2008年-世界发展银行全球_Investment_Commitments_in_South_Asia_Remained_at_a_Peak_Level_in_2007_8页_474kb

Summary of Investment Commitments in South Asia in 2007

Core Content

In 2007, investment commitments in South Asia for infrastructure projects with private participation remained at a peak level of approximately US$29 billion, continuing the US$28–29 billion range for the second consecutive year. This accounted for 18% of the total investment commitments in developing countries for that year.

The investment was driven by both new projects and projects reaching financial closure from previous years. Specifically, 58 new projects attracted US$15.7 billion, while projects implemented between 1990–2006 accounted for US$13.3 billion.

Main Points

• India dominated private infrastructure activity, accounting for 50 of the 58 new projects and 78% of total investment in the region.
• Greenfield projects were the most common type, comprising 29 of the 58 projects and over 80% of investment.
• Energy and telecommunications were the two sectors with the highest investment in 2007.
  • Energy accounted for 42% of investment, totaling US$12.3 billion, with 19 new projects in India and Pakistan.
  • Telecommunications accounted for 43% of investment, totaling US$12 billion, with two new projects in Bangladesh and Sri Lanka.
• Transport investment fell from US$10 billion in 2006 to US$4.2 billion in 2007, but still represented the second-highest level in the 1990–2007 period.
  • 32 new transport projects were implemented, all in India and Pakistan.
  • India had 31 road projects with over 1,700 km of infrastructure and US$2.8 billion in investment.
  • Pakistan signed a 40-year concession for Gwadar Port Phase II.

Key Information

Investment Breakdown

• Total investment commitments: US$29 billion
• Investment in physical assets: US$27–28 billion (almost all of the total investment)
• Payments to the government: US$0.6 billion (<2% of annual investment)
• New projects: 58
  • Energy: 19 (all in India and Pakistan)
  • Telecom: 2 (Bangladesh and Sri Lanka)
  • Transport: 32 (all in India and Pakistan)
  • Water and sewerage: 5 (all in India)

Sector-wise Investment

• Energy: US$12.3 billion (42% of total)
• Telecom: US$12.3 billion (43% of total)
• Transport: US$4.2 billion
• Water and sewerage: US$140 million

Notable Projects

Energy

• India:
  • 12 new power plants with a total capacity of 8,609 MW and investment of US$9.7 billion.
  • Power Grid Corporation of India sold 13.6% of its shares through the local stock exchange.
  • East-West Gas Pipeline with a capacity of 120 million standard cubic meters per day.
• Pakistan:
  • 5 new generation plants with a total capacity of 1,015 MW.

Telecommunications

• Bangladesh:
  • National TeleCom (NTC) awarded a PSTN license for US$1.7 million.
• Sri Lanka:
  • Bharti Airtel awarded a mobile license for US$4 million.

Transport

• India:
  • 31 road projects with US$2.8 billion in investment.
  • 29 road projects included government payments (annuity or capital grants).
  • 2 seaport projects (Chennai and Orissa) under BOT contracts.
• Pakistan:
  • Gwadar Port Phase II under a 40-year concession.

Water and Sewerage

• India:
  • Chennai Desalination Ltd. (BOT) with 100,000 cubic meters per day capacity.
  • Nagpur Water Supply and Sewerage Projects included management contracts and rehabilitation projects.
  • Latur Water Supply Scheme under a 10-year concession (RLT).

Canceled and Distressed Projects

• Total: 7 projects (1 in Bangladesh, 1 in Pakistan).
• Total investment affected: 3% of the total investment commitments in 1990–2007.
• Bangladesh:
  • Thai Airways canceled its 10-year management contract for Shah Amanat Airport due to delays.
• Pakistan:
  • Pakcom's mobile license became distressed due to disagreements over fees.

Concluded Projects

• No infrastructure projects with private participation were concluded in 2007.

Conclusion

2007 saw continued high levels of investment in South Asia's infrastructure, with India leading in both quantity and value. The focus was primarily on energy and telecommunications, driven by greenfield projects. While transport investment declined, it remained significant. Water and sewerage saw limited private activity, mainly in India. Despite the overall success, cancellations and distressed projects represented a small but notable portion of the total investment.