2009年-世界发展银行全球_Investment_Commitments_Reach_a_New_Peak_in_South_Asia_While_the_Number_of_New_Projects_Declines_8页_843kb

Summary of PPI Data Update Note 33 - December 2009

Core Content

The document provides an update on private participation in infrastructure (PPI) in South Asia for 2008, highlighting both the growth in investment commitments and the decline in the number of new projects due to the financial crisis. It includes data on the distribution of investment across countries, sectors, and project types, as well as information on potential and concluded projects.

Main Views and Key Information

Total Investment Commitments

• In 2008, 36 new infrastructure projects with private participation reached financial or contractual closure in South Asia.
• Total investment commitments for these projects amounted to US$17.9 billion.
• Additional investment in previously implemented projects reached US$15.4 billion, bringing the total investment in 2008 to US$33.4 billion.
• This total represents a 12% increase from 2007, marking a new regional peak.

Investment by Project Type

• Greenfield projects were the most common, accounting for US$27.5 billion or 83% of the total regional investment.
• Greenfield investment increased by 15% from 2007, reaching the highest level in the 1990–2008 period.
• Concessions were the second most common type, with 8 new concessions signed in 2008, involving US$4.7 billion or 14% of total investment.
• Investment in concessions rose by 40% compared to 2007, but the number of concessions declined by 70%.

Sector-Wise Investment

• Telecommunications and energy were the top sectors, accounting for 42% and 41% of total investment respectively.
• Energy investment reached US$13.6 billion, up 11% from 2007, the highest level in the 1990–2008 period.
• Telecommunications investment grew by 9% to US$13.9 billion, again the highest level in the period.
• Transport investment increased by 27% to US$5.8 billion, the second highest level in the period.
• Water and sewerage investment was minimal, with only US$76 million in two projects.

Regional Distribution

• India accounted for 84% of the regional investment and implemented 28 of the 36 new projects.
• Pakistan was the second most active country, implementing 7 new projects and attracting 12% of the regional investment.
• Bangladesh had 1 new project and 12% of the regional investment.

Investment Trends

• Investment in new projects was more evenly distributed in 2008 compared to 2006 and 2007, when it was concentrated in the second half.
• In the first half of 2008, 17 new projects were implemented, involving US$9.6 billion in investment, a 90% increase from the same period in 2007.
• In the second half of 2008, investment in new projects declined by 28% to US$8.3 billion.
• Preliminary data for the first half of 2009 suggest a strong recovery, with investment reaching US$18.2 billion.

Potential Projects

• At least 41 other infrastructure projects, representing US$24 billion in investment, were awarded but had not reached closure by the end of 2008.
• These potential projects included 24 energy projects, 16 transport projects, and 1 water project.

Canceled and Distressed Projects

• No infrastructure projects with private participation were canceled or became distressed in South Asia during 2008.

Concluded Projects

• Two infrastructure projects concluded in 2008:
  • Chittagong Container Terminal in Bangladesh (a 2-year management contract).
  • Udaipur Bypass in India (a 11-year and 8-month ROT concession).

Key Figures

• Total investment in South Asia in 2008: US$33.4 billion (up 12% from 2007).
• Investment in new projects: US$17.9 billion (up 8% from 2007).
• Investment in existing projects: US$15.4 billion (up 18% from 2007).
• Investment in physical assets: US$31.9 billion (up 10% from 2007).
• Payments to governments: US$1.5 billion (up 140% from 2007).

Summary Table of Key Projects (Selected)

Conclusion

Despite the financial crisis, South Asia saw a record level of investment in infrastructure with private participation in 2008, driven largely by greenfield projects and large-scale energy investments. While the number of new projects declined, the investment in existing projects and large infrastructure projects helped maintain the overall growth. India remained the dominant player in the region, accounting for the majority of investment and project activity.