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Public Private Partnership (BE-725)
- Instructor Name: Dr. Khurram Ellahi
- Credit Hours: 03
- PIDE School of Economics
- E-mail: [email protected]
- Office Hours: 09:00 AM - 12:00 Noon
Prerequisites For this Course:
None
Text Book(s):
- Yescombe, E. R. (2017). Public-Private Partnerships: Principles of Policy and Finance
Reference Book(s):
- PPP book by ADB
- PPP book by World Bank
- Pakistan PPP Authority Act & Guidelines
Course Description
This course equips students with the theoretical foundations, policy frameworks, and practical case studies surrounding Public-Private Partnerships (PPPs). It explores how governments collaborate with the private sector for infrastructure, health, education, and energy projects. The course emphasizes PPP models, risk-sharing mechanisms, legal contracts, institutional frameworks, financing tools, and PPP evaluation strategies—both globally and in the Pakistani context.
Course Objectives
• Understand theoretical foundations and global evolution of PPPs.
• Analyze various PPP models and their contractual/financial structures.
• Evaluate PPP projects using economic cost-benefit tools.
• Examine legal, regulatory, and governance frameworks in Pakistan and globally.
• Explore challenges and risks involved in PPP projects.
Learning Outcomes
- Design a PPP model for infrastructure or public service delivery.
- Evaluate existing PPPs based on economic, legal, and risk metrics.
- Understand key components of PPP contracts and institutional frameworks.
- Critically assess the role of PPP in development economics and governance.
Lecture Plan
| Session | Topic | Brief Summary |
| 1 | Introduction to PPP | Origins, need, and global trends. Why PPPs matter for developing countries. |
| 2 | The Economics of Public Goods & Market Failure | Link between public goods, externalities, and rationale for PPPs. |
| 3 | PPP Models and Typologies | BOT, BOOT, DBFO, Service Contracts, Concessions – explained with examples. |
| 4 | Risk Allocation in PPPs | How risk is identified, priced, transferred or shared in PPPs. |
| 5 | Legal & Institutional Framework | Overview of legal structures in Pakistan, global best practices. |
| 6 | Project Appraisal and Feasibility | Techniques including financial viability, economic cost-benefit, and VFM. |
| 7 | PPP Financing Mechanisms | Debt-equity structures, viability gap funding, government guarantees. |
| 8 | Midterm Exam | — |
| 9 | Contract Design and Negotiation | Understanding terms, renegotiation traps, and enforceability. |
| 10 | Procurement, Tendering & Transparency | Process flow, prequalification, bidding stages, ethical concerns. |
| 11 | Monitoring, Regulation & Evaluation | Post-award oversight, KPIs, compliance audits. |
| 12 | Role of IFIs and Donors | Involvement of ADB, World Bank, DFIs in PPP structuring and guarantees. |
| 13 | PPPs in Infrastructure (Roads, Energy) | Sectoral deep dive with Pakistani case examples. |
| 14 | PPPs in Social Sectors (Health, Education) | Innovative PPP models in human development – pros and cons. |
| 15 | Common Pitfalls & Failed PPPs | Case studies of failures due to poor risk allocation or corruption. |
| 16 | Future of PPPs in Pakistan | Reform agenda, climate-smart PPPs, AI/data-enabled PPPs, final wrap-up. |
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