Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels
Private activity in transport declined in 2008, with the full onset of the financial crisis driving a slowdown in the second half of the year. Yet while investment commitments to transport projects with private participation were down from the peak...
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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/2009/11/11893222/private-activity-transport-down-second-consecutive-year-still-around-peak-levels http://hdl.handle.net/10986/10963 |
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okr-10986-109632021-04-23T14:02:53Z Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels Izaguirre, Ada Karina Jett, Alexander N. AIRPORT AIRPORT CONCESSIONS AIRPORT EXPANSION AIRPORT TERMINALS AIRPORTS AIRPORTS CONCESSION ASSETS BRIDGE CONCESSION CONCESSION CONTRACT CONCESSIONS CONGESTION CONTAINER TERMINAL CONTAINER TERMINALS CONTRACT PERIODS DIVESTITURE DRIVING EQUITY PARTICIPATION EXISTING ASSETS EXPRESSWAYS FINANCE COMPANY FINANCIAL CRISIS GOVERNMENT COMMITMENTS GOVERNMENT PAYMENTS HIGHWAY HIGHWAYS HOLDING COMPANY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTERNATIONAL AIRPORT NEGOTIATIONS PARTIAL DIVESTITURE PAYMENTS TO GOVERNMENTS PORT FACILITIES POWER PRIVATE OPERATORS PUBLIC INFORMATION RAILWAY RAILWAYS REHABILITATION ROAD ROAD CONCESSION ROAD CONCESSIONS ROAD INVESTMENT ROAD PROJECTS ROAD SECTOR ROADS ROADWAY RUNWAY RUNWAYS TENDERS TERMINAL OPERATOR TOLL TOLL ROAD TRAINS TRANSPORT TRANSPORT ACTIVITY TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORTS URBAN DEVELOPMENT Private activity in transport declined in 2008, with the full onset of the financial crisis driving a slowdown in the second half of the year. Yet while investment commitments to transport projects with private participation were down from the peak levels of the previous two years, they remained strong at the third highest level in 1990-2008. In 2008, 56 transport projects with private participation reached financial or contractual closure in 26 low- and middle-income countries. These involve investment commitments (hereafter, investment) of US$23.1 billion. Transport projects implemented in previous years had additional commitments of US$2.9 billion, bringing total investment in 2008 to US$26 billion. That represents a drop of 10 percent from the level reported in 2007. Lower payments to governments (such as concession or lease fees and divestiture revenues) account for the decline. By contrast, investments in physical assets, which amounted to US$22.6 billion in 2008, were up 3 percent from those reported in 2007. The number of projects continued a marked declining trend. The 56 projects reaching closure in 2008 reflected a 40 percent decline from the level in 2007 and a 53 percent drop from that in 2006. The closure of larger projects explains the divergence in trends between investments and number of projects. The average project size grew from US$150 million in 2004 to US$410 million in 2008, while the median rose from US$57 million to US$230 million. 2012-08-13T13:42:35Z 2012-08-13T13:42:35Z 2009-11 http://documents.worldbank.org/curated/en/2009/11/11893222/private-activity-transport-down-second-consecutive-year-still-around-peak-levels http://hdl.handle.net/10986/10963 English PPI Data Update; Note No. 25 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AIRPORT AIRPORT CONCESSIONS AIRPORT EXPANSION AIRPORT TERMINALS AIRPORTS AIRPORTS CONCESSION ASSETS BRIDGE CONCESSION CONCESSION CONTRACT CONCESSIONS CONGESTION CONTAINER TERMINAL CONTAINER TERMINALS CONTRACT PERIODS DIVESTITURE DRIVING EQUITY PARTICIPATION EXISTING ASSETS EXPRESSWAYS FINANCE COMPANY FINANCIAL CRISIS GOVERNMENT COMMITMENTS GOVERNMENT PAYMENTS HIGHWAY HIGHWAYS HOLDING COMPANY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTERNATIONAL AIRPORT NEGOTIATIONS PARTIAL DIVESTITURE PAYMENTS TO GOVERNMENTS PORT FACILITIES POWER PRIVATE OPERATORS PUBLIC INFORMATION RAILWAY RAILWAYS REHABILITATION ROAD ROAD CONCESSION ROAD CONCESSIONS ROAD INVESTMENT ROAD PROJECTS ROAD SECTOR ROADS ROADWAY RUNWAY RUNWAYS TENDERS TERMINAL OPERATOR TOLL TOLL ROAD TRAINS TRANSPORT TRANSPORT ACTIVITY TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORTS URBAN DEVELOPMENT |
| spellingShingle |
AIRPORT AIRPORT CONCESSIONS AIRPORT EXPANSION AIRPORT TERMINALS AIRPORTS AIRPORTS CONCESSION ASSETS BRIDGE CONCESSION CONCESSION CONTRACT CONCESSIONS CONGESTION CONTAINER TERMINAL CONTAINER TERMINALS CONTRACT PERIODS DIVESTITURE DRIVING EQUITY PARTICIPATION EXISTING ASSETS EXPRESSWAYS FINANCE COMPANY FINANCIAL CRISIS GOVERNMENT COMMITMENTS GOVERNMENT PAYMENTS HIGHWAY HIGHWAYS HOLDING COMPANY INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTERNATIONAL AIRPORT NEGOTIATIONS PARTIAL DIVESTITURE PAYMENTS TO GOVERNMENTS PORT FACILITIES POWER PRIVATE OPERATORS PUBLIC INFORMATION RAILWAY RAILWAYS REHABILITATION ROAD ROAD CONCESSION ROAD CONCESSIONS ROAD INVESTMENT ROAD PROJECTS ROAD SECTOR ROADS ROADWAY RUNWAY RUNWAYS TENDERS TERMINAL OPERATOR TOLL TOLL ROAD TRAINS TRANSPORT TRANSPORT ACTIVITY TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORTS URBAN DEVELOPMENT Izaguirre, Ada Karina Jett, Alexander N. Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| geographic_facet |
The World Region |
| relation |
PPI Data Update; Note No. 25 |
| description |
Private activity in transport declined
in 2008, with the full onset of the financial crisis driving
a slowdown in the second half of the year. Yet while
investment commitments to transport projects with private
participation were down from the peak levels of the previous
two years, they remained strong at the third highest level
in 1990-2008. In 2008, 56 transport projects with private
participation reached financial or contractual closure in 26
low- and middle-income countries. These involve investment
commitments (hereafter, investment) of US$23.1 billion.
Transport projects implemented in previous years had
additional commitments of US$2.9 billion, bringing total
investment in 2008 to US$26 billion. That represents a drop
of 10 percent from the level reported in 2007. Lower
payments to governments (such as concession or lease fees
and divestiture revenues) account for the decline. By
contrast, investments in physical assets, which amounted to
US$22.6 billion in 2008, were up 3 percent from those
reported in 2007. The number of projects continued a marked
declining trend. The 56 projects reaching closure in 2008
reflected a 40 percent decline from the level in 2007 and a
53 percent drop from that in 2006. The closure of larger
projects explains the divergence in trends between
investments and number of projects. The average project size
grew from US$150 million in 2004 to US$410 million in 2008,
while the median rose from US$57 million to US$230 million. |
| format |
Publications & Research :: Brief |
| author |
Izaguirre, Ada Karina Jett, Alexander N. |
| author_facet |
Izaguirre, Ada Karina Jett, Alexander N. |
| author_sort |
Izaguirre, Ada Karina |
| title |
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| title_short |
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| title_full |
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| title_fullStr |
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| title_full_unstemmed |
Private Activity in Transport Down for Second Consecutive Year, But Still Around Peak Levels |
| title_sort |
private activity in transport down for second consecutive year, but still around peak levels |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/11/11893222/private-activity-transport-down-second-consecutive-year-still-around-peak-levels http://hdl.handle.net/10986/10963 |
| _version_ |
1764415016523530240 |