media roundtable brunei 11092013
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Embracing PPP in ASEANMember States
Fauziah ZenERIA Economist
The 2nd ERIA EDITORS ROUNDTABLE
10 11th September, 2013Radisson Hotel, Brunei Darussalam
Economic Research Institute for ASEAN and East Asia (ERIA)
and
Prime Ministers Office, Brunei Darussalam
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Outline
Infrastructure as key of growth
Funding: Demand vs Capacity
Call for PPP: Benefits vs Challenges Findings on PPP progress in AMS
Way Forward
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Infrastructure as key of growth
Providing basic human needs and supporting
people activities
Boosting productivity and growth
Improving quality of life
Connecting people
Facilitating trade
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Infrastructure as key of growth
Quality of Infrastructure Score, ASEAN Member States
Source: World Economic Forum, Global Competitiveness Report 2012-2013
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Financing Infrastructure
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Call for PPP
PPP
Provide additional
financing sources
Fee for use Project financing Equity financing
Improve
governmentsefficiency
Focus on public
function
Encourage
competition
Improve public
services delivery
Reliability Continuity Standardized
PPP is not a panacea for infrastructure problems PPP has been adopted in developing economies at various degrees
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Challenges
PPP requires a set of regulatory system that
emerging economies may not be familiar with
PPP requires strong government leadership
and skills to assess optimum benefits and risks
sharing.
Private finance only follows business rule:
profit-seeking with manageable risks.
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Critical aspects of PPP stages
Project
Prioritization:
Consistent with
National Development
Priority
Managing fiscal issues
(support vs. liabilities)
Transparent process
Market sounding
Project
Preparation:
Work timely
Economies of scale
Adequate funds,
human resources, andtime
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Addressing the Challenges (2)
Tender and
SelectionProcess:
Transparencyand time
consistency
Contestable
market
Awarding
Project:
Clear andcomprehensive
contract (output,
dispute
resolution,
timeline,ownership, etc.)
Sufficient fiscal
and political
support
Project
Execution:
Monitoring andEvaluation
Warning system
and addressing
problems
Promotingsuccessful stories
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How do AMS embrace PPP?
Singapore: adopting PPP to complement heralready strong public sector and adequatepublic funds to improve efficiency
Brunei: limited PPP projects due to her uniquesize and adequate public funds
Indonesia, Malaysia, Thailand, Philippines:
advancing PPP system towards moresignificant role of Public Sector Participation(PSP)
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How do AMS embrace PPP?
Vietnam: A newcomer in PPP system
Cambodia, Lao PDR, Myanmar: Increasing role
of PSP and eagerness for adopting PPP
Different situations require different types of
support from international community
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Way Forward
ASEAN helps one another
Developing and strengthening members PPP
Unit
Enhancing regional cooperation: PPP Centre of
Excellence
ERIAs commitment to support PPP
development in the region.
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Enhancing Regional Cooperation
Non-optimal individualcountrys effort
Improve existing effortsand enhance
cooperation
Establishment of aRegional PPP Centre:
Capacity Building
Technical Assistance
Intra and Inter RegionalCooperation
Promotion
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Regulatory Framework
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Thank You!
Contact: fauziah.zen@eria.org
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