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Public Money for Private Infrastructure

2003; Linguagem: Inglês

10.1596/0-8213-5556-2

1726-5878

Timothy Irwin,

Public-Private Partnership Projects

No AccessWorld Bank Working Papers12 Aug 2013Public Money for Private InfrastructureDeciding When to Offer Guarantees, Output-Based Subsidies, and Other Forms of Fiscal SupportAuthors/Editors: Timothy IrwinTimothy Irwinhttps://doi.org/10.1596/0-8213-5556-2SectionsAboutPDF (0.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Government decisions are rarely driven solely by the dictates of cost–benefit analyses. Generating good decision making about fiscal support also requires processes for decision making that facilitate good analysis and temper the influence of self-interest. This report sets out a framework intended to help governments make better decisions about giving fiscal support for private infrastructure services and provides some tools to facilitate analysis.Several policies to enhance the collocation of information, incentives, and decisions are proposed:· Giving responsibility to people working on the objective (rather than the instrument or the infrastructure service);· Separating decision making from delivery;· Involving those responsible for costs;· Utilizing decision making forums that emphasize tradeoffs;· Routinely generating information on costs and benefits;· Requiring routine disclosure of information;· Charging for certain types of support; and· Ensuring accountability for decisions. 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Construction and Architectural Management, Vol.11, No.6 View Published: July 2003ISBN: 978-0-8213-5556-5 Copyright & Permissions Related RegionsLatin America & CaribbeanRelated CountriesChileAustraliaIndonesiaColombiaRelated TopicsMacroeconomics and Economic GrowthFinance and Financial Sector Development KeywordsOUTPUT-BASED SUBSIDIESCOST–BENEFITACCOUNTABILITYPRIVATE INVESTMENTINFRASTRUCTUREIN-KIND GRANTSGUARANTEESPRIVATE INFRASTRUCTURE PROJECTSCASH FLOWSDISCLOSURE OF INFORMATIONEQUITY CONTRIBUTIONGOVERNMENT GUARANTEESINTEREST RATESINTERNATIONAL BANKLOANLOAN GUARANTEETAXTRANSPARENCY Loading ...