Publication:
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects

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dc.contributor.authorCuttaree, Vickram
dc.contributor.authorMandri-Perrott, Cledan
dc.date.accessioned2012-03-19T09:03:00Z
dc.date.available2012-03-19T09:03:00Z
dc.date.issued2011-02-24
dc.description.abstractThis study aims to help governments design sustainable Public-Private Partnership (PPP) strategies and projects in the context of the changed circumstances brought on by the global financial and economic crisis that began in the fall of 2008. The study analyses the impact and implication of the crisis on PPP infrastructure projects across the Europe and Central Asia (ECA) region. In the research undertaken for this study, it appears that most crisis-specific issues are cross-sectoral, therefore requiring cross-sectoral responses. The intended audience for this report includes national government stakeholders involved in infrastructure financing, including Ministries in charge of infrastructure, especially transport, energy, and water; state-owned enterprises with operational responsibilities, such as road directorates; and Ministries of Finance and development banks involved in PPP. This report reviewed the region's experience in PPPs in infrastructure before and during the financial crisis period (from late 2006 to 2010). Since not all ECA countries have had successful or ongoing PPP projects during this time, the report draws on lessons from Brazil, India, Spain, and the United Kingdom, countries with established PPP project pipelines to draw on cross-sectoral lessons. The findings can be used by countries wishing to start or re-start their PPP program following the impact of the recent crisis. However, beyond the crisis and its effects, the report can also guide future development of sustainable and crisis-resilient PPP programs. Most of the analysis supporting the report recommendations was undertaken for the highway sector and was financed through from a grant from the transport research support program. Initially, the highway sector was the focus of this study but the scope was later widened to include all infrastructure sectors because most issues facing highway PPP projects are common to other sectors requiring a cross-sectoral approach to PPP. Sector-specific strategies for highways have been documented in a recent World Bank study.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110408004101
dc.identifier.doi10.1596/978-0-8213-8703-0
dc.identifier.isbn978-0-8213-8703-0
dc.identifier.urihttps://hdl.handle.net/10986/2274
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADB
dc.subjectAIRPORT
dc.subjectAIRPORT EXPANSION
dc.subjectAIRPORTS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBALANCE­SHEET
dc.subjectBASIS POINT
dc.subjectBASIS POINTS
dc.subjectBID
dc.subjectBIDS
dc.subjectBOND INDEX
dc.subjectBOND ISSUE
dc.subjectBOND MARKET
dc.subjectBONDS
dc.subjectBRIDGE
dc.subjectBUDGET DEFICIT
dc.subjectBUDGETING
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL GRANT
dc.subjectCAPITAL GRANTS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENT PROGRAM
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH FLOW
dc.subjectCHECKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACT DESIGN
dc.subjectCOUNTRY RISK
dc.subjectCREDIBILITY
dc.subjectCREDIT MARKET
dc.subjectCREDIT RATING
dc.subjectCREDIT RATINGS
dc.subjectCURRENCY
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENCY DEVALUATION
dc.subjectDEBT
dc.subjectDEBT EXCHANGE
dc.subjectDEBT RATIOS
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICING
dc.subjectDEFAULT RISK
dc.subjectDEFICITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDRIVERS
dc.subjectDRIVING
dc.subjectEIB
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET BOND
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPORTERS
dc.subjectFINANCE INFRASTRUCTURE
dc.subjectFINANCES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFISCAL CONSTRAINTS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND YIELDS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT CAPACITY
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT FINANCING
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH-SPEED RAIL
dc.subjectHIGHWAY
dc.subjectHIGHWAY MAINTENANCE
dc.subjectHIGHWAY PROGRAM
dc.subjectHIGHWAY PROJECT
dc.subjectHIGHWAY PROJECTS
dc.subjectHIGHWAY REHABILITATION
dc.subjectHIGHWAYS
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE FUNDING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL AIRPORT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINVESTING
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTMENT SPENDING
dc.subjectINVESTMENT STRATEGY
dc.subjectINVESTOR CONFIDENCE
dc.subjectJUDICIAL ENFORCEMENT
dc.subjectLANES
dc.subjectLAWS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLENDERS
dc.subjectLIGHT RAIL
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL DEBT
dc.subjectLOCAL DEBT MARKET
dc.subjectLOCAL GOVERNMENT
dc.subjectLONG-TERM CAPITAL
dc.subjectLONG-TERM DEBT
dc.subjectLONG-TERM INVESTMENT
dc.subjectLONG-TERM INVESTORS
dc.subjectLONG-TERM LOANS
dc.subjectMARKET BORROWING
dc.subjectMARKET CONDITIONS
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET RISK
dc.subjectMARKET RISKS
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMINISTRY OF TRANSPORT
dc.subjectMONETARY FUND
dc.subjectMOTORWAYS
dc.subjectNATIONAL HIGHWAYS
dc.subjectOIL PRICES
dc.subjectPASSENGERS
dc.subjectPOTENTIAL INVESTMENT
dc.subjectPRESENT VALUE
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTOR
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE LOANS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPSP
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC BORROWING
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SECTOR INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectRAIL LINKS
dc.subjectRAIL PROJECTS
dc.subjectRAILWAY
dc.subjectRAILWAYS
dc.subjectRATES OF INFLATION
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY OVERSIGHT
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREMIUMS
dc.subjectROAD
dc.subjectROAD PROJECTS
dc.subjectROAD SECTOR
dc.subjectROAD TUNNEL
dc.subjectROADS
dc.subjectSAFETY
dc.subjectSAFETY NETS
dc.subjectSANITATION
dc.subjectSHARE OF INVESTMENT
dc.subjectSHARES OF INVESTMENT
dc.subjectSHORT-TERM BORROWING
dc.subjectSHORT-TERM DEBT
dc.subjectSOVEREIGN BONDS
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN ENTITIES
dc.subjectSOVEREIGN GUARANTEE
dc.subjectSTATE GUARANTEES
dc.subjectSUBSIDIARY
dc.subjectTAX
dc.subjectTAX SYSTEMS
dc.subjectTOLL
dc.subjectTOLL ROAD
dc.subjectTOLLS
dc.subjectTRAFFIC
dc.subjectTRAFFIC DEMAND
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT INVESTMENT
dc.subjectTRANSPORT INVESTMENTS
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT RESEARCH
dc.subjectTRANSPORT SECTOR
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectTREATY
dc.subjectTRUST FUND
dc.subjectTUNNEL
dc.subjectUNDERGROUND
dc.subjectURBAN TRANSPORT
dc.subjectVEHICLE
dc.subjectVEHICLES
dc.titlePublic-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projectsen
dspace.entity.typePublication
okr.date.disclosure2011-04-08
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110408004101
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.guid936481468283466115
okr.identifier.doi10.1596/978-0-8213-8703-0
okr.identifier.externaldocumentum000333037_20110408004101
okr.identifier.internaldocumentum14026089
okr.identifier.report60061
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/04/08/000333037_20110408004101/Rendered/PDF/600610PUB0REPL10Box358308B01PUBLIC1.pdfen
okr.region.administrativeEurope and Central Asia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicTransport
okr.unitTransport (ECSS5)
okr.volume1 of 1
relation.isAuthorOfPublication9b5a8c36-d336-55a3-8f2c-509708c3999c
relation.isAuthorOfPublication.latestForDiscovery9b5a8c36-d336-55a3-8f2c-509708c3999c
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