E.R. Yescombe & Edward Farquharson

Public-Private Partnerships for Infrastructure:

Principles of Policy & Finance

2nd Edition, June 2018

Oxford: Butterworth-Heinemann 2018
ISBN: 978-0081007662

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook:


"As noted in this splendid book, the "devil is in the detail" in order to achieve successful PPPs. Well, this book has that detail. Excellent, practical guidance for all those interested in designing and implementing PPPs, from two authors who’ve worked closely with policymakers, investors, financiers, operators and civil society."Laurence Carter, Senior Director for Infrastructure, Public-Private Partnerships, and Guarantees, World Bank (IPG Group)

"A generation of PPP experts have been bought up on this important book, the rework by Yescombe and Farquharson will ensure that it is fit for the next generation as well. Highly recommended."Christopher Heathcote, CEO, Global Infrastructure Hub

"Public-Private Partnerships (PPPs) are increasingly being utilised as a global method of procurement - yet their successful implementation relies on sufficient knowledge and delivery capacity in both the public and the private sector. Yescombe and Farquharson’s new, expanded and fully comprehensive volume covering all aspects of the PPP process from initial procurement, valuation and financing will be a crucial tool providing not only education to those newly engaged in PPPs but also as a 'go-to' reference source to current practitioners in respect both of policy and finance issues. This clear and well written guide incorporates both the authors’ full understanding of the basic concepts as well as exhibiting their practical knowledge of delivery issues. Certainly a book I will be recommending to others as well as dipping into myself from time to time. Well done on making a key contribution to long term investment in infrastructure, delivering value for money, whole of life costed and quality controlled assets!"Julia Prescot, Commissioner, UK National Infrastructure Commission; Chief Strategy Officer, Meridiam Infrastructure

"Yescombe’s book has been the essential text book for my students and the go-to user manual for my practitioner advisees for the past decade. This new edition expands the scope even further by including both the private and public perspectives, while maintaining its rich breadth of financial structures and analyses."Akash Deep, Kennedy School of Government, Harvard University

"Public-Private Partnerships are now an indispensable tool in the modern public finance practitioner's toolkit. Public-Private Partnerships for Infrastructure is the definitive treatment of the financial, legal, and governance details of this essential subject."Justin Marlowe, Evans School of Public Policy and Governance, University of Washington

"Public-Private Partnerships for Infrastructure by Yescombe and his co-author Farquharson is a sophisticated and comprehensive treatment of public-private partnerships and their financing. Yescombe’s Principles of Project Finance has long been the best available text on project finance, and this new volume will occupy a similar position in the literature on public-private partnerships."Robert Sheppard, Darla Moore School of Business, University of South Carolina

Detailed review by the Global Infrastructure Hub

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