Private Infrastructure in Developing Countries : Lessons from Recent Experience

Beginning in the late 1980s many developing countries turned to the private sector to provide basic infrastructure and utility services, such as highways, railroads, water, wastewater, electricity, gas, and telecommunications. Recent studies sugges...

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Bibliographic Details
Main Author:	Gómez-Ibáñez, José A.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCESS LEVELS ADVERSE EFFECTS AMOUNT OF CAPITAL ARBITRATION AUCTION BANKRUPTCIES BANKRUPTCY BASIC INFRASTRUCTURE BASIS POINTS BIDS BUDGETARY SUPPORT CAPITAL COSTS CAPITAL MARKETS CAPITAL STOCKS CLEAN WATER COMPANY COMPETITIVE BIDDING COMPETITIVE TENDER CONNECTION CHARGES CONTRACT COMPLIANCE CONTRACT RENEGOTIATION COOPERATIVES CORPORATION CORRUPTION COST OF CAPITAL COSTS OF CAPITAL COUNTRY RISK CROSS SUBSIDIES CUBIC METER OF WATER CURRENCY DEBT DEBTS DEPOSITORS DEREGULATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPING ECONOMY DEVELOPMENT BANK DEVELOPMENT BANKS DIVIDEND DIVIDENDS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DRINKING WATER DURABLE EARNINGS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIES OF SCALE EMPLOYEE EMPLOYMENT EQUITY MARKET EQUITY MARKETS EXCHANGE RATE EXPANSION EXPENDITURE EXPENDITURES EXPROPRIATION FAIR VALUE FARMERS FINANCIAL BURDEN FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL RESOURCES FINANCIAL STATEMENTS FISCAL POLICIES FISCAL RESOURCES FIXED CHARGES FIXED RATES FLOATING RATES FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN EXCHANGE RISKS FOREIGN FINANCING FOREIGN FIRM FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNMENT BUDGETS GOVERNMENT REGULATION GOVERNMENT SUBSIDIES GUARANTEE AGENCY HOST COUNTRY HOST GOVERNMENT INCOME INCOME LEVELS INFLATION INFRASTRUCTURE BONDS INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INSTITUTIONAL ENVIRONMENT INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTOR INTERESTS LARGE ENTERPRISES LAWS LEGAL PROTECTIONS LENDERS LIABILITY LOAN LOCAL BANKS LOCAL CAPITAL MARKETS LOCAL CURRENCY LOCAL GOVERNMENT LOCAL MARKETS MACROECONOMIC STABILITY MARKET REFORMS MINORITY SHAREHOLDERS MONOPOLY MULTINATIONAL ORIGINAL CONTRACTS OUTPUT OUTPUTS PARENT COMPANIES PENSION PENSION FUNDS PERPETUITY POLITICAL RISK POLITICAL RISK INSURANCE POOR HOUSEHOLDS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE CONCESSIONAIRES PRIVATE DEBT PRIVATE ENTERPRISES PRIVATE FINANCE PRIVATE FIRM PRIVATE FIRMS PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTMENT IN WATER PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE PARTIES PRIVATE PROPERTY PRIVATE UTILITIES PRIVATE WATER PRIVATE WATER COMPANIES PRIVATIZATION PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PRIVATIZATIONS PRODUCTIVITY PROFITABILITY PROVISION OF INFRASTRUCTURE PUBLIC ASSETS PUBLIC DEBT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC WATER QUALITY OF SERVICE RAPID ECONOMIC GROWTH RATE OF INVESTMENT RATE OF RETURN REGIONAL BANKS REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY SYSTEM REGULATORY SYSTEMS RENEGOTIATION RENEGOTIATIONS REPAYMENT RETURN RETURN ON INVESTMENT RETURNS RIGHTS OF MINORITY SHAREHOLDERS RISK MANAGEMENT ROADS SAVINGS SEIZURE SERVICE QUALITY SERVICE TO CUSTOMERS SETTLEMENT SMALL COUNTRIES SMALL COUNTRY SOCIAL SERVICES SOVEREIGN DEBT SPONSORS STATE ENTERPRISES STRATEGIC INVESTORS SUBSIDIARY SWAPS TARIFF INCREASES TECHNOLOGICAL CHANGES TELECOMMUNICATIONS TELEPHONE SERVICE TELEPHONE SERVICES TRADING TRANSACTION TRANSPORT TREATIES UNEMPLOYMENT URBAN WATER URBAN WATER SUPPLY UTILITY COMPANIES WATER BILLS WATER COMPANIES WATER CONNECTION WATER ENTERPRISES WATER SERVICES WATER SHORTAGES WATER TARIFFS WATER TREATMENT WATER TREATMENT PLANTS WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/792651468330979826/Private-infrastructure-in-developing-countries-lessons-from-recent-experience http://hdl.handle.net/10986/28019

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Summary:	Beginning in the late 1980s many developing countries turned to the private sector to provide basic infrastructure and utility services, such as highways, railroads, water, wastewater, electricity, gas, and telecommunications. Recent studies suggest that private involvement often benefited customers and reduced government fiscal problems without harming employees or enriching private providers excessively. There were enough high-profile failures, however, to discredit this reform in many quarters. Private involvement is likely to be more successful if it generates real efficiency gains rather than simply transferring costs among parties, if the systems of regulating the private companies are politically sensitive as well as technically competent, if the costs and constraints of private capital are not excessive, and if we are willing to adopt more modest and gradual schemes in difficult circumstances.

Private Infrastructure in Developing Countries : Lessons from Recent Experience

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