Management model


The public-private partnerships are a key part of the revitalization and transformation of Rome, the Eternal City, into a beacon for the Third Industrial Revolution.

Since 2011, Roma Capitale, along with other strategic partners, has set up the Roma Capitale Investments Foundation to promote, stimulate and carry out P3 projects - primarily working with public agencies and presenting development suggestions on partnerships with the private sector.

What are public-private partnerships (P3S)?

A public-private partnership is a legally binding contract between Roma Capitale and other government agencies and/or corporations for the supply of goods and services that assigns responsibilities and commercial risks between the various partners.
In a P3 agreement, our Foundation will be actively involved throughout the entire development and accomplishment of the project. The private sector is in charge of the commercial functions such as design, construction, finance and operations/ transactions.
P3S has different forms, with different levels of involvement of the public and private sectors - and different levels of risk in the public and private sectors. The transfer of risk from the public sector to the private sector is a critical element of all P3S. The goal is to combine the best capacities/powers of the public and private sectors for the benefit of all.

Which are the advantages of P3S for Roma Capitale and partners?

P3S gives the opportunity to improve the quality and the supply of services.
The core business of Government is to give political guidelines and to serve the public.
It should be a better situation to carry this out when the private sector takes responsibility for non-core functions such as management/direction and maintenance of buildings.
P3S can offer better cost-effectiveness returns than the traditional methods, making use of private sector innovation, experience and flexibility,
The resulting savings can be used to finance other necessary services.
Increasing the investments in public infrastructures, P3S can reduce commitments in the financial burden of Roma Capitale, helping to fulfil the gap between the need for infrastructure and the financial capacity of the City of Rome.
Risk reduction in the public sector.
Sharing the risk with the private partner, the public sector can better managed it.
Thanks to the better flexibility and the resources of the private partners, it is quicker to accomplish investment projects.
In addition, the availability of budget grows.
The transfer of risk to the private sector can reduce the risk to overshoot the budget of Roma Capitale due to unforeseen events during the delivery of the service.
As for contractual agreements, the services have a fixed price.
Making better use of resources.
In order to maximize the return on their investment and to take advantage of the business opportunities, the partners in the private sector are motivated to make better use of infrastructure.

Which are the advantages of P3S for the private sector?

P3S gives access to the private sector ensuring long-term investment opportunities.
The private partners can clinch a deal with the relative warranty and security of a public contract. Payment is provided thanks to a revenue co-parternship agreement or a splitting contract of property.
The P3S private sector partners can benefit from achieving efficiencies according to their management, technical staff, financial means and innovation. Expanding their P3 competences - or the expertise in a particular area - the private partners can even benefit additional business opportunities.

How are P3 partners selected?

The Foundation will choose P3 partners according to a fair and competitive public tender.
As a rule, the agency that supports the project asks to the private sector to submit proposals and plans the meetings according to the needs of the delivery service.
Proposals are sized up making sure they provide money value to taxpayers and protect the public interest.

Roma Capitale brand reputation - Introduction
The purpose of our foundation is to revitalize Rome, the Italian capital city.
Since 2011, Rome City Council - Roma Capitale, along with other strategic partners, has set up the Roma Capitale Investments Foundation to promote, stimulate and carry out complex projects such as P3S public-private partnerships.
Roma Capitale Investments Foundation was born out of the Rome City Council - Roma Capitale need to find the most appropriate and effective means to carry out complex projects of requalification of the city, in a spending review phase.
For this reason, the Foundation will use the public-private partnerships as a key part of the revitalization and transformation of Rome, the Eternal City, into a smart city of the new millennium.
The Foundation aims to be the legal instrument of dialogue with the City of Rome and the best International Investment Funds.
Rome City Council - Roma Capitale will be the only charter member of the Foundation that aims to develop innovative and sustainable projects for the city of Rome and business ventures - under the aegis of the brand Roma Capitale - that can be exported all over the world.
The Foundation will pursue this goal working with the private, public and non-profit organizations thanks to the instrument of the public-private partnerships. The goal is to combine the best capacities of the public and private sectors for the benefit of all.

Why Roma Capitale Investments Foundation and what for

The large international funds consider the brand Roma Capitale as an excellent instrument for public-private partnerships but, at the same time, they prefer to deal with this opportunity separately from the administrative context of the Rome City Council. For this reason, the idea is to set up a new legal entity, the Foundation, that could represent Roma Capitale out of the contexts of Roma Capitale administration.

Roma Capitale Investments Foundation Vision, Strategy and Execution
The Foundation aims to propose and carry out economically viable projects on behalf of the public interest. The firm and stated commitment to involve international investors cannot in any way be detached from the previous considerations.
The Foundation will use the public-private partnerships model as a key part of the revitalization and transformation of Rome, the Eternal City, into a smart city of the new millennium.
The public-private partnership is a legally binding contract between the public authority and private entities for the supply of goods and services. In a P3 agreement, our Foundation will be actively involved throughout the entire development and accomplishment of the project, while the private sector will be in charge of the commercial functions such as design, construction, finance and operations/ transactions.
The Foundation aims to propose and carry out economically-viable projects on behalf of the public interest. The firm and stated commitment to involve international investors cannot be in any way detached from the above considerations.
The Foundation will use the public-private partnerships as a key part of the revitalization and transformation of Rome, the Eternal City, into a smart city of the new millennium. The public-private partnership is a legally binding contract between the public authority and private entities for the supply of goods and services. In a P3 agreement, our Foundation will be actively involved throughout the entire development and accomplishment of the project, while the private sector will be in charge of the commercial functions such as design, construction, finance and operations/ transactions. The goal is to combine the best capacities of the public and private sectors for the benefit of all.
In P3S projects, on the one hand, Roma Capitale will set public policy on behalf of the common good for the city and the citizens. On the other hand, operators and private partners will provide their know-how in better and more effective planning and activation of the works.
P3S can offer better cost-effectiveness returns than the traditional methods, making use of private sector innovation, experience and flexibility. The resulting savings can be used to finance other necessary services.
The transfer of risk to the private sector can reduce the risk to overshoot the budget of Roma Capitale due to unforeseen events during the delivery of the service.
As for contractual agreements, the services have a fixed price. Making better use of resources. In order to maximize the return on their investment and to take advantage of the business opportunities, the partners in the private sector are motivated to make better use of infrastructure.

Which are the advantages of P3S for the private sector?

P3S gives access to the private sector ensuring long-term investment opportunities. The private partners can clinch a deal with the relative warranty and security of a public contract. Payment is provided for by a revenue co-parternship agreement or a splitting contract of property. The P3S private sector partners can benefit efficiencies according to their management, technical staff, financial means and innovation. Expanding their P3 competences - or the expertise in a particular area - the private partners can even benefit additional business opportunities.

Procedure:

If Roma Capitale and / or Institutional Members and Supporters and / or previously mentioned legal entities entrust the Foundation with the task of creating, promoting and / or carry out a specific project, the executive bodies of the Foundation shall be required to:

Evaluate and approve in advance the feasibility of the same;
Determine and approve, together with the Investment Fund, the economic value;
Set up, together with the Investment Fund, a company that is aimed at carrying out the project:

EXAMPLE 1) -
OFFERING COMPANY:
Roma Capitale;
FOUNDATION: Scientific Certification - Procedures - Permissions - Etc.;
INVESTMENT FUND: Investment and economic / financial Guarantee;
TO IDENTIFY - the accomplisher

EXAMPLE 2) - SPE
THE PROPONENT: Institutional Participant and / or Supporter;
SPE: The Foundation (Scientific Certification - Procedures - Permissions - Etc.) ;
INVESTMENT FUND: Investment and economic / financial Guarantee;
THE PROPONENT: the accomplisher

EXAMPLE 3) - SPE
THE PROPONENT: Institutional Participant and / or Supporter and /or legal entity;
THE FOUNDATION: Scientific Certification - Procedures - Permissions - Etc.;
INVESTMENT FUND: Investment and economic / financial Guarantee;
THE PROPONENT: the accomplisher

 
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