what are the factors that govern/ decide the type of funding utilised/ adopted/planned by central and state governments on source of funding/ financing for public projects in the infrastructure sector. Focus sectors are water and sanitation, transportation, urban development, energy etc.
You might find my presentation provides some useful insights. Follow the link.
http://www.slideshare.net/WilliamKittredge/public-private-partnerships-i
Dear Sarosh Kothandath,
I’ll recall the ‘core’ of my intervention on RG in the field of financing transport infrastructures, to underline that a significant participation of private capital through project financing still represents a determining factor for their construction, provided that it is supplemented by a lessening of what has been conveniently described as "the Vietnam of public works", that is the failure in reducing the risks associated with restrictive, bureaucratic regulations. I am convinced that if there are pursued both economic efficiency and effectiveness in the use of public resources, it is possible to work with greater carefulness by devising and implementing a 'correct' transport infrastructural policy.
As an example let us take the case of an already existing transport infrastructure (but the reasoning is equivalent in the case of the construction of a new infrastructure) , I have noticed a serious and frequent methodological planning error. That is when it is thought to be impossible to postpone the construction of a new infrastructure leaving unexplored the implementation of current technological devices capable to assure the exploitation of the entire capacity of the present infrastructure in order to meet the occasional peaks of transport demand.
Habitually, we are wedged by the so-called ‘long-term planning syndrome' when it is
supposed that the present infrastructure is already completely congested and therefore it is unavoidable to construct a new one straightaway, while it is apparently forgotten that the use of the technological devices available is by far less expensive than the construction of a new road or rail, mostly when special engineering works are needed such as tunnels or over-bridges. In this regard it is suitable to remember that only one km or mile of an highway or a railroad (especially for high speed) may request several million euros or dollars! Then, by adopting what I believe to be a more efficient approach for the use of the worldwide scarce public resources, it is possible to realize that - dealing with occasional peaks of demand - public authorities and the whole community become aware that more cost-efficient policies are implemented, contrary to the original very expensive decision to go on right away with the construction of a new infrastructure. Public resources that may derive from such a sensible attitude would bring about considerable amounts of financial funds. There would be no more excuses to purse an economically efficient policy for transport infrastructural networks to benefit the geographical areas that desperately need them and for the provision of other services urgently needed by a community.
Regards,
Gianrocco Tucci
This collection of papers might help:
http://www.eib.org/attachments/efs/eibpapers/eibpapers_2010_v15_n01_en.pdf
Dear Claudio, Gianrocco and William,
Thank you for your replies and the additional documents forwarded all of which are very useful in my study.
Best regards,
Sarosh
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