Private Participation in Infrastructure Database
69 items available
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This series reviews new private participation in infrastructure (PPI) projects.
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Publication
Investment Commitments to Telecommunications Continued at Peak Levels in 2008
(World Bank, Washington, DC, 2009-11)Investment commitments to telecommunications projects with private participation in low- and middle-income countries amounted to US$78.1 billion in 2008, according to just-released data from the Private Participation in Infrastructure Project database. This level of investment commitments (hereafter, investment) represents an increase of around 1 percent from the previous peak reached in 2007. As before, investment was driven by projects implemented in previous years. Projects that reached financial closure in 1990-2007 attracted investment of US$74.7 billion, while new projects implemented in 2008 accounted for US$3.4 billion. Investment in physical assets (that is, network expansion) grew by 7 percent to US$71.6 billion, reaching a new peak for the fourth consecutive year. Payments to the government (such as spectrum or concession fees and divestiture revenues) fell by 37 percent to US$6.5 billion, the lowest level since 2004. The data do not allow the separation by semester of additional investment in existing projects to see whether such investment slowed in the second half of the year with the full onset of the financial crisis. But its slower growth in 2008 as a whole compared with the previous four years suggests a more cautious approach to capital expenditure. -
Publication
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels
(World Bank, Washington, DC, 2009-11)Private activity in transport declined in 2008, with the full onset of the financial crisis driving a slowdown in the second half of the year. Yet while investment commitments to transport projects with private participation were down from the peak levels of the previous two years, they remained strong at the third highest level in 1990-2008. In 2008, 56 transport projects with private participation reached financial or contractual closure in 26 low- and middle-income countries. These involve investment commitments (hereafter, investment) of US$23.1 billion. Transport projects implemented in previous years had additional commitments of US$2.9 billion, bringing total investment in 2008 to US$26 billion. That represents a drop of 10 percent from the level reported in 2007. Lower payments to governments (such as concession or lease fees and divestiture revenues) account for the decline. By contrast, investments in physical assets, which amounted to US$22.6 billion in 2008, were up 3 percent from those reported in 2007. The number of projects continued a marked declining trend. The 56 projects reaching closure in 2008 reflected a 40 percent decline from the level in 2007 and a 53 percent drop from that in 2006. The closure of larger projects explains the divergence in trends between investments and number of projects. The average project size grew from US$150 million in 2004 to US$410 million in 2008, while the median rose from US$57 million to US$230 million.