Private Participation in the Transport Sector : Lessons from Recent Experience in Europe and Central Asia

This report was commissioned to draw lessons from the experiences with public private partnerships (PPPs) in the transport sector in Europe and Central Asia (ECA) countries. The report will review experiences to date with private participation in t...

Full description

Bibliographic Details
Main Authors:	Cuttaree, V., Humphreys, M., Muzira, S., Strand, J-P.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING AIRPORTS ALTERNATIVE ROUTES ANNUAL PAYMENTS ASSET MANAGEMENT BALANCE SHEET BASIC COST BEST PRACTICES BID BORROWING BUDGET DEFICIT BUSINESS CYCLE CALCULATIONS CAPACITY BUILDING CAPITAL FLOWS CAPITAL INVESTMENTS CAPITAL MARKETS CARS CASH FLOW CHECKS COLLATERAL COMPETITIVE BIDDING CONGESTION CONTINGENT LIABILITIES CONTRACT LAW CONTRACT RENEGOTIATION CONTRACT RENEGOTIATIONS CONTRIBUTION CONTRIBUTIONS COST OF CAPITAL CREDIT ENHANCEMENT CREDIT RATING CREDIT RATINGS DEBT DEBT FINANCING DEBT REPAYMENT DEBT SERVICE DEBT SERVICING DEBT-SERVICE DEMAND FOR TRANSPORT DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOUBLE TAXATION DRIVERS DRIVING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EIB EMERGING MARKETS ENFORCEMENT OF CONTRACT EXPENDITURE EXPENDITURES FINANCIAL ANALYSIS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SUPPORT FINANCIAL TROUBLE FISCAL CONSTRAINTS FISCAL DISCIPLINE FISCAL POSITIONS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FREE ROADS GLOBAL BUSINESS GOVERNMENT BUDGET GOVERNMENT FINANCING GOVERNMENT POLICY GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGHWAY HIGHWAY NETWORK HIGHWAYS HOLDING INCOME INFLATION INFLATION RATE INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATE INTERNAL RATE OF RETURN INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INTERNATIONAL TRADE LAW INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT PROGRAMS INVESTMENT PROJECTS LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTIONS LEGISLATION LEGISLATIVE FRAMEWORK LENDERS LEVY LIABILITY LLC LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MAJOR ASSET MARKET ECONOMY MATURE CAPITAL MARKETS MATURITIES MATURITY MINISTRIES OF FINANCE MONETARY FUND MOTORWAYS MUNICIPALITIES NATIONAL ECONOMIES PASSENGER TRANSPORT PERFORMANCE RISK POLITICAL UNCERTAINTY POOR CREDIT POOR CREDIT RATING POTENTIAL INVESTORS POVERTY ALLEVIATION PRESENT VALUE PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR INVESTMENT PRIVATE TRANSPORT PRODUCTIVITY PROFITABILITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SERVICE PROVISION PUBLIC SERVICES QUANTITATIVE ANALYSIS RAILROADS RAILWAY RAILWAY SECTOR RAILWAYS RAPID DEVELOPMENT RECESSION RECURRENT EXPENDITURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENEGOTIATION RENEGOTIATIONS RETURN ON EQUITY RETURN ON INVESTMENT RETURNS RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISK SHARING ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD PROJECTS ROAD SECTOR ROAD SYSTEM ROAD USE ROAD USERS ROADS SAFETY SAVINGS SHAREHOLDERS STAKEHOLDERS STATE PROPERTY SUBSIDIARY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOLL TOLL COLLECTION TOLL MOTORWAY TOLL MOTORWAYS TOLL ROAD TOLL ROADS TOLLS TOTAL ANNUAL INVESTMENT TOTAL COST TRAFFIC TRAFFIC DEMAND TRAFFIC LEVELS TRAFFIC RISK TRAFFIC VOLUMES TRAM TRANSACTION TRANSACTION COSTS TRANSIT TRANSITION COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SYSTEMS TREASURY TREATY VALUABLE VEHICLE VEHICLES WORTH
Online Access:	http://documents.worldbank.org/curated/en/2009/06/10849443/private-participation-transport-sector-lessons-recent-experience-europe-central-asia http://hdl.handle.net/10986/17462

Description
Summary:	This report was commissioned to draw lessons from the experiences with public private partnerships (PPPs) in the transport sector in Europe and Central Asia (ECA) countries. The report will review experiences to date with private participation in the transport sector with a primary focus on experiences in the ECA countries and Europe. To carefully prepare and select the most desirable PPP projects during the most severe economic downturn since the Second World War, availability of regional best practices would be helpful. This report will provide guidance for successful PPP implementation and will hopefully encourage public authorities to critically evaluate their project designs. The lessons from this study apply regardless of the financial crisis. While the dire economic environment will considerably impact the current PPP pipeline, the fundamental success factors for these projects will remain the same. During times of economic turmoil, evaluating past investment projects can provide lessons for stimulating the next period of economic growth. The report discusses the impact of the financial crisis separately in annex B.

Private Participation in the Transport Sector : Lessons from Recent Experience in Europe and Central Asia

Similar Items