Project Description

Project Title:

Developing Best Practices for Promoting Private Sector Investment in Infrastructure

Country:

Regional

Sector:

Water

In Country Location:

Manila

Funding Agency:

Asian Development Bank

Start Date:

1998

Completion Date:

1998

Associates:

 

Description of Project

 

This Regional Technical Assistance has aimed to develop sector specific best practices for promoting private sector participation in key infrastructure sectors in the ADB developing member countries– Michael Porter was contracted for his expertise in the water supply sector.  The strategic objectives were to increase the share of private sector investment in infrastructure in DMCs and demonopolize infrastructure sectors to promote competition in the supply of services.  “Best practices” were developed covering: sector policy issues related to pricing and competition; conducive legal and regulatory frameworks; the unbundling, mitigating and management of risks; and mechanisms to reduce transaction costs.

A Workshop, attended by key policy makers, project developers and financiers was held in December 1998 to disseminate and review the findings across a large number of DMCs.  The final output will be in the form of five published volumes, documenting the proposed policy, legal, regulatory and institutional frameworks and risk sharing arrangements for promoting private sector participation.

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