Private Participation in Infrastructure Database

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This series reviews new private participation in infrastructure (PPI) projects.

Items in this collection

Now showing 1 - 10 of 22
  • Publication
    Private Investment in IDA Countries in the First Half of 2011 was Concentrated in a Few, Large Projects
    (World Bank, Washington, DC, 2012-03) Nicholas, Alexander
    In the first semester of 2011, three new projects reached financial closure in the International Development Association (IDA) countries of Lao PDR, Malawi and Zambia, representing investment commitments of US$1.042 billion. Investment in the first semester of 2011 decreased by 39 percent compared with the first semester of 2010, but was roughly on par with investment in the first semester of 2009. In the past five years, Investment in the first semester has generally been over US$1 billion, with the exception of the financial crisis of 2008. By number of projects, activity in 2011 decreased by 70 percent compared with the first semester of 2010 indicating fewer, larger projects. The three projects reaching financial closure were unique in that they were relatively large projects for IDA countries.
  • Publication
    Private Investment in Sub-Saharan Africa in the First Half of 2011 Increased Compared to Recent Years
    (World Bank, Washington, DC, 2012-02) Nicholas, Alexander
    In the first semester of 2011, three new projects reached financial closure in Sub-Saharan Africa, representing investment commitments of US$697 million. Investment in the first semester of 2011 increased by 27 percent compared with the first semester of 2010, and has risen steadily since the financial crisis of 2008. By number of projects, activity in 2011 decreased by 50 percent compared with the first semester of 2010 indicating fewer, larger projects. The three projects in Sub-Saharan Africa were notable for their use of financial products from multilateral and bilateral agencies.
  • Publication
    Private Activity in Infrastructure in East Asia and Pacific Declined for Third Consecutive Year in 2010
    (World Bank, Washington, DC, 2011-08) Parulekar, Koustubh
    In 2010, 36 infrastructure projects with private participation reached financial or contractual closing in seven low and middle-income countries, involving investment commitments of US$10.9 billion. Infrastructure projects implemented in the 1990-2009 period attracted new investment of US$4.3 billion, bringing total investment commitments to infrastructure in the region to US$15.2 billion in 2010. The activity in 2010 represents a 9 percent decline by investment and 45 percent drop by number of projects compared with 2009. Investments in new projects fell by 9 percent and in projects implemented in previous years by 10 percent compared with 2009.
  • Publication
    Investment in Energy Projects with Private Participation Remained at a Peak Level But Was Highly Concentrated in 2010
    (World Bank, Washington, DC, 2011-08) Perard, Edouard
    In 2010, 106 energy projects with private participation reached financial or contractual closure in 28 low- and middle-income countries, involving investment commitments of US$55.7 billion. In addition, energy projects implemented in 1990-2009 attracted new investment of US$14.2 billion, bringing total investment commitments to the energy sector to US$69.9 billion in 2010. Such level of activity represents a 4 percent drop by investment and a 25 percent decline by the number of projects from 2009. Private activity in energy remained close to a peak level in 2010. However, such activity was highly concentrated on a few countries. India alone attracted 54 percent of investment in the sector and 34 percent of new projects, and was the country that sustained investment in energy close to a peak level. If India were excluded, investment in energy in developing countries would have fallen by 50 percent in 2010 compared with 2009. In addition, the four top countries (adding Brazil, Russian Federation, and Turkey to the list) accounted for 77 percent of investment and 58 percent of new projects. By type of business, private activity remained highly concentrated on electricity generation projects, which accounted for 75 percent of investment and 82 percent of new projects in 2010.
  • Publication
    Private Activity in Infrastructure Remained at Peak Levels and Highly Selective in 2010
    (World Bank, Washington, DC, 2011-08) Izaguirre, Ada Karina
    In 2010, 231 infrastructure projects with private participation reached financial or contractual closing in 41 low and middle-income countries. Infrastructure projects implemented in 1990?2009 had additional commitments of US$82.5 billion, bringing total investment in 2010 to US$170 billion. Public Private Infrastructure (PPI) activity in 2010, however, was highly concentrated in just one country: India. This country, which has been a top recipient of PPI activity since 2006, implemented 95 new projects and attracted total investment of US$74.4 billion in 2010, doubling its level of activity from 2009.
  • Publication
    Private Activity in Infrastructure in Europe and Central Asia Remained Stable in 2010
    (World Bank, Washington, DC, 2011-08) Parulekar, Koustubh
    In 2010, 23 infrastructure projects with private participation reached financial or contractual closing in five low- and middle-income countries in Europe and Central Asia, involving investment commitments of US$14.8 billion. Infrastructure projects implemented in the 1990-2009 period attracted new investment of US$12.8 billion, bringing total investment commitments to infrastructure sectors to US$27.6 billion in 2010. Public Private Infrastructure (PPI) activity was also concentrated on green field projects, which accounted for 12 of the 23 new projects and attracted 74 percent of regional investment in 2010.
  • Publication
    Investment in New Private Infrastructure Projects in Developing Countries Slowed Down in the First Quarter of 2010
    (World Bank, Washington, DC, 2010-09) World Bank
    Investment commitments to new infrastructure projects with private participation (PPI projects) reaching closure in developing countries fell by 25 percent in the first quarter of 2010 compared with the same quarter of 2009. The absence of unusually large projects (US$4 billion or more), such as those that reached closure in the first quarter of 2009, explains the investment decline. If those projects were excluded, investment would have grown 17 percent in the first quarter of 2010 compared with the same quarter in 2009. New PPI activity was concentrated in India, which accounted for more than half of investment in the first quarter of 2010. Three other large economies (Brazil, China, and Turkey) saw lower investment in this quarter than in the same quarter of 2009. The remaining developing countries saw some investment growth. By sector, energy continued to account for the bulk of new investment despite the investment drop in the first quarter of 2010. In transport, investment was stable compared with the first quarter of 2009. In water and sewerage investment grew although it remained at a very low level. Across sectors, new private activity, as measured by the number of projects, fell by 25 percent in the first quarter of 2010 compared with the same quarter of 2009.
  • Publication
    Investment in New Private Infrastructure Projects in Developing Countries Slowed Down in the First Quarter of 2010
    (World Bank, Washington, DC, 2010-09) World Bank
    This review sheds some light on recent private participation in infrastructure (PPI) activity, the short-term impact of the financial crisis and its aftermath. Compared with the previous update on the impact of the crisis, this note incorporates two improvements: a larger sample size (1,080 projects, up from 965 in the previous update) over a longer period (from January 2008 to March 2010). The findings of the survey show that investment growth in PPI projects continues to be concentrated in the largest developing economies, particularly India. The remaining developing countries saw some investment recovery in the first quarter of 2010. However, it is too soon to assess whether this recovery will continue and reverse the trend of declining investment in these countries.
  • Publication
    Assessment of the Impact of the Crisis on New PPI Projects : Update Six
    (Washington, DC, 2010-05) World Bank
    Investment commitments to new infrastructure projects with private participation (PPI projects) reaching closure in developing countries grew by 15 percent in the fourth quarter of 2009 compared with the same period of 2008-and by 15 percent in 2009 as a whole. These growth rates indicate a strong recovery from the 45 percent drop in investment commitments in the second half of 2008 compared with the same period of 2007. But investment continued to grow selectively, concentrated in large energy projects in a few countries-Brazil, China, India, and Turkey. The crisis continues to affect new PPI activity. Some planned projects are still being delayed, restructured, or, to a lesser extent, canceled. Transport continues to be the most affected sector, Europe and Central Asia the most affected region, and low-income countries the most affected country income group. Despite the more difficult environment, developing country governments remain committed to their public-private partnership (PPP) programs, as confirmed by the number of new projects that were being tendered, awarded, or restructured in the fourth quarter of 2009. Commercial bank lending remains constrained, and the choices of investors and financiers continue to reflect the 'flight to quality.' For projects able to raise financing, the conditions are more stringent, with a higher cost of debt, lower debt/equity ratios, shorter tenors, and more conservative structures. But the impact of the crisis has varied across countries, depending on whether there is an active local financial market and whether the government has taken proactive measures to foster liquidity.
  • Publication
    Assessment of the Impact of the Crisis on New PPI Projects : Update Five
    (Washington, DC, 2010-02) World Bank
    Investment commitments to infrastructure projects with private participation (Private Participation in Infrastructure (PPI) projects) reaching closure in developing countries grew by 22 percent in the third quarter of 2009, and by 10 percent in the first three quarters of the year, compared with the same periods of 2008. These growth rates indicate a strong recovery from the 54 percent decline in the second half of 2008 compared with the same period of 2007. But investment grew selectively, concentrated in large energy projects in a few countries: Brazil, India, and Turkey. The Russian Federation, by contrast, saw a sharp decline in investment as a result of the global financial crisis and the end of the RAO UES privatization program. If these four countries were excluded, investment in developing countries would have fallen by 49 percent in the third quarter of 2009, and by 5 percent in the first three quarters, compared with the same periods of 2008. Among sectors, energy was the only one with investment growth in 2009, thanks to activity in greenfield power plants. Across sectors, large projects (US$500 million or more) accounted for the investment growth. Private activity as measured by number of projects remained slower than before the full onset of the financial crisis. The number of projects reaching closure was 27 percent lower in the third quarter of 2009, and 10 percent lower in the first three quarters, than in the same periods of 2008. These trends suggest greater project selectivity. Indeed, the large projects that are reaching closure are characterized by strong economic and financial fundamentals and the backing of financially solid sponsors and governments.