Proposal Blueprint 2 Program Components & Financial Aid 4 Cost-Benefit Analysis of a College Success

More information

Fundamental principles of ecological taxation

Fundamental principles of ecological taxation Fundamental principles of ecological taxation Federica Pitrone, Maastricht University 18th Ius Commune Conference, Maastricht, 28 November 2013 Department 1 Outline 1. Preliminary comments: the greening

More information

Problem Set #7 Due in hard copy at beginning of lecture on Monday, May 13, 2013

Problem Set #7 Due in hard copy at beginning of lecture on Monday, May 13, 2013 Name: Solutions Department of Economics Professor Dowell California State University, Sacramento Spring 2013 Problem Set #7 Due in hard copy at beginning of lecture on Monday, May 13, 2013 Important: Place

More information

Reviving local public investments. Flexibility is needed in the existing rules of the Stability and Growth Pact. CEMR Position paper December 2015

Reviving local public investments. Flexibility is needed in the existing rules of the Stability and Growth Pact. CEMR Position paper December 2015 Reviving local public investments Flexibility is needed in the existing rules of the Stability and Growth Pact CEMR Position paper December 2015 Council of European Municipalities and Regions Registered

More information

Seeing the Forest for the Trees Making the Most of Synergies to Achieve SDGs in a Constrained Environment By Mahmoud Mohieldin and Paula Caballero

Seeing the Forest for the Trees Making the Most of Synergies to Achieve SDGs in a Constrained Environment By Mahmoud Mohieldin and Paula Caballero Goal 15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss Seeing

More information

Hyflux named Preferred Bidder for Tuas II Desalination Plant, Singapore. 7 March 2011

Hyflux named Preferred Bidder for Tuas II Desalination Plant, Singapore. 7 March 2011 Hyflux named Preferred Bidder for Tuas II Desalination Plant, Singapore 7 March 2011 Key Points Singapore s largest seawater desalination plant Hyflux s largest project by value Second largest ultrafiltration

More information

Meet challenges head on

Meet challenges head on Meet challenges head on Deal Advisory / Global We can help you master Financial Restructuring. Enhancing value through financial restructuring. / 1 Your vision. Our proven capabilities. Despite its challenges,

More information

Earn-out arrangements in a business combination impact of the revised IFRS 3

Earn-out arrangements in a business combination impact of the revised IFRS 3 ey.com/ifrs Negotiation series Earn-out arrangements in a business combination impact of the revised IFRS 3 January 2010 When negotiating a business acquisition, the potential consequences of the accounting

More information