Asian Public-Private Partnerships: An Overview of Trends and Innovations
46 Pages Posted: 20 Feb 2013
Date Written: January 1, 2013
The research involves an archival review and analysis of 104 Public-Private Partnership (PPP) projects in Asia to determine general trends in investment, financing, and government support. Representing a total investment of about US$79.37 billion, these projects were implemented over a period of 26 years from 1985 to 2011, covering mainly the transportation, water, and energy sectors. Five major indicators were selected and used for screening the different Asian PPP projects. Plotting these indicators on a pentagram offered a graphical representation of these trends, allowing for a better understanding of the dynamics between risk mitigation measures and financing strategies.
Across the different sectors, PPP projects in the transportation sector exhibited the longest cooperation period and received the most government support, ranging from guarantees to direct financing and equity investment. Placing second to transportation projects, energy projects also received substantial government support enabling the implementation of many greenfield projects in Asia. The results also showed a general pattern of greater local ownership across the transportation, energy, and water sectors. A country analysis of the different PPP projects included in the study showed that India provided the most government support, followed by China and the Philippines, respectively.
Keywords: Public-Private Partnerships, Infrastructure, Asia
JEL Classification: H54, O18
Suggested Citation: Suggested Citation