Contract Design of Private Infrastructure Concessions PDF Download

Author: Min-chʼeng Lin
Publisher:
ISBN:
Category :
Languages : en
Pages : 538

View

Book Description

Author: Michel Kerf
Publisher: World Bank Publications
ISBN: 9780821341650
Category : Political Science
Languages : en
Pages : 148

View

Book Description
This paper examines the increased role of the private sector in developing and maintaining critical infrastructure. It identifies governments' quest to shift part of the burden of new infrastructure investments to the private sector for the economic development of firms and industry and the improvement of quality of life and, given the constraints on public budgets, to finance growing infrastructure needs. Adequate infrastructure services include power, telecommunications, transport, water supply and sanitation. The paper also emphasizes the private sector involvement in bringing increased efficiency to investment and management and operation.

Author: J. Luis Guasch
Publisher: World Bank Publications
ISBN: 9780821357927
Category : Business & Economics
Languages : en
Pages : 212

View

Book Description
During the 1990s, infrastructure concessions were hailed as the solution to Latin America's endemic infrastructure deficit, by combining private sector efficiency with rent dissipation brought about by competition. This publication examines the design and implementation of over 1,000 examples of concession contracts, in order to identify the problems that have occurred in the process. It goes on to highlight lessons to be learned for the future, in order to realise the potential benefits of infrastructure reform and to contribute to economic growth and poverty reduction.

Author: Claude Crampes
Publisher: World Bank Publications
ISBN:
Category : Communication
Languages : en
Pages : 26

View

Book Description

Author: José A. Gómez-Ibáñez
Publisher: Harvard University Press
ISBN: 9780674037809
Category : Business & Economics
Languages : en
Pages : 456

View

Book Description
In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical? Rather than sticking to economics, José Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches--including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary--over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers--and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed.

Author: Jeffrey Delmon
Publisher: Cambridge University Press
ISBN: 1139494716
Category : Business & Economics
Languages : en
Pages : 257

View

Book Description
Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, healthcare, and achieving many of the goals of a robust economy. But infrastructure is difficult for the public sector to get right. Public-private partnerships (PPPs) can help; they provide more efficient procurement, focus on consumer satisfaction and life cycle maintenance, and provide new sources of investment, in particular through limited recourse debt. But PPPs present challenges of their own. This book provides a practical guide to PPPs for policy makers and strategists, showing how governments can enable and encourage PPPs, providing a step-by-step analysis of the development of PPP projects, and explaining how PPP financing works, what PPP contractual structures look like, and how PPP risk allocation works in practice. It includes specific discussion of each infrastructure sector, with a focus on the strategic and policy issues essential for successful development of infrastructure through PPPs.

Author: Hans Wilhelm Alfen
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 158

View

Book Description

Author: Penelope J. Brook
Publisher: World Bank Publications
ISBN: 9780821350072
Category : Business & Economics
Languages : en
Pages : 136

View

Book Description
A new book published by the World Bank's Private Sector Advisory Services outlines an innovative approach to delivering development assistance for public basic services such as potable water, safe sanitation, modern energy, and primary education and healthcare. Called output-based aid, the approach delegates service delivery to the non-profit or for profit private sector under contracts that tie payments to the outputs or results actually delivered to target beneficiaries. The book gathers cases of innovative, output-based approaches from across the infrastructure and social sectors, and also provides a checklist for designing and implementing output-based schemes. (From the World Bank website)

Author: Tony Merna
Publisher: Thomas Telford
ISBN: 9780727730404
Category : Business & Economics
Languages : en
Pages : 306

View

Book Description
- Project finance as a tool for financing infrastructure projects - Public finance for infrastructure projects - Financial instruments - Financial engineering - Restructuring projects - Financial markets - The concession or build-own-operate-transfer (BOOT) procurement strategy - The private finance initiative - Challenges and opportunities for infrastructure development in developing countries - Financial institutions - Privatisation as a method of financing infrastructure projects - Typical risks in the procurement of infrastructure projects - Mechanism for risk management and its application to risks in private finance initiative projects - Insurance and bonding - Case study of a toll bridge project - Case study on managing project financial risks utilising financial engineering techniques

Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61

View

Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.