Over the last decade or so, private sector＇s financing through public-private partnerships （PPPs） has become increasingly popular as a way of procuring and maintaining public-sector infrastructure. Albania in the l...Over the last decade or so, private sector＇s financing through public-private partnerships （PPPs） has become increasingly popular as a way of procuring and maintaining public-sector infrastructure. Albania in the last few years had improved the legal frame so as to give the local authorities the right to initiate PPP projects. The local authorities have not built the expertise for such projects yet. The aim of this paper is to help the local authorities in Albania to support the building of the expertise for such projects. A financial model is used to make the required calculations for the bid at various phases of the project, although this paper is not intended to cover financial modeling in depth, the key inputs and outputs for the financial model are reviewed, including the financing costs. The model has to work within the constraints of： （I） the public authority＇s requirements for the PPP contract term and service fee profile; and （2） lenders＇ requirements for the term and payment profile of their debt.展开更多
文摘Over the last decade or so, private sector＇s financing through public-private partnerships （PPPs） has become increasingly popular as a way of procuring and maintaining public-sector infrastructure. Albania in the last few years had improved the legal frame so as to give the local authorities the right to initiate PPP projects. The local authorities have not built the expertise for such projects yet. The aim of this paper is to help the local authorities in Albania to support the building of the expertise for such projects. A financial model is used to make the required calculations for the bid at various phases of the project, although this paper is not intended to cover financial modeling in depth, the key inputs and outputs for the financial model are reviewed, including the financing costs. The model has to work within the constraints of： （I） the public authority＇s requirements for the PPP contract term and service fee profile; and （2） lenders＇ requirements for the term and payment profile of their debt.
