Análisis costo-beneficio integral para evaluar la conveniencia de aplicar esquemas de asociaciones público-privadas en América Latina y el Caribe

Hinojosa, Sergio A.; Mascle-Allemand, Anne-Laure; Martínez, Daniel Vieitez

doi:10.18235/0002397

Cited by 1 publication

(2 citation statements)

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“…Mexico uses SCBA, eligibility, risk and VfM analysis across the board at federal level, although regional governments may only provide a SCBA to comply with federal and state law (Benitez, 2013;Hinojosa, 2013).…”

Section: Before and After Vfm Proceduresmentioning

confidence: 99%

“…(Grimsey and Lewis, 2005). Alternatively, Monte Carlo statistical simulation can integrate a series of project risks simultaneously, using the past behaviour of key benefit and cost parameters, although the selection of the shapes of probability distributions and the upper and lower limits are subjective and the methodology requires that the parameters included behave independently of each other, which is a strong assumption (Hinojosa, 2013, Oliveira-Cruz and Cunha-Marques, 2013, Partnerships Victoria, 2003.…”

Section: Risk Analysismentioning

confidence: 99%

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Value for Money in Mexico? Including the Missing Risks in Infrastructure Project Evaluation

Heald

2019

IJEFI

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According to economists and financiers of multilateral organizations, banks and consultancies, "Public Private Partnerships" are the answer to traditional inefficiencies in infrastructure procurement, providing "Value for Money (VfM)." While that proposition requires corroboration, so does the reliability of the methodology underlying the measurement of it, especially before project implementation with a view to improving current investment decisions, but also after, to appraise impact and improve future infrastructure procurement. Based on a review of the international literature on infrastructure evaluation together with direct experience by the author of Mexican procurement, the article makes specific recommendations for rebalancing the economic measurement of risk and VfM. It does so by including missing risks, flexibility and stakeholders in the VfM calculation. The proposal is timely considering the erosion of public confidence in the VfM methodology and the inclination of stakeholders to avoid appraisal obligations and public scrutiny.

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Section: Before and After Vfm Proceduresmentioning

confidence: 99%

Section: Risk Analysismentioning

confidence: 99%