id okr-10986-22305
recordtype oai_dc
spelling okr-10986-223052021-04-23T14:04:08Z Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships Pulido, Daniel Hirschhorn, Fabio INITIATIVES HEAVY RAIL SYSTEMS PUBLIC AGENCIES PUBLIC SECTOR CAPACITY PRIVATE SECTOR PARTICIPATION HEAVY RAIL TRANSIT RIDERS AIRPORT RIDERSHIP RAIL PROJECT TRANSPORT PARTICIPATION MANAGEMENT TEAM RAIL PUBLIC SECTOR CONTRACTS RAIL LINES CONCESSIONS INVESTMENTS RAIL SYSTEMS PRIVATE PARTNERSHIPS REVENUES RAIL SERVICE LIGHT RAIL PPP PROPERTY BIDS BIDDERS INSTITUTIONAL FRAMEWORK PRIVATE PARTICIPATION PRIVATE SECTOR ROLLING STOCK URBAN RAIL GOVERNMENTS PROJECTS PUBLIC WORKS INFRASTRUCTURE PROJECTS CITIES RAIL PROJECTS UNDERGROUND PUBLIC PUBLIC INVESTMENT INFRASTRUCTURE MANAGEMENT Cities in the developing world are relying more on public-private partnerships (PPPs) to carry out the most complex and demanding of public works initiatives - the development of new urban heavy rail, or metros, usually involving underground lines. Most of the world’s metro systems are operated and were funded and built by public agencies. But developing country governments are shying away from the high cost and complexity of such systems and are acquiring more experience partnering with the private sector on infrastructure projects. Hence, the PPP approach, tried for metros with mixed results in the 1990s, has become more attractive. In the past five years, 2010-2014, five cities in Latin America and developing Asia have initiated seven new urban heavy rail lines using PPPs. In four of these projects, the PPPs are fully bundled, that is, they encompass design, financing, construction, and operations. It is too early to judge the overall performance of these seven projects, but some recommendations can be drawn from them as well as from earlier urban rail PPPs. The central lessons are the critical importance of a robust planning and management capacity in the public sector partner and the value of strong efficiency incentives for the private sector partners. 2015-07-28T17:41:39Z 2015-07-28T17:41:39Z 2015-03 Brief http://documents.worldbank.org/curated/en/2015/07/24441424/private-participation-urban-rail-resurgence-public-private-partnerships http://hdl.handle.net/10986/22305 English en_US Transport and ICT connections,no. 11; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Group, Washington, DC Publications & Research Publications & Research :: Brief
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 INITIATIVES
HEAVY RAIL SYSTEMS
PUBLIC AGENCIES
PUBLIC SECTOR CAPACITY
PRIVATE SECTOR PARTICIPATION
HEAVY RAIL
TRANSIT
RIDERS
AIRPORT
RIDERSHIP
RAIL PROJECT
TRANSPORT
PARTICIPATION
MANAGEMENT TEAM
RAIL
PUBLIC SECTOR
CONTRACTS
RAIL LINES
CONCESSIONS
INVESTMENTS
RAIL SYSTEMS
PRIVATE PARTNERSHIPS
REVENUES
RAIL SERVICE
LIGHT RAIL
PPP
PROPERTY
BIDS
BIDDERS
INSTITUTIONAL FRAMEWORK
PRIVATE PARTICIPATION
PRIVATE SECTOR
ROLLING STOCK
URBAN RAIL
GOVERNMENTS
PROJECTS
PUBLIC WORKS
INFRASTRUCTURE PROJECTS
CITIES
RAIL PROJECTS
UNDERGROUND
PUBLIC
PUBLIC INVESTMENT
INFRASTRUCTURE
MANAGEMENT
spellingShingle INITIATIVES
HEAVY RAIL SYSTEMS
PUBLIC AGENCIES
PUBLIC SECTOR CAPACITY
PRIVATE SECTOR PARTICIPATION
HEAVY RAIL
TRANSIT
RIDERS
AIRPORT
RIDERSHIP
RAIL PROJECT
TRANSPORT
PARTICIPATION
MANAGEMENT TEAM
RAIL
PUBLIC SECTOR
CONTRACTS
RAIL LINES
CONCESSIONS
INVESTMENTS
RAIL SYSTEMS
PRIVATE PARTNERSHIPS
REVENUES
RAIL SERVICE
LIGHT RAIL
PPP
PROPERTY
BIDS
BIDDERS
INSTITUTIONAL FRAMEWORK
PRIVATE PARTICIPATION
PRIVATE SECTOR
ROLLING STOCK
URBAN RAIL
GOVERNMENTS
PROJECTS
PUBLIC WORKS
INFRASTRUCTURE PROJECTS
CITIES
RAIL PROJECTS
UNDERGROUND
PUBLIC
PUBLIC INVESTMENT
INFRASTRUCTURE
MANAGEMENT
Pulido, Daniel
Hirschhorn, Fabio
Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
relation Transport and ICT connections,no. 11;
description Cities in the developing world are relying more on public-private partnerships (PPPs) to carry out the most complex and demanding of public works initiatives - the development of new urban heavy rail, or metros, usually involving underground lines. Most of the world’s metro systems are operated and were funded and built by public agencies. But developing country governments are shying away from the high cost and complexity of such systems and are acquiring more experience partnering with the private sector on infrastructure projects. Hence, the PPP approach, tried for metros with mixed results in the 1990s, has become more attractive. In the past five years, 2010-2014, five cities in Latin America and developing Asia have initiated seven new urban heavy rail lines using PPPs. In four of these projects, the PPPs are fully bundled, that is, they encompass design, financing, construction, and operations. It is too early to judge the overall performance of these seven projects, but some recommendations can be drawn from them as well as from earlier urban rail PPPs. The central lessons are the critical importance of a robust planning and management capacity in the public sector partner and the value of strong efficiency incentives for the private sector partners.
format Brief
author Pulido, Daniel
Hirschhorn, Fabio
author_facet Pulido, Daniel
Hirschhorn, Fabio
author_sort Pulido, Daniel
title Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
title_short Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
title_full Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
title_fullStr Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
title_full_unstemmed Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
title_sort private participation in urban rail : a resurgence of public-private partnerships
publisher World Bank Group, Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2015/07/24441424/private-participation-urban-rail-resurgence-public-private-partnerships
http://hdl.handle.net/10986/22305
_version_ 1764450765513949184