Asian Public-Private Partnerships: An Overview of Trends and Innovations

46 Pages Posted: 20 Feb 2013

See all articles by Manuel De Vera

Manuel De Vera

Asian Institute of Management

Philamer Torio

University of British Columbia (UBC)

Michael Timbang

Asian Institute of Management - Policy Center

Charles Siriban

Asian Institute of Management - Policy Center

Date Written: January 1, 2013

Abstract

The research involves an archival review and analysis of 104 Public-Private Partnership (PPP) projects in Asia to determine general trends in investment, financing, and government support. Representing a total investment of about US$79.37 billion, these projects were implemented over a period of 26 years from 1985 to 2011, covering mainly the transportation, water, and energy sectors. Five major indicators were selected and used for screening the different Asian PPP projects. Plotting these indicators on a pentagram offered a graphical representation of these trends, allowing for a better understanding of the dynamics between risk mitigation measures and financing strategies.

Across the different sectors, PPP projects in the transportation sector exhibited the longest cooperation period and received the most government support, ranging from guarantees to direct financing and equity investment. Placing second to transportation projects, energy projects also received substantial government support enabling the implementation of many greenfield projects in Asia. The results also showed a general pattern of greater local ownership across the transportation, energy, and water sectors. A country analysis of the different PPP projects included in the study showed that India provided the most government support, followed by China and the Philippines, respectively.

Keywords: Public-Private Partnerships, Infrastructure, Asia

JEL Classification: H54, O18

Suggested Citation

De Vera, Manuel and Torio, Philamer and Timbang, Michael and Siriban, Charles, Asian Public-Private Partnerships: An Overview of Trends and Innovations (January 1, 2013). Available at SSRN: https://ssrn.com/abstract=2221100 or http://dx.doi.org/10.2139/ssrn.2221100

Manuel De Vera

Asian Institute of Management ( email )

123 Paseo de Roxas
Makati City, Metro Manila
Philippines

Philamer Torio

University of British Columbia (UBC) ( email )

2329 West Mall
Vancouver, British Columbia BC V6T 1Z4
Canada

Michael Timbang

Asian Institute of Management - Policy Center ( email )

Eugenio Lopez Foundation Bldg
Joseph McMicking Campus, 123 Paseo de Roxas
Makati City, Metro Manila
Philippines

Charles Siriban (Contact Author)

Asian Institute of Management - Policy Center ( email )

Eugenio Lopez Foundation Bldg
Joseph McMicking Campus, 123 Paseo de Roxas
Makati City, Metro Manila
Philippines

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