Private Activity in Transport Slows Down in 2009, But Remains Concentrated in Road Projects
Private activity in transport declined for the third consecutive year in developing countries. Investments fell by 20 percent and the number of projects dropped by 19 percent in 2009 compared with 2008, according to recently released data from the...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/09/12817940/private-activity-transport-slows-down-2009-remains-concentrated-road-projects http://hdl.handle.net/10986/10915 |
| Summary: | Private activity in transport declined
for the third consecutive year in developing countries.
Investments fell by 20 percent and the number of projects
dropped by 19 percent in 2009 compared with 2008, according
to recently released data from the Private Participation in
Infrastructure Database. New private activity in transport
was concentrated in road projects, and in a few large
developing economies such as Brazil, India, and Mexico. In
2009, 50 transport projects with private participation
reached financial or contractual closure in 20 low- and
middle-income countries. These projects involved investment
commitments of US$19.2 billion. Transport projects
implemented in previous years received additional
commitments of US$2.5 billion, bringing total investment in
2009 to US$21.7 billion. The private activity was
concentrated in the first two quarters of 2009, which
accounted for 75 percent of investment in new projects and
64 percent of new projects. Similar concentration occurred
in 2008 before the full onset of the global financial
crisis. The backlog of projects from the second half of 2008
and the easing of financial constraints in the first half of
2009 (compared with the second half of 2008) may partially
explain the concentration of PPI activity in the first half
of 2009. Preliminary data suggests that activity by
investment and number of projects in the first quarter of
2010 was similar to that reported in the first quarter of 2009. |
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