Overview

The module is divided in three parts: One aims to provide a legal background of the phenomena in an international perspective, taking into account PPP models in financing infrastructure. It also deals with issues arising in managing different models, in the selection of the private partner and in the enforcement of PPP contracts. The other part instead applies the economic theory of contracts to discuss how to align the interests of the different parties, structure payments, and allocate risks efficiently. It discusses the potential limits of PPPs and the way to address them. Lastly, the module focuses on the phases of PPP project cycle, including importance of communication policy, influence of existing legal systems, factors of PPP enabling environment, perspective of lenders.  

Objectives of the Module

• Analyse the legal background of PPP in an international perspective, taking into account different PPP types and roles in financing infrastructure;
• Illustrate the main questions arising in managing different PPP models, in the selection of the private partner and in the enforcement of PPP contracts;
• Illustrate the Economics of PPPs, how to apply the economic theory of contracts and incentives to the alignment of the interests of different parties, to structure payments, and to allocate risks efficiently.  

Methodology

Material

The main reference will be the slides presented in class by the lecturers, case studies materials and readings. 

Lecturers

• Stephane Saussier
• Sladjana Sredojevic