Brief

Advance Funding for Infrastructure PPPs : Cautions from Two Road Projects in Peru

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collection.link.285
https://openknowledge.worldbank.org/handle/10986/22293
collection.name.285
Connections
dc.contributor.author
Kerf, Michel
dc.date.accessioned
2015-07-28T17:31:23Z
dc.date.available
2015-07-28T17:31:23Z
dc.date.issued
2015-03
dc.date.lastModified
2021-04-23T14:04:08Z
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
dc.identifier.uri
http://hdl.handle.net/10986/22302
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank Group, Washington, DC
dc.relation.ispartofseries
Transport and ICT connections,no. 10;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
INVESTORS
dc.subject
SOVEREIGN DEBT
dc.subject
FINANCING
dc.subject
PAYMENT OBLIGATION
dc.subject
STOCK
dc.subject
PUBLIC FINANCING
dc.subject
GUARANTEES
dc.subject
NATIONAL DEBT
dc.subject
CREDIT
dc.subject
EXCHANGE
dc.subject
ANNUAL PAYMENT
dc.subject
INTERNATIONAL FINANCIAL MARKETS
dc.subject
DOMESTIC MARKET
dc.subject
DEVELOPING COUNTRIES
dc.subject
REGULATOR
dc.subject
BIDS
dc.subject
ISSUANCE
dc.subject
PRIVATE PARTIES
dc.subject
PROJECTS
dc.subject
DEFAULT
dc.subject
MARKET
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
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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