Are Brownfield Concessions Poised for a Comeback? New Signs of Life After a Decade in Decline
Once expected to be the signature contract of private participation in infrastructure and for a time its fastest growing form, the brown field concession was hit hard by the Asian crisis and has never recovered. Because these contracts involve exis...
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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/2008/05/9612029/brownfield-concessions-poised-comeback-new-signs-life-after-decade-decline http://hdl.handle.net/10986/10608 |
| Summary: | Once expected to be the signature
contract of private participation in infrastructure and for
a time its fastest growing form, the brown field concession
was hit hard by the Asian crisis and has never recovered.
Because these contracts involve existing, usually
dilapidated government assets, brown field concessions
tackled the toughest infrastructure problems in the
developing world. But the Asian crisis exposed the fragility
of this mechanism, and its sudden unpopularity almost
single-handedly crashed the developing world market for
private participation in infrastructure. |
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