Improving the potential of public-privatepartnerships in Turkey
Başlık çevirisi mevcut değil.
- Tez No: 717892
- Danışmanlar: DR. FERNANDO R. FERNHOLZ
- Tez Türü: Yüksek Lisans
- Konular: Siyasal Bilimler, Political Science
- Anahtar Kelimeler: Belirtilmemiş.
- Yıl: 2018
- Dil: İngilizce
- Üniversite: Duke University
- Enstitü: Yurtdışı Enstitü
- Ana Bilim Dalı: Belirtilmemiş.
- Bilim Dalı: Belirtilmemiş.
- Sayfa Sayısı: 90
Özet
Özet yok.
Özet (Çeviri)
Infrastructure provision and access to services have become important factors in the success and progress of human society. They have enabled governments to distribute resources and essential services to the public. However, countries have infrastructure and service provision challenges, and public-private partnership model can help countries to overcome some of their challenges with complementary actions. Therefore, during the distribution of resources and provision of services, public-private partnership projects have become an important alternative method. The Republic of Turkey, like many countries, is using the public-private partnership (PPP) model. However, Turkey is managing its PPP projects poorly. While PPPs have increased private investment and have helped build much-needed infrastructure, Turkey's approach has also substantially increased government obligations and has transferred much of the risks of these projects to the government. The Republic of Turkey has a poor PPP framework, which has issues related to identification, design, appraisal, implementation, management, monitoring and evaluation of PPP projects. To be successful, each PPP must have a specific design, financing, risk sharing, and implementation conditions based on the context of the project. Therefore, PPPs require a certain level of attention before and during implementation. In Turkey, PPPs have increased private investment and generation of assets sharply while they have also received excessive guarantees, cause obligations, and transfer much of the risks to the government. Turkey is facing a fast-growing PPP liability issue. growing from 3.0 percent of GDP in 1999 to nearly 8.0 percent of GDP in 2017. Similarly, the excessive guarantees and obligations payments are decreasing fiscal space and creating financial risks. The obligation payments have already affected budget spending. Therefore, the Republic of Turkey should design and implement a wellorganized PPP regime while preventing poor management and excessive increase in contingent liabilities and risks such that public-private partnership projects can provide improved public services without stressing the overall economy and especially public finance conditions. In this context, this policy paper first provides an in-depth analysis of this poor PPP framework by explaining various factors that affect it. The analysis focuses on a comparison of Turkey with other countries and suggests that the Republic of Turkey need a better PPP framework. With a new framework, Turkey needs to improve transparency and accountability; regulatory framework; institutional arrangements; project identification, preparation, and procurement; contract management; risk management and adequate risk transfer; monitoring of fiscal risks. I provide several policy suggestions that can be used to establish a well-functioning PPP framework in Turkey. In the short term, Turkey needs to implement risk management plans for existing vii PPP projects and their possible future fiscal threats. Following this policy, Turkey should increase transparency and accountability of the PPP project cycle. Turkey needs to start disclosure of information related to PPP projects. Disclosure can improve transparency and accountability and can help to establish a higher level of confidence, fairness, and effectiveness of the PPP projects. In the medium term, Turkey needs to enact a comprehensive law and establish a central PPP unit. These policies will enable capacity development and better planning, implementation, monitoring and evaluation of projects. Finally, Turkey needs to improve its existing public investment planning. PPP projects should be included and screened as part of public investment planning. A unified public investment planning can address transparency and accountability, efficiency, risk management, excessive guarantees, fiscal risks, contingent liabilities of public investment and PPPs.
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