An innovative interpretation of the DCFA evaluation criteria in the public-private partnership for the enhancement of the public property assets

Abstract

With reference to the public-private partnership procedures for the enhancement of the public property assets, in this paper an innovative methodology for assessing the financial conveniences of the parties involved (private investor and Public Administration) is proposed. The developed method borrows the most widely-used evaluation criteria for the verification of the investment financial sustainability, and through basic logical assumptions, it allows to define combinations of the financial performance indicators easily interpretable by the parties involved and to be used in the negotiation phases. The aim is to provide a rapid tool for the verification of the investment financial viability, through an original interpretation of the classic DCFA evaluation criteria, that could be more relevant to the typology of public-private partnership agreements for the territorial regeneration.