Is the Public Sector Comparator Right for Developing Countries? Appraising Public-Private Projects in Infrastructure

Is the Public Sector Comparator Right for Developing Countries? Appraising Public-Private Projects in Infrastructure

African officials have shown new interest in infrastructure projects involving private participation. But with so little experience with such projects, these officials often have limited knowledge about how best to assess their value for money. S...

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Bibliographic Details
Main Author: Leigland, James
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
BID PRICE
BIDDER
BIDS
BUDGETARY RESOURCES
CONTRACTOR
COST ESTIMATES
DISCOUNT RATE
EFFICIENCY IMPROVEMENTS
GOVERNMENT OFFICIALS
INFRASTRUCTURE SERVICES
PRIVATE COMPANY
PRIVATE FINANCING
PRIVATE INFRASTRUCTURE
PRIVATE INVOLVEMENT
PRIVATE PARTICIPATION
PRIVATE PARTNERSHIPS
PRIVATE SECTOR
PROCUREMENT PROCESS
PUBLIC
PUBLIC FUNDING
PUBLIC OFFICIALS
PUBLIC PROCUREMENT
PUBLIC SECTOR
PUBLIC SECTOR COMPARATOR
PUBLIC WORKS
SAVINGS
STAKEHOLDERS
STATE GOVERNMENT
SUB-SAHARAN AFRICA
TREASURY
Online Access:http://documents.worldbank.org/curated/en/2006/04/7090347/public-sector-comparator-right-developing-countries-appraising-public-private-projects-infrastructure
http://hdl.handle.net/10986/10743
Description
Summary:African officials have shown new interest in infrastructure projects involving private participation. But with so little experience with such projects, these officials often have limited knowledge about how best to assess their value for money. Some experts have suggested that developing countries use the method centering on the public sector comparator. But this method has come under criticism in some industrial countries. The debate about its use in the industrial world raises questions about whether it is appropriate in developing countries. This paper discusses: how the method works; what the problems are; what the U.K. reforms do; and what about developing countries.

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