In recent years, the countries of Europe and Central Asia (ECA) have experienced a marked decline in investments by international private operators/investors in local infrastructure-much in line with the trend observed in other emerging markets. This decline has been particularly significant in...

The public-private partnership (P3) is taking a leading stage as one of the key forms of financing large public infrastructure projects. Several important factors are increasing its role, these are - strained public finances, interest from institutional investors to tap potentially lucrative...