Dates: April 28-May 2, 2019
Location: American University in Dubai, Dubai, UAE
A value for money (VfM) analysis consists of a systematic comparison of total costs of ﬁnancing and delivering an infrastructure project by traditional government means versus private sector means. For a government, there is no single more important exercise than carrying out this transparent cost comparator. Governments must understand the projected costs and revenue streams early in the development of a potential public private partnership (PPP) project so that they can make an informed, long-term decision as to whether the project is viable and what the appropriate ﬁnancing mechanism would be.
Participants in this course will learn how to design and manage VfM analyses for use in their own countries and organizations.
- Analyze why VfM and cost beneﬁt analysis are so critical for PPP project development
- Analyze the overall strategic planning requirements for identifying and screening PPP project opportunities
- Illustrate how to construct Public Sector Cost (PSC) and Value for Money (VfM) models and how to calculate and analyze cost input variables for PPP projects
- Evaluate how to forecast ﬁnancing costs and discount rates for both traditional (government) and private sector and capital market ﬁnancing
- Demonstrate how to analyze, value and manage retained public sector risks and contingent liabilities in long-term PPP projects
- Calculate the diﬀerences between ﬁnancial and economic analysis for projects, including valuation, NPV, IRR and discount rates