Private Participation in Infrastructure in China : Issues and Recommendations for the Road, Water, and Power Sectors
Infrastructure has played a major role in China's rapid development. Over the past decade the road network expanded by more than 40 percent, water production grew by more than 50 percent, and China has become the world's second largest en...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/03/2375953/private-participation-infrastructure-china-issues-recommendations-road-water-power-sectors http://hdl.handle.net/10986/15156 |
| Summary: | Infrastructure has played a major role
in China's rapid development. Over the past decade the
road network expanded by more than 40 percent, water
production grew by more than 50 percent, and China has
become the world's second largest energy producer.
However, foreign direct investment in infrastructure
accounts for a small share of foreign direct investment
flows and for only 10 percent of total investment in
infrastructure. Meeting the demand for cheaper, more
reliable, and more efficient infrastructure services will
require more than US$75 billion a year over the next decade.
Increasing the participation of the private sector, domestic
and foreign is an obvious policy option. Public-private
partnerships can reduce the fiscal subsidies on public
agencies and improve the targeting of subsidies to poor
people, students, the elderly and other disadvantaged
groups. This report reviews China's current framework
for private participation in infrastructure. It also
compares China's experiences with those of other
countries, providing legal, regulatory, and financial
framework recommendations as well as sector-specific suggestions. |
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