Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia

Monsalve, Carolina

World Bank, Washington, DC

关键词: ALLOCATION OF RISK;    CAPACITY BUILDING;    CAPITAL INVESTMENTS;    CASH FLOW;    CHECKS;   

RP-ID  :  51767

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Facing fiscal constraints, manygovernments in Central and Eastern Europe and SoutheasternEurope have pursued private finance for transportinfrastructure more to move investments off budget than toimprove efficiency and services. Results have been mixed andsuggest a need to focus more on public-private partnerships(PPPs) that can achieve value for money. Today'seconomic environment will reduce the potential for PPPprojects in the short term. Some PPP projects at an advancedstage of procurement may need additional public support,while ambitious projects may need to be phased to reducetheir scale to what the market can absorb.