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Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia

Facing fiscal constraints, many governments in Central and Eastern Europe and Southeastern Europe have pursued private finance for transport infrastructure more to move investments off budget than to improve efficiency and services. Results have be...

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Bibliographic Details
Main Author: Monsalve, Carolina
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ALLOCATION OF RISK
CAPACITY BUILDING
CAPITAL INVESTMENTS
CASH FLOW
CHECKS
COMPETITIVE PROCUREMENT
CONCESSION
CONCESSIONAIRES
CONTRACT MONITORING
DEBT
DEBT REPAYMENT
DEBT SERVICE
DEBTS
ECONOMIC ANALYSIS
ECONOMIC SITUATION
EXISTING DEBTS
EXPENDITURE
EXPENDITURES
FINANCIAL CLOSURE
FINANCIAL DISTRESS
FINANCIAL SUPPORT
FINANCIAL VIABILITY
FINANCIERS
FISCAL CONSTRAINTS
FOREIGN EXCHANGE
FOREIGN EXCHANGE RISK
GOVERNMENT SUPPORT
HIGH DEBT
HIGHWAY
INFLATION
INFORMATION ASYMMETRY
INFRASTRUCTURE PROJECTS
INSTITUTIONAL FRAMEWORK
INTERNATIONAL AIRPORT
INTERNATIONAL FINANCIAL INSTITUTIONS
INVESTOR INTEREST
LEGAL ACTION
LEGAL FRAMEWORK
LENDERS
LOCAL CURRENCY
LONG-TERM DEBT
MATURITIES
MOTORWAY PROJECTS
PERFORMANCE RISK
POLITICAL UNCERTAINTIES
PRIVATE FINANCE
PRIVATE FINANCING
PRIVATE INFRASTRUCTURE
PRIVATE INVESTMENT
PRIVATE SECTOR
PUBLIC
PUBLIC EXPENDITURE
PUBLIC FINANCES
PUBLIC PROCUREMENT
PUBLIC SECTOR
REGULATORY FRAMEWORK
RENEGOTIATIONS
RETURN
REVENUE GUARANTEES
REVENUE SHORTFALLS
RISK ALLOCATION
RISK PROFILE
RISK SHARING
ROAD
ROAD CONCESSION
ROAD PROJECTS
ROAD SYSTEM
ROAD USE
ROADS
ROUTE
SAVINGS
SHADOW TOLLS
TOLL
TOLL MOTORWAY
TOLL RATES
TOLL ROAD
TOLLS
TRAFFIC
TRAFFIC FORECASTS
TRAFFIC LEVELS
TRAFFIC RISK
TRANSACTION
TRANSPARENCY
TRANSPORT
TRANSPORT INFRASTRUCTURE
TRANSPORT PROJECTS
TRANSPORT SECTOR
USER CHARGES
WILLINGNESS TO PAY
Online Access:http://documents.worldbank.org/curated/en/2009/06/11401932/private-participation-transport-lessons-recent-experience-europe-central-asia
http://hdl.handle.net/10986/10540
Description
Summary:Facing fiscal constraints, many governments in Central and Eastern Europe and Southeastern Europe have pursued private finance for transport infrastructure more to move investments off budget than to improve efficiency and services. Results have been mixed and suggest a need to focus more on public-private partnerships (PPPs) that can achieve value for money. Today's economic environment will reduce the potential for PPP projects in the short term. Some PPP projects at an advanced stage of procurement may need additional public support, while ambitious projects may need to be phased to reduce their scale to what the market can absorb.

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