Publication: Investment in New Private Infrastructure Projects in Developing Countries Slowed Down in the First Quarter of 2010
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2010-09
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2010-09
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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.
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“World Bank. 2010. Investment in New Private Infrastructure Projects in Developing Countries Slowed Down in the First Quarter of 2010. PPI Data Update; No. 38. © World Bank. http://hdl.handle.net/10986/10918 License: CC BY 3.0 IGO.”
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Publication Investment in New Private Infrastructure Projects in Developing Countries Slowed Down in the First Quarter of 2010(World Bank, Washington, DC, 2010-09)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 Energy Projects with Private Participation Remained at a Peak Level But Was Highly Concentrated in 2010(World Bank, Washington, DC, 2011-08)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 in Europe and Central Asia Remained Stable in 2010(World Bank, Washington, DC, 2011-08)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 Private Activity in Infrastructure Remained at Peak Levels and Highly Selective in 2010(World Bank, Washington, DC, 2011-08)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 East Asia and Pacific Declined for Third Consecutive Year in 2010(World Bank, Washington, DC, 2011-08)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.
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