Publication:
Fostering the Development of Greenfield Mining-related Transport Infrastructure through Project Financing

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dc.contributor.authorInternational Finance Corporation
dc.contributor.authorPublic-Private Infrastructure Advisory Facility
dc.date.accessioned2013-09-19T19:13:30Z
dc.date.available2013-09-19T19:13:30Z
dc.date.issued2013-04
dc.description.abstractThe purpose of this study is to serve as a guide on developing Greenfield transport infrastructure (rail and port) primarily used to support mining operations ('mining-related infrastructure'), through Public-Private Partnership (PPP) schemes and on a project finance basis. The focus is on key financing issues and considerations, as well as recommendations for governments and private-sector participants, specifically in the context of sub-Saharan Africa and similar regions. Over the past decade, the rapid economic growth in newly industrialized markets has fueled a strong demand for various commodities (such as iron, coal, bauxite and copper), with significant impact on their prices. The last ten years have seen an unprecedented rise in the price of mineral commodities worldwide. From the mid-2000s through the early 2010s, the world's largest mining companies embarked in the planning of numerous and often very large mining projects to satisfy what was seen as an ever growing double digit demand for minerals (iron ore, coal, bauxite, copper, etc). A number of these mining projects are located in frontier countries (e.g. Mongolia, Guinea, Afghanistan, Sierra Leone and Mozambique). This report explores the challenges and solutions associated with the development of Greenfield mining-related transport infrastructure through project financing in frontier countries, including as shared-use assets. From an ownership and financing structure perspective, there are three traditional forms of ownership models: public-sector led, mining company-led or third-party investment. Given that most frontier host governments simply do not have the ability to fund these infrastructure projects on a purely public basis (including with the assistance of multilateral development banks), this report focuses on the latter two ownership arrangements. In terms of financing models, the size of such investments often rules out corporate financing as a viable option for external investors. Thus project financing is the most feasible and most adapted form of debt financing for Greenfield multi-user/multi-client mining-related infrastructure, assuming project bankability can be demonstrated to lenders. Lastly, public authorities might have to accept that multi-usage demands made to transport mining infrastructure operators might have to be initially or permanently restricted to secure, first and foremost, the delivery of an efficient mining transport system at the lowest possible cost to its anchor user/client.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/04/18158809/fostering-development-green-field-mining-related-transport-infrastructure-through-project-financing
dc.identifier.doi10.1596/15785
dc.identifier.urihttps://hdl.handle.net/10986/15785
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS AGREEMENT
dc.subjectACCESS CHANNEL
dc.subjectACCESS CHARGE
dc.subjectACCESS CHARGES
dc.subjectACCESS REGIME
dc.subjectACCESS REGIMES
dc.subjectACCESS ROADS
dc.subjectACCESS SEEKER
dc.subjectACCESS SEEKERS
dc.subjectACCESSIBILITY
dc.subjectARBITRAL AWARDS
dc.subjectARBITRATION
dc.subjectASSET MANAGEMENT
dc.subjectBAGGAGE
dc.subjectBAGGAGE HANDLING
dc.subjectBANK GUARANTEES
dc.subjectBASIC INFRASTRUCTURE
dc.subjectBOOT
dc.subjectBOT
dc.subjectBUILD-OWN
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITAL STOCK
dc.subjectCAR
dc.subjectCARGO
dc.subjectCASH FLOWS
dc.subjectCOMMERCIAL LENDERS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPANY
dc.subjectCOMPETITORS
dc.subjectCONCESSION
dc.subjectCONCESSION AGREEMENT
dc.subjectCONCESSION AGREEMENTS
dc.subjectCONCESSION CONTRACT
dc.subjectCONCESSIONS
dc.subjectCONTRACTUAL ARRANGEMENTS
dc.subjectCONTRACTUAL FRAMEWORK
dc.subjectCORPORATION
dc.subjectCOST OF CAPITAL
dc.subjectCOST SAVINGS
dc.subjectCREDIT AGENCY
dc.subjectCROSSING
dc.subjectCURRENCY
dc.subjectDEBT
dc.subjectDEBT FINANCING
dc.subjectDEBT REPAYMENT
dc.subjectDEBT SERVICE
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIESEL
dc.subjectDIRECT INVESTMENTS
dc.subjectDISPUTE RESOLUTION
dc.subjectECONOMIC BENEFITS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEMERGING ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectEQUITY FINANCING
dc.subjectEQUITY INVESTORS
dc.subjectEQUITY OWNERSHIP
dc.subjectEQUITY PARTICIPATION
dc.subjectEXPANSION
dc.subjectEXTERNAL INVESTORS
dc.subjectFINANCIAL CAPACITY
dc.subjectFINANCIAL COMPENSATION
dc.subjectFINANCIAL COVENANTS
dc.subjectFINANCIAL RETURNS
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL VIABILITY
dc.subjectFINANCING TRANSPORTATION INFRASTRUCTURE
dc.subjectFIRMS
dc.subjectFOREIGN INVESTMENT
dc.subjectFORMS OF OWNERSHIP
dc.subjectFREIGHT
dc.subjectFREIGHT OPERATIONS
dc.subjectFREIGHT SERVICES
dc.subjectFUEL
dc.subjectFUTURE DEMAND
dc.subjectGENERATION
dc.subjectGOVERNMENT APPROVAL
dc.subjectGOVERNMENT POLICY
dc.subjectHOST COUNTRY
dc.subjectHOST GOVERNMENT
dc.subjectHOST GOVERNMENTS
dc.subjectINDEPENDENT REGULATION
dc.subjectINDEPENDENT REGULATOR
dc.subjectINFRASTRUCTURE CAPACITY
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE OWNERSHIP
dc.subjectINFRASTRUCTURE PROJECT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE REQUIREMENTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT GRADE
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLICENSES
dc.subjectLOCOMOTIVE
dc.subjectMARITIME INFRASTRUCTURE
dc.subjectMARITIME TRAFFIC
dc.subjectMULTILATERAL DEVELOPMENT BANKS
dc.subjectNATIONAL TRANSPORT
dc.subjectNATURAL MONOPOLY
dc.subjectO&M
dc.subjectOPEN ACCESS
dc.subjectOPERATIONAL PERFORMANCE
dc.subjectOWNERSHIP OF ASSETS
dc.subjectOWNERSHIP OF INFRASTRUCTURE
dc.subjectOWNERSHIP OF SUPERSTRUCTURE
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPASSENGER RAIL
dc.subjectPASSENGER RAIL SERVICE
dc.subjectPASSENGER SERVICE
dc.subjectPASSENGER SERVICES
dc.subjectPASSENGER TRAFFIC
dc.subjectPASSENGER TRAINS
dc.subjectPASSENGERS
dc.subjectPAY CONTRACTS
dc.subjectPORT ACCESS
dc.subjectPORT ASSETS
dc.subjectPORT AUTHORITY
dc.subjectPORT FACILITIES
dc.subjectPORT TERMINALS
dc.subjectPORTS
dc.subjectPOWER
dc.subjectPRICE SENSITIVE
dc.subjectPRICE SENSITIVITY
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPRIVATE PARTNERSHIP
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRIVATE SECTOR INVOLVEMENT
dc.subjectPRIVATE SECTOR OWNERSHIP
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATE SECTOR PARTY
dc.subjectPROJECT SPONSORS
dc.subjectPROVISIONS
dc.subjectPUBLIC
dc.subjectPUBLIC CONSULTATION
dc.subjectPUBLIC LAND
dc.subjectPUBLIC OWNERSHIP
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR OWNERSHIP
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAIL
dc.subjectRAIL ACCESS
dc.subjectRAIL CAPACITY
dc.subjectRAIL HAULAGE
dc.subjectRAIL INFRASTRUCTURE
dc.subjectRAIL LINE
dc.subjectRAIL NETWORK
dc.subjectRAIL OPERATOR
dc.subjectRAIL SYSTEM
dc.subjectRAIL TRANSPORT
dc.subjectRAILWAY
dc.subjectRAILWAY SYSTEM
dc.subjectRAILWAYS
dc.subjectRECOURSE FINANCING
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY SYSTEMS
dc.subjectRENEGOTIATIONS
dc.subjectROADS
dc.subjectROLLING STOCK
dc.subjectROUTES
dc.subjectROYALTY PAYMENTS
dc.subjectRULE OF LAW
dc.subjectSAFETY
dc.subjectSAVINGS
dc.subjectSERVICE PROVIDER
dc.subjectSOVEREIGN CREDIT RATINGS
dc.subjectSPEEDS
dc.subjectSPONSORS
dc.subjectSUPPLY CHAIN
dc.subjectTARIFF STRUCTURE
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERMINAL OPERATOR
dc.subjectTRACK CAPACITY
dc.subjectTRACK CONDITIONS
dc.subjectTRAFFIC
dc.subjectTRAFFIC VOLUMES
dc.subjectTRAIN CONTROL
dc.subjectTRAINS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT CAPACITY
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT FACILITIES
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT INFRASTRUCTURES
dc.subjectTRANSPORT MODE
dc.subjectTRANSPORT OPERATORS
dc.subjectTRANSPORT SERVICE
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORT SYSTEM
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION INFRASTRUCTURE OPERATORS
dc.subjectTRANSPORTATION SERVICES
dc.subjectTRUCK TRANSPORT
dc.subjectTUNNELS
dc.subjectURBANIZATION
dc.subjectVEHICLE
dc.subjectVERTICAL INTEGRATION
dc.titleFostering the Development of Greenfield Mining-related Transport Infrastructure through Project Financingen
dspace.entity.typePublication
okr.date.disclosure2013-08-28
okr.date.doiregistration2025-05-05T12:48:08.280446Z
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2013/04/18158809/fostering-development-green-field-mining-related-transport-infrastructure-through-project-financing
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid406791468339260446
okr.identifier.externaldocumentum000356161_20130828151927
okr.identifier.internaldocumentum18158809
okr.identifier.report80699
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/08/28/000356161_20130828151927/Rendered/PDF/806990PUB0Gree0379812B0Box00PUBLIC0.pdfen
okr.peerreviewAcademic Peer Review
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicPublic Sector Economics
okr.topicTransport
okr.topicPublic Sector Development
okr.unitInfra Special Initiative- Africa (CN2SI)
okr.volume1 of 1
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