[PDF] Regulation And Private Sector Investment In Infrastructure eBook

Author : Sheoli Pargal
Publisher : World Bank Publications
Page : 48 pages
File Size : 14,28 MB
Release : 2003
Category : Infrastructure (Economics)
ISBN :

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The author assesses the importance of the regulatory framework as a determinant of private sector investment in infrastructure. She uses recently compiled data on private and public sector investment in the water, power, telecommunications, railroads, and roads sectors between 1980 and 1998 in nine countries in Latin America. The author finds that the most significant institutional determinant of private investment volumes is the passage of legislation liberalizing the investment regime. This is important because it indicates that the legal basis for reform is probably more critical in determining the quality of the investment climate than specific aspects of the institutional framework governing private sector participation. In accordance with intuition, the author's results indicate that government action to increase regulatory certainty and minimize the perceived risk of expropriation through the establishment of independent regulatory bodies is a critical determinant of the volume of private investment flows. She also finds that the general relationship of private to public investment is one of substitutability.

Author : Sheoli Pargal
Publisher :
Page : 43 pages
File Size : 26,68 MB
Release : 2016
Category :
ISBN :

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Pargal assesses the importance of the regulatory framework as a determinant of private sector investment in infrastructure. She uses recently compiled data on private and public sector investment in the water, power, telecommunications, railroads, and roads sectors between 1980 and 1998 in nine countries in Latin America. The author finds that the most significant institutional determinant of private investment volumes is the passage of legislation liberalizing the investment regime. This is important because it indicates that the legal basis for reform is probably more critical in determining the quality of the investment climate than specific aspects of the institutional framework governing private sector participation. In accordance with intuition, the author's results indicate that government action to increase regulatory certainty and minimize the perceived risk of expropriation through the establishment of independent regulatory bodies is a critical determinant of the volume of private investment flows. She also finds that the general relationship of private to public investment is one of substitutability.This paper - a product of the Policy Support Division, Corporate Secretariat - is part of a larger effort in the Bank to understand the role of institutions in development.

Author : Jeffrey Delmon
Publisher : Kluwer Law International B.V.
Page : 870 pages
File Size : 11,89 MB
Release : 2015-10-28
Category : Law
ISBN : 9041162755

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Investment in infrastructure is critical to economic growth, quality of life, poverty reduction, access to education, good quality healthcare, and achieving many of the goals of a robust and dynamic economy. However, infrastructure is difficult for the public sector to get right. This remarkably insightful and enormously useful book, now in its third edition, shows how the private sector (through public–private partnerships – PPP) can provide more efficient procurement through cheaper, faster, and better quality; refocus infrastructure services on consumer satisfaction and life cycle maintenance; place the financial burden of providing infrastructure on consumers rather than taxpayers; and provide new sources of investment, in particular through limited recourse debt (i.e., project financing). Taking the particular challenges associated with PPP fully into account. this book provides a practical guide to PPP in all the following ways and more: - how governments can enable and encourage PPP; - how PPP financing works; - what PPP contractual structures look like; and - most importantly, how PPP risk allocation works in practice. Specific discussion of each infrastructure sector is provided. Lawyers and business people, civil engineers, economic development officials and specialists, banking and insurance professionals, and academics will all find the ground well covered in this book, as well as new ground broken.

Author : World Bank Group. Finance, Private Sector, and Infrastructure Network
Publisher :
Page : 144 pages
File Size : 48,64 MB
Release : 1997
Category : Juvenile Nonfiction
ISBN :

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"Private particpation in infrastructure has moved to the top of the political, economic, and social agendas of a growing number of countries. The focus of the debate is beginning to shift from the why to the how, fueling the demand for lessons on best practice in reform strategies, regulatory frameworks, institutional arrangements, and risk mitigation. This collection of policy briefs on private participation in infrastructure responds to this demand. Drawing on a wide range of experience in different countries and sectors, these briefs seek to broaden understanding on risk allocation, institutional arrangements, choice of regulatory rules, and the scope for competition in infrastructure provision" -- Preface.

Author : OECD
Publisher : OECD Publishing
Page : 34 pages
File Size : 14,41 MB
Release : 2007-07-03
Category :
ISBN : 9264034102

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The OECD Principles for Private Sector Participation in Infrastructure aim to help governments work with private-sector partners to finance and bring to fruition infrastructure projects in areas of vital economic importance, such as transport, water ...

Author :
Publisher :
Page : 136 pages
File Size : 14,52 MB
Release : 2000
Category : Business & Economics
ISBN :

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This five-volume set presents the findings of the ADB regional technical assistance study which developed sector-specific best practices for promoting private sector participation in key infrastructure sectors in ADB's DMCs. The best practices cover the role of government, institutional reform, strategic planning, legal and regulatory frameworks, unbundling and competition, contractual arrangements, sources of financing, and allocation of risk. Each volume is divided into two parts..

Author : Antonio Estache
Publisher : World Bank Publications
Page : 324 pages
File Size : 14,98 MB
Release : 2000-01-01
Category : Business & Economics
ISBN : 9780821347218

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The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.

Author :
Publisher :
Page : 196 pages
File Size : 46,87 MB
Release : 2000
Category : Business & Economics
ISBN :

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This five-volume set presents the findings of the ADB regional technical assistance study which developed sector-specific best practices for promoting private sector participation in key infrastructure sectors in ADB's DMCs. The best practices cover the role of government, institutional reform, strategic planning, legal and regulatory frameworks, unbundling and competition, contractual arrangements, sources of financing, and allocation of risk. Each volume is divided into two parts..

Author : Clive Harris
Publisher : World Bank Publications
Page : 64 pages
File Size : 34,24 MB
Release : 2003
Category : Business & Economics
ISBN :

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"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 : Jeffrey Delmon
Publisher : World Bank Publications
Page : 0 pages
File Size : 32,46 MB
Release : 2009
Category : Political Science
ISBN : 9780821377864

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This book provides a practical guide to public-private participation (PPP), how governments can enable and encourage PPP, step by step analysis of the development of PPP projects, how PPP financing works, what PPP contractual structures look like and most importantly how PPP risk allocation works in practice, including specific discussion of each infrastructure sector. It will be of interest to policy makers and strategists.