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Publication(World Bank, Washington, DC, 2005-09) Queiroz, CesarIn many countries the private sector has been involved in financing infrastructure through concessions under a public-private partnership (PPP) program. PPP schemes, however, are somewhat underutilized in transition economies, where the potential financing gaps are significant and growing, and there seems to be an enormous potential for more private sector involvement in the financing and operation of highway assets in these countries. Institutions such as the World Bank can contribute to enhance private financing of road infrastructure through greater use of their guarantee power, in addition to supporting, when required, the public sector contribution to the construction cost of a PPP project through loans. Partial risk guarantees are particularly relevant in the context of seeking more private involvement in the financing of road infrastructure. This paper reviews potential applications of partial risk guarantees, the required legal framework (for example, concession law) for attracting private capital for PPP schemes, possible steps for a country to launch a program of private participation in highways, the concept of greenfield and road maintenance concession programs, and the treatment of unsolicited proposals. It also summarizes potential applications of the World Bank Toolkit for PPP in Highways as an instrument to help decision-makers and practitioners to define the best PPP approach for a specific country.
Publication(World Bank, Washington, DC, 2005-01) Bullock, RichardThis review is designed to assist the development community and policy makers in other countries who may be contemplating railway privatization. The report is principally concerned with the results of privatization rather than the processes or detailed concession structures, which have varied from country to country depending on diverse local circumstances. This report is concerned with the results of the African concessions. The report contains three main sections: (i) A summary of the background to railway development in sub-Saharan Africa to the start of the 1990's, together with a list of the railway privatizations and concessions undertaken over the last 10 years and a brief description of the main concessionaires; (ii) A more detailed presentation of the thirteen concessions, particularly the three which have been operating the longest ; (iii) An assessment of the overall results of railway privatization/concessioning.