Transaction Costs in Private Infrastructure Projects - Are They Too High?
While the number of private infrastructure projects continues to grow, tales of endless delays and exorbitant development costs still scare both developers and governments. The authors show that these costs are related not to project size but to the characteristics of the policy environment. As governments gain experience and clarify policy, these costs will inevitably fall.
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| Main Authors: | , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
1996-10
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| Subjects: | ADVISORY FEES, AUDITING, BALANCE SHEET, BANKS, FINANCIAL CLOSURE, INTEREST RATES, INVESTMENT BANKERS, LAWS, LEGISLATION, PRIVATE FINANCE, PRIVATE FINANCING, PRIVATE INVESTORS, PRIVATE PARTICIPATION, PRIVATE SECTOR, PROJECT FINANCE, REVENUE SHARING, SAVINGS, SOVEREIGN GUARANTEE, TRANSACTION COSTS, WATER SUPPLY DENATIONALIZATION, INFRASTRUCTURE, INFORMATION DISSEMINATION, COSTS, UNCERTAINTY, PRIVATE INFRASTRUCTURE, |
| Online Access: | http://documents.worldbank.org/curated/en/1996/10/693106/transaction-costs-private-infrastructure-projects-too-high https://hdl.handle.net/10986/11605 |
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