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Author : Andrew B. Bernard
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (96 download)
Download or read book Public and private provision of infrastructure and economic development written by Andrew B. Bernard and published by . This book was released on 1997 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carlos Oliveira Cruz
Publisher : Springer Science & Business Media
ISBN 13 : 3642369103
Total Pages : 189 pages
Book Rating : 4.6/5 (423 download)
Download or read book Infrastructure Public-Private Partnerships written by Carlos Oliveira Cruz and published by Springer Science & Business Media. This book was released on 2013-05-18 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic development and social welfare depend on the existence of effective and efficient infrastructure systems, particularly in health, energy, transportation and water, many of which are developed and managed through Public-Private Partnerships (PPPs). However, empirical evidence suggests some pitfalls in the use of these PPP arrangements. This book addresses these issues, focusing on mostly three key questions: How to improve the robustness of the decision-making process leading to the option of PPP? How to improve contract management as the longest phase of the process? How can contracts be improved to accommodate uncertainty and avoid harmful renegotiations? The authors explore the concept of flexible contracts, the uncertainty modeling for improving the robustness of the decision-making process, and develop an overall framework for effective contract management, along with a comprehensive analysis of current renegotiation patterns. The ultimate goal is to improve the contractual performance, as well as the overall infrastructure management and social welfare.
Author : Darrin Grimsey
Publisher : Edward Elgar Publishing
ISBN 13 : 1845423437
Total Pages : 284 pages
Book Rating : 4.8/5 (454 download)
Download or read book Public Private Partnerships written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This path-breaking book considers the recent trend for governments to look increasingly to private sector finance, provided by private enterprises constructing and managing public infrastructure facilities in partnership with government bodies. 'The boundaries between the public and private sector are the most important political issue of our time.'
Author : John B. Miller
Publisher : Springer Science & Business Media
ISBN 13 : 147576278X
Total Pages : 677 pages
Book Rating : 4.4/5 (757 download)
Download or read book Principles of Public and Private Infrastructure Delivery written by John B. Miller and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential to anyone involved in the planning, design, construction, operation, or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how public and private owners can better manage their entire collection of infrastructure facilities.
Author : Clive Harris
Publisher : World Bank Publications
ISBN 13 : 9780821355121
Total Pages : 60 pages
Book Rating : 4.3/5 (551 download)
Download or read book Private Participation in Infrastructure in Developing Countries written by Clive Harris and published by World Bank Publications. This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s.
Author : Manal Fouad
Publisher : International Monetary Fund
ISBN 13 : 1513576569
Total Pages : 61 pages
Book Rating : 4.5/5 (135 download)
Download or read book Mastering the Risky Business of Public-Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Author : Clive Harris
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.F/5 ( download)
Download or read book Private Participation in Infrastructure in Developing Countries written by Clive Harris and published by World Bank Publications. This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Many of the problems are related to difficulties in sustaining cost-covering user fees for these sectors. This study aims to distill the experience over the last 15 years. The main factors in the growth and subsequent decline are examined. The report assesses the impact that the private provision of infrastructure has had on service delivery and analyzes the consequences for other important goals. Main policy lessons are provided for governments that seek to ensure that the supply of infrastructure services does not become a bottleneck to growth."--BOOK JACKET.
Author : Penelope J. Brook
Publisher : World Bank Publications
ISBN 13 : 9780821353424
Total Pages : 314 pages
Book Rating : 4.3/5 (534 download)
Download or read book Infrastructure for Poor People written by Penelope J. Brook and published by World Bank Publications. This book was released on 2003 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last two decades many governments have allowed private companies to offer infrastructure services which were previously provided only by state-owned businesses. In some cases they have privatized state-owned business and in others, they have permitted private firms to invest in and operate those businesses under lease contracts or long-term concessions. In still other instances, private firms have been allowed to compete alongside former government monopolists. 'Infrastructure for Poor People' examines the data on infrastructure and the poor in developing countries, and discusses how policies, centered on private provision, can address their needs. It focuses on the design of government policy for the provision of infrastructure services by private firms, highlighting the rules determining which firms can sell infrastructure services, the prices they can charge, the quality of service they must offer, and any subsidies provided by the government.
Author : Riham Shendy
Publisher : World Bank Publications
ISBN 13 : 0821387812
Total Pages : 81 pages
Book Rating : 4.8/5 (213 download)
Download or read book Toward Better Infrastructure written by Riham Shendy and published by World Bank Publications. This book was released on 2011-07-05 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining innovative ways to address Africa’s infrastructure deficit is at the heart of this analysis. Africa’s infrastructure stock and quality is among the least developed in the world, a challenge that significantly hinders economic development. It is estimated that the finance required to raise infrastructure in Sub Saharan Africa (SSA) to a reasonable level within the next decade is at US$93 billion per year, with two-thirds of this amount needed for capital expenditures. With the existing spending on infrastructure being estimated at US$45 billion per annum and after accounting for potential efficiency gains that could amount to US$17 billion, Africa’s infrastructure funding gap remains around US$31 billion a year. One approach to address this challenge is by facilitating the increase of private provision of public infrastructure services through public-private partnerships (PPPs). This approach, which is a relatively new arrangement in SSA is multifaceted and requires strong consensus and collaboration across both public and private sectors. There are several defined models of PPPs. Each type differs in terms of government participation levels, risk allocations, investment responsibilities, operational requirements, and incentives for operators. Our definition of PPPs assumes transactions where the private sector retains a considerable portion of commercial and financial risks associated with a project. In more descriptive terms, among the elements defining the notion of PPPs discussed in this study are: a long-term contract between a public and private sector party; the design, construction, financing, and operation of public infrastructure by the private sector; payment over the life of the PPP contract to the private sector party for the services delivered from the asset; and the facility remaining in public ownership or reverting to public sector ownership at the end of the PPP contract. The observations and policy recommendations that follow draw on ongoing World Bank Group PPP engagements in these countries, including extensive consultations with key public and private sector stakeholders involved in designing, financing, and implementing PPPs. The study is structured around the most inhibiting constraints to developing PPPs, as shared by all six countries.
Author : Christine Kessides
Publisher : World Bank Publications
ISBN 13 : 9780821326282
Total Pages : 66 pages
Book Rating : 4.3/5 (262 download)
Download or read book The Contributions of Infrastructure to Economic Development written by Christine Kessides and published by World Bank Publications. This book was released on 1993-01-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the linkages between infrastructure and economic development based on both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by consumers. Thus, an analysis of infrastructures' contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital. The paper notes that macro and industry level research , although having its limitations, suggest a positive and statistically significant relationship between infrastructure and economic output. However the conclusions derived from this research (most of which derives from developed countries) provide little specific guidance for policy. To gain more practical insights about how infrastructure contributes to economic growth and to improved quality of life, and to understand the welfare costs of inadequate or unreliable infrastructure, it is necessary to look at microeconomic evidence. Particularly interesting illustrations of these relationships are to be found in developing countries where there is wide variance in the availability and quality of infrastructure.
Author : Vinaya Swaroop
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)
Download or read book The Public Finance of Infrastructure: Issues and Options written by Vinaya Swaroop and published by World Bank Publications. This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David F. Batten
Publisher : Springer Science & Business Media
ISBN 13 : 3642802664
Total Pages : 296 pages
Book Rating : 4.6/5 (428 download)
Download or read book Infrastructure and the Complexity of Economic Development written by David F. Batten and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the complex relationships between infrastructure and the rest of the economy. In particular, it focuses on the contentious issue of whether infrastructure investments stimulate productivity growth, issues of pricing and ownership, and also development problems such as environmental damage. Methods range from traditional production function models and compensating variation approaches to nonlinear methods of dynamic analysis. There is a unique emphasis on the ability of these different methods to allow for the complex interdependencies involved. Six of the fifteen papers deal with these methodological aspects, whereas the remainder addresses specific cases or examples in a variety of countries (Europe, USA and developing countries).
Author : Gurram Satyanarayana
Publisher :
ISBN 13 : 9788177084504
Total Pages : 0 pages
Book Rating : 4.0/5 (845 download)
Download or read book Infrastructure Development and the Role of Public-Private-Partnership (PPP) written by Gurram Satyanarayana and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is generally defined as the physical framework of facilities through which goods and services are provided to the public. Its links to the economy are multiple and complex because it affects production and consumption directly, creates positive and negative spillover effects (externalities), and involves large flows of expenditure. Until recently, as the government implemented and financed the bulk of infrastructure outlays, all the attendant project risks were also borne by the government. Resource mobilization was through pre-emption of funds from banks and insurance companies backed by issue of dated securities. Foreign funds-mainly in the form of project-specific aid from bilateral and multilateral sources-supplemented the domestic resources. Hence, infrastructure financing was relatively simple and straightforward, but undoubtedly inefficient and lacking accountability. Public-private-partnership (PPP) is a mode of providing public infrastructure and services by the government in partnership with the private sector. It is a long-term arrangement between the Indian government and private sector entities for the provision of public utilities and services. This book provides an exhaustive and analytical account of various facets of infrastructure development in India. It contains 29 chapters which are categorized under the following sections: Part I: Infrastructure Policy and Public-Private-Partnership (PPP); Part II: Energy Needs, Sources and Management; Part III: Transport Modes and Services; Part IV: Telecommunications, Information Technology (IT), Broadcasting and Postal Services; Part V: Special Economic Zones (SEZs); Part VI: Water Resources and Irrigation; Part VII: Rural Infrastructure and Services; and Part VIII: Urban Infrastructure and Services. [Subject: Business & Economics, Energy Studies, Rural Development, India Studies, Economic History, Trade, Economic Development]
Author : Ritva Reinikka
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book How Inadequate Provision of Public Infrastructure and Services Affects Private Investment written by Ritva Reinikka and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Evidence from Uganda shows that poor public provision of infrastructure services-- proxied by an unreliable and inadequate power supply-- significantly reduces productive private investment"--Cover.
Author : Arnold Picot
Publisher : MIT Press
ISBN 13 : 0262029650
Total Pages : 527 pages
Book Rating : 4.2/5 (62 download)
Download or read book The Economics of Infrastructure Provisioning written by Arnold Picot and published by MIT Press. This book was released on 2015-12-04 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, experts from Europe, North and South America and Asia examine the complexities of financing, installing, implementing and regulating public infrastructures. Employing a range of methodological approaches, including historical and empirical research, analytical models, theoretical analysis and sector and regional case studies, they consider the economics of infrastructure provisioning by government, through private-public partnerships and privatisation arrangements. After first treating general investment, growth and policy issues, they then offer sector-specific analyses of transportation, energy, telecommunications and water infrastructures.
Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)
Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eduardo Engel
Publisher : Cambridge University Press
ISBN 13 : 1107035910
Total Pages : 193 pages
Book Rating : 4.1/5 (7 download)
Download or read book The Economics of Public-Private Partnerships written by Eduardo Engel and published by Cambridge University Press. This book was released on 2014-09-15 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors provide a summary of the main lessons learned from the past twenty-five years regarding public-private partnerships.
