Private Participation in Port Facilities : Recent Trends
The private sector has become increasingly involved in the operation of common-user port facilities during the 1990s, following public sector dominance of the sector since the 1940s. During the past decade the reform of port administration has gain...
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Format: | Viewpoint |
Language: | English |
Published: |
World Bank, Washington, DC
2012
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/1999/09/1346402/private-participation-port-facilities-recent-trends http://hdl.handle.net/10986/11462 |
Summary: | The private sector has become
increasingly involved in the operation of common-user port
facilities during the 1990s, following public sector
dominance of the sector since the 1940s. During the past
decade the reform of port administration has gained momentum
in industrial and developing countries alike. Between 1990
and 1998, 112 port projects with private participation
reached financial closure in twenty-eight developing
countries, with investment commitments totaling more than
US$9 billion. Most projects are in East Asia and Latin
America, and most are long-term concessions. This Note
provides an overview of the emerging trends in developing
countries and outlines the main issues for the future. These
issues include sustaining competition at a regional level,
across networks, and with other transport sectors, such as
road and rail. |
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