Pooling Water Projects to Move Beyond Project Finance
To date most private sector water projects have been financed on a limited recourse basis, that is, with project cash flows and assets as the main security for lenders. The move from project to corporate (balance sheet) financing is occurring in st...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/09/441598/pooling-water-projects-move-beyond-project-finance http://hdl.handle.net/10986/11534 |
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okr-10986-115342021-04-23T14:02:56Z Pooling Water Projects to Move Beyond Project Finance Haarmeyer, David Mody, Ashoka ACCOUNTABILITY BALANCE SHEET BALANCE SHEETS BORROWING CAPITAL MARKETS CAPITALIZATION CASH FLOWS COMMERCIAL BANKS CONSTRUCTION CORPORATE FINANCE COSTS OF BORROWING DEBT DEREGULATION DISTRIBUTION SYSTEM ENVIRONMENTAL PROTECTION EQUITY INVESTMENTS GAS HOLDING COMPANIES INVESTMENT PROGRAM LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET POWER MUNICIPALITIES PERFORMANCE INCENTIVES PIPELINE PIPELINES POWER GENERATION POWER PLANTS PRIVATE FINANCING PURCHASING POWER RATING AGENCIES SANITATION SECTOR SANITATION UTILITIES SEWERAGE SYSTEM STREAMS WASTEWATER WASTEWATER SECTOR WASTEWATER TREATMENT WATER COMPANIES WATER PROJECTS WATER UTILITIES PROJECT FINANCE BALANCE SHEETS CORPORATE FINANCE CREDITWORTHINESS CAPITAL MARKETS WATER UTILITIES CUSTOMERS EQUITY FUNDS FINANCING PROGRAMS EUROPEAN DEVELOPMENT BANK REVOLVING LOAN FUNDS WASTEWATER TREATMENT PLANTS INFRASTRUCTURE PROJECTS RISK MANAGEMENT POLITICAL RISKS REGULATORY STRUCTURE PRIVATE INVESTMENTS PRIVATE SECTOR To date most private sector water projects have been financed on a limited recourse basis, that is, with project cash flows and assets as the main security for lenders. The move from project to corporate (balance sheet) financing is occurring in stages. Financing project debt from the sponsor company's balance sheet exposes that company to significant risk and thus requires a strong and large balance sheet. Designed in part to shield a company's balance sheet, innovative financing structures and instruments are emerging. Ultimately, the goal is for water utilities to raise debt and equity from capital markets on the basis of their own balance sheets, strengthened by a diversified and stable rate-paying customer base. The authors review the new trends. 2012-08-13T15:19:38Z 2012-08-13T15:19:38Z 1998-09 http://documents.worldbank.org/curated/en/1998/09/441598/pooling-water-projects-move-beyond-project-finance Viewpoint. -- Note no. 152 (September 1998) http://hdl.handle.net/10986/11534 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY BALANCE SHEET BALANCE SHEETS BORROWING CAPITAL MARKETS CAPITALIZATION CASH FLOWS COMMERCIAL BANKS CONSTRUCTION CORPORATE FINANCE COSTS OF BORROWING DEBT DEREGULATION DISTRIBUTION SYSTEM ENVIRONMENTAL PROTECTION EQUITY INVESTMENTS GAS HOLDING COMPANIES INVESTMENT PROGRAM LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET POWER MUNICIPALITIES PERFORMANCE INCENTIVES PIPELINE PIPELINES POWER GENERATION POWER PLANTS PRIVATE FINANCING PURCHASING POWER RATING AGENCIES SANITATION SECTOR SANITATION UTILITIES SEWERAGE SYSTEM STREAMS WASTEWATER WASTEWATER SECTOR WASTEWATER TREATMENT WATER COMPANIES WATER PROJECTS WATER UTILITIES PROJECT FINANCE BALANCE SHEETS CORPORATE FINANCE CREDITWORTHINESS CAPITAL MARKETS WATER UTILITIES CUSTOMERS EQUITY FUNDS FINANCING PROGRAMS EUROPEAN DEVELOPMENT BANK REVOLVING LOAN FUNDS WASTEWATER TREATMENT PLANTS INFRASTRUCTURE PROJECTS RISK MANAGEMENT POLITICAL RISKS REGULATORY STRUCTURE PRIVATE INVESTMENTS PRIVATE SECTOR |
| spellingShingle |
ACCOUNTABILITY BALANCE SHEET BALANCE SHEETS BORROWING CAPITAL MARKETS CAPITALIZATION CASH FLOWS COMMERCIAL BANKS CONSTRUCTION CORPORATE FINANCE COSTS OF BORROWING DEBT DEREGULATION DISTRIBUTION SYSTEM ENVIRONMENTAL PROTECTION EQUITY INVESTMENTS GAS HOLDING COMPANIES INVESTMENT PROGRAM LOCAL GOVERNMENT LOCAL GOVERNMENTS MARKET POWER MUNICIPALITIES PERFORMANCE INCENTIVES PIPELINE PIPELINES POWER GENERATION POWER PLANTS PRIVATE FINANCING PURCHASING POWER RATING AGENCIES SANITATION SECTOR SANITATION UTILITIES SEWERAGE SYSTEM STREAMS WASTEWATER WASTEWATER SECTOR WASTEWATER TREATMENT WATER COMPANIES WATER PROJECTS WATER UTILITIES PROJECT FINANCE BALANCE SHEETS CORPORATE FINANCE CREDITWORTHINESS CAPITAL MARKETS WATER UTILITIES CUSTOMERS EQUITY FUNDS FINANCING PROGRAMS EUROPEAN DEVELOPMENT BANK REVOLVING LOAN FUNDS WASTEWATER TREATMENT PLANTS INFRASTRUCTURE PROJECTS RISK MANAGEMENT POLITICAL RISKS REGULATORY STRUCTURE PRIVATE INVESTMENTS PRIVATE SECTOR Haarmeyer, David Mody, Ashoka Pooling Water Projects to Move Beyond Project Finance |
| relation |
Viewpoint |
| description |
To date most private sector water
projects have been financed on a limited recourse basis,
that is, with project cash flows and assets as the main
security for lenders. The move from project to corporate
(balance sheet) financing is occurring in stages. Financing
project debt from the sponsor company's balance sheet
exposes that company to significant risk and thus requires a
strong and large balance sheet. Designed in part to shield a
company's balance sheet, innovative financing
structures and instruments are emerging. Ultimately, the
goal is for water utilities to raise debt and equity from
capital markets on the basis of their own balance sheets,
strengthened by a diversified and stable rate-paying
customer base. The authors review the new trends. |
| format |
Publications & Research :: Viewpoint |
| author |
Haarmeyer, David Mody, Ashoka |
| author_facet |
Haarmeyer, David Mody, Ashoka |
| author_sort |
Haarmeyer, David |
| title |
Pooling Water Projects to Move Beyond Project Finance |
| title_short |
Pooling Water Projects to Move Beyond Project Finance |
| title_full |
Pooling Water Projects to Move Beyond Project Finance |
| title_fullStr |
Pooling Water Projects to Move Beyond Project Finance |
| title_full_unstemmed |
Pooling Water Projects to Move Beyond Project Finance |
| title_sort |
pooling water projects to move beyond project finance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/09/441598/pooling-water-projects-move-beyond-project-finance http://hdl.handle.net/10986/11534 |
| _version_ |
1764417081126682624 |