Private Participation in Urban Rail : A Resurgence of Public-Private Partnerships
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....
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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 |