The plenaries, seminars, academic presentations, exhibits and knowledge hubs at the forum will be structured around six pillars:
- Defining, designing and evaluating PPPs.
Public–private partnership (PPP) most commonly describe an economic model of development where a government service or private business venture is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3 and they have varying contractual agreements in which:
- private party provides a public service or project and assumes substantial financial, technical and operational risk in the project.
- the cost of using the service is borne exclusively by the users of the service and not by the taxpayer.
- capital investment is made by the private sector on the strength of a contract with government to provide agreed services and the cost of providing the service is borne wholly or in part by the government.
- the government may provide a capital subsidy in the form of a one-time grant, so as to make it more attractive to the private investors
- the government may support the project by providing revenue subsidies, including tax breaks or by providing guaranteed annual revenues for a fixed period.
In the context of the UAE, how are PPPs defined? What models of PPP work well in the UAE? How is the success of the PPP measures locally, regionally and globally?
- Enabling environments for PPPs
Successful implementation of PPP initiatives requires an enabling environment for all parties involved in the contract. These enablers include favorable investor climate, public commitment through development of guiding policy frameworks, risk management and capacity within the public sector to offer security and predictability. The government in the PPP contract will also want to ensure that it is getting the greatest benefit at the best cost. The nature of the PPP agreement is determined by the level of involvement required from each party so there is no absolute measure that is used.
What are the PPP enablers that private investors are looking for in the UAE? Do these vary based on the PPP program or the type of investor? How can the government develop an enabling environment for PPPs?
- Strategic Planning for PPPs.
An increasing number of public and private sector stakeholders think strategically about the future of their companies and country. They realize that they depend on sustainable communities and environments to support each other symbiotically in order to succeed. This is a more socially and environmentally conscious approach to doing business than in previous generations. Decisions continue to be driven by the bottom line, but the scope of this line has expanded from an obsession with profits to a recognition that long-term profitability is linked to social and environment outcomes and impact. This shift in thinking about business has created a viable opportunity for the public and private sector to work together strategically to address the “wicked” social and economic challenges of the day.When developing these solutions for PPP initiatives, the planning might vary from one project or context, to another. Most projects however will go through nuanced degrees of
- Planning and Identifying projects
- Preparation through feasibility studies
- Procurement and Implementation
- Contractual agreements and contact management
What is the process for developing and implementing a PPP project in the UAE and other countries? What results have we seen from strategic planning of PPPs?
- Accountability and performance of PPPs (case studies, alternative models)
Public Private Partnership projects should fits into the overall development process of the government. Data generated from feasibility study and economic viability analysis is central to the evaluation of accountability and performance of the project. The way the PPP initiative is structure should lead to commercial viability, affordability, reduced risk and value for money.
How are roles in the PPP stages determined and by whom? How is accountability in each phase established and evaluated?
- Technology and innovation in PPPs .
- Policy development for PPPs in the future.
Developing PPP policy that outlines clear procedures, roles and mechanism for implementing and managing PPPs is essential for the success of the programs. Government entities and their private sector partners need to have a sound understanding of the policies that drive their partnerships and be confident that all the legal and social implications are well defined and agreed upon.
How can the PPP policies shape the success of PPPs in the UAE? What are the pitfalls to be avoided in developing such a policy? What degree of flexibility should be built into the PPP policies?