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The main
objectives of this study were to explore various strategies and
options open to the PWA to privatize all or some of the regional
utilities operated by it, examine the advantages and
disadvantages of each option and recommend a rank ordering of
each option in terms of efficiency of the process and the
effectiveness of the outcome.
The privatization options analyzed included
arrangements under which public ownership would be maintained
but the private sector would have varying degrees of
responsibility and autonomy for operations, investment (service
contracts, management contracts, lease/affermage arrangements
and concession arrangements). A second set of options involved
private ownership of assets (BOOT and its variations, reverse
BOOT, joint ownership and outright sale).
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