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public private partnerships
"Organizations like the World Bank have a
responsibility to drive change and economic
growth. Using PPP to fund infrastructure projects
can help them do that," said Baird.
Consultancies' time to shine
The involvement of multi-lateral finance organizations
encourages private sector companies to take part. This, in turn,
creates an environment in which Dar can thrive. "We understand
what investors are looking for and we can fit into the space in
all sorts of ways," added Baird.
For Dar, entry points into PPP are numerous. Dar's services can
help government agencies shape a program and go to market.
"Because we carved a name for ourselves in the PPP market,
many opportunities opened up," said Baird. "In mainland Europe,
for example, we worked on various initiatives including prisons,
sports stadiums, roads and fire stations. Our success is down to
our ability to work with all sides, as knowledgeable advisors both
to government and to private sector organizations," he further
explained.
Real significance
Baird concluded: "The Infrastructure Journal database indicates
that 1,376 PPP projects with a capital value of US$485 billion
were completed between 2005-2012, a declining global
economic environment. In a world that is regaining financial
momentum, the PPP market could be of real significance."
Also, banks and
investors, who may be
acquiring or divesting
themselves of
portfolios, often seek
the kind of technical
advisory services in
which Dar specializes.
Other opportunities include certifying roles and
verifying standards.
Currie & Brown has participated in PPP enterprises since the
1990s when the private finance initiative was launched in the UK.
The company has worked with banks, local authorities and
statutory organizations such as the National Health Service (NHS).
Its expertise has led to opportunities in other parts of the world,
including in Mexico where the Currie & Brown team is working on
a major healthcare program from concept through to completion.
1 Caen Courthouse, France
2 Dalkeith High School, Scotland, UK
3 Colchester Garrison, UK
4 Zayed Universty, Abu Dhabi, UAE
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