Articles:

Private Ordering in PPP Infrastructure

Articles

Aug 29, 2017 — Neil Boyle

The Institutional Analysis of PPP Infrastructure Private Ordering In PPP Infrastructure 08/29/2017Updated August 2017 Note: It is assumed that the posted document titled “Probing the World of PPP Infrastructure Incentives” has been read prior to reading this article. 1. This is about private ordering in the context of public private partnership in infrastructure (PPP) and ...

READ MORE | Comment

PROJECT FINANCE: Incentives and Governance

Articles

Jan 13, 2014 — Neil Boyle

The traditional financial engineering risk-return approach to PPP infrastructure finance goes far but not far enough.  PPPs are often financed with high or even aggressive debt/equity ratios ranging from 80:20 and occasionally reaching the mid 90s.  TCE/NIE tells us that the principals of infrastructure projects are typically bilaterally dependent due to ...

READ MORE | Comment

Creating the Terms and Conditions for PPP Infrastructure Partnerships

Technical Notes

Nov 8, 2013 — Neil Boyle

PPP infrastructure partnerships are much more than a business model that conforms to certain legal formalities. To be sure, partnerships must be supported by law, but modern corporate law in most developing countries is still in process of development and is not likely to be tested anytime soon or regularly ...

READ MORE | Comment

UPDATED – Putting PPP Government Bureaucratic Problems into an Analytical Framework – PART – IIa

Aug 28, 2010 — Neil Boyle

In Part–IIa, we discuss the game changing government bureaucratic problems that arise in the development and tendering of BOT PPP projects. INFRAGOV associates in Manila, Dr. Ramon Clarete and Mr. Hector Florento brought bureaucracy problems to my attention. Both are working to resolve bureaucracy problems in their country and continue ...

READ MORE | Comment

UPDATED – TCE PRECEPTS FOR ANALYZING INSTITUTIONS

Jul 19, 2010 — Neil Boyle

UPDATED - TCE PRECEPTS FOR ANALYZING INSTITUTIONS 07-19-2010 ver 3C Please click on the above link to see the updated version of what I consider one of my important posts.  It is important because it concentrates in one file the beginning of what I have learned over the past 10 years of studying ...

READ MORE | Comment

Putting PPP Government Bureaucratic Problems into an Analytical Framework — PART – I

Jun 17, 2010 — Neil Boyle

Updated in red on May 15, 2010. This problem was brought to my attention by Hector Florento, Governance Advisor for the Philippine government and Dr. Ramon Clarete, Professor of Economics at the University of the Philippines in Manila, both of whom are Associates of Infragov LLC (you can read their ...

READ MORE | Comment

Project Finance: Incentives and Governance of the Deal

Dec 29, 2009 — Neil Boyle

BACKGROUND  The traditional approach to PPP infrastructure finance comes from a financial engineering risk-return paradigm. PPPs are often financed with high or even aggressive debt/equity ratios ranging from 80:20 and occasionally reaching the mid 90s. As a minimum condition for lending, creditors require that project cash flows be extraordinarily stable and resilient ...

READ MORE | Comment

Common Hazards Encountered in PPP Projects

Dec 24, 2009 — Neil Boyle

Hazards are embedded in all agreements and contracts. Even after negotiating away all so-called risks, contract hazards comprise a bevy of hidden risks.  These hidden risks are more appropriately referred to as hazardous incentives or transaction costs, which enable the human factors of limited cognitive capacity and guileful self-interest. Please download the following ...

READ MORE | Comment