Are Brownfield Concessions Poised for a Comeback? New Signs of Life After a Decade in Decline

Once expected to be the signature contract of private participation in infrastructure and for a time its fastest growing form, the brown field concession was hit hard by the Asian crisis and has never recovered. Because these contracts involve existing, usually dilapidated government assets, brown field concessions tackled the toughest infrastructure problems in the developing world. But the Asian crisis exposed the fragility of this mechanism, and its sudden unpopularity almost single-handedly crashed the developing world market for private participation in infrastructure.

Bibliographic Details

Main Author:	Leigland, James
Language:	English
Published:	World Bank, Washington, DC 2008-05
Subjects:	BIDS, BUDGET DEFICITS, BUSINESS TRANSACTIONS, CAPITAL GAINS, CAPITAL GRANTS, CAPITAL INVESTMENT, CASH FLOW, CASH FLOWS, CASH INFLOWS, CONCESSION, CONCESSION CONTRACT, CONCESSION CONTRACTS, CONCESSION PROJECTS, CONCESSIONAIRES, CONCESSIONS, CONTINGENT LIABILITIES, CONTRACT RENEGOTIATION, CONTRACT RENEGOTIATIONS, CONTRACTUAL ARRANGEMENTS, CORRUPTION, COST RECOVERY, COST-BENEFIT ANALYSIS, CURRENCY MISMATCH, DEBT, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEVELOPING COUNTRIES, DUE DILIGENCE, END USERS, EQUIPMENT, FINANCIAL CLOSURE, FINANCIAL COSTS, FINANCIERS, GOVERNMENT ASSETS, HARD CURRENCY, INFRASTRUCTURE ASSETS, INFRASTRUCTURE CONCESSIONS, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE SERVICES, INITIAL INVESTMENT, INVESTMENT RISK, KEY CHALLENGE, LOCAL CURRENCY, MANAGEMENT CONTRACTS, MITIGATION MECHANISMS, OUTSTANDING LOANS, POLITICAL ECONOMY, POTENTIAL INVESTMENT, PRIVATE FUNDING, PRIVATE INFRASTRUCTURE, PRIVATE OPERATORS, PRIVATIZATION, PRIVATIZATIONS, PROFITABILITY, PUBLIC SECTOR, PUBLIC SERVICE PROVIDERS, PUBLIC SUBSIDIES, PUBLIC-PRIVATE PARTNERSHIP, PUBLIC-PRIVATE PARTNERSHIPS, RECORD KEEPING, RENEGOTIATIONS, RETAIL WATER, RETAIL WATER DISTRIBUTION, RETURNS, RISK MITIGATION, ROADS, SANITATION, SHADOW TOLLS, SHAREHOLDERS, TECHNICAL ASSISTANCE, TENDER PROCESS, TOLL, TOLL ROAD, TOLL ROAD PROJECTS, TRAFFIC, TRANSPORT, TRANSPORT PROJECTS, TRUE, UNDERGROUND, USER FEES, UTILITIES,
Online Access:	http://documents.worldbank.org/curated/en/2008/05/9612029/brownfield-concessions-poised-comeback-new-signs-life-after-decade-decline https://hdl.handle.net/10986/10608
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