Private Participation in Infrastructure in China : Issues and Recommendations for the Road, Water, and Power Sectors
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC: World Bank
Resumen
Descripción
Infrastructure has played a major role
in China's rapid development. Over the past decade the
road network expanded by more than 40 percent, water
production grew by more than 50 percent, and China has
become the world's second largest energy producer.
However, foreign direct investment in infrastructure
accounts for a small share of foreign direct investment
flows and for only 10 percent of total investment in
infrastructure. Meeting the demand for cheaper, more
reliable, and more efficient infrastructure services will
require more than US$75 billion a year over the next decade.
Increasing the participation of the private sector, domestic
and foreign is an obvious policy option. Public-private
partnerships can reduce the fiscal subsidies on public
agencies and improve the targeting of subsidies to poor
people, students, the elderly and other disadvantaged
groups. This report reviews China's current framework
for private participation in infrastructure. It also
compares China's experiences with those of other
countries, providing legal, regulatory, and financial
framework recommendations as well as sector-specific suggestions.
Palabras clave
INFRASTRUCTURE, WATER SUPPLY, TRANSPORTATION COSTS, POWER GENERATION, ROADS & HIGHWAYS, PRIVATE SECTOR, PRIVATIZATION, REGULATORY FRAMEWORK, LEGISLATION, CAPACITY BUILDING, WATER SANITATION ACCOUNTABILITY, ADB, ASSETS, BALANCE SHEETS, BANK REFORM, BANKRUPTCY, BANKS, BIDDING, CAPITAL INVESTMENTS, CAPITALIZATION, CITIES, CONTRACT LAW, CPI, CREDIT RATINGS, CREDIT RISK, DEBT, DECISION MAKING, ECONOMIC ACTIVITY, ECONOMICS, EIB, EMERGING MARKETS, EXTREME POVERTY, FOREIGN EXCHANGE, HEALTH NEEDS, INFLATION, INSURANCE, INSURANCE COMPANIES, INVENTORIES, LAWS, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGISLATION, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MANDATES, POLICY DISCUSSIONS, PRESENT VALUE, PRIVATE SECTOR, PROJECT FINANCE, PROPERTY RIGHTS, REGULATORY AGENCIES, REGULATORY AGENCY, REGULATORY FRAMEWORK, SAVINGS, SECURITIES, TECHNICAL ASSISTANCE, TRANSPORT, WATER SUPPLY