Note: Guidance numbers preceded by an asterisk indicate publications with a higher than average degree of complexity.



Guidance 1

Attracting Investors to African Public-Private Partnerships, A Project Preparation Guide

The World Bank/ICA/PPIAF (2009), ISBN 978-0-8213-7730-7

EPEC comment: Excellent PPP Guide prepared by Partnerships UK for the World Bank. Chapter 4 covers project selection, scope and requirements.



Guidance 2

An Introductory Guide to Public Private Partnerships (PPPs)

Government of Hong Kong SAR, 2nd edition (March 2008)

EPEC comment: Chapter 1 (pages 5-17) explains what circumstances are most suitable for a PPP arrangement and Annex D provides an outline of how to construct a public sector comparator.

http://www.eu.gov.hk/english/psi/psi_guides/psi_guides_ppgpop/psi_guides_ppgpop.html#3



Guidance 3  

Client Guide, Achieving Well Designed Schools Through PFI

Commission for Architecture and Built Environment (CABE) (August 2002)

EPEC comment: Sections 2, 3 and 4 stress the importance of setting sound output specifications and discuss the role of the public sector regarding the early design work for a project.

http://www.cabe.org.uk/publications/achieving-well-designed-schools-through-pfi



Guidance 4

Le Guide Opérationnel des PPP

François Bergère & al.

Le Moniteur, Third Edition (2010) ISBN 978-2-281-12718-8

EPEC comment: Annex 5 (pages 239-249 and page 399) provides a detailed description of the analysis and distribution of risk in a PPP contract (risk identification, risk quantification and probability, generally using a Monte Carlo simulation, risk allocation). Pages 261-264 cover the accounting and statistical treatment of PPPs in French national accounts and Eurostat criteria.



Guidance 5

Partnership Victoria Guidance Material: Risk Allocation Guide

InfrastructureAustralia (December 2008)

EPEC comment: Part 1 (pages 1-38), deals with risk allocation principles.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 6

Public-Private Partnerships - In Pursuit of Risk Sharing and Value for Money

OECD (2008), ISBN 978-92-64-04279-7

EPEC comment: Chapter 3 reviews affordability, risk allocation and Value for Money in PPPs while chapter 4 discusses how PPPs are treated in the public sector budget and accounts.



* Guidance 7

Government Guarantees Allocating and Valuing Risks in privately Financed Infrastructure Projects

Timothy Irwin, The World Bank, Washington DC, ISBN-10: 0-8213-6859-1 (electronic)

EPEC comment: Comprehensive discussion on the use of government guarantees and the allocation of key project risks in public infrastructure projects with private financing.

http://siteresources.worldbank.org/INTSDNETWORK/Resources/Government_Guarantees.pdf



Guidance 8

Project Finance: A Legal Guide

Graham Vinter, Sweet and Maxwell Ltd. Third Edition (2006) ISBN: 0421-909501

EPEC comment: Chapter 6 presents a discussion of what lenders require for a project to be considered “bankable”.



Guidance 9

Public-Private Partnerships in Transport

A. Estache, E. Juan and L. Trujillo, Policy Research Working Paper 4436, The World Bank, Washington DC. (2007)

EPEC comment: Provides a good review of PPP experience in transport with a particular focus on financial and other risks.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1072402 (signing up is required)



Guidance 10

Value for Money Assessment Guidance

HM Treasury (November 2006)

EPEC comment: Describes current UK approach for assessing Value for Money in PFI projects.

http://www.hm-treasury.gov.uk/d/vfm_assessmentguidance061006opt.pdf



* Guidance 11

Public Sector Comparator: Technical Note

Department of Treasury and Finance, Victoria, Australia (Partnerships Victoria, June 2001)

EPEC comment: Detailed instructions for preparing the PSC analysis. See also the Supplementary Technical Note published in July 2003.

http://www.partnerships.vic.gov.au/CA25708500035EB6/0/E4C501A76F826D77CA2570C0001B45EA?OpenDocument



Guidance 12

Frequently Asked Questions and Common Problems in Public Sector Comparator (PSC) Development

Department of Treasury and Finance, Victoria, Australia. (Partnerships Victoria, February 2009)

EPEC comment: Useful 6-page document, especially the one-page list of typical problems. Some parts deal specifically with issues in Victoria but most material is applicable broadly.

http://www.partnerships.vic.gov.au/CA25708500035EB6/WebObj/A6PSC-FAQs/$File/A6%20PSC%20-%20FAQs.pdf



 

Guidance 13

Guidelines for Successful Public Private Partnerships

European Commission, Directorate General Regional Policy (March 2003)

EPEC comment: Part 3 (pages 50-59) provides an overview of the economic and financial implications of PPP risks and Value for Money assessment of PPPs.

http://ec.europa.eu/regional_policy/sources/docgener/guides/ppp_en.pdf



Guidance 14

The European system of national and regional accounts in the Community

Council Regulation (EC) No 2223/96 of 25 June 1996

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:31996R2223:EN:HTML

ESA95 is available from the Eurostat website under:

http://circa.europa.eu/irc/dsis/nfaccount/info/data/esa95/esa95-new.htm



Guidance 15

Manual on government deficit and debt, implementation of ESA95

European Communities (2010 edition)

EPEC comment: Part IV (Leases, licenses and concessions) covers the treatment of long term contracts between government units and non-government partners.

http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-RA-09-017/EN/KS-RA-09-017-EN.PDF



Guidance 16

Accounting and Statistical Treatment of Public-Private: Partnerships Purposes, Methodology, and Recent Trends

European PPP Expertise Centre (2010)

EPEC comment: Thorough review of all aspects and trade-offs related to the statistical and accounting treatment of PPPs including Eurostat rules and national accounting issues in EU Member States.

http://www.eib.org/epec/resources/epec-eurostat-statistical-treatment-of-ppps.pdf



Guidance 17

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December 2008)

EPEC comment: Section 8 sets out the standard management team structure for a PPP, including a steering committee, the project director and the project team.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 18

Toolkit on Hiring and Managing Advisers for Private Participation in Infrastructure

PPIAF-World Bank (2001)

EPEC comment: An extensive document giving guidance on all aspects of engaging and managing PPP project advisers. Pages 51-53 contain a discussion of whether to hire a lead adviser.

http://rru.worldbank.org/Toolkits/HiringManagingAdvisors/



Guidance 19

Le Guide Opérationnel des PPP

François Bergère & al., Le Moniteur, Third Edition (2010) ISBN 978-2-281-12718-8

EPEC comment: Pages 78-86 provide a brief introduction to how and why the Authority should use external advisers to help through the procurement process.



Guidance 20

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF-World Bank, Module 5 (version March 2009)

EPEC comment: Highlights key information about the use of advisers, including typical costs and types of advisory skills needed.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/5/5-8.html



* Guidance 21

How to Appoint and Manage Advisers to PFI Projects

Technical Note No. 3; HM Treasury Taskforce (undated)

EPEC comment: A useful guide to the engagement of legal, technical, financial and project management advisers, the appointment process, checklists and forms.

http://www.hm-treasury.gov.uk/d/PPP_TTF_Technote3.pdf



Guidance 22

National Public Private Partnership Guidelines, Volume 2: Practitioners’ guide

Australian Government – Infrastructure Australia (December 2008)

EPEC comment: A short section on developing a project plan and timetable (pages 6-7).

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 23

Attracting Investors to African Public-Private Partnerships, A Project Preparation Guide

The World Bank/ICA/PPIAF (2009), ISBN 978-0-8213-7730-7

EPEC comment: Excellent PPP guide prepared by Partnerships UK for the World Bank. Chapter 6 covers the role and scope of PPP advisers. Even though the guide contains examples of PPP projects in Africa, most of the guideline material is generic and applicable worldwide.



Guidance 24

Sample Terms of Reference

PPP in Infrastructure Resource Center (PPPIRC)

EPEC comment: Provides guidance (and samples) on the terms of reference for transaction advisers.

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTLAWJUSTICE/EXTINFRANDLAW/0,,contentMDK:21759232~menuPK:5672950~pagePK:4710368~piPK:64860384~theSitePK:4817374,00.html



Guidance 25

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF-World Bank (version March 2009)

EPEC comment: Module 5, section 3, describes the detailed due diligence and feasibility studies that are required to fully understand the project features which will feed into the tender documents and the PPP contract.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/5/5-3.html



Guidance 26

Mobilising Private and Public Investment for Recovery and Long Term Structural Change: Developing Public Private Partnerships

Commission Communication: COM(2009) 615 (19 November 2009)

EPEC comment: Communication explaining the European Commission’s objective of promoting private sector participation in the field of infrastructure and research via PPPs.

http://www.eib.org/epec/resources/commission-communication-on-ppp-en.pdf



Guidance 27

Guide to Cost Benefit Analysis of Investment Projects

European Commission, Directorate General Regional Policy (July 2008)

EPEC comment: Annex I (page 242) explains the basic formulae for EU grant determination.

http://ec.europa.eu/regional_policy/sources/docgener/guides/cost/guide2008_en.pdf



Guidance 28

Guidelines for Successful Public Private Partnerships

European Commission, Directorate General Regional Policy (March 2003)

EPEC comment: Part 4 (pages 63-72) discusses the integration of grant financing with PPPs.

http://ec.europa.eu/regional_policy/sources/docgener/guides/ppp_en.pdf



Guidance 29

Hybrid PPPs: Leveraging EU Funds and Private Capital

PricewaterhouseCoopers (January 2006)

EPEC comment: The most thorough discussion of the basic issues publicly available at present.

http://www.irfnet.ch/files-upload/knowledges/PWC_HybridPPPs_2006.pdf



Guidance 30

Combining PPP with EU Grants

Hugh Goldsmith, International Seminar “Strengthening Public Investment and Managing Fiscal Risks from PPPs”, Budapest, 8 March 2007

EPEC comment: Overview of the key issues and models being considered by the EIB.

http://www.imf.org/external/np/seminars/eng/2007/ppp/pdf/hg.pdf



Guidance 31

Combining EU Grant Funding with Public Private Partnership

Joachim Schneider, Presentation, 9 October 2008

EPEC comment: Listing of key issues and models and outline of the topics of a forthcoming study commissioned by JASPERS.

http://ec.europa.eu/regional_policy/conferences/od2008/doc/presentation/09C50_SCHNEIDER.ppt



Guidance 32

Combining EU Grant Funding with PPP for Infrastructure: Guidelines for the use of DBO to procure Infrastructure projects using EU Structural Funds

JASPERS, (December 2010)

EPEC comment: This working paper addresses the procurement of Design-Build-Operate contracts and the use of EU Structural Funds.

http://www.jaspers-europa-info.org/attachments/129_JASPERS%20DBO-Grant%20Funding%20Working%20Paper%20Dec%202010.pdf



Guidance 33

Combining EU Grant Funding with PPP for Infrastructure: Conceptual Models and Case Examples

JASPERS, (December 2010)

EPEC comment: This working paper provides an overview and analysis of different possible models for PPP-grant blending, as well as a review of past projects following these models.

http://www.jaspers-europa-info.org/attachments/129_JASPERS%20PPP-Grant%20Blending%20-%20Models%20and%20Cases%20-%20Working%20Paper%20Dec%202010.pdf



Guidance 34

Guidelines for Successful Public Private Partnerships

European Commission, Directorate General Regional Policy (March 2003)

EPEC comment: Section 2, part 3 (pages 50-55) contains a brief description of the main sources of risk in a PPP project and its financial implications. Section 5 (pages 82-89) provides a brief overview of PPP project design issues from the EC perspective.

http://ec.europa.eu/regional_policy/sources/docgener/guides/ppp_en.pdf



Guidance 35

Guide for the Implementation of Public-Private Partnerships in Greece

Special Secretariat for Public-Private Partnerships, Ministry of Economy and Finance (Athens, 2006)

EPEC comment: Pages 6-8 provide a summary of the minimum content of a PPP contract. http://www.sdit.mnec.gr/export/sites/sdit/en/infopoint/implementation/ppp_guide_en_final.pdf



Guidance 36

An Introductory Guide to Public Private Partnerships (PPPs)

Government of Hong Kong SAR, 2nd edition (March 2008)

EPEC comment: Annex F contains a 5-page outline of heads of terms for a generic PPP contract.

http://www.eu.gov.hk/english/psi/psi_guides/psi_guides_ppgpop/psi_guides_ppgpop.html#3



Guidance 37

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December, 2008)

EPEC comment: Annex B (pages 50-58 and 77-91) discusses risk allocation and gives an example of a generic PPP risk table.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 38

Toll Road Traffic and Revenue Forecasts

Robert Bain, Robert Bain Publisher (2009), ISBN-10: 0956152716

EPEC comment: Chapter 3 surveys empirical evidence on traffic risk and lists common sources of forecasting errors. It is written for a non-specialist audience.



Guidance 39

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF-World Bank (Version March 2009)

EPEC comment: Module 2 contains information on payment mechanisms and implications for risk allocation.

http://www.ppiaf.org/ppiaf/sites/ppiaf.org/files/documents/toolkits/highwaystoolkit/6/toolkit_files/index.html



Guidance 40

Traffic Risk Mitigation in Highway Concession Projects: the Experience of Chile

J.M Vassallo, Journal of Transport Economics and Policy, Vol. 40 (3) (2006), pages 359-381.

EPEC comment: Describes pioneering Chilean experience with highway concessions.



* Guidance 41

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, (2007). Elsevier Publisher, ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 13 presents a detailed discussion of payment structures in PPP contracts.



Guidance 42

Interpretative Communication of the European Commission on Concessions under Community Law

European Commission (2000/C 121/02)

EPEC comment: A concise description of EU policy on the procurement of concessions.

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2000:121:0002:0013:EN:PDF



Guidance 43

The Use of Restricted Procedure to Procure PPP/PFIs in Selected European Countries

Ernst & Young (August 2009)

EPEC comment: Gives capsule summaries of the common methods used in different countries. Concludes that, with the exception of Greece, the restricted procedure is not actively used for the procurement of PPPs in Europe.

http://www.ey.com/Publication/vwLUAssets/Infrastructure_Advisory_08_2009_-_Use_of_Restricted_Procedure_to_procure_PPP_PFIs_in_selected_European_countries/$FILE/EY_IA_08_2009_-_Restricted_Procedure.pdf



Guidance 44

European Commission: Directorate General for Internal Markets and Services - Public procurement website

EPEC comment: A primary source for all EU procurement legislation and related explanatory notes, public consultations, communications and guidance.

http://ec.europa.eu/internal_market/publicprocurement/index_en.htm



Guidance 45

Communication on Public-Private Partnerships and Community Law on Public Procurement and Concessions

European Commission Communication COM(2005) 569 final (November 2005)

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2005:0569:FIN:EN:PDF



Guidance 46

Interpretative Communication of the European on the application of Community law on Public Procurement and Concessions to Institutionalised Public-Private Partnerships

http://ec.europa.eu/internal_market/publicprocurement/docs/ppp/comm_2007_6661_en.pdf



Guidance 47

Competitive Dialogue Procedure in the UK PFI Sector

David Lee & al., Allen & Overy (Feb. 2007)

EPEC comment: Sets out the key procedural steps and issues involved in PFI competitive dialogue procedure in the UK.

http://www.allenovery.com/AOWEB/AreasOfExpertise/Editorial.aspx?contentTypeID=1&itemID=33566&prefLangID=410



* Guidance 48

Competitive Dialogue in 2008: OGC/HMT Joint Guidance on Using the Procedure

UK Office of Government Commerce (2008)

EPEC comment: Detailed guidance on how to use the competitive dialogue procedure. http://www.ogc.gov.uk/documents/OGC_HMT_2008_Guidance_on_Competitive_Dialogue.pdf



Guidance 49

A Formula for Success: Procurement Effectiveness in Major Project Delivery

UK Office of Government Commerce (March 2009)

EPEC comment: A concise 12-page booklet outlining a few basic principles for the effective procurement of complex projects.

http://www.ogc.gov.uk/documents/A_Formula_for_Success.pdf



Guidance 50

Les Contrats de Partenariat. Principes et Méthodes

Ministère de l'Économie, de l'Industrie et de l'Emploi (May 2005)

EPEC comment: Chapter 3 discusses the selection of the procurement option in the context of current French legislation.

http://www.ppp.bercy.gouv.fr/guide_contrat_partenariat.pdf



Guidance 51

Le Guide Opérationnel des PPP

François Bergère & al., Le Moniteur, Third Edition (2010) ISBN 978-2-281-12718-8

EPEC comment: Pages 169-185 cover procurement methods available for PPP procurement with a helpful box on how to properly conduct competitive dialogue (page 182).



* Guidance 52

European PPP Report 2009

DLA Piper (with the contribution of EPEC)

EPEC comment: Some country descriptions in Section 2 of the report briefly mention the procurement methods followed.

Available upon request at www.dlapiper.com



Guidance 53

Explanatory note - Competitive Dialogue - Classic Directive

European Commission.

http://ec.europa.eu/internal_market/publicprocurement/docs/explan-notes/classic-dir-dialogue_en.pdf



Guidance 54

Public-Private Partnerships (PPP) - A Decision Maker’s Guide

Michael Burnett, Institut Européen d’Administration Publique (2007) ISBN 978-92-9203-001-8

EPEC comment: Chapter 4 The Legal Framework contains an interesting discussion on the use of competitive dialogue.



Guidance 55

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December 2008)

EPEC comment: Part Two (Detailed Technical and Process Issues) discusses bid evaluation criteria from commercial, technical and quality of delivery points of view.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 56

A New Approach to Private Roads

Eduardo Engel, Ronald Fischer and Alexander Galetovic, Regulation (Fall 2002), pages 18-22

EPEC comment: Describes the “Least-Present-Value-of-Revenue” criterion used to award concessions pioneered in Chile’s toll road PPP programme.

http://www.cato.org/pubs/regulation/regv25n3/v25n3-6.pdf



Guidance 57

Public Private Partnerships in Central and Eastern Europe: Structuring Concession Agreements

Christopher Clement-Davies, Law in Transition 2007 (EBRD, London)

EPEC comment: Discusses the structuring of concessions agreements focusing on the principal issues that may determine success or failure.

http://www.ebrd.com/downloads/research/law/lit071.pdf



* Guidance 58

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF–World Bank (version March 2009)

EPEC comment: Module 4 (section 3) contains a detailed description of the most relevant contract clauses and other agreements, bonds, guarantees, specific and “boiler plate” provisions.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/4/4-3.html



Guidance 59

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 13 is devoted to a description and discussion of the payment mechanism.



Guidance 60

Briefing Note 1: Payment Mechanisms in Operational PPP Projects

Financial Partnerships Unit, Finance Directorate, Scottish Government (Nov. 2007)

EPEC comment: Discussion of key issues in designing a payment mechanism.

http://www.scotland.gov.uk/Resource/Doc/923/0054674.doc



Guidance 61

Standardisation of PFI Contracts

HM Treasury (UK), Version 4 (March 2007)

EPEC comment: Chapter 7 presents a thorough overview of the major principles and issues and gives some drafting suggestions.

http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm



Guidance 62

Toolkit for Public-Private Partnerships in Roads and Highways

World Bank and PPIAF (Version March 2009)

EPEC comment: Module 5 (pages 91-97) contains a section summarising the main steps involved in obtaining expressions of interest and in carrying out prequalification and shortlisting.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/5/5-8.html



Guidance 63

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia

EPEC comment: Pages 11-16 and 59-61 summarise the main steps involved in obtaining expressions of interest and in carrying out prequalification and shortlisting.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 64

Working with Government: Guidelines for Privately Financed Projects

New South Wales Government (December 2006)

EPEC comment: Pages 27-30 summarise the main steps involved in obtaining expressions of interest and in carrying out prequalification and shortlisting.

http://www.treasury.nsw.gov.au/wwg/working_with_government_wwg_guidelines_for_privately_financed_projects



Guidance 65

Practitioners Guide

Partnerships Victoria (June 2001)

EPEC comment: Pages 29-33 summarise the main steps involved in obtaining expressions of interest and in carrying out prequalification and shortlisting.

http://www.partnerships.vic.gov.au/CA25708500035EB6/0/6223D96175BAEF08CA2570C0001966C3?OpenDocument



Guidance 66

Toolkit for Public-Private Partnerships in Roads and Highways

World Bank and PPIAF (Version March 2009)

EPEC comment: Module 5 (pages 98-102) provides a brief summary of the bidding process and the contents of bidding documents.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/5/5-8.html



Guidance 67

Working with Government: Guidelines for Privately Financed Projects

New South Wales Government (December 2006)

EPEC comment: Very brief summary in pages 30-32 of process and contents of Expressions of Interest.

http://www.treasury.nsw.gov.au/wwg/working_with_government_wwg_guidelines_for_privately_financed_projects



Guidance 68

Scottish Capital Investment Manual, PPP Guide

Scottish Government (April 2009)

EPEC comment: Section 2 (From OJEU to Contract Award, pages 41-48) outlines the contents of the Invitation to Participate in Dialogue.

http://www.scim.scot.nhs.uk/PDFs/Manuals/PPP/Part1/PPP_Guide1_Full.pdf



* Guidance 69

Guidelines for PPP: Request for Proposal

Planning Commission, Government of India (2nd edition, July 2009)

EPEC comment: Useful as a guide to the contents of the invitation to tender; it includes a relatively complete model of “request for proposal”. Publication details accessible at:

http://www.dkagencies.com/doc/from/1063/to/1123/bkId/DK735233217146168469173925371/details.html 



Guidance 70

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December 2008)

EPEC comment: A discussion about the interaction with bidders is found at pages 23-24.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 71

Public Private Partnership Handbook

Asian Development Bank (2008)

EPEC comment: A short outline of the type of documentation to be placed in the data room is found on page 71.

http://www.adb.org/Documents/Handbooks/Public-Private-Partnership/default.asp



Guidance 72

Competitive Dialogue in 2008: OGC/HMT Joint Guidance on Using the Procedure

UK Office of Government Commerce (2008)

EPEC comment: A discussion of the dialogue process from the UK perspective is contained in pages 22-29.

http://www.ogc.gov.uk/documents/OGC_HMT_2008_Guidance_on_Competitive_Dialogue.pdf



Guidance 73

Toolkit for Public-Private Partnerships in Roads and Highways

World Bank and PPIAF (Version March 2009)

EPEC comment: Module 5, pages 102-106.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/5/5-8.html



Guidance 74

Scottish Capital Investment Manual, PPP Guide

Scottish Government (April 2009)

EPEC comment: Section 2 (From OJEU to Contract Award), pages 28-35.

http://www.scim.scot.nhs.uk/PDFs/Manuals/PPP/Part1/PPP_Guide1_Full.pdf



Guidance 75

Procurement Guidelines for PPP Projects

IPDF, Ministry of Finance, Pakistan, (September 2007)

EPEC comment: An indication of how the evaluation would be carried out by the project team in pages 23-26.

http://www.ipdf.gov.pk/Procurment_draft_guideline.pdf



Guidance 76

Concessions for Infrastructure: A Guide to Their Design and Award

Michael Kerf et al., World Bank (1998)

EPEC comment: A brief discussion of methods used to evaluate tenders in pages 75-79.

http://rru.worldbank.org/Documents/Toolkits/concessions_fulltoolkit.pdf



Guidance 77

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December, 2008)

EPEC comment: Pages 61-64 discuss the bid evaluation process.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 78

Procurement Processes and Standardized Bidding Documents

PPP in Infrastructure Resource Center, World Bank

EPEC comment: Links to standardized guidelines and bidding documents issued by various countries.

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTLAWJUSTICE/EXTINFRANDLAW/0,,contentMDK:21759171~menuPK:5117613~pagePK:4710368~piPK:64860384~theSitePK:4817374,00.html



Guidance 79

Technical Note 4: How to appoint and work with a preferred bidder

UK Treasury Taskforce, February 2007

http://www.hm-treasury.gov.uk/d/ACFBEE.pdf



Guidance 80

Competitive Dialogue in 2008: OGC/HMT Joint Guidance on Using the Procedure

UK Office of Government Commerce (2008)

EPEC comment: A box on page 27 gives guidance on what to do if there is only a single (or no) bidder.

http://www.ogc.gov.uk/documents/OGC_HMT_2008_Guidance_on_Competitive_Dialogue.pdf



Guidance 81

Revision of the Public Procurement Remedies Directive

European Commission (2007)

EPEC comment: Brief description of the new Remedies Directive and links to FAQs, public consultation documents, etc.

http://ec.europa.eu/internal_market/publicprocurement/remedies/remedies_en.htm



Guidance 82

Practitioners Guide

Partnerships Victoria (June 2001)

EPEC comment: Chapter 12 (pages 46-48) describes the steps taken in final negotiations of the PPP contract.

http://www.partnerships.vic.gov.au/CA25708500035EB6/0/6223D96175BAEF08CA2570C0001966C3?OpenDocument



Guidance 83

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Section 6.3.8 offers a concise discussion about the risks of post-bid negotiations (as opposed to clarifications and fine tuning) after the preferred bidder has been selected.



* Guidance 84

Preferred Bidder Debt Funding Competitions

HM Treasury (Aug. 2006)

http://www.hm-treasury.gov.uk/d/ppp_pbdfcguide100806.pdf



Guidance 85

The financial crisis and the PPP market. Potential Remedial Actions

European PPP Expertise Centre - EPEC (Abridged version, August, 2009)

EPEC comment: Abridged version of a study providing a framework for analysing some potential responses to the financial crisis (as it affects PPPs market across the EU) and identifying a list of issues and considerations for the attention of the public sector.

http://www.eib.org/epec/resources/epec-credit-crisis-paper-abridged.pdf



Guidance 86

E. R. Yescombe, Public-Private Partnerships: Principles of Policy and Finance

Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 8 provides a good summary of what project finance is and why it is often used for PPPs.



* Guidance 87

Project Finance: A Legal Guide

Graham Vinter, Sweet and Maxwell Ltd. Third Edition (2006), ISBN: 0421-909501

EPEC comment: Chapter 7 covers how to negotiate a credit loan agreement. Chapter 8 discusses credit security and related issues.



Guidance 88

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Section 12.4 (pages 211-18) provides a summary of the major issues and concerns for the Authority.



Guidance 89

Project Finance: A Legal Guide

Graham Vinter, Sweet and Maxwell Ltd. Third Edition (2006), ISBN: 0421-909501

EPEC comment: Chapter 6 discusses certain insurance issues from a more legal viewpoint.



Guidance 90

Standardisation of PFI Contracts

HM Treasury (UK), Version 4 (March 2007)

EPEC comment: Chapter 25 discusses the detailed treatment of a wide range of insurance issues, along with suggested and required (in the UK) contract clauses.

http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm



Guidance 91

The Law and Business of International Project Finance

Scott L. Hoffman, Cambridge University Press, 3rd edition (2008), ISBN: 978-0-521-70878-4

EPEC comment: Chapter 24 (pages 328-335) describes 27 typical categories of conditions precedent to financial close for a generic project finance deal.



Guidance 92

Principles of Project Finance

E. R. Yescombe, Academic Press (2002), ISBN: 12-0-770851-0

EPEC comment: Brief summary of what financial close entails, including a list of typical requirements (pages 312-314).



Guidance 93

Partnership Victoria Guidance Material: Contract Management Guide

Infrastructure Australia (December 2008)

EPEC comment: Section 1 (pages 3-6) and section 4 (pages 23-25) identify the main steps to develop a contract management strategy.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 94

Main PPP Guidelines October 2006: Guidelines for the Provision of Infrastructure and Capital Investments through Public Private Partnerships: Procedures for the Assessment, Approval, Audit and Procurement of Projects

Irish Government (July 2006)

EPEC comment: Discusses the establishment of a project management structure in the context of PPPs in Ireland (page 21).

http://ppp.gov.ie/key-documents/guidance/central-guidance



Guidance 95

Partnership Victoria Guidance Material: Contract Management Guide

Infrastructure Australia (December 2008)

EPEC comment: Section 7 (pages 7-12; pages 46-55), section 6 (pages 28-40), and section 13 (page 104-106) discuss the main issues regarding the contract administration manual (with an example), a description of the reporting requirements in contract monitoring and a description of the information management process required by on-going reviews.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 96

An Introductory Guide to Public Private Partnerships (PPPs)

Government of Hong Kong SAR, 2nd edition (March 2008)

EPEC comment: Section 8 (pages 61-65) highlights the main issues arising from performance monitoring.

http://www.eu.gov.hk/english/psi/psi_guides/psi_guides_ppgpop/psi_guides_ppgpop.html#3



Guidance 97

Guidelines for Successful Public Private Partnerships

European Commission, Directorate General Regional Policy (March 2003)

EPEC comment: Section 6 (pages 90-92) provides a brief overview of the contract monitoring activity from the EC perspective, with some additional examples.

http://ec.europa.eu/regional_policy/sources/docgener/guides/ppp_en.pdf



Guidance 98

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF-World Bank (version March 2009)

EPEC comment: Module 5, section 5 (pages 122-127) identifies the relevant issues addressed by contract managers and contains an example of the indicators usually monitored in toll roads projects.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/4/4-3.html



Guidance 99

National Public Private Partnership Guidelines, Volume 2: Practitioners’ Guide

Infrastructure Australia (December 2008)

EPEC comment: Appendix H.2 (pages 124-128) identifies main project risks and their relationship with contract management.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 100

An Introductory Guide to Public Private Partnerships (PPPs)

Government of Hong Kong SAR, 2nd edition (March 2008)

EPEC comment: Section 8 (pages 68-71) discusses some of the implications of adjustments to contract terms.

http://www.eu.gov.hk/english/psi/psi_guides/psi_guides_ppgpop/psi_guides_ppgpop.html#3



Guidance 101

Partnership Victoria Guidance Material: Contract Management Guide

Infrastructure Australia (December 2008)

EPEC comment: Section 12 (pages 96-102) discusses contract change scenarios.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 102

Standardisation of PFI Contracts

HM Treasury UK (version 4, March 2007)

EPEC comment: Several chapters discuss in detail different kinds of contractual adjustment mechanisms designed to deal with supervening events, e.g. compensation, relief and force majeure events (chapter 5), change in service (chapter 13), change in law (chapter 14) and price variations (chapter 15).

http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm



Guidance 103

Sample Clauses

PPP in Infrastructure Resource Center, World Bank

EPEC comment: Outlines a number of clauses dealing with areas that can give rise to confusion in infrastructure projects if not carefully considered (e.g. change in law, dispute resolution, force majeure, insurance clauses).

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTLAWJUSTICE/EXTINFRANDLAW/0,,contentMDK:21759221~menuPK:4704603~pagePK:4710368~piPK:64860384~theSitePK:4817374~isCURL:Y,00.html



Guidance 104

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 16 gives an in-depth summary of the major issues involved in the refinancing of PPP projects.



Guidance 105

Guidance Note: Calculation of the Authority’s Share of a Refinancing Gain

UK Office of Government Commerce (2005)

EPEC comment: This document gives a detailed explanation of the basic method used in the UK.

http://www.hm-treasury.gov.uk/d/pfi_refinancingguidance21307.pdf



Guidance 106

Standardisation of PFI Contracts

HM Treasury (UK), Version 4 (March 2007)

EPEC comment: The model contract clause governing the sharing of refinancing gains can be found in section 34.8.

http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm



* Guidance 107

J. L Guasch, Granting and Renegotiating Infrastructure Concessions- Doing It Right

The World Bank Institute (2004), ISBN: 0-8213-3792-0

EPEC comment: Chapter 7 contains lessons for optimal concession design with a view to avoiding opportunistic renegotiations, based on experience from hundreds of renegotiations of infrastructure concessions in Latin America.



Guidance 108

Main PPP Guidelines October 2006: Guidelines for the Provision of Infrastructure and Capital Investments through Public Private Partnerships: Procedures for the Assessment, Approval, Audit and Procurement of Projects

Government of Ireland (July 2006)

EPEC comment: Pages 31-32 contain a discussion of the implications of changes to the contract associated with refinancing in the context of PPPs in Ireland.

http://ppp.gov.ie/key-documents/guidance/central-guidance/



Guidance 109

Toolkit for Public-Private Partnerships in Roads and Highways

PPIAF–Word Bank (version March 2009)

EPEC comment: Module 5, section 5 (pages 139-140) identifies some dispute resolution procedures.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/4/4-3.html



Guidance 110

Standardisation of PFI Contracts,

HM Treasury UK (version 4, March 2007)

EPEC comment: Section 5 (pages 233-235) discusses alternative dispute resolution procedures in the context of the UK.

http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm



Guidance 111

Guidelines for Successful Public Private Partnerships

European Commission, Directorate General Regional Policy (March 2003)

EPEC comment: Section 6 (pages 93-94) discusses relationship management issues.

http://ec.europa.eu/regional_policy/sources/docgener/guides/ppp_en.pdf



Guidance 112

Partnership Victoria Guidance Material: Contract Management Guide

Infrastructure Australia (December 2008)

EPEC comment: Section 8 (pages 58-67) offers a discussion of the importance of maintaining good communication channels in the context of dispute resolution.

http://www.infrastructureaustralia.gov.au/public_private_partnership_policy_guidelines.aspx



Guidance 113

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007). ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 15 provides an extensive discussion of the major issues in determining the approach and calculating the termination payment for different types of termination.



Guidance 114

Updated Standard Commercial Principles

Partnerships Victoria, Guidance Material (April 2008)

EPEC comment: Section 29 presents a concise set of principles governing the termination payments to be made under a PPP contract.

http://www.partnerships.vic.gov.au/CA25708500035EB6/0/39517301B59F9F16CA25742700229DC3?OpenDocument



Guidance 115

Standardisation of PFI Contracts

HM Treasury, Version 4 (March 2007)

EPEC comment: Section 21 gives extensive and detailed drafting instructions for PPP contract provisions governing types of termination and termination payments, along with a discussion of the reasoning behind the various provisions.

http://www.hm-treasury.gov.uk/d/pfi_sopc4pu101_210307.pdf



Guidance 116

Toolkit for Public-Private Partnerships in Roads and Highways,

PPIAF-World Bank (version March 2009)

EPEC comment: Module 5, section 5 (pages 126-132) provides a discussion of the requirements of asset hand-over and the importance of ensuring the maintenance of assets’ residual value.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/4/4-3.html



Guidance 117

Benchmarking Period – Sample Wording

PPP in Infrastructure Resource Center (PPPIRC)

EPEC comment: Considers the problem of inaccuracies in the assumptions for financial modelling and performance standards, and provides sample wording for an initial benchmarking period at the beginning of a contract.

http://siteresources.worldbank.org/INTINFANDLAW/Resources/benchmarkingperiod.pdf



Guidance 118

Main PPP Guidelines October 2006: Guidelines for the Provision of Infrastructure and Capital Investments through Public Private Partnerships: Procedures for the Assessment, Approval, Audit and Procurement of Projects

The Government of Ireland (July 2006)

EPEC comment: A discussion of the different purposes of ex-post evaluation is in pages 30-31.

http://ppp.gov.ie/key-documents/guidance/central-guidance/



* Guidance 119

Various reports

UK National Audit Office (NAO)

EPEC comment: The NAO has played an important role in looking at the PFI/PPP experience in the UK. Their report on the Fazakerley PFI prison contract, for example, revealed the need to share the gains from refinancing PFI/PPP contracts to protect Value for Money for the taxpayer. Over the years NAO reports have audited many transport PPP projects drawing lessons that are relevant to PPP projects. Examples are the first four Design-Build-Finance-Operate highway projects in the UK, the Channel Tunnel rail link and the London Underground PPP contracts.

http://www.nao.org.uk/publications.aspx



Guidance 120

Highway Public Private Partnerships, More Rigorous Up-Front Analysis Could Better Secure Potential Benefits and Protect Public Interest

US Government Accounting Office (February 2008)

EPEC comment: The report is an example of a PPP review by the US Audit Public Body.

www.gao.gov/cgi-bin/getrpt?GAO-08-44



Guidance 121

Public-Private Partnerships (PPP) – A Decision Maker’s Guide

Michael Burnett, Institut Européen d’Administration Publique (2007), ISBN -978-92-9203-001-8

EPEC comment: Chapter 6 (pages 150-165) develops a detailed operational approach to PPP audits.



Guidance 122

Resource Book on PPP Case Studies

Directorate-General of Regional Policy, European Commission (June 2004)

EPEC comment: Example of PPP review in the EU using case studies.

http://ec.europa.eu/regional_policy/sources/docgener/guides/pppguide.htm



Guidance 123

Case Studies of Transportation Public-Private-Partnerships in the United States

US Department of Transportation (July 2007)

EPEC comment: An example of PPP review in the transport sector using case studies in the US and other countries.

http://www.fhwa.dot.gov/ipd/pdfs/us_ppp_case_studies_final_report_7-7-07.pdf



Guidance 124

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe Elsevier. (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 8 provides a summary of what project finance is and why it is often used for PPPs.



* Guidance 125

Toolkit for Public-Private Partnerships in Roads and Highways

World Bank - PPIAF (Version March 2009)

EPEC comment: Module 6 contains graphical and numerical financial models based on a highway PPP project which illustrate the trade offs inherent in alternative funding structures with model simulations.

http://www.ppiaf.org/documents/toolkits/highwaystoolkit/6/financial_models/index.html



* Guidance 126

Public-Private Partnerships: Principles of Policy and Finance

E. R. Yescombe, Elsevier (2007), ISBN: 978-0-7506-8054-7

EPEC comment: Chapter 10 provides a comprehensive introduction on how bidders and their lenders structure the financing of a PPP.



* Guidance 127

Capital Markets in PPP Financing – Where Were We and Where Are We Going?

European PPP Expertise Centre - EPEC (February 2010)

EPEC comment: Abridged version of a study providing background information on the role of capital markets in PPP financing and setting out the reasons why the capital markets have now largely withdrawn from it, while suggesting possible solutions and identifying valuable roles EPEC might play.

http://www.eib.org/epec/resources/epec-capital-markets.pdf



Guidance 128

Hybrid PPPs: Levering EU Funds and Private Capital

PPIAF & PriceWaterhouseCoopers (January 2006)

EPEC comment: Analysis of a small sample of “hybrid” PPPs with mixed success regarding financial closure where EU grants are involved. Projects are located in Ireland, Portugal, Spain and Greece (Cohesion and Structural Funds), or in the accession countries (ISPA).

http://www.irfnet.ch/files-upload/knowledges/PWC_HybridPPPs_2006.pdf



* Guidance 129

Review of Risk Mitigation Instruments for Infrastructure Financing and Recent Trends and Developments

Odo Matsukawa, World Bank. Trends and Policy Options, No. 4 (2007)

http://www.ppiaf.org/ppiaf/sites/ppiaf.org/files/publication/Trends%20Policy%20Options-4-Review%20of%20Risk%20Mitigation%20Instrument%20-%20TMatsukawa%20OHabeck.pdf



Guidance 130

Issues Paper on facilitating additional TEN-T investment

European Commission, European Investment Bank (October 2009)

EPEC comment: Identifies potential measures for consideration by EU and national policy makers that could deepen and diversify access to sources of finance as well as financial instruments capable of facilitating additional investment in the development of the TEN-T Infrastructure.

http://www.eib.org/projects/documents/issues-paper-on-facilitating-additional-ten-t-investment.htm?lang=-en