Publication:
Procurement Efficiency for Infrastructure Development and Financial Needs Reassessed

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dc.contributor.authorEstache, Antonio
dc.contributor.authorIimi, Atsushi
dc.date.accessioned2012-06-01T15:19:36Z
dc.date.available2012-06-01T15:19:36Z
dc.date.issued2008-07
dc.description.abstractInfrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/07/9646019/procurement-efficiency-infrastructure-development-financial-needs-reassessed
dc.identifier.doi10.1596/1813-9450-4662
dc.identifier.urihttps://hdl.handle.net/10986/6854
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper No. 4662
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectASYMMETRIC INFORMATION
dc.subjectAUCTION
dc.subjectAUCTION DESIGN
dc.subjectAUCTION MARKETS
dc.subjectAUCTIONS
dc.subjectBENEFICIARIES
dc.subjectBID
dc.subjectBID PRICE
dc.subjectBIDDERS
dc.subjectBIDDING
dc.subjectBIDS
dc.subjectBOND UNDERWRITERS
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectCOMMODITY
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVENESS
dc.subjectCONCESSION
dc.subjectCONTRACT DESIGN
dc.subjectDATA COVERAGE
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEBT REPAYMENTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIGITAL ASSISTANTS
dc.subjectDISBURSEMENT
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectEAST EUROPE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INFRASTRUCTURE
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY GENERATORS
dc.subjectELECTRICITY INFRASTRUCTURE
dc.subjectELECTRICITY SECTOR
dc.subjectENTERPRISE SURVEY
dc.subjectENTERPRISE SURVEYS
dc.subjectEQUIPMENT
dc.subjectEXTERNAL BORROWINGS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL RESOURCES
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN FIRMS
dc.subjectGENERATION
dc.subjectGENERATORS
dc.subjectGOVERNMENT CONTRACT
dc.subjectGOVERNMENT CONTRACTS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectHEALTH EDUCATION
dc.subjectHIGHWAY
dc.subjectHIGHWAY CONSTRUCTION
dc.subjectHOLDING
dc.subjectHOST COUNTRY
dc.subjectHUMAN CAPITAL
dc.subjectIMPLEMENTATION PLAN
dc.subjectINFORMAL PAYMENT
dc.subjectINFRASTRUCTURE CAPACITY
dc.subjectINFRASTRUCTURE CONTRACT
dc.subjectINFRASTRUCTURE COST
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE DEVELOPMENT PROJECTS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE SECTOR
dc.subjectINFRASTRUCTURE SERVICES
dc.subjectINFRASTRUCTURE SPENDING
dc.subjectINFRASTRUCTURES
dc.subjectINSTALLATION
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT COSTS
dc.subjectINVESTMENT NEEDS
dc.subjectLANES
dc.subjectLENGTH OF ROAD
dc.subjectLENGTH OF ROADS
dc.subjectLEVEL OF COMPETITION
dc.subjectLOCAL BUSINESS
dc.subjectLOCAL MARKETS
dc.subjectMANUFACTURING
dc.subjectMIDDLE EAST
dc.subjectMUNICIPAL BOND
dc.subjectNATURAL RESOURCES
dc.subjectNETWORKS
dc.subjectNORTH AFRICA
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPOWER
dc.subjectPOWER SECTOR
dc.subjectPRICE AUCTION
dc.subjectPRICE COMPETITION
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INFORMATION
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROCUREMENT
dc.subjectPROCUREMENT PROCESS
dc.subjectPROCUREMENTS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC ROAD
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC WORKS
dc.subjectRELIABILITY
dc.subjectRESERVE
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectROAD
dc.subjectROAD COSTS
dc.subjectROAD PROJECTS
dc.subjectROAD SECTOR
dc.subjectROADS
dc.subjectSANITATION
dc.subjectSANITATION SECTOR
dc.subjectSERVICE CONTRACTS
dc.subjectSOCIAL SERVICES
dc.subjectSTANDARD CONTRACT
dc.subjectSTOCKS
dc.subjectSUB-SAHARAN AFRICA
dc.subjectTELECOM
dc.subjectTELECOMMUNICATIONS
dc.subjectTENDERING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSMISSION
dc.subjectTRANSMISSION LINES
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRUE
dc.subjectTUNNEL
dc.subjectUSES
dc.subjectWATER CONSUMPTION
dc.subjectWATER DISTRIBUTION
dc.subjectWATER INFRASTRUCTURE
dc.subjectWATER SERVICE
dc.subjectWATER SUPPLY INFRASTRUCTURE
dc.subjectWATER SUPPLY SECTOR
dc.subjectWEB
dc.titleProcurement Efficiency for Infrastructure Development and Financial Needs Reassesseden
dspace.entity.typePublication
okr.crossref.titleProcurement Efficiency For Infrastructure Development And Financial Needs Reassessed
okr.date.doiregistration2025-04-10T10:19:34.432670Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/07/9646019/procurement-efficiency-infrastructure-development-financial-needs-reassessed
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid763511468338513511
okr.identifier.doi10.1596/1813-9450-4662
okr.identifier.externaldocumentum000158349_20080707162932
okr.identifier.internaldocumentum9646019
okr.identifier.reportWPS4662
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/07/07/000158349_20080707162932/Rendered/PDF/WPS4662.pdfen
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicPrivate Sector Development::E-Business
okr.topicTransport
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationeeef1beb-b651-587f-bb16-a47ff170a096
relation.isAuthorOfPublication.latestForDiscoveryeeef1beb-b651-587f-bb16-a47ff170a096
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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