Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience?
The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in infrastruc...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/11/7154717/urban-infrastructure-finance-private-operators-learned-recent-experience http://hdl.handle.net/10986/9019 |
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okr-10986-90192021-04-23T14:02:41Z Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? Annez, Patricia Clarke ACCOUNTING AUTOMOBILE AUTOMOBILE PRODUCTION BASIC SERVICES BOND ISSUES BONDS BRIDGE BRIDGE CONSTRUCTION BUSES CAPITAL MARKETS CENTRAL GOVERNMENTS CITIES CITY STREETS CONGESTION DEBT DRAINAGE ECONOMIC GROWTH ELECTRICITY EXPRESSWAYS EXTERNALITIES FARES FINANCIAL SAVINGS FIRE HYDRANTS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT GUARANTEES GOVERNMENT SPENDING HIGHWAYS HOUSING INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES LOCAL GOVERNMENT SPENDING LOCAL GOVERNMENTS MUNICIPAL INFRASTRUCTURE MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENTS NEIGHBORHOOD NEIGHBORHOODS O&M PEAK PERIOD PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PUBLIC PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR OPERATORS PUBLIC SERVICE PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC TRANSPORT RAPID TRANSIT RAPID TRANSPORT SANITATION SOLID WASTE DISPOSAL STATE OWNED ENTERPRISES STREETLIGHTS SUB-NATIONAL GOVERNMENTS SUB-SAHARAN AFRICA TAX TAX REVENUES TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRAINS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORT SERVICES TRANSPORTATION URBAN AREAS URBAN INFRASTRUCTURE URBAN POPULATION URBAN ROADS URBAN SERVICES URBAN TRANSPORT URBAN TRANSPORTATION URBANIZATION USER CHARGES UTILITIES WASTE WATER SUPPLY The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in infrastructure development. Her review indicates that for financing urban services, PPI has disappointed-playing a far less significant role than was hoped for, and which might be expected given the attention it has received and continues to receive in strategies to mobilize financing for infrastructure. Looking beyond the number, the author examines transactions and finds that there are good reasons-practical, political, economic and institutional-for these disappointments. Recommending that cities in developing countries try harder is not likely to relieve all these constraints. Experience shows that there are a number of features that raise the risk profile of urban infrastructure for private investors, which has meant that the bulk of the transactions that have taken place have been exceptions rather than harbingers of a growing trend. Many of the measures that could reduce the risk profile are outside the control of many cities, others unlikely to change, and yet another group of steps to be taken that would improve prospects for urban service provision, whether in the hands of public or private operators. These findings suggest a more pragmatic and selective approach to the focus on PPI as a source of finance, and more focus on the array of some of the fundamental steps, among them strengthening the public finances of cities to improve both the capacity to deliver services and to reduce the risks that private investors must take when they invest in urban infrastructure. 2012-06-26T14:34:23Z 2012-06-26T14:34:23Z 2006-11 http://documents.worldbank.org/curated/en/2006/11/7154717/urban-infrastructure-finance-private-operators-learned-recent-experience http://hdl.handle.net/10986/9019 English en_US Policy Research Working Paper; No. 4045 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| 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 |
ACCOUNTING AUTOMOBILE AUTOMOBILE PRODUCTION BASIC SERVICES BOND ISSUES BONDS BRIDGE BRIDGE CONSTRUCTION BUSES CAPITAL MARKETS CENTRAL GOVERNMENTS CITIES CITY STREETS CONGESTION DEBT DRAINAGE ECONOMIC GROWTH ELECTRICITY EXPRESSWAYS EXTERNALITIES FARES FINANCIAL SAVINGS FIRE HYDRANTS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT GUARANTEES GOVERNMENT SPENDING HIGHWAYS HOUSING INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES LOCAL GOVERNMENT SPENDING LOCAL GOVERNMENTS MUNICIPAL INFRASTRUCTURE MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENTS NEIGHBORHOOD NEIGHBORHOODS O&M PEAK PERIOD PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PUBLIC PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR OPERATORS PUBLIC SERVICE PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC TRANSPORT RAPID TRANSIT RAPID TRANSPORT SANITATION SOLID WASTE DISPOSAL STATE OWNED ENTERPRISES STREETLIGHTS SUB-NATIONAL GOVERNMENTS SUB-SAHARAN AFRICA TAX TAX REVENUES TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRAINS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORT SERVICES TRANSPORTATION URBAN AREAS URBAN INFRASTRUCTURE URBAN POPULATION URBAN ROADS URBAN SERVICES URBAN TRANSPORT URBAN TRANSPORTATION URBANIZATION USER CHARGES UTILITIES WASTE WATER SUPPLY |
| spellingShingle |
ACCOUNTING AUTOMOBILE AUTOMOBILE PRODUCTION BASIC SERVICES BOND ISSUES BONDS BRIDGE BRIDGE CONSTRUCTION BUSES CAPITAL MARKETS CENTRAL GOVERNMENTS CITIES CITY STREETS CONGESTION DEBT DRAINAGE ECONOMIC GROWTH ELECTRICITY EXPRESSWAYS EXTERNALITIES FARES FINANCIAL SAVINGS FIRE HYDRANTS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL RESPONSIBILITY GOVERNMENT GUARANTEES GOVERNMENT SPENDING HIGHWAYS HOUSING INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES LOCAL GOVERNMENT SPENDING LOCAL GOVERNMENTS MUNICIPAL INFRASTRUCTURE MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENTS NEIGHBORHOOD NEIGHBORHOODS O&M PEAK PERIOD PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PUBLIC PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR OPERATORS PUBLIC SERVICE PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC TRANSPORT RAPID TRANSIT RAPID TRANSPORT SANITATION SOLID WASTE DISPOSAL STATE OWNED ENTERPRISES STREETLIGHTS SUB-NATIONAL GOVERNMENTS SUB-SAHARAN AFRICA TAX TAX REVENUES TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRAINS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT PROJECTS TRANSPORT SERVICES TRANSPORTATION URBAN AREAS URBAN INFRASTRUCTURE URBAN POPULATION URBAN ROADS URBAN SERVICES URBAN TRANSPORT URBAN TRANSPORTATION URBANIZATION USER CHARGES UTILITIES WASTE WATER SUPPLY Annez, Patricia Clarke Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| relation |
Policy Research Working Paper; No. 4045 |
| description |
The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in infrastructure development. Her review indicates that for financing urban services, PPI has disappointed-playing a far less significant role than was hoped for, and which might be expected given the attention it has received and continues to receive in strategies to mobilize financing for infrastructure. Looking beyond the number, the author examines transactions and finds that there are good reasons-practical, political, economic and institutional-for these disappointments. Recommending that cities in developing countries try harder is not likely to relieve all these constraints. Experience shows that there are a number of features that raise the risk profile of urban infrastructure for private investors, which has meant that the bulk of the transactions that have taken place have been exceptions rather than harbingers of a growing trend. Many of the measures that could reduce the risk profile are outside the control of many cities, others unlikely to change, and yet another group of steps to be taken that would improve prospects for urban service provision, whether in the hands of public or private operators. These findings suggest a more pragmatic and selective approach to the focus on PPI as a source of finance, and more focus on the array of some of the fundamental steps, among them strengthening the public finances of cities to improve both the capacity to deliver services and to reduce the risks that private investors must take when they invest in urban infrastructure. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Annez, Patricia Clarke |
| author_facet |
Annez, Patricia Clarke |
| author_sort |
Annez, Patricia Clarke |
| title |
Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| title_short |
Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| title_full |
Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| title_fullStr |
Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| title_full_unstemmed |
Urban Infrastructure Finance from Private Operators: What Have We Learned From Recent Experience? |
| title_sort |
urban infrastructure finance from private operators: what have we learned from recent experience? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/11/7154717/urban-infrastructure-finance-private-operators-learned-recent-experience http://hdl.handle.net/10986/9019 |
| _version_ |
1764406733438976000 |