Chapter 6
Example of Investments in the Formula
of Public-Private Partnership Using
the Heterodox Perspective
Referring to the previous chapters, this chapter presents a practical model of the
deliberations into the adequacy of the proposed heterodox approach in public finance
for the implementation of PPP projects. It points to the process of risk management
in PPP projects, taking into account the management objectives of various partners,
i.e. public and private, conventional and Islamic. The subject of the analysis is a
model of a healthcare institution specialising in the provision of highly specialised
medical services in the field of cardiac surgery and rehabilitation. The entity is located
in one of the countries of sub-Saharan Africa—Botswana. The specific location is
only intended to underline the specificities of emerging countries, especially in sub-
Saharan Africa, which may become new areas of interest to investors and require
the development of public finance management functions and rules. The sources of
information used to create the model are the results of research carried out, among
others at the Rhodes University in South Africa, within the framework of the research
project “Public-private partnership as a solution for the development of the health
care system in East Cape Province, SA” and at the Glasgow University (Scotland)
within the framework of the scientific project “Public-private partnership projects in
healthcare sector: Theoretical and practical implications for EU countries”. At the
same time, the knowledge of the medical sector, especially in the area of cardiac
surgery, is the result of 1.5-year scientific cooperation with a company operating in
this sector in Poland. As part of the funding of scientific and implementation research
by the City of Wroclaw, a research project entitled “Development of DCChS Medinet
sp. z o.o. and Public-Private Partnership” was carried out within the framework of
the Mozart Programme, and a project of internationalisation of this company has
been developed.
An example of an investment project is the establishment of a special purpose
vehicle (SPV) in Botswana. The shares are distributed as follows: Polish private
investor, Islamic private investor, Ministry of Health & Wellness of Botswana, any
public entity from Poland. The total value of the shares is USD 7 million, including:
© Springer Nature Switzerland AG 2019
H. Kociemska, Public-Private Partnership for Sub-Saharan Africa,
Advances in African Economic, Social and Political Development,
https://doi.org/10.1007/978-3-030-14753-2_6
155