Privatized Infrastructure
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Privatized Infrastructure
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Author : Charles T. Walker
language : en
Publisher: Thomas Telford
Release Date : 1995
Privatized Infrastructure written by Charles T. Walker and has been published by Thomas Telford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
The worldwide championing of the privatisation concept has led many governments to look for new ways of identifying and funding their infrastructure needs. The Build Operate/Own Transfer arrangement for infrastructure procurement has subsequently evolved, which, it is said, provides a win-win scenario for all involved. Privatized infrastructure: The BOT approach explains how, where and why the BOT concept evolved and to highlight the possible pitfalls as well as the potential windfalls.
Privatized Infrastructure
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Author : Adrian J. Smith
language : en
Publisher: Thomas Telford
Release Date : 1999
Privatized Infrastructure written by Adrian J. Smith and has been published by Thomas Telford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This book examines the major aspects of the relationship between government and the private sector in the provision of high quality, sustainable, and affordable privately funded infrastructure projects. The form of this partnership is often seen as a major determinant of the project risk distribution among the various parties involved, and will thus be crucial in attracting both high quality developers/operators and external institutional funding.
Dealing With Public Risk In Private Infrastructure
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Author : Timothy Irwin
language : en
Publisher: World Bank Publications
Release Date : 1997
Dealing With Public Risk In Private Infrastructure written by Timothy Irwin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Many infrastructure privatizations still leave governmentsand thus taxpayersexposed to significant financial risks. This book examines these risks and considers how governments should respond to investors' requests for guarantees and other forms of government support. The report examines how governments can decide which risks to bear and which to avoid, how they can reduce the risks that private investors face without giving guarantees, and how they can measure, budget, and account for the risks they do take on.
Principles Of Public And Private Infrastructure Delivery
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Author : John B. Miller
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Principles Of Public And Private Infrastructure Delivery written by John B. Miller and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Technology & Engineering categories.
Essential to anyone involved in the planning, design, construction, operation, or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how public and private owners can better manage their entire collection of infrastructure facilities.
Reforming Infrastructure
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Author : Ioannis Nicolaos Kessides
language : en
Publisher: World Bank Publications
Release Date : 2004
Reforming Infrastructure written by Ioannis Nicolaos Kessides and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Government Support To Private Infrastructure Projects In Emerging Markets
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Author : Mansoor Dailami
language : en
Publisher: World Bank Publications
Release Date : 1998
Government Support To Private Infrastructure Projects In Emerging Markets written by Mansoor Dailami and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Capital investments categories.
January 1998 For citizens to reap the full benefits of private investment in infrastructure, infrastructure prices must be high enough to cover costs, and private investors must assume commercial risk. Good macroeconomic policy matters because it affects the credibility of a price regime and especially the trust in currency convertibility essential for foreign investors. Driven by fiscal austerity and disenchantment with the performance of state-provided infrastructure services, many governments have turned to the private sector to build, operate, finance, or own infrastructure in power, gas, water, transport, and telecommunications sectors. Private capital flows to developing countries are increasing rapidly; 15 percent of infrastructure investment is now funded by private capital in emerging markets. But relative to needs, such private investment is progressing slowly. Governments are reluctant to raise consumer prices to cost-covering levels, while investors, mindful of experience, fear that governments may renege on promises to maintain adequate prices over the long haul. So investors ask for government support in the form of grants, preferential tax treatment, debt or equity contributions, or guarantees. These subsidies differ in how they allocate risk between private investors and government. Efficiency gains are greatest when private parties assume the risks that they can manage better than the public sector. When governments establish good policies-especially cost-covering prices and credible commitments to stick to them-investors are willing to invest without special government support. Privatizing assets without government guarantees or other financial support is possible, even where governments are politically unable to raise prices, because investors can achieve the returns they demand by discounting the value of the assets they are purchasing. But this is not possible for new investments (greenfield projects). If prices have been set too low and the government is not willing to raise them, it must give the investor financial support, such as guarantees and other forms of subsidy, to facilitate worthwhile projects that would not otherwise proceed. But guarantees shift costs from consumers to taxpayers, who subsidize users of infrastructure services. Much of that subsidy is hidden, since the government does not record the guarantee in its fiscal accounts. And taxpayers provide unremunerated credit insurance, as the government borrows based on its ability to tax citizens if the project fails, not on the strength of the project itself. This paper-a joint product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute, and the Private Participation in Infrastructure Group-was presented at the conference Managing Government Exposure to Private Infrastructure Projects: Averting a New-Style Debt Crisis, held in Cartagena, Colombia, May 29030, 1997. Mansoor Dailami may be contacted at [email protected].
Private Solutions For Infrastructure
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2000
Private Solutions For Infrastructure written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
The report has three main objectives: to describe and assess the current status and performance of key infrastructure sectors; to describe and assess the policy, regulatory and institutional environment for involving the pricate sector in those areas; to assist policymakers in framing future reform and development strategies. Vietnam has experienced signinficant improvement in the supply of infrastructure, reflected in the growth in exports and gross domestic product, but the performance is still short of the governments targets. Efforts are being made to improve the business environment - Vietnam has been trying to attract private investment since 1993 - but a number of problems remain.
Choices For Efficient Private Provision Of Infrastructure In East Asia
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Author : Harinder S. Kohli
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Choices For Efficient Private Provision Of Infrastructure In East Asia written by Harinder S. Kohli and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Political Science categories.
Systematic reform, participation, Malyasia, Chile, environment, India.
Institutional Reform Regulation And Privatization
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Author : Rolf W. Künneke
language : en
Publisher: Edward Elgar Publishing
Release Date : 2005-01-01
Institutional Reform Regulation And Privatization written by Rolf W. Künneke and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This book provides evolutionary and institutional perspectives on the reform of infrastructure industries, tracing the development of this process in a number of sectors and countries. The contributors contend that infrastructure based industries such as telecommunications, public transport, water management and energy have been increasingly exposed to the dynamism of the market since becoming privatized, and have therefore been stimulated into short-term efficiency and long-term innovation. Drawing on institutional economic theory backed up with case studies such as the California energy crisis, the Dutch gas industry, oil and electricity companies in Spain and the privatization of Schipol airport in Amsterdam the book focuses on process, driving forces, and actors' roles to explain how new balances are established between competing institutions. The degree to which the processes of institutional change are predictable and the effects of deliberate strategic interventions of governments or private actors are explored. Specific technical and sector aspects and their influence on institutional change in various infrastructures are also discussed.
Urban Infrastructure Finance From Private Operators
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Author : Patricia Clarke Annez
language : en
Publisher: World Bank Publications
Release Date : 2006
Urban Infrastructure Finance From Private Operators written by Patricia Clarke Annez and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Automobile categories.
The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in infrastructure development. Her review indicates that for financing urban services, PPI has disappointed-playing a far less significant role than was hoped for, and which might be expected given the attention it has received and continues to receive in strategies to mobilize financing for infrastructure. Looking beyond the number, the author examines transactions and finds that there are good reasons-practical, political, economic and institutional-for these disappointments. Recommending that cities in developing countries try harder is not likely to relieve all these constraints. Experience shows that there are a number of features that raise the risk profile of urban infrastructure for private investors, which has meant that the bulk of the transactions that have taken place have been exceptions rather than harbingers of a growing trend. Many of the measures that could reduce the risk profile are outside the control of many cities, others unlikely to change, and yet another group of steps to be taken that would improve prospects for urban service provision, whether in the hands of public or private operators. These findings suggest a more pragmatic and selective approach to the focus on PPI as a source of finance, and more focus on the array of some of the fundamental steps, among them strengthening the public finances of cities to improve both the capacity to deliver services and to reduce the risks that private investors must take when they invest in urban infrastructure.