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Project of Public Private Partnership
Klouda, Lukáš ; Hurytová, Milena (referee) ; Korytárová, Jana (advisor)
This thesis is about the problems of PPP projects. These are the projects, whose realization is based on the partnership of the private and public sector. This way brings new possibilities how is building and management of public infrastructure more effective. In theoretical part the basic information concerning the problems of PPP projects is described, its advantages and disadvantages, basic characters and principles. In this thesis is described actual state of PPP projects in the Czech Republic. In practical part the thesis is about specific concession project, whose realization is considered. It is the project of construction and operation of cableway to Spilberk Castle. Within this part at first the entrance data for financial models have been found, after that the financial models have been count and the analysis of sensitivity has been finished. In conclusion the evaluation of project has been done and there was the recommendation how to realize the project.
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Methodical Approach to Evaluate the Efficiency of Road Infrastructure Construction using the PPP Projects
Doležal, Martin ; Póč, David (referee) ; Režňáková, Mária (advisor)
This diploma thesis analyses and elaborates a methodical tool for evaluating the advantage of realization of construction of road infrastructure in the form of a PPP project. Furthermore this tool is subsequent applied to a particular project. The introductory part summarizes the basic theoretical knowledge regarding the project financing in the form of public-private partnerships. In the following part, a methodological tool for comparing the value for money based on different methods of realization. In the last part of the diploma thesis, this methodical tool is applied to a specific project, including a basic feasibility study.
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Methodical Approach to Evaluate the Efficiency of Road Infrastructure Construction using the PPP Projects
Doležal, Martin ; Póč, David (referee) ; Režňáková, Mária (advisor)
This diploma thesis analyses and elaborates a methodical tool for evaluating the advantage of realization of construction of road infrastructure in the form of a PPP project. Furthermore this tool is subsequent applied to a particular project. The introductory part summarizes the basic theoretical knowledge regarding the project financing in the form of public-private partnerships. In the following part, a methodological tool for comparing the value for money based on different methods of realization. In the last part of the diploma thesis, this methodical tool is applied to a specific project, including a basic feasibility study.
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Selection of quantitative and qualitative methods for comprehensive evaluation of PPP projects
Jílek, Petr ; Toth, Petr (advisor) ; Peková, Jitka (referee) ; Luňák, Josef (referee)
Abstract Dissertation deals with theoretical concepts and providing the basis for the use of forms of financing and acquisition of public goods and services through partnerships between the public and private sectors, as well as PPP (Public Private Partnership). Suitability PPP project in this work is assessed primarily in terms of developing a new methodology for evaluating projects. The theoretical part of the thesis aims to clarify the issue of PPPs in the context of regional and local regional development theories, principles and mechanisms of PPP legislative and institutional backing of the PPP, clarify the distinction between PPP and public procurement procedures and current assessment of PPP projects. The practical part focuses on the development of a methodology using a selection of qualitative and quantitative methods for evaluating investments and to form a complex output that will clearly and distinctly testify about the appropriateness of using the PPP method. For this purpose it is used in work processes, which are normally used for business valuation-generators values, property valuation, yield valuation, valuation based on market analysis, combining technologies and their incorporation / recast in the current assessment methodology, which is based on a Public Sector Comparator and determinants of value for money
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Value for money jako nástroj hodnocení PPP projektů : mezinárodní srovnání a návrh úpravy metodiky pro hodnocení projektů v České republice /
Ostřížek, Jan
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.
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Project of Public Private Partnership
Klouda, Lukáš ; Hurytová, Milena (referee) ; Korytárová, Jana (advisor)
This thesis is about the problems of PPP projects. These are the projects, whose realization is based on the partnership of the private and public sector. This way brings new possibilities how is building and management of public infrastructure more effective. In theoretical part the basic information concerning the problems of PPP projects is described, its advantages and disadvantages, basic characters and principles. In this thesis is described actual state of PPP projects in the Czech Republic. In practical part the thesis is about specific concession project, whose realization is considered. It is the project of construction and operation of cableway to Spilberk Castle. Within this part at first the entrance data for financial models have been found, after that the financial models have been count and the analysis of sensitivity has been finished. In conclusion the evaluation of project has been done and there was the recommendation how to realize the project.
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Financing the expressways with special emphasis on public-private partnership form
Šprlák, Štefan ; Peková, Jitka (advisor) ; Matula, Miloš (referee)
Claiming that the state of transport infrastructure is an important indicator of country´s competitiveness, not many would polemicize. The question of an appropriate method of ensuring the infrastructure financing can, however, raise disagreement. The reality of regular deficit financing of public expenditure, combined with a view of gradually declining support for transport infrastructure from the EU funds, provides space for alternative forms of infrastructure provision also in Central Europe. The aim of this work is to point out the financing via public-private partnerships (i.e. PPP), which is currently not very used form in the region. I will highlight the advantages, disadvantages and risks associated with this form by evaluating the cost side of concrete implemented PPP project in Slovakia (R1 expressway) and validate the hypothesis that despite the method of funding transport infrastructure through PPP projects is more expensive than the public procurement case, the "value for money" factor compensates the higher price.
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Potential use of PPP at the reconstruction of prison in Uherské Hradiště
Gracová, Kateřina ; Sieber, Patrik (advisor) ; Hnilica, Jiří (referee)
The aim of my thesis is to consider the usage of PPP method by the reconstruction of the object of former prison in town Uherské Hradiště using the methodology of the Ministry of Finance of the Czech Republic. In the theoretical part the description of the PPP method and its features is given. In the practical part the simplified financial model for project is counted. The outcomes of the model should be taken from the public sector point of view as the basic source for making decision if PPP method is the most efficient for this project.
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Fuzzy and interval-probabilistic methods of risk assessment of the investment project implemented by public private partnership
Ostrouško, Viktorie ; Synek, Miloslav (advisor) ; Ivánek, Jiří (referee) ; Scholleová, Hana (referee)
The result of my dissertation justifies the use of fuzzy-sets theory to make a prediction of cost risk of a PPP project, when there is not enough information available to clearly describe the project, and, when the probability distributions of the variables that characterize the project are unknown. I showed that fuzzy-sets theory and linguistic variables may be effectively used in such a case. In this thesis were classified different types of uncertainty and investigated traditional methods for estimating efficiency of a investment project in conditions of uncertainty. On the basis of the analysis were offered new ways of conducting risk analysis for PPP projects with use of fuzzy sets theory. The main goal was to create an application model for risk assessment of the PPP project which, with a high degree of reliability, suggests a general assessment of situation. The goal set in my work was met. Model of risk assessment of the project proposed by me gives more stable results in comparison with the probabilistic model. For comparison were used different types of probability distribution functions and membership functions. The following conclusions and statements describe the novelty of the work on fuzzy logic and economic theory: develops a method of cash-flow (future expenditure connected with the appearance of risk) modeling of investment project in fuzzy environment, demonstrates the use of fuzzy sets theory in projects analyses and describes how to calculate and interpret this value, demonstrates example of the use of results applied to the analysis of infrastructure development project in Moscow, Russia. The possibility of using this method is not only in the analysis of infrastructure development projects, but also in realization of non-commercial projects by social institutes and government agencies.
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