The study provides a detailed analysisof experiences in different countries, regarding privateparticipation in key infrastructure sectors, examines thejudicial and financial framework, and its impact (andincidence) on infrastructure private participation (IPP).The analysis provided a set of recommendations and actionsto be taken to facilitate the Government's elaborationof a strategy for IPP, as well as a medium- and long-termplan of action. Such recommendations were presented, anddiscussed at a workshop held in Tunisia on December 2003(volume 2). The study was implemented in two phases: 1)diagnostic phase at the sectoral level; and, 2) the secondphase, covering the horizontal levels of IPP, and thepreparation of an IPP strategy and plan of action. Overall,the objectives to be achieved call for improved quality andcost management of public services, acceleratedinfrastructure development to support growth and employment,improved fiscal administration, knowledge transferconcerning technology innovation and its management,and anapproach to stimulate the development of capital markets andprivate industries within the infrastructure sectornationwide. To attain those objectives the IPP strategyproposes reforms within the long term vision, particularlyregarding infrastructure regulation and financial managementfocused on competitiveness for public service efficiency.Moreover, the report stipulates cost recovery is anessential element within this strategy, as is subsidyrationalization. But new IPP modes need to be introduced toeventually expand applicability, considering the possibilityof establishing Design Build Operate/Finance (DBO/DBF)mechanisms, which allow access to public finance, namelybonds. The report reviews in depth the fundamentals andprinciples of IPP, comparing international standards,advantages, and risks involved.
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