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...
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| Format: | Publication |
| Language: | English |
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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 |
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okr-10986-2274 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ACCOUNTING ADB AIRPORT AIRPORT EXPANSION AIRPORTS BALANCE SHEET BALANCE SHEETS BALANCESHEET BASIS POINT BASIS POINTS BID BIDS BOND INDEX BOND ISSUE BOND MARKET BONDS BRIDGE BUDGET DEFICIT BUDGETING CAPACITY CONSTRAINTS CAPITAL GRANT CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENT PROGRAM CAPITAL MARKET CAPITAL PROJECTS CAPITAL REQUIREMENTS CASH FLOW CHECKS COMMERCIAL BANKS CONTINGENT LIABILITIES CONTRACT DESIGN COUNTRY RISK CREDIBILITY CREDIT MARKET CREDIT RATING CREDIT RATINGS CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION DEBT DEBT EXCHANGE DEBT RATIOS DEBT SERVICE DEBT SERVICING DEFAULT RISK DEFICITS DEVELOPING COUNTRIES DEVELOPMENT BANK DRIVERS DRIVING EIB EMERGING MARKET EMERGING MARKET BOND EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCE INFRASTRUCTURE FINANCES FINANCIAL CRISIS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT CAPACITY GOVERNMENT EXPENDITURES GOVERNMENT FINANCES GOVERNMENT FINANCING GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROGRAM HIGHWAY PROJECT HIGHWAY PROJECTS HIGHWAY REHABILITATION HIGHWAYS INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INVESTING INVESTMENT BANK INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT REQUIREMENTS INVESTMENT SPENDING INVESTMENT STRATEGY INVESTOR CONFIDENCE JUDICIAL ENFORCEMENT LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIGHT RAIL LIQUIDITY LOAN LOCAL BANKS LOCAL CURRENCIES LOCAL CURRENCY LOCAL DEBT LOCAL DEBT MARKET LOCAL GOVERNMENT LONG-TERM CAPITAL LONG-TERM DEBT LONG-TERM INVESTMENT LONG-TERM INVESTORS LONG-TERM LOANS MARKET BORROWING MARKET CONDITIONS MARKET LIQUIDITY MARKET RISK MARKET RISKS MATURITIES MATURITY MINISTRY OF TRANSPORT MONETARY FUND MOTORWAYS NATIONAL HIGHWAYS OIL PRICES PASSENGERS POTENTIAL INVESTMENT PRESENT VALUE PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE LOANS PRIVATIZATION PRODUCTIVE INVESTMENTS PSP PUBLIC BANKS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR INVESTMENT PUBLIC SPENDING RAIL LINKS RAIL PROJECTS RAILWAY RAILWAYS RATES OF INFLATION REGULATORY FRAMEWORKS REGULATORY OVERSIGHT RETURN RISK MANAGEMENT RISK PREMIUMS ROAD ROAD PROJECTS ROAD SECTOR ROAD TUNNEL ROADS SAFETY SAFETY NETS SANITATION SHARE OF INVESTMENT SHARES OF INVESTMENT SHORT-TERM BORROWING SHORT-TERM DEBT SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ENTITIES SOVEREIGN GUARANTEE STATE GUARANTEES SUBSIDIARY TAX TAX SYSTEMS TOLL TOLL ROAD TOLLS TRAFFIC TRAFFIC DEMAND TRANSACTION TRANSPARENCY TRANSPORT TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT PROJECTS TRANSPORT RESEARCH TRANSPORT SECTOR TREASURY TREASURY BONDS TREATY TRUST FUND TUNNEL UNDERGROUND URBAN TRANSPORT VEHICLE VEHICLES |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ADB AIRPORT AIRPORT EXPANSION AIRPORTS BALANCE SHEET BALANCE SHEETS BALANCESHEET BASIS POINT BASIS POINTS BID BIDS BOND INDEX BOND ISSUE BOND MARKET BONDS BRIDGE BUDGET DEFICIT BUDGETING CAPACITY CONSTRAINTS CAPITAL GRANT CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENT PROGRAM CAPITAL MARKET CAPITAL PROJECTS CAPITAL REQUIREMENTS CASH FLOW CHECKS COMMERCIAL BANKS CONTINGENT LIABILITIES CONTRACT DESIGN COUNTRY RISK CREDIBILITY CREDIT MARKET CREDIT RATING CREDIT RATINGS CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION DEBT DEBT EXCHANGE DEBT RATIOS DEBT SERVICE DEBT SERVICING DEFAULT RISK DEFICITS DEVELOPING COUNTRIES DEVELOPMENT BANK DRIVERS DRIVING EIB EMERGING MARKET EMERGING MARKET BOND EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCE INFRASTRUCTURE FINANCES FINANCIAL CRISIS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT CAPACITY GOVERNMENT EXPENDITURES GOVERNMENT FINANCES GOVERNMENT FINANCING GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROGRAM HIGHWAY PROJECT HIGHWAY PROJECTS HIGHWAY REHABILITATION HIGHWAYS INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INVESTING INVESTMENT BANK INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT REQUIREMENTS INVESTMENT SPENDING INVESTMENT STRATEGY INVESTOR CONFIDENCE JUDICIAL ENFORCEMENT LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIGHT RAIL LIQUIDITY LOAN LOCAL BANKS LOCAL CURRENCIES LOCAL CURRENCY LOCAL DEBT LOCAL DEBT MARKET LOCAL GOVERNMENT LONG-TERM CAPITAL LONG-TERM DEBT LONG-TERM INVESTMENT LONG-TERM INVESTORS LONG-TERM LOANS MARKET BORROWING MARKET CONDITIONS MARKET LIQUIDITY MARKET RISK MARKET RISKS MATURITIES MATURITY MINISTRY OF TRANSPORT MONETARY FUND MOTORWAYS NATIONAL HIGHWAYS OIL PRICES PASSENGERS POTENTIAL INVESTMENT PRESENT VALUE PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE LOANS PRIVATIZATION PRODUCTIVE INVESTMENTS PSP PUBLIC BANKS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR INVESTMENT PUBLIC SPENDING RAIL LINKS RAIL PROJECTS RAILWAY RAILWAYS RATES OF INFLATION REGULATORY FRAMEWORKS REGULATORY OVERSIGHT RETURN RISK MANAGEMENT RISK PREMIUMS ROAD ROAD PROJECTS ROAD SECTOR ROAD TUNNEL ROADS SAFETY SAFETY NETS SANITATION SHARE OF INVESTMENT SHARES OF INVESTMENT SHORT-TERM BORROWING SHORT-TERM DEBT SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ENTITIES SOVEREIGN GUARANTEE STATE GUARANTEES SUBSIDIARY TAX TAX SYSTEMS TOLL TOLL ROAD TOLLS TRAFFIC TRAFFIC DEMAND TRANSACTION TRANSPARENCY TRANSPORT TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT PROJECTS TRANSPORT RESEARCH TRANSPORT SECTOR TREASURY TREASURY BONDS TREATY TRUST FUND TUNNEL UNDERGROUND URBAN TRANSPORT VEHICLE VEHICLES Cuttaree, Vickram Mandri-Perrott, Cledan Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| geographic_facet |
Europe and Central Asia |
| description |
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. |
| format |
Publications & Research :: Publication |
| author |
Cuttaree, Vickram Mandri-Perrott, Cledan |
| author_facet |
Cuttaree, Vickram Mandri-Perrott, Cledan |
| author_sort |
Cuttaree, Vickram |
| title |
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| title_short |
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| title_full |
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| title_fullStr |
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| title_full_unstemmed |
Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects |
| title_sort |
public-private partnerships in europe and central asia : designing crisis-resilient strategies and bankable projects |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764385160058372096 |
| spelling |
okr-10986-22742021-04-23T14:02:00Z Public-Private Partnerships in Europe and Central Asia : Designing Crisis-Resilient Strategies and Bankable Projects Cuttaree, Vickram Mandri-Perrott, Cledan ACCOUNTABILITY ACCOUNTING ADB AIRPORT AIRPORT EXPANSION AIRPORTS BALANCE SHEET BALANCE SHEETS BALANCESHEET BASIS POINT BASIS POINTS BID BIDS BOND INDEX BOND ISSUE BOND MARKET BONDS BRIDGE BUDGET DEFICIT BUDGETING CAPACITY CONSTRAINTS CAPITAL GRANT CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENT PROGRAM CAPITAL MARKET CAPITAL PROJECTS CAPITAL REQUIREMENTS CASH FLOW CHECKS COMMERCIAL BANKS CONTINGENT LIABILITIES CONTRACT DESIGN COUNTRY RISK CREDIBILITY CREDIT MARKET CREDIT RATING CREDIT RATINGS CURRENCY CURRENCY DEPRECIATION CURRENCY DEVALUATION DEBT DEBT EXCHANGE DEBT RATIOS DEBT SERVICE DEBT SERVICING DEFAULT RISK DEFICITS DEVELOPING COUNTRIES DEVELOPMENT BANK DRIVERS DRIVING EIB EMERGING MARKET EMERGING MARKET BOND EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCE INFRASTRUCTURE FINANCES FINANCIAL CRISIS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN EXCHANGE RISK GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT CAPACITY GOVERNMENT EXPENDITURES GOVERNMENT FINANCES GOVERNMENT FINANCING GOVERNMENT FUNDING GOVERNMENT GUARANTEES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROGRAM HIGHWAY PROJECT HIGHWAY PROJECTS HIGHWAY REHABILITATION HIGHWAYS INFRASTRUCTURE COSTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INVESTING INVESTMENT BANK INVESTMENT DECISIONS INVESTMENT FUNDS INVESTMENT REQUIREMENTS INVESTMENT SPENDING INVESTMENT STRATEGY INVESTOR CONFIDENCE JUDICIAL ENFORCEMENT LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGISLATION LENDERS LIGHT RAIL LIQUIDITY LOAN LOCAL BANKS LOCAL CURRENCIES LOCAL CURRENCY LOCAL DEBT LOCAL DEBT MARKET LOCAL GOVERNMENT LONG-TERM CAPITAL LONG-TERM DEBT LONG-TERM INVESTMENT LONG-TERM INVESTORS LONG-TERM LOANS MARKET BORROWING MARKET CONDITIONS MARKET LIQUIDITY MARKET RISK MARKET RISKS MATURITIES MATURITY MINISTRY OF TRANSPORT MONETARY FUND MOTORWAYS NATIONAL HIGHWAYS OIL PRICES PASSENGERS POTENTIAL INVESTMENT PRESENT VALUE PRIVATE CAPITAL PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE LOANS PRIVATIZATION PRODUCTIVE INVESTMENTS PSP PUBLIC BANKS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR INVESTMENT PUBLIC SPENDING RAIL LINKS RAIL PROJECTS RAILWAY RAILWAYS RATES OF INFLATION REGULATORY FRAMEWORKS REGULATORY OVERSIGHT RETURN RISK MANAGEMENT RISK PREMIUMS ROAD ROAD PROJECTS ROAD SECTOR ROAD TUNNEL ROADS SAFETY SAFETY NETS SANITATION SHARE OF INVESTMENT SHARES OF INVESTMENT SHORT-TERM BORROWING SHORT-TERM DEBT SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN ENTITIES SOVEREIGN GUARANTEE STATE GUARANTEES SUBSIDIARY TAX TAX SYSTEMS TOLL TOLL ROAD TOLLS TRAFFIC TRAFFIC DEMAND TRANSACTION TRANSPARENCY TRANSPORT TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT PROJECTS TRANSPORT RESEARCH TRANSPORT SECTOR TREASURY TREASURY BONDS TREATY TRUST FUND TUNNEL UNDERGROUND URBAN TRANSPORT VEHICLE VEHICLES 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. 2012-03-19T09:03:00Z 2012-03-19T09:03:00Z 2011-02-24 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 978-0-8213-8703-0 http://hdl.handle.net/10986/2274 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia |