-


,
.. ,
( 7 )
:
;
;

//
(DBFO)
(. )
2


,
(% )

,
(% )

2%
3%3%

13%
8%

31%
40%

19%
18%

37%

26%

10 .

10 -25 .

25 - 50 .

50 .


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Partnerschaften Deutschland


-
2002 .

(PPP Task Force at the NRW Finance Ministry)

:



PR

:


( )
8

. ,
(Vfm)

12

,,

20 - 30

5 - 8

value for
money

2-3

: 12-18
10


(, PWC, E&Y)
:

11




1.
2.

1.
2.
3.
4.
5.

(50 - 60%);
;
;
;

12

(Special Purpose Company)

(
)

13

(forfeiting)

:

( , )

20 .

5- 20 .

:
-

14

3.

7.

(,

)

1.

8.
6.
5.
2.

(Special
Purpose
Company)

4.
,

9.

15

3.

6.

(,

)

3.
7.
4.
2.

1.

(Special
Purpose
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3.

5.
16

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17


(1)
Public sector comparator -
,
(Value for Money):


( )
:

18


(2)

( )
:
- , ,

. (DBFO)
Value for money of PPP model
Vfm ( % NPV)
2,1 10 %
Vfm
10,3 %
Vfm /
:
12,5 %

19



(Transaction Advisors), , PWC, E&Y

:



Microsoft Office Excel

:
/

20

 (1)

21

 (2)

( )

(Special Purpose Vehicle)
,

22

 (3)
/

:

9 :
,

9 ,

9 :
+
9 :

23

:
(value for money)
(risk evaluation and allocation)
(contract management)
(manage variations)

24

:

, , ;

:
,

2 ,

,


:
Public Sector Comparator
Value for money

25

26