Toward Better Infrastructure

Toward Better Infrastructure

4.11 - 1251 ratings - Source

Examining innovative ways to address AfricaAca‚na„cs infrastructure deficit is at the heart of this analysis. AfricaAca‚na„cs infrastructure stock and quality is among the least developed in the world, a challenge that significantly hinders economic development. It is estimated that the finance required to raise infrastructure in Sub Saharan Africa (SSA) to a reasonable level within the next decade is at US$93 billion per year, with two-thirds of this amount needed for capital expenditures. With the existing spending on infrastructure being estimated at US$45 billion per annum and after accounting for potential efficiency gains that could amount to US$17 billion, AfricaAca‚na„cs infrastructure funding gap remains around US$31 billion a year. One approach to address this challenge is by facilitating the increase of private provision of public infrastructure services through public-private partnerships (PPPs). This approach, which is a relatively new arrangement in SSA is multifaceted and requires strong consensus and collaboration across both public and private sectors. There are several defined models of PPPs. Each type differs in terms of government participation levels, risk allocations, investment responsibilities, operational requirements, and incentives for operators. Our definition of PPPs assumes transactions where the private sector retains a considerable portion of commercial and financial risks associated with a project. In more descriptive terms, among the elements defining the notion of PPPs discussed in this study are: a long-term contract between a public and private sector party; the design, construction, financing, and operation of public infrastructure by the private sector; payment over the life of the PPP contract to the private sector party for the services delivered from the asset; and the facility remaining in public ownership or reverting to public sector ownership at the end of the PPP contract. The observations and policy recommendations that follow draw on ongoing World Bank Group PPP engagements in these countries, including extensive consultations with key public and private sector stakeholders involved in designing, financing, and implementing PPPs. The study is structured around the most inhibiting constraints to developing PPPs, as shared by all six countries.Conditions, Constraints, and Opportunities in Financing Public-Private Partnerships in Select African Countries Riham ... support and advice to the contracting authorities on the development and evaluation of PPP projects Furthermore, it is ... draft Kenya PPP Operating Guidelines (January 2011); Kenya Regulations: a Report on Legal Enabling Environment for ... The PPP SC is a high-level commiee consisting of the Permanent Secretary to the Treasury ( chair), the Prime Ministera#39;sanbsp;...

Title:Toward Better Infrastructure
Author: Riham Shendy
Publisher:World Bank Publications - 2011-07-05

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA