<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2215-3705</journal-id>
<journal-title><![CDATA[Infraestructura Vial]]></journal-title>
<abbrev-journal-title><![CDATA[Infraestructura Vial]]></abbrev-journal-title>
<issn>2215-3705</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Costa Rica, Laboratorio Nacional de Materiales y Modelos Estructurales]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2215-37052017000200010</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Los conceptos de fondeo y financiamiento en el desarrollo de proyectos por medio de participación público-privada (PPP)]]></article-title>
<article-title xml:lang="en"><![CDATA[The concepts of funding and financing when developing projects through public private partnerships (PPP)]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Villalobos Carballo]]></surname>
<given-names><![CDATA[Federico]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,federico.villalobos@gmail.com  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<volume>19</volume>
<numero>34</numero>
<fpage>10</fpage>
<lpage>17</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_arttext&amp;pid=S2215-37052017000200010&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_abstract&amp;pid=S2215-37052017000200010&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_pdf&amp;pid=S2215-37052017000200010&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo principal de los modelos de participación público-privada (PPP) es su potencial introducir eficiencias a lo largo de la vida de los proyectos. Sin embargo, en condiciones de restricciones fiscales es común que los esquemas PPP se posicionen como la solución para desarrollar la obra pública que el Estado no puede financiar. En este sentido, es necesario aclarar que aún y cuando el sector privado asuma en su balance parte del financiamiento, alguien deberá pagar por servicios prestados. Aquí es donde se marca la diferencia entre fondeo y financiamiento. Las fuentes de fondeo se refieren al origen de los ingresos que generará el proyecto. Específicamente pueden ser pagos del usuario (tarifas), pagos del Estado (recursos de impuestos) o una combinación de ambos. El financiamiento corresponde a los recursos financieros que forman parte de la estructura de capital utilizada para el desarrollo del proyecto, es decir créditos, bonos, y aportes de accionistas. La diferenciación de ambos conceptos es clave en la toma de decisiones para desarrollar los proyectos de obra pública que requieren nuestras economías.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The main objective of Public Private Partnerships (PPP) models is to generate efficiency gains throughout the project lifecycle. However, in a budget- constrained environment, PPPs are viewed as a tool for developing the projects which the government able to finance. That said, it is important to distinguish the concepts of project funding and project financing. Funding refers to the sources of income to repay for the project investments during its life: taxes and tariffs. Financing refers to money invested. Broadly speaking, financing could take the form of public debt, private debt or private equity. Therefore, private money is not "free money" and funding will be needed to repay for it. Having a clear understanding of these elements is crucial within the decision-making process in public infrastructure development.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Participación Público-Privada]]></kwd>
<kwd lng="es"><![CDATA[PPP]]></kwd>
<kwd lng="es"><![CDATA[financiamiento]]></kwd>
<kwd lng="es"><![CDATA[infraestructura]]></kwd>
<kwd lng="en"><![CDATA[Public Private Partnerships]]></kwd>
<kwd lng="en"><![CDATA[PPP]]></kwd>
<kwd lng="en"><![CDATA[financing]]></kwd>
<kwd lng="en"><![CDATA[infrastructure]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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</article>
