Transaction Costs in Private Infrastructure Projects - Are They Too High?

Published
1996-10
Journal
Viewpoint. -- Note no. 95 (October 1996) 1 of 1Metadata
Abstract
While the number of private infrastructure projects continues to grow, tales of endless delays and exorbitant development costs still scare both developers and governments. The authors show that these costs are related not to project size but to the characteristics of the policy environment. As governments gain experience and clarify policy, these costs will inevitably fall.Citation
“Klein, Michael; So, Jae; Shin, Ben. 1996. Transaction Costs in Private Infrastructure Projects - Are They Too High?. Viewpoint. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/11605 License: CC BY 3.0 IGO.”
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