Dealing with Public Risk in Private Infrastructure

摘要: This volume reports on the findings of a conference managing government exposure to private infrastructure projects. The transfer risk operators should lead development new infrastructure, improvements in operation existing and reduction budgetary subsidies. Yet it also raises problems for governments. Infrastructure privatization developing world has frequently been accompanied by extensive residual risk-bearing governments, which threatens vitiate its efficiency benefits confront future governments with large financial liabilities. To solve these need institute policies that make investment attractive even absence guarantees. With place, country be able restrict their certain political regulatory risks over they have direct control. When do provide guarantees attempt measure costs improve way treat them accounts budgets. Measurement budgeting are critical improving decisions about whether guarantees, project selection contract design, protecting from unknowingly entering into commitments might jeopardize