HOW CAN WE CAPITALISE ON THE CONCEPT OF PPP? Presented by: Ir Dr - - PowerPoint PPT Presentation

how can we capitalise on the concept of ppp
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HOW CAN WE CAPITALISE ON THE CONCEPT OF PPP? Presented by: Ir Dr - - PowerPoint PPT Presentation

HOW CAN WE CAPITALISE ON THE CONCEPT OF PPP? Presented by: Ir Dr the Hon Raymond Ho Chung-tai, MBE, S B St J,JP Conference on Public Private Partnerships - Opportunities and Challenges Hong Kong Convention and Exhibition Centre 22


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HOW CAN WE CAPITALISE ON THE CONCEPT OF PPP?

Presented by: Ir Dr the Hon Raymond Ho Chung-tai, MBE, S B St J,JP Conference on “Public Private Partnerships - Opportunities and Challenges

Hong Kong Convention and Exhibition Centre 22 February 2005

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Difficulties facing local construction industry

  • Decline in private building projects
  • Government’s tight budget control on

new public works

  • Unemployment rate of the sector is

more than double that of the overall unemployment

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Public Private Partnerships

  • Partnership between the public and

private sectors

  • Involvement of private sector providers

to develop facilities and/or deliver services for the use of the public

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Advantages of PPPs

  • Allow the government to concentrate on

its core competencies

  • More efficient and effective allocation of

risks

  • Offer innovative financing
  • Provide the private sector with more

business opportunities etc

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Types of PPPs

  • Joint ventures
  • Partnership companies
  • Partnership investments
  • Franchises
  • Private finance initiatives (PFIs)
  • Design and build; design, build and
  • perate; build, operate and transfer
  • Privatisation and corporatisation
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Relevance of PFIs to HK

  • Encourage private companies to initiate

more public works projects

  • Promote more creative and innovative

projects with necessary incentives

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Conclusion

  • PPPs provide the government with a

new approach to develop facilities and/or services

  • Better delivery of public services and

more employment opportunities

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Thank you