This dissertation deals with the economic evaluation of Public Private Partnerships (PPP) projects. Generally, PPP projects are evaluated using the evaluation methodology, which is called Value for Money (VFM). The aim of this dissertation is to propose some changes in the Value for Money methodology, which is used in the Czech Republic. All proposed changes should lead in to more frequent PPP realization in the Czech republic, whereas there should be no reduced requirements regarding the economic efficiency of this kind of projects. The Value for Money demonstrates the difference between two ways of project realization. The first one is conventional public procurement project, which is based on the separation of financing and providing of design, construction, operational and maintenance phase of the project. The second way is the Public Private Partnership project, where one private subject, in principle the Special Purpose Vehicle (SPV), provides all the project phases mentioned above. That means the PPP projects are usually very large, expensive and long-running. Value for Money methodologies are used in many countries, where the PPP projects are prepared and realized. Of course, the methodologies differ based on the legislative, institutional and economic environment. In the Czech republic the VFM methodology was created and published in the 2008. But the utilization of the methodology is very marginal. That means there are very limited experiences, which allows changing the methodology without causing enormous costs for submitters or advisors. All the proposed changes are formulated based on provided research. The research consisted in the analysis and comparison of Value for Money methodologies in selected countries and in the determination of key Value for Money drivers in PPP projects in the Czech republic, which allows identifying the specifics and specialties of Czech PPP market. Using these outputs some changes were formulated. The most important and fundamental changes are the change of the structure of the evaluation methodology, the change in the qualitative evaluation questions formulation, the change in the quantitative PSC methodology and the changes in the legislative environment.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:249248 |
| Date | January 2010 |
| Creators | Ostřížek, Jan |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/doctoralThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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