Public Investment and Public-Private Partnerships: Addressing Infrastructure Challenges and Managing Fiscal Risks

Cover......Page 1
Contents......Page 6
List of Figures, Tables, and Boxes......Page 8
List of Abbreviations......Page 11
Notes on the Contributors......Page 14
Preface......Page 25
Foreword......Page 27
Introduction......Page 30
Part One. Public Investment and Fiscal Policy in Europe......Page 38
1 Public Capital and Economic Growth: Key Issues for Europe......Page 40
2 A Primer on Public Investment in Europe......Page 50
3 Challenges for Public Investment in New EU Member States......Page 65
4 Budgeting of Public Investments......Page 90
Comments on Part One by Christophe Kamps......Page 106
Comments on Part One by Christoph Rosenberg......Page 109
Part Two. Fiscal Risks from PPPs......Page 112
5 PPPs and Fiscal Risks: Should Governments Worry?......Page 114
6 Controlling Spending Commitments in PPPs......Page 134
7 PPPs and Fiscal Risks: Experience of Portugal......Page 147
Comments on Part Two by Gábor P. Kiss......Page 161
Comments on Part Two by Marko Mršnik......Page 165
Part Three. The Institutional Environment for PPPs......Page 170
8 The OECD Principles for Private Sector Participation in Infrastructure......Page 172
9 Legal Regimes for PPPs in Central and Eastern Europe......Page 191
10 Combining PPP with EU Grants......Page 202
11 Managing PFI Projects in the United Kingdom......Page 216
12 Negotiating and Renegotiating PPPs and Concessions......Page 226
Comments on Part Three......Page 257
Part Four. PPP Accounting, Reporting, and Auditing......Page 262
13 PPPs: Some Accounting and Reporting Issues......Page 264
14 IPSASB: Service Concession Arrangements......Page 274
15 Accounting for PPPs: The Eurostat Approach......Page 285
16 Framework for PPP Audits in the United Kingdom......Page 298
17 PPP Audits in Portugal......Page 308
18 Hungary’s Audit Experience with PPPs......Page 314
Comments on Part Four by Kálmán Seregélyes......Page 324
Comments on Part Four by Juan Ramallo Massanet......Page 326
C......Page 328
E......Page 329
H......Page 330
L......Page 331
P......Page 332
U......Page 334
Z......Page 335