Brief
Advance Funding for Infrastructure PPPs : Cautions from Two Road Projects in Peru
collection.link.285 |
https://openknowledge.worldbank.org/handle/10986/22293
| |
collection.name.285 |
Connections
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dc.contributor.author |
Kerf, Michel
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dc.date.accessioned |
2015-07-28T17:31:23Z
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dc.date.available |
2015-07-28T17:31:23Z
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dc.date.issued |
2015-03
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dc.date.lastModified |
2021-04-23T14:04:08Z
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dc.description.abstract |
Public private partnerships (PPPs) for
infrastructure projects require substantial initial funding
that private operators in developing countries can rarely
obtain in the domestic market. In 2005, in the context of
two important road projects, the government of Peru
introduced a financial innovation with two goals: improve
the access of the projects’ concessionaires to the
international financial markets and book government support
as an operating expense rather than debt. The innovations
offered distinct advantages to the concessionaires while
imposing a significant burden on the government, which has
since stopped using them. Nonetheless, the new approach can
still be useful in carefully limited instances to help solve
the funding problem.
| en |
dc.identifier |
http://documents.worldbank.org/curated/en/2015/07/24441445/advance-funding-infrastructure-ppps-cautions-two-road-projects-peru
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dc.identifier.uri |
http://hdl.handle.net/10986/22302
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dc.language |
English
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dc.language.iso |
en_US
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dc.publisher |
World Bank Group, Washington, DC
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dc.relation.ispartofseries |
Transport and ICT connections,no. 10;
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dc.rights |
CC BY 3.0 IGO
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dc.rights.holder |
World Bank
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dc.rights.uri |
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject |
INVESTORS
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dc.subject |
SOVEREIGN DEBT
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dc.subject |
FINANCING
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dc.subject |
PAYMENT OBLIGATION
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dc.subject |
STOCK
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dc.subject |
PUBLIC FINANCING
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dc.subject |
GUARANTEES
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dc.subject |
NATIONAL DEBT
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dc.subject |
CREDIT
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dc.subject |
EXCHANGE
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dc.subject |
ANNUAL PAYMENT
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dc.subject |
INTERNATIONAL FINANCIAL MARKETS
| |
dc.subject |
DOMESTIC MARKET
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dc.subject |
DEVELOPING COUNTRIES
| |
dc.subject |
REGULATOR
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dc.subject |
BIDS
| |
dc.subject |
ISSUANCE
| |
dc.subject |
PRIVATE PARTIES
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dc.subject |
PROJECTS
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dc.subject |
DEFAULT
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dc.subject |
MARKET
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dc.subject |
ROAD PROJECTS
| |
dc.subject |
CREDIT RATING
| |
dc.subject |
AIRPORTS
| |
dc.subject |
PAYMENTS
| |
dc.subject |
GOVERNMENT SUPPORT
| |
dc.subject |
SECURITIES
| |
dc.subject |
PUBLIC DEBT
| |
dc.subject |
ROADS
| |
dc.subject |
INSTRUMENTS
| |
dc.subject |
CREDIBILITY
| |
dc.subject |
GOVERNMENT REGULATOR
| |
dc.subject |
BUDGET
| |
dc.subject |
ANNUAL PAYMENTS
| |
dc.subject |
CONCESSION
| |
dc.subject |
ROAD
| |
dc.subject |
DEBT INSTRUMENTS
| |
dc.subject |
STOCK EXCHANGE
| |
dc.subject |
COSTS
| |
dc.subject |
GOVERNMENT OBLIGATION
| |
dc.subject |
TRANSPORT
| |
dc.subject |
FINANCIAL MARKETS
| |
dc.subject |
PAYMENT GUARANTEES
| |
dc.subject |
AGREEMENTS
| |
dc.subject |
CONTRACTS
| |
dc.subject |
PRIVATE INVESTORS
| |
dc.subject |
MONETARY FUND
| |
dc.subject |
INVESTMENTS
| |
dc.subject |
PAYMENT
| |
dc.subject |
DEBT
| |
dc.subject |
COMMUNICATION
| |
dc.subject |
MARKETS
| |
dc.subject |
NONPERFORMANCE
| |
dc.subject |
INSTRUMENT
| |
dc.subject |
NEGOTIATIONS
| |
dc.subject |
COMMUNICATION TECHNOLOGY
| |
dc.subject |
GOVERNMENT OBLIGATIONS
| |
dc.subject |
LOCAL FINANCIAL MARKETS
| |
dc.subject |
FINANCE
| |
dc.subject |
BANK FINANCING
| |
dc.subject |
CLAIM
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dc.subject |
INFRASTRUCTURE
| |
dc.title |
Advance Funding for Infrastructure PPPs
| en |
dc.title.subtitle |
Cautions from Two Road Projects in Peru
| en |
dc.type |
Brief
| en |
okr.date.disclosure |
2015-07-22
| |
okr.doctype |
Publications & Research
| |
okr.doctype |
Publications & Research :: Brief
| |
okr.docurl |
http://documents.worldbank.org/curated/en/2015/07/24441445/advance-funding-infrastructure-ppps-cautions-two-road-projects-peru
| |
okr.globalpractice |
Transport and ICT
| |
okr.googlescholar.linkpresent |
yes
| |
okr.identifier.externaldocumentum |
090224b082e3a6be_1_0
| |
okr.identifier.internaldocumentum |
24441445
| |
okr.identifier.report |
96251
| |
okr.language.supported |
en
| |
okr.pdfurl |
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/05/05/090224b082e3a6be/1_0/Rendered/PDF/Advance0fundin0oad0projects0in0Peru.pdf
| en |
okr.region.country |
Peru
| |
okr.topic |
Conflict and Development :: Post Conflict Reconstruction
| |
okr.topic |
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
| |
okr.topic |
Transport
| |
okr.topic |
Transport :: Transport Economics & Policy Planning
| |
okr.topic |
Infrastructure Economics and Finance :: Infrastructure Finance
| |
okr.topic |
Infrastructure Economics and Finance :: Private Participation in Infrastructure
| |
okr.unit |
Transport ICT - GP (GTIDR)
|
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