Finance and Public-Private Partnerships
نویسندگان
چکیده
A PPP bundles investment and service provision of infrastructure into a single long-term contract. A group of private investors finances and manages the construction of the project, then maintains and operates the facilities for a long period of usually 20 to 30 years, and at the end of the contract transfers the assets to the government. During the operation of the project, the private partner receives a stream of payments as compensation. These payments cover both the initial investment (the so-called capital expense or capex) and operation and maintenance expenses (the so-called operation expense or opex). Depending on the project and type of infrastructure, these revenues are derived from user fees (as in a toll road), or from payments by the government’s procuring authority (as in the case of gaols).
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