Publication:
Private Sector Involvement in Road Financing

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dc.contributor.authorBrocklebank, Peter
dc.date.accessioned2015-03-10T19:50:23Z
dc.date.available2015-03-10T19:50:23Z
dc.date.issued2014-12
dc.description.abstractAchieving private sector involvement in financing, provision and management of roads requires specialized legal and institutional frameworks, public sector expertise, advisor support and sustained political commitment. In many African States, there is little experience of private sector involvement in the road sector but there is encouragement to promote such involvement from development partners. Increased private sector involvement in public sector procurement has been for many years an important aspect of the infrastructure investment policy of development partners, such as the World Bank and the African Development Bank. Public Private Partnerships (PPPs) are one of a number of initiatives being pursued within Africa, in relation to road sector reforms. In particular, the road sector reforms under the Road Management Initiative (RMI), launched in 1988 by the SSATP and the World Bank, in collaboration with other development partners have sought to improve road service delivery by reforming public sector institutions and legislation through clearly defined responsibility, ownership, stable financing and commercialized road management. Section two of this paper provides the general requirements for private sector involvement in road financing, provision and management, including contractual and procurement issues. Section 3 introduces the three case study projects. Sections four, five, and six provide the findings of the case studies undertaken in Dakar, Accra and Lagos respectively. Section seven summarizes the conclusions of key issues and policy guidance from the case study analysis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23853789/private-sector-involvement-road-financing
dc.identifier.doi10.1596/21572
dc.identifier.urihttps://hdl.handle.net/10986/21572
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSub-Saharan Africa Transport Policy Program (SSATP) discussion paper;no. 102
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCELERATION
dc.subjectACCESS ROAD
dc.subjectACCIDENT RATES
dc.subjectACCIDENT RISK
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectAIRPORT
dc.subjectALLOCATION OF RISKS
dc.subjectALTERNATIVE ROUTE
dc.subjectARBITRATION BODY
dc.subjectAVERAGE DAILY TRAFFIC
dc.subjectAVERAGE SPEED
dc.subjectBITUMEN
dc.subjectBRIDGE
dc.subjectBRIDGES
dc.subjectBUSES
dc.subjectBYPASSES
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAR
dc.subjectCAR OWNERSHIP
dc.subjectCAR USERS
dc.subjectCARRIAGEWAY
dc.subjectCARS
dc.subjectCATCHMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LENDERS
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVE BIDDING PROCEDURES
dc.subjectCOMPETITIVE BIDDING PROCESS
dc.subjectCONCESSION
dc.subjectCONCESSION AGREEMENTS
dc.subjectCONCESSION CONTRACT
dc.subjectCONCESSION MODEL
dc.subjectCONCESSION PROJECT
dc.subjectCONCESSIONS
dc.subjectCONGESTION
dc.subjectCONTRACT MANAGEMENT
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICING
dc.subjectDIVIDEND PAYMENTS
dc.subjectDUAL CARRIAGEWAYS
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC APPRAISAL
dc.subjectECONOMIC BENEFITS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEFFICIENT ALLOCATION
dc.subjectEQUITY PARTNERS
dc.subjectESCALATION FORMULA
dc.subjectEXCHANGE RATE
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL ADVISOR
dc.subjectFINANCIAL CLOSURE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL RISKS
dc.subjectFUEL
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT PAYMENTS
dc.subjectGRADE
dc.subjectGREENHOUSE GASES
dc.subjectHIGHWAY
dc.subjectHIGHWAY AUTHORITY
dc.subjectHIGHWAY CONSTRUCTION
dc.subjectHIGHWAY CORRIDOR
dc.subjectHIGHWAY IMPROVEMENTS
dc.subjectHIGHWAY INVESTMENT
dc.subjectHIGHWAY INVESTMENTS
dc.subjectHIGHWAY NETWORK
dc.subjectHIGHWAY PROJECT
dc.subjectHIGHWAY TOLL
dc.subjectHIGHWAY USERS
dc.subjectHIGHWAYS
dc.subjectHIGHWAY­REVENUE
dc.subjectINCOME
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURES
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL FRAMEWORKS
dc.subjectINSURANCE
dc.subjectINTERCHANGES
dc.subjectINTERNATIONAL AIRPORT
dc.subjectINTERNATIONAL ARBITRATION
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL TRAVEL
dc.subjectINTERSECTION
dc.subjectINTERSECTIONS
dc.subjectINVESTMENT PROGRAM
dc.subjectJOURNEY
dc.subjectJOURNEY TIME
dc.subjectJUDGMENT
dc.subjectJURISDICTIONS
dc.subjectLAND ACQUISITION
dc.subjectLAND TRANSPORT
dc.subjectLAND USE
dc.subjectLANES
dc.subjectLEASE AGREEMENTS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLOAN
dc.subjectLOCAL AUTHORITIES
dc.subjectLOCAL TRAFFIC
dc.subjectLONG-DISTANCE
dc.subjectMAIN ROAD
dc.subjectMAINTENANCE COSTS
dc.subjectMANAGEMENT CONTRACTS
dc.subjectMANAGEMENT OF INFRASTRUCTURE
dc.subjectMARITIME TRANSPORT
dc.subjectMIXED TRAFFIC
dc.subjectMOTORCYCLES
dc.subjectNEGOTIATIONS
dc.subjectNET PRESENT VALUE
dc.subjectPAYMENT MECHANISMS
dc.subjectPCU
dc.subjectPEDESTRIANS
dc.subjectPOLLUTION
dc.subjectPRESENT VALUE
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE PARTY
dc.subjectPRIVATE SECTOR DEBT
dc.subjectPRIVATE SECTOR INVOLVEMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATIZATION
dc.subjectPROCUREMENT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCING
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC PRIVATE INFRASTRUCTURE
dc.subjectPUBLIC PRIVATE PARTNERSHIPS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC ­ PRIVATE PARTNERSHIPS
dc.subjectRAIL LINK
dc.subjectRAPID RAIL
dc.subjectRATE OF RETURN
dc.subjectREGIONAL TRANSPORTATION
dc.subjectRESETTLEMENT
dc.subjectRIGHT OF WAY
dc.subjectRIGHT-OF-WAY
dc.subjectRISK ALLOCATION
dc.subjectRISK SHARING
dc.subjectRISK TRANSFER
dc.subjectRMI
dc.subjectROAD
dc.subjectROAD CONSTRUCTION
dc.subjectROAD FINANCING
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD INVESTMENT
dc.subjectROAD MAINTENANCE
dc.subjectROAD MANAGEMENT
dc.subjectROAD NETWORK
dc.subjectROAD PROJECTS
dc.subjectROAD SAFETY
dc.subjectROAD SECTOR
dc.subjectROAD TUNNEL
dc.subjectROAD TYPE
dc.subjectROAD TYPES
dc.subjectROAD USER
dc.subjectROAD USERS
dc.subjectROADS
dc.subjectROUTE
dc.subjectROUTES
dc.subjectSAFETY
dc.subjectSERVICE CONTRACTS
dc.subjectSHADOW TOLLS
dc.subjectSOCIAL IMPACT ASSESSMENT
dc.subjectSOVEREIGN GUARANTEES
dc.subjectSUBURBS
dc.subjectTAX
dc.subjectTAXI DRIVERS
dc.subjectTAXIS
dc.subjectTENDER DOCUMENTS
dc.subjectTOLL
dc.subjectTOLL COLLECTION
dc.subjectTOLL HIGHWAY
dc.subjectTOLL PLAZA
dc.subjectTOLL PLAZAS
dc.subjectTOLL RATES
dc.subjectTOLL REVENUES
dc.subjectTOLL ROAD
dc.subjectTOLL ROAD CONCESSIONS
dc.subjectTOLL ROAD OPERATING COMPANY
dc.subjectTOLL ROAD PROJECTS
dc.subjectTOLL ROADS
dc.subjectTOLLS
dc.subjectTRAFFIC
dc.subjectTRAFFIC COMPOSITION
dc.subjectTRAFFIC COUNTS
dc.subjectTRAFFIC DELAYS
dc.subjectTRAFFIC FORECASTS
dc.subjectTRAFFIC MANAGEMENT
dc.subjectTRAFFIC MANAGEMENT MEASURES
dc.subjectTRAFFIC RISK
dc.subjectTRAFFIC VOLUME
dc.subjectTRAFFIC VOLUMES
dc.subjectTRANSACTION COSTS
dc.subjectTRANSFER CONCESSIONS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT PLANNING
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORT POLICY FRAMEWORK
dc.subjectTRANSPORT POLICY GOALS
dc.subjectTRANSPORT POLICY OBJECTIVES
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORTATION STRATEGIES
dc.subjectTRANSPORTS
dc.subjectTRAVEL TIME
dc.subjectTRAVEL TIMES
dc.subjectTRAVELERS
dc.subjectTRUCKS
dc.subjectTRUNK ROADS
dc.subjectTUNNEL CROSSING
dc.subjectTYPES OF ROAD
dc.subjectURBAN HIGHWAY
dc.subjectVEHICLE
dc.subjectVEHICLE OPERATING
dc.subjectVEHICLE OPERATING COSTS
dc.subjectVEHICLES
dc.subjectWEALTH
dc.titlePrivate Sector Involvement in Road Financingen
dspace.entity.typePublication
okr.date.disclosure2015-01-22
okr.date.doiregistration2025-05-05T11:30:01.848937Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/23853789/private-sector-involvement-road-financing
okr.globalpracticeTransport and ICT
okr.guid776191468338369513
okr.identifier.externaldocumentum000333037_20150122084112
okr.identifier.internaldocumentum23853789
okr.identifier.report93778
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/01/22/000333037_20150122084112/Rendered/PDF/937780NWP00PUB0aper00SSATPWP1020PPP.pdfen
okr.region.geographicalSub-Saharan Africa
okr.topicTransport Economics Policy and Planning
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicRoads and Highways
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicTransport
okr.unitTransport & ICT - GP (GTIDR)
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