Showing posts with label Public-Private Partnership. Show all posts
Showing posts with label Public-Private Partnership. Show all posts

Pembentukan Tim PPP Bandung Rekomendasi Inggris

Pemerintah Kota Bandung akan membentuk tim public private partnership (PPP) yang bertugas menarik investor dan mengatur kerja sama Pemerintah Kota Bandung dengan badan usaha. Pembentukan tim tersebut adalah rekomendasi dari Pemerintah Inggris.

"Hasil studi kami dibantu Inggris adalah Kota Bandung harus punya PPP center," ujar‎ Wali Kota Bandung, Ridwan Kamil, Selasa, 14 Juni 2016. Nantinya, calon investor yang akan berbelanja proyek, akan datang ke tim tersebut.

Public-Private Partnership (P3)

As government budgets shrink, the use of Public-Private Partnerships (P3s) is on the rise. P3s are a combination of one or more government entities — such as federal/state, state/county, or county/city agencies and a private developer — for public projects, typically infrastructure projects. In my experience, the general public either loves them or hates them; but either way they feel very strongly about them. ACGA’s P3 webinar on June 9, 2016, explores accounting/auditing and economic/societal perspectives on these risk-sharing agreements.

One of my positions with the federal government dealt with the oversight of several different types of P3s. One of the most difficult parts of the job was understanding and quantifying the in-kind benefits. P3 transactions are very complicated contractual agreements, where each party provides a different contribution and shares a portion of the risk. Each contribution and benefit has to be quantified, typically in dollar value. Then for each project risk, performance and benefits must be measured and reported. Thinking through the end-to-end transactions of P3s is hard, documenting them is harder, and explaining to the public why they are good is nearly impossible. Why is that?