International Finance Corporation2015-07-202015-07-202012-07https://hdl.handle.net/10986/22252Air and sea transport power the global economy. Since the vast majority of trade is physical, it must travel by plane or ship to reach its market. In fact, high value, time-sensitive goods usually fly through at least two airports, and almost every container passes through at least two seaports. When ports are efficient, people receive the goods theyre waiting for, sellers receive payment, and global economic development is strengthened. Public-private partnerships (PPPs) push this development forward with greater speed and richer benefits. In this issue, handshake turns its attention to air and sea transport (expect a companion issue on road and rail in October 2012). In the air, we deconstruct myths surrounding airport PPPs, learn brutally honest lessons from experiences in airline privatization, and revisit the liberalization of African skies. For seaports, the authors examine private investment, glimpse the post concession era, and witness the PPP evolution.en-USCC BY-NC-ND 3.0 IGOAIRAIR CARGOAIR TRAFFICAIR TRANSPORTAIR TRANSPORT ASSOCIATIONAIR TRAVELAIRCRAFTAIRLINE COSTSAIRLINE INDUSTRYAIRPORTAIRPORT BUSINESSAIRPORT CONCESSIONAIRPORT CONCESSIONSAIRPORT DEVELOPMENTAIRPORT EFFICIENCYAIRPORT INDUSTRYAIRPORT INFRASTRUCTUREAIRPORT MANAGERSAIRPORT OPERATIONSAIRPORT OPERATORAIRPORT OPERATORSAIRPORT PERSONNELAIRPORT PRIVATIZATIONAIRPORT SERVICEAIRPORT SERVICESAIRPORT TERMINALSAIRPORTSAIRSPACE CAPACITYAUCTIONAVIATION INDUSTRYAVIATION POLICYAVIATION SECTORBARGE TRANSPORTBERTHBOXESCABOTAGECAPITAL COSTSCAPITAL INVESTMENTCARCAR PARKSCARBON EMISSIONSCARGO HANDLINGCARGO OWNERSCARGO VOLUMESCARGOESCARRIERSCARSCLIMATE CHANGECOMMERCIAL BANKSCOMMERCIAL REVENUESCOMMODITIESCOMPETITION AMONG PORTSCOMPETITIVE ADVANTAGECOMPETITIVE PROCUREMENTCOMPETITIVE SERVICESCONCESSIONCONCESSION CONTRACTCONCESSION CONTRACTSCONCESSION FEESCONCESSION MODELCONCESSIONAIRESCONCESSIONSCONGESTIONCONTAINER CONCESSIONCONTAINER DEPOTSCONTAINER PORTCONTAINER TERMINALCONTAINER TERMINAL CONCESSIONCONTAINER TERMINALSCONTAINER TRAFFICCONTAINER VESSELSCOST EFFICIENCYCUSTOMER SERVICECUSTOMSCUSTOMS DUTIESDEPOTSDEVELOPMENT BANKDIESELDIESEL FUELDISTRIBUTORSDIVESTITUREDRIVINGDUE DILIGENCEECONOMIC BENEFITSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC ZONESECONOMIES OF SCALEEMISSIONENERGY COSTSENERGY EFFICIENCYEQUIPMENT OPERATORSEQUITY INVESTMENTSFARESFEEDER PORTSFERRIESFIXED COSTSFLIGHTFORCE MAJEUREFOREIGN CAPITALFOREIGN CURRENCY DEBTFOREIGN EXCHANGEFOREIGN INVESTMENTFOSSIL FUELSFUELFUEL CONSUMPTIONFUEL COSTSFUEL EFFICIENCYFUEL PRICESFUEL USEGENERATIONGENERATORSGLOBAL ECONOMYGLOBAL TRADEGREENHOUSE GASGREENHOUSE GAS EMISSIONSINFRASTRUCTURE ASSETSINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCEINFRASTRUCTURE PROJECTSINLAND WATERWAYINSPECTIONINTERNATIONAL AIRPORTINTERNATIONAL INVESTORSINTERNATIONAL TRADEINTERNATIONAL TRANSPORTINVESTMENT BANKINVESTMENT CLIMATEINVESTMENT OBLIGATIONSJOINT VENTURESLAND USELANDLOCKED COUNTRIESLANDLORD PORTSLANESLARGE CARRIERSLEASE CONTRACTLEASE FEELIFTINGLIGHT RAILLLCLOADINGLOW TARIFFSLOWER TARIFFSMANUFACTURINGMARITIME TRANSPORTMARKET REGULATIONMINISTRY OF TRANSPORTNATIONAL AIRLINESNATURAL MONOPOLYNAVIGATIONNOISENOISE POLLUTIONPASSENGER AIRCRAFTPASSENGER SAFETYPASSENGER VOLUMESPASSENGERSPENALTY PAYMENTSPERFORMANCE INDICATORSPOLICEPOLLUTIONPORT AUTHORITIESPORT AUTHORITYPORT FACILITIESPORT INFRASTRUCTUREPOWERPRICE COMPETITIONPRIVATE CAPITALPRIVATE INVESTMENTPRIVATE INVESTORPRIVATE OPERATORSPRIVATE SECTOR ENGAGEMENTPRIVATE SECTOR PARTICIPATIONPUBLIC FUNDSPUBLIC INFRASTRUCTUREPUBLIC PORTPUBLIC PORTSPUBLIC PROCUREMENTPUBLIC SECTORPUBLIC SERVICESQUAYSRAILRAIL ACCESSREDISTRIBUTIONREPAYMENT SCHEDULERETRENCHMENTRIGHTS OF ACCESSROADROAD TRANSPORTROADSROUTEROUTESROYALTY PAYMENTSRUNWAYRUNWAYSSAFETYSEAPORTSSHIPPERSSHIPPINGSHIPPING COMPANIESSHIPPING CONTAINERSSHIPPING INDUSTRYSHIPPING LINESSHIPSSPEEDSSUPPLY CHAINSUPPLY CHAINSTARIFF ADJUSTMENTSTERMINAL OPERATORTERMINAL OPERATORSTOLLTOLL ROADSTRADE FACILITATIONTRADE FINANCETRADE LOGISTICSTRAFFICTRAFFIC GROWTHTRAFFIC VOLUMETRANSACTIONTRANSITTRANSPARENT PROCUREMENTTRANSPARENT PROCUREMENT PROCESSTRANSPORTTRANSPORT ECONOMICSTRANSPORT FINANCETRANSPORT OF GOODSTRANSPORT POLICIESTRANSPORT SECTORTRANSPORTATIONTRANSPORTATION COSTSTRANSPORTATION RESEARCHTRANSSHIPMENTTRUCKSUPFRONT PAYMENTUTILITIESVALUATIONVESSELSWAREHOUSINGJournalInternational Finance Corporation10.1596/22252