Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects
This study aims to help governments design sustainable Public-Private Partnership (PPP) strategies and projects in the context of the changed circumstances brought on by the global financial and economic crisis that began in the fall of 2008. The s...
| Main Authors: | , |
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| Format: | Publication |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110408004101 http://hdl.handle.net/10986/2274 |
| Summary: | This study aims to help governments
design sustainable Public-Private Partnership (PPP)
strategies and projects in the context of the changed
circumstances brought on by the global financial and
economic crisis that began in the fall of 2008. The study
analyses the impact and implication of the crisis on PPP
infrastructure projects across the Europe and Central Asia
(ECA) region. In the research undertaken for this study, it
appears that most crisis-specific issues are cross-sectoral,
therefore requiring cross-sectoral responses. The intended
audience for this report includes national government
stakeholders involved in infrastructure financing, including
Ministries in charge of infrastructure, especially
transport, energy, and water; state-owned enterprises with
operational responsibilities, such as road directorates; and
Ministries of Finance and development banks involved in PPP.
This report reviewed the region's experience in PPPs in
infrastructure before and during the financial crisis period
(from late 2006 to 2010). Since not all ECA countries have
had successful or ongoing PPP projects during this time, the
report draws on lessons from Brazil, India, Spain, and the
United Kingdom, countries with established PPP project
pipelines to draw on cross-sectoral lessons. The findings
can be used by countries wishing to start or re-start their
PPP program following the impact of the recent crisis.
However, beyond the crisis and its effects, the report can
also guide future development of sustainable and
crisis-resilient PPP programs. Most of the analysis
supporting the report recommendations was undertaken for the
highway sector and was financed through from a grant from
the transport research support program. Initially, the
highway sector was the focus of this study but the scope was
later widened to include all infrastructure sectors because
most issues facing highway PPP projects are common to other
sectors requiring a cross-sectoral approach to PPP.
Sector-specific strategies for highways have been documented
in a recent World Bank study. |
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