Multiservice Infrastructure : Privatizing Port Services
Ports have become increasingly capital intensive. Economies of scale have led to larger, more specialized ships, and, competition between ports has started to grow. As a result, governments are reorganizing the way ports are run, and permitting mor...
| Main Authors: | , |
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| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2000/10/729358/multiservice-infrastructure-privatizing-port-services http://hdl.handle.net/10986/11417 |
| Summary: | Ports have become increasingly capital
intensive. Economies of scale have led to larger, more
specialized ships, and, competition between ports has
started to grow. As a result, governments are reorganizing
the way ports are run, and permitting more private
ownership, and service delivery. Because ports provide
multiple services, if governments are to design an efficient
legal, and regulatory framework for private participation,
it is important to study all these activities to evaluate
the best approach. Moreover, because these activities must
take place in a small space, it is important to study how
they are best coordinated. The note outlines privatization
options, such as: full privatization, i.e., all assets and
liabilities are transferred to the private sector; build,
operate and own, i.e., parts of the port are sold to be
developed; build or rehabilitate, on a concession basis;
joint ventures; leasing, i.e., no investments, only
commercial risks; licensing, (provision of equipment); and,
management contract, i.e., both investment and commercial
risks are faced by the public sector. |
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