This paper examines the issue of financing infrastructure investment projects. It looks closely at what the market failures are that mean the private sector has not been able to cover the investment requirement itself. It will then assess the government failures associated with intervention, and...

Le présent rapport est consacré au financement des projets d’investissement dans les infrastructures (de transport). Ses auteurs examinent de près les défaillances du marché en raison desquelles le secteur privé ne parvient pas à combler à lui seul l’intégralité des besoins en...

In 1993, the British government turned to the private sector to finance much needed investment in public infrastructure and manage services under its Public Private Partnerships (PPP) policy (Edwards et al., 2004), with transport forming by far the largest component by value of the PPP...

Governments world-wide have sought value for money by augmenting the traditional approach to public infrastructure delivery and management by introducing private capital. Two well established platforms for private capital participation are the Regulatory Asset Base (RAB) Model and the Project...

This paper discusses the initiatives and procedures necessary for the successful development of large-scale transportation PPP projects from a developer's point of view. The topics covered in this paper include: -Project Procurement, -Proper Risk Allocation, -Direct Investments by Pension Funds,...

This paper considers the choice between different approaches to contract for the construction and maintenance of infrastructure projects. The need to control for user costs over the life cycle of an asset is demonstrated to be a core aspect of contract design. The more likely it is that a...

We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...

India's road network of over 4.1 million km is second largest in the world consisting of expressways, national highways, state highways, major district roads and other roads. These roads carry about 65 per cent of freight and 80 per cent of passenger traffic. National highways constitute only...