2010年-世界发展银行全球_Private_Activity_in_Water_and_Sewerage_Declines_for_Second_Consecutive_Year_8页_702kb

Summary of Private Participation in Infrastructure Database (PPI Data Update Note 37, June 2010)

Core Content

The PPI Database report for 2009 highlights a decline in private participation in water and sewerage infrastructure projects in low- and middle-income countries. A total of 35 projects with private participation were implemented, involving an investment of nearly US$2 billion. This marks a significant decrease from the previous year, with the number of new projects reaching closure declining by 46% and annual investment commitments falling by 31%.

Main Points

• Concentration of Investment: Private activity in 2009 was highly concentrated, with two projects (in Jordan and Algeria) accounting for 72% of the total investment. China alone represented 80% of new projects and 25% of the total investment.

• Subsector Focus: The majority of private activity was in water and sewage treatment plants, which accounted for 28 out of 35 projects and US$1.7 billion in investment. The remaining 7 projects were in water utilities, with a total investment of US$285 million.

• Types of Private Participation: The most common type was the Build-Operate-Transfer (BOT) contract, which accounted for 23 projects. Other types included concessions (8), lease contracts (2), management contracts (1), and divestiture (1).

• Regional Activity:

  • East Asia and Pacific: China implemented 28 projects with a total investment of US$498 million, while the Philippines had 1 project with US$27 million in investment.
  • Latin America and the Caribbean: Brazil and Haiti implemented 3 projects in total, with Brazil having 2 and Haiti 1.
  • Middle East and North Africa: Algeria and Jordan implemented 2 projects, totaling US$1.4 billion in investment.
  • South Asia: India implemented 1 project with US$23.5 million in investment.
  • Europe and Central Asia and Sub-Saharan Africa reported no new projects.

• Project Status:

  • 28 projects were in the treatment plants subsector.
  • 7 projects were in the utilities subsector.
  • Of the 35 projects, 22 had entirely local sponsors, while 6 had foreign sponsors.
  • In the utilities subsector, 3 projects included both water and sewerage services, and 4 involved only water services.

• Investment Trends:

  • The number of projects reaching closure declined by 61% in the second semester of 2009 compared to the same period in 2008.
  • Investment in the second semester declined by 89%, while the first semester saw a 35% increase in investment, mainly due to a single large project in Jordan.

• Potential New Projects:

  • At least 14 projects were awarded but did not reach financial or contractual closure by the end of the year.
  • Most of these were in China, with a variety of treatment plant and utility projects.
  • In Latin America and the Caribbean, three projects were in Mexico, all awarded in 2009.
  • In the Middle East and North Africa, two projects were awarded in 2009, one in Egypt and one in Morocco.

• Canceled and Distressed Projects:

  • Two contracts were canceled in Argentina, and three became distressed in Ecuador.
  • These projects represent 7.2% of all water projects and 29.5% of total investment from 1990 to 2009.
  • Distressed projects accounted for 1.8% of all water projects and 7.6% of total investment.

Key Information

• The decline in private participation was attributed in part to fiscal stimulus packages reducing the need for local governments to seek private financing, especially in China.
• The share of water projects with foreign sponsors dropped from 48% in 2007 to 26% in 2009, indicating a shift toward local private sponsors.
• The most significant decline occurred in the second half of the year, with a sharp drop in both the number of projects and investment.
• A single large project in Jordan (Disi-Amman water conveyor) accounted for the majority of the investment increase in the first semester.
• The report highlights a trend of increasing local involvement and decreasing foreign participation in water infrastructure projects in developing countries.