Choices for Efficient Private Provision of Infrastructure in East Asia, Page 961Harinder S. Kohli, Ashoka Mody, Michael Walton Much is expected of private financing to help meet the infrastructure requirements of the rapidly growing East Asian economies. Although private financing grew briskly during the 1990s, it represents only a small share of all infrastructure investment in the region (between 12 and 18 percent). This monograph draws on experience in a number of countries in East Asia, as well as Australia, Chile, and India, to analyze the impediments to and prospects for private financing of infrastructure. The chapters discuss the choices available to policymakers and the strategies that governments have followed. An overview chapter describes recent trends in international financing of infrastructure projects in the region, discusses the key policy and institutional impediments to greater private participation, and assesses the role of domestic capital markets and finance. It also outlines a national and regional strategy for stimulating private investment in infrastructure. The case studies from countries outside East Asia illustrate the payoffs of increased integration and concerted moves toward private provision of infrastructure. |
Contents
The Malaysian Experience | 43 |
The Chilean Experience | 54 |
Managing Environmental and Resettlement Risks and Opportunities in Infrastructure | 69 |
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agencies assets attract Australia billion bond markets Chile Chilean China commercial companies competitive bidding concession concession contracts contract cost distribution distribution businesses East Asia Eastern Distributor efficiency electricity Endesa ensure environment environmental and resettlement equity ernment experience framework guarantees implementation important increase Indonesia industry infra infrastruc infrastructure sectors institutions international finance jects Kuala Lumpur loans long-term Malaysia megawatts ment multilateral negotiations percent Philippines ports potential power projects private investors private involvement private operator private participation private project private sector private sector projects private sponsors project sponsors public sector public utility rates of return reforms region regulation regulatory resettlement issues risk mitigation role Santiago de Chile sewerage share Source state-owned structure projects suppliers Sydney Harbour Tunnel tariffs technical telecommunications Thailand tion toll roads transportation U.S. Export-Import Bank vate vate sector Victoria water supply World Bank
References to this book
Economic Cooperation Between Singapore and India: An Alliance in the Making Faizal Yahya No preview available - 2008 |