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Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia
(World Bank, Washington, DC, 2009-06) Monsalve, Carolina
Facing fiscal constraints, many governments in Central and Eastern Europe and Southeastern Europe have pursued private finance for transport infrastructure more to move investments off budget than to improve efficiency and services. Results have been mixed and suggest a need to focus more on public-private partnerships (PPPs) that can achieve value for money. Today's economic environment will reduce the potential for PPP projects in the short term. Some PPP projects at an advanced stage of procurement may need additional public support, while ambitious projects may need to be phased to reduce their scale to what the market can absorb.
Are Brownfield Concessions Poised for a Comeback? New Signs of Life After a Decade in Decline
(World Bank, Washington, DC, 2008-05) Leigland, James
Once expected to be the signature contract of private participation in infrastructure and for a time its fastest growing form, the brown field concession was hit hard by the Asian crisis and has never recovered. Because these contracts involve existing, usually dilapidated government assets, brown field concessions tackled the toughest infrastructure problems in the developing world. But the Asian crisis exposed the fragility of this mechanism, and its sudden unpopularity almost single-handedly crashed the developing world market for private participation in infrastructure.
Private Participation in Infrastructure in Europe and Central Asia : A Look at Recent Trends
(World Bank, Washington, DC, 2007-08) Vagliasindi, Maria; Izaguirre, Ada Karina
This note asserts that Eastern Europe and Central Asia is attracting more investment to infrastructure projects with private participation than any other developing region except Latin America. Members of the European Union (EU) and countries seeking membership account for most of the investment. The Russian Federation is emerging as a leader both in attracting private activity and in sponsoring projects in neighboring countries. Telecommunications and energy are the leading sectors. But new regulatory challenges are emerging as a result of exclusivity periods in telecommunications and greater market concentration and vertical reintegration in energy.
The Growing and Evolving Business of Private Participation in Airports : New Trends, New Actors Emerging
(World Bank, Washington, DC, 2006-09) Andrew, Doug; Dochia, Silviu
Private sector management and financing of airports has continued to expand in developing countries. Long-term concessions for airports are the predominant model today, with governments often taking a minority shareholding in the venture. Careful attention to policy design, regulatory issues, and management of concessions will continue to be important in ensuring that private participation delivers efficient and effective airport infrastructure services.
Reform, Private Capital Needed to Develop Infrastructure in Africa : Problems and Prospects for Private Participation
(World Bank, Washington, DC, 2006-05) Leigland, James; Butterfield, William
In Sub-Saharan Africa, the overwhelming need for infrastructure has motivated regional economic organizations to push for an ambitious agenda of private participation. But to begin solving Africa's infrastructure investment problems will also require broad institutional reform along with greater financial commitments by governments and donors. The private sector appears capable of supplying only a fraction of the estimated US$5-12 billion a year in additional infrastructure finance that Africa needs to meet its Millennium Development Goals for infrastructure. Meeting Africa's infrastructure development challenges will require substantial increases in government budgetary allocations and official development assistance.