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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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| 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 |
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okr-10986-105402021-04-23T14:02:51Z Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia Monsalve, Carolina 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 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. 2012-08-13T11:58:32Z 2012-08-13T11:58:32Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/11401932/private-participation-transport-lessons-recent-experience-europe-central-asia http://hdl.handle.net/10986/10540 English Gridlines; No. 47 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 Monsalve, Carolina Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| geographic_facet |
Europe and Central Asia |
| relation |
Gridlines; No. 47 |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
Monsalve, Carolina |
| author_facet |
Monsalve, Carolina |
| author_sort |
Monsalve, Carolina |
| title |
Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| title_short |
Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| title_full |
Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| title_fullStr |
Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| title_full_unstemmed |
Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia |
| title_sort |
private participation in transport : lessons from recent experience in europe and central asia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/06/11401932/private-participation-transport-lessons-recent-experience-europe-central-asia http://hdl.handle.net/10986/10540 |
| _version_ |
1764413470094131200 |