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dc.contributor.advisor Hassanein, Amr Mohy El Din, Nada Sherin 2017-05-29T07:45:48Z 2017-05-29T22:00:13Z Spring 2017 en_US 2017-05-29
dc.description.abstract Public-Private Partnership (PPP) projects have been growing over the last decade in Egypt, with an increasing popularity and interest in the participation of different entities in similar projects. Since the government is not considered the only provider for public infrastructure systems, the private sector is now contributing to providing such services. However, not all PPP projects have been equally successful or have been utilized in the best way through planning and decision. PPP projects require full consideration of all the factors, adequate structuring and the correct adoption of such factors. Failure in the consideration of all factors that complete the life cycle of PPPs may lead to the failure of the project. An integrated approach within a framework is required in order for the PPP projects to succeed. Limited research has presented an integrated framework approach for the adoption of PPPs. The framework for PPP projects should be conducted both simultaneously and iteratively for the project to succeed. The objective of this study is to assist the government in the front end process of a PPP project, while contributing to the general understanding and filling some gaps in the research and study of such projects. This can be achieved by depicting an integrated framework approach for government adoption of PPP projects through three steps; the technical structure of the project, developing a financial model and finally, designing the procurement strategy of the PPP project. These three steps are the pillars that indicate the success or failure of a PPP project. These three pillars are then subdivided into a series of steps that form the integrated framework approach. Each pillar has a methodology that is followed by an application on a case study, and a validation exercise. The first pillar is the first step in the initial assessment of a PPP project. The technical structuring of the project includes structuring of the contractual terms and managing of risks. It is concluded that the termination term is one of the most important clauses in a PPP contract. In addition, financing risk is a risk that affects the affordability and the bankability of a PPP project, and it is allocated to the government. The second step in the initial assessment of a PPP project is the development of the public sector comparator. The second pillar is the financial modeling of a PPP project. A financial model template is developed, applied, and validated on a case study. The results reveal that the template is running properly and all financial formulas and equations are correct. Following the financial model development, a value for money assessment process is conducted on a case study both quantitatively and qualitatively. The risk-adjusted net present costs are calculated at different discount rates (10%, 11%, 12%, 13%, and 14%) for the public sector comparator and PPP option. The final pillar is a qualitative assessment of the procurement activities of PPP projects. According to law 67 that regulates PPP activities, the results show that single bid may be accepted if other qualified bidders have failed technically and it appears that the bid was made in the bidder’s belief under competition. Due to the complexity and long concession periods of PPP projects, technical offers shall have higher weight than financial offers. According to common practice, technical offers usually weigh 70% while financial offers weigh 30%. The concept of structuring a procurement process is further examined and validated by a case study. en_US
dc.description.sponsorship I am grateful to Prof. Dr. Amr Hassanein for his patience and guidance. He has been very generous with his knowledge, and his trust in my abilities has made my journey more rewarding. I would like to thank him for giving me the chance to do this research and for his continuous support and valuable feedback. It has been a pleasure working under his supervision. I would like to thank Eng. Atter Hannoura - Director of the PPP Central Unit in Egypt for his willingness to give me his valuable time to discuss various aspects in my research and for all the information he provided me with to be able to complete my thesis. I would also like to thank the experts who were involved in the validation survey for this research project: Malak Draz from the International Finance Corporation and Eng. Khaled El Degwy from Orascom Construction. Without their passionate participation and input, the validation survey could not have been successfully conducted. Finally, I must express my gratitude to my parents, my sister, and my friends for providing me with unfailing support and continuous encouragement throughout my academic career. This accomplishment would not have been possible without them. Thank you en_US
dc.format.extent 116 p. en_US
dc.format.medium theses en_US
dc.language.iso en en_US
dc.rights Author retains all rights with regard to copyright. en
dc.subject PPP projects en_US
dc.subject Egypt en_US
dc.subject integrated framework en_US
dc.subject financial model en_US
dc.subject public sector comparator en_US
dc.subject value for money en_US
dc.subject technical structure en_US
dc.subject procurement process en_US
dc.subject.lcsh Thesis (M.S.)--American University in Cairo en_US
dc.title An integrated framework approach for PPP projects in Egypt en_US
dc.type Text en_US
dc.subject.discipline Construction Engineering en_US
dc.rights.access This item is available en_US
dc.contributor.department American University in Cairo. Dept. of Construction Engineering en_US
dc.description.irb American University in Cairo Institutional Review Board approval is not necessary for this item, since the research is not concerned with living human beings or bodily tissue samples. en_US
dc.contributor.committeeMember Hannoura, Atter
dc.contributor.committeeMember El Degwy, Khaled
dc.contributor.committeeMember Marzouk, Mohamed Mahdy
dc.contributor.committeeMember Waly, Ahmed
dc.contributor.committeeMember Abou Zeid, Mohamed Naguib

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  • Theses and Dissertations [1866]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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