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Private Participation in Infrastructure:
Trends in Developing Countries in 1990-2001
Energy • Telecommunications • Transport • Water
Drawing on data from the World Bank's Private Participation in Infrastructure (PPI)
database, this new book provides an overview of the nearly 2500 private infrastructure
projects that were implemented between the period 1990-2001 in 132 developing countries
and mobilized investment of some $754 billion. It covers projects in the transport,
energy (electricity and gas), telecoms, and water and sewerage sectors that received
private investment through management and lease contracts, concessions, greenfield
projects, or divestitures. Overall, the trend in PPI illustrates a dramatic increase
in investment flows between 1990-1997 as governments around the world turned to
the private sector for innovative and cost-effective solutions to increasing coverage,
raising quality standards, and aiming for cost recovery and sustainability in infrastructure
service provision. However, since the economic crises of the late 1990s, a few (but
high-profile) cases of canceled projects, visible corporate governance and accounting
problems, and a general global economic slowdown led to a chilling effect on investors
and resulted in declines in investment so that 2001 levels paralleled that of the
mid-1990s.
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