Private Sector Involvement in Road Financing
Achieving private sector involvement in financing, provision and management of roads requires specialized legal and institutional frameworks, public sector expertise, advisor support and sustained political commitment. In many African States, there...
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| Format: | Publications & Research |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/12/23853789/private-sector-involvement-road-financing http://hdl.handle.net/10986/21572 |
| id |
okr-10986-21572 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCELERATION ACCESS ROAD ACCIDENT RATES ACCIDENT RISK AIR AIR POLLUTION AIRPORT ALLOCATION OF RISKS ALTERNATIVE ROUTE ARBITRATION BODY AVERAGE DAILY TRAFFIC AVERAGE SPEED BITUMEN BRIDGE BRIDGES BUSES BYPASSES CAPACITY BUILDING CAPITAL COSTS CAPITAL EXPENDITURE CAR CAR OWNERSHIP CAR USERS CARRIAGEWAY CARS CATCHMENT COMMERCIAL BANKS COMMERCIAL LENDERS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCEDURES COMPETITIVE BIDDING PROCESS CONCESSION CONCESSION AGREEMENTS CONCESSION CONTRACT CONCESSION MODEL CONCESSION PROJECT CONCESSIONS CONGESTION CONTRACT MANAGEMENT DEBT DEBT SERVICE DEBT SERVICING DIVIDEND PAYMENTS DUAL CARRIAGEWAYS DUE DILIGENCE ECONOMIC APPRAISAL ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFICIENT ALLOCATION EQUITY PARTNERS ESCALATION FORMULA EXCHANGE RATE FINANCE CORPORATION FINANCIAL ADVISOR FINANCIAL CLOSURE FINANCIAL CRISIS FINANCIAL RISKS FUEL GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GRADE GREENHOUSE GASES HIGHWAY HIGHWAY AUTHORITY HIGHWAY CONSTRUCTION HIGHWAY CORRIDOR HIGHWAY IMPROVEMENTS HIGHWAY INVESTMENT HIGHWAY INVESTMENTS HIGHWAY NETWORK HIGHWAY PROJECT HIGHWAY TOLL HIGHWAY USERS HIGHWAYS HIGHWAYREVENUE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INSTITUTIONAL FRAMEWORK INSTITUTIONAL FRAMEWORKS INSURANCE INTERCHANGES INTERNATIONAL AIRPORT INTERNATIONAL ARBITRATION INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INTERNATIONAL TRAVEL INTERSECTION INTERSECTIONS INVESTMENT PROGRAM JOURNEY JOURNEY TIME JUDGMENT JURISDICTIONS LAND ACQUISITION LAND TRANSPORT LAND USE LANES LEASE AGREEMENTS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGISLATIVE FRAMEWORK LOAN LOCAL AUTHORITIES LOCAL TRAFFIC LONG-DISTANCE MAIN ROAD MAINTENANCE COSTS MANAGEMENT CONTRACTS MANAGEMENT OF INFRASTRUCTURE MARITIME TRANSPORT MIXED TRAFFIC MOTORCYCLES NEGOTIATIONS NET PRESENT VALUE PAYMENT MECHANISMS PCU PEDESTRIANS POLLUTION PRESENT VALUE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE PARTY PRIVATE SECTOR DEBT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PUBLIC FINANCE PUBLIC FINANCING PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC PRIVATE PARTNERSHIPS RAIL LINK RAPID RAIL RATE OF RETURN REGIONAL TRANSPORTATION RESETTLEMENT RIGHT OF WAY RIGHT-OF-WAY RISK ALLOCATION RISK SHARING RISK TRANSFER RMI ROAD ROAD CONSTRUCTION ROAD FINANCING ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROAD MANAGEMENT ROAD NETWORK ROAD PROJECTS ROAD SAFETY ROAD SECTOR ROAD TUNNEL ROAD TYPE ROAD TYPES ROAD USER ROAD USERS ROADS ROUTE ROUTES SAFETY SERVICE CONTRACTS SHADOW TOLLS SOCIAL IMPACT ASSESSMENT SOVEREIGN GUARANTEES SUBURBS TAX TAXI DRIVERS TAXIS TENDER DOCUMENTS TOLL TOLL COLLECTION TOLL HIGHWAY TOLL PLAZA TOLL PLAZAS TOLL RATES TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD OPERATING COMPANY TOLL ROAD PROJECTS TOLL ROADS TOLLS TRAFFIC TRAFFIC COMPOSITION TRAFFIC COUNTS TRAFFIC DELAYS TRAFFIC FORECASTS TRAFFIC MANAGEMENT TRAFFIC MANAGEMENT MEASURES TRAFFIC RISK TRAFFIC VOLUME TRAFFIC VOLUMES TRANSACTION COSTS TRANSFER CONCESSIONS TRANSPARENCY TRANSPORT TRANSPORT PLANNING TRANSPORT POLICY TRANSPORT POLICY FRAMEWORK TRANSPORT POLICY GOALS TRANSPORT POLICY OBJECTIVES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION STRATEGIES TRANSPORTS TRAVEL TIME TRAVEL TIMES TRAVELERS TRUCKS TRUNK ROADS TUNNEL CROSSING TYPES OF ROAD URBAN HIGHWAY VEHICLE VEHICLE OPERATING VEHICLE OPERATING COSTS VEHICLES WEALTH |
| spellingShingle |
ACCELERATION ACCESS ROAD ACCIDENT RATES ACCIDENT RISK AIR AIR POLLUTION AIRPORT ALLOCATION OF RISKS ALTERNATIVE ROUTE ARBITRATION BODY AVERAGE DAILY TRAFFIC AVERAGE SPEED BITUMEN BRIDGE BRIDGES BUSES BYPASSES CAPACITY BUILDING CAPITAL COSTS CAPITAL EXPENDITURE CAR CAR OWNERSHIP CAR USERS CARRIAGEWAY CARS CATCHMENT COMMERCIAL BANKS COMMERCIAL LENDERS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCEDURES COMPETITIVE BIDDING PROCESS CONCESSION CONCESSION AGREEMENTS CONCESSION CONTRACT CONCESSION MODEL CONCESSION PROJECT CONCESSIONS CONGESTION CONTRACT MANAGEMENT DEBT DEBT SERVICE DEBT SERVICING DIVIDEND PAYMENTS DUAL CARRIAGEWAYS DUE DILIGENCE ECONOMIC APPRAISAL ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFICIENT ALLOCATION EQUITY PARTNERS ESCALATION FORMULA EXCHANGE RATE FINANCE CORPORATION FINANCIAL ADVISOR FINANCIAL CLOSURE FINANCIAL CRISIS FINANCIAL RISKS FUEL GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GRADE GREENHOUSE GASES HIGHWAY HIGHWAY AUTHORITY HIGHWAY CONSTRUCTION HIGHWAY CORRIDOR HIGHWAY IMPROVEMENTS HIGHWAY INVESTMENT HIGHWAY INVESTMENTS HIGHWAY NETWORK HIGHWAY PROJECT HIGHWAY TOLL HIGHWAY USERS HIGHWAYS HIGHWAYREVENUE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INSTITUTIONAL FRAMEWORK INSTITUTIONAL FRAMEWORKS INSURANCE INTERCHANGES INTERNATIONAL AIRPORT INTERNATIONAL ARBITRATION INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INTERNATIONAL TRAVEL INTERSECTION INTERSECTIONS INVESTMENT PROGRAM JOURNEY JOURNEY TIME JUDGMENT JURISDICTIONS LAND ACQUISITION LAND TRANSPORT LAND USE LANES LEASE AGREEMENTS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGISLATIVE FRAMEWORK LOAN LOCAL AUTHORITIES LOCAL TRAFFIC LONG-DISTANCE MAIN ROAD MAINTENANCE COSTS MANAGEMENT CONTRACTS MANAGEMENT OF INFRASTRUCTURE MARITIME TRANSPORT MIXED TRAFFIC MOTORCYCLES NEGOTIATIONS NET PRESENT VALUE PAYMENT MECHANISMS PCU PEDESTRIANS POLLUTION PRESENT VALUE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE PARTY PRIVATE SECTOR DEBT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PUBLIC FINANCE PUBLIC FINANCING PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC PRIVATE PARTNERSHIPS RAIL LINK RAPID RAIL RATE OF RETURN REGIONAL TRANSPORTATION RESETTLEMENT RIGHT OF WAY RIGHT-OF-WAY RISK ALLOCATION RISK SHARING RISK TRANSFER RMI ROAD ROAD CONSTRUCTION ROAD FINANCING ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROAD MANAGEMENT ROAD NETWORK ROAD PROJECTS ROAD SAFETY ROAD SECTOR ROAD TUNNEL ROAD TYPE ROAD TYPES ROAD USER ROAD USERS ROADS ROUTE ROUTES SAFETY SERVICE CONTRACTS SHADOW TOLLS SOCIAL IMPACT ASSESSMENT SOVEREIGN GUARANTEES SUBURBS TAX TAXI DRIVERS TAXIS TENDER DOCUMENTS TOLL TOLL COLLECTION TOLL HIGHWAY TOLL PLAZA TOLL PLAZAS TOLL RATES TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD OPERATING COMPANY TOLL ROAD PROJECTS TOLL ROADS TOLLS TRAFFIC TRAFFIC COMPOSITION TRAFFIC COUNTS TRAFFIC DELAYS TRAFFIC FORECASTS TRAFFIC MANAGEMENT TRAFFIC MANAGEMENT MEASURES TRAFFIC RISK TRAFFIC VOLUME TRAFFIC VOLUMES TRANSACTION COSTS TRANSFER CONCESSIONS TRANSPARENCY TRANSPORT TRANSPORT PLANNING TRANSPORT POLICY TRANSPORT POLICY FRAMEWORK TRANSPORT POLICY GOALS TRANSPORT POLICY OBJECTIVES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION STRATEGIES TRANSPORTS TRAVEL TIME TRAVEL TIMES TRAVELERS TRUCKS TRUNK ROADS TUNNEL CROSSING TYPES OF ROAD URBAN HIGHWAY VEHICLE VEHICLE OPERATING VEHICLE OPERATING COSTS VEHICLES WEALTH Brocklebank, Peter Private Sector Involvement in Road Financing |
| geographic_facet |
Sub-Saharan Africa |
| relation |
Sub-Saharan Africa Transport Policy Program
(SSATP) discussion paper;no. 102 |
| description |
Achieving private sector involvement in
financing, provision and management of roads requires
specialized legal and institutional frameworks, public
sector expertise, advisor support and sustained political
commitment. In many African States, there is little
experience of private sector involvement in the road sector
but there is encouragement to promote such involvement from
development partners. Increased private sector involvement
in public sector procurement has been for many years an
important aspect of the infrastructure investment policy of
development partners, such as the World Bank and the African
Development Bank. Public Private Partnerships (PPPs) are one
of a number of initiatives being pursued within Africa, in
relation to road sector reforms. In particular, the road
sector reforms under the Road Management Initiative (RMI),
launched in 1988 by the SSATP and the World Bank, in
collaboration with other development partners have sought to
improve road service delivery by reforming public sector
institutions and legislation through clearly defined
responsibility, ownership, stable financing and
commercialized road management. Section two of this paper
provides the general requirements for private sector
involvement in road financing, provision and management,
including contractual and procurement issues. Section 3
introduces the three case study projects. Sections four,
five, and six provide the findings of the case studies
undertaken in Dakar, Accra and Lagos respectively. Section
seven summarizes the conclusions of key issues and policy
guidance from the case study analysis. |
| format |
Publications & Research |
| author |
Brocklebank, Peter |
| author_facet |
Brocklebank, Peter |
| author_sort |
Brocklebank, Peter |
| title |
Private Sector Involvement in Road Financing |
| title_short |
Private Sector Involvement in Road Financing |
| title_full |
Private Sector Involvement in Road Financing |
| title_fullStr |
Private Sector Involvement in Road Financing |
| title_full_unstemmed |
Private Sector Involvement in Road Financing |
| title_sort |
private sector involvement in road financing |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/12/23853789/private-sector-involvement-road-financing http://hdl.handle.net/10986/21572 |
| _version_ |
1764448677075615744 |
| spelling |
okr-10986-215722021-04-23T14:04:03Z Private Sector Involvement in Road Financing Brocklebank, Peter ACCELERATION ACCESS ROAD ACCIDENT RATES ACCIDENT RISK AIR AIR POLLUTION AIRPORT ALLOCATION OF RISKS ALTERNATIVE ROUTE ARBITRATION BODY AVERAGE DAILY TRAFFIC AVERAGE SPEED BITUMEN BRIDGE BRIDGES BUSES BYPASSES CAPACITY BUILDING CAPITAL COSTS CAPITAL EXPENDITURE CAR CAR OWNERSHIP CAR USERS CARRIAGEWAY CARS CATCHMENT COMMERCIAL BANKS COMMERCIAL LENDERS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCEDURES COMPETITIVE BIDDING PROCESS CONCESSION CONCESSION AGREEMENTS CONCESSION CONTRACT CONCESSION MODEL CONCESSION PROJECT CONCESSIONS CONGESTION CONTRACT MANAGEMENT DEBT DEBT SERVICE DEBT SERVICING DIVIDEND PAYMENTS DUAL CARRIAGEWAYS DUE DILIGENCE ECONOMIC APPRAISAL ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EFFICIENT ALLOCATION EQUITY PARTNERS ESCALATION FORMULA EXCHANGE RATE FINANCE CORPORATION FINANCIAL ADVISOR FINANCIAL CLOSURE FINANCIAL CRISIS FINANCIAL RISKS FUEL GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GRADE GREENHOUSE GASES HIGHWAY HIGHWAY AUTHORITY HIGHWAY CONSTRUCTION HIGHWAY CORRIDOR HIGHWAY IMPROVEMENTS HIGHWAY INVESTMENT HIGHWAY INVESTMENTS HIGHWAY NETWORK HIGHWAY PROJECT HIGHWAY TOLL HIGHWAY USERS HIGHWAYS HIGHWAYREVENUE INCOME INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INSTITUTIONAL FRAMEWORK INSTITUTIONAL FRAMEWORKS INSURANCE INTERCHANGES INTERNATIONAL AIRPORT INTERNATIONAL ARBITRATION INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTORS INTERNATIONAL TRAVEL INTERSECTION INTERSECTIONS INVESTMENT PROGRAM JOURNEY JOURNEY TIME JUDGMENT JURISDICTIONS LAND ACQUISITION LAND TRANSPORT LAND USE LANES LEASE AGREEMENTS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGISLATIVE FRAMEWORK LOAN LOCAL AUTHORITIES LOCAL TRAFFIC LONG-DISTANCE MAIN ROAD MAINTENANCE COSTS MANAGEMENT CONTRACTS MANAGEMENT OF INFRASTRUCTURE MARITIME TRANSPORT MIXED TRAFFIC MOTORCYCLES NEGOTIATIONS NET PRESENT VALUE PAYMENT MECHANISMS PCU PEDESTRIANS POLLUTION PRESENT VALUE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE PARTY PRIVATE SECTOR DEBT PRIVATE SECTOR INVOLVEMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROCUREMENT PUBLIC FINANCE PUBLIC FINANCING PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC PRIVATE PARTNERSHIPS RAIL LINK RAPID RAIL RATE OF RETURN REGIONAL TRANSPORTATION RESETTLEMENT RIGHT OF WAY RIGHT-OF-WAY RISK ALLOCATION RISK SHARING RISK TRANSFER RMI ROAD ROAD CONSTRUCTION ROAD FINANCING ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROAD MANAGEMENT ROAD NETWORK ROAD PROJECTS ROAD SAFETY ROAD SECTOR ROAD TUNNEL ROAD TYPE ROAD TYPES ROAD USER ROAD USERS ROADS ROUTE ROUTES SAFETY SERVICE CONTRACTS SHADOW TOLLS SOCIAL IMPACT ASSESSMENT SOVEREIGN GUARANTEES SUBURBS TAX TAXI DRIVERS TAXIS TENDER DOCUMENTS TOLL TOLL COLLECTION TOLL HIGHWAY TOLL PLAZA TOLL PLAZAS TOLL RATES TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD OPERATING COMPANY TOLL ROAD PROJECTS TOLL ROADS TOLLS TRAFFIC TRAFFIC COMPOSITION TRAFFIC COUNTS TRAFFIC DELAYS TRAFFIC FORECASTS TRAFFIC MANAGEMENT TRAFFIC MANAGEMENT MEASURES TRAFFIC RISK TRAFFIC VOLUME TRAFFIC VOLUMES TRANSACTION COSTS TRANSFER CONCESSIONS TRANSPARENCY TRANSPORT TRANSPORT PLANNING TRANSPORT POLICY TRANSPORT POLICY FRAMEWORK TRANSPORT POLICY GOALS TRANSPORT POLICY OBJECTIVES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORTATION STRATEGIES TRANSPORTS TRAVEL TIME TRAVEL TIMES TRAVELERS TRUCKS TRUNK ROADS TUNNEL CROSSING TYPES OF ROAD URBAN HIGHWAY VEHICLE VEHICLE OPERATING VEHICLE OPERATING COSTS VEHICLES WEALTH Achieving private sector involvement in financing, provision and management of roads requires specialized legal and institutional frameworks, public sector expertise, advisor support and sustained political commitment. In many African States, there is little experience of private sector involvement in the road sector but there is encouragement to promote such involvement from development partners. Increased private sector involvement in public sector procurement has been for many years an important aspect of the infrastructure investment policy of development partners, such as the World Bank and the African Development Bank. Public Private Partnerships (PPPs) are one of a number of initiatives being pursued within Africa, in relation to road sector reforms. In particular, the road sector reforms under the Road Management Initiative (RMI), launched in 1988 by the SSATP and the World Bank, in collaboration with other development partners have sought to improve road service delivery by reforming public sector institutions and legislation through clearly defined responsibility, ownership, stable financing and commercialized road management. Section two of this paper provides the general requirements for private sector involvement in road financing, provision and management, including contractual and procurement issues. Section 3 introduces the three case study projects. Sections four, five, and six provide the findings of the case studies undertaken in Dakar, Accra and Lagos respectively. Section seven summarizes the conclusions of key issues and policy guidance from the case study analysis. 2015-03-10T19:50:23Z 2015-03-10T19:50:23Z 2014-12 http://documents.worldbank.org/curated/en/2014/12/23853789/private-sector-involvement-road-financing http://hdl.handle.net/10986/21572 English en_US Sub-Saharan Africa Transport Policy Program (SSATP) discussion paper;no. 102 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Sub-Saharan Africa |