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Promoting Private Sector Involvement
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| Evaluation Highlights | - Greater involvement of the private sector has often led to improved performance and better service.
- Six middle-income countries account for 80 percent of private sector transport infrastructure investment.
- In many cases, urban passenger services could be improved by better-regulated private sector competition.
- The Bank has made a major contribution to the roads subsector by promoting private sector road and maintenance management.
- IFC has increased its investments in transport.
- There must be sufficient local capacity to engage with the private sector and a supportive regulatory framework.
- Corporatization can succeed if accompanied by a variety of other reforms.
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Table 4.1: Analysis of Performance by Private Sector Development Objectives, Transport Sector Board Projects, Fiscal 1995-2006 | | | | Objectives rated moderately satisfactory or better | | Subobjective | No. of PSD objectives rated by IEG | Number | Percent | | Ports and ports restructuring | 9 | 6 | 67 | | BOT (roads) | 5 | 4 | 80 | | Maintenance by contract | 34 | 27 | 79 | | Railway restructuring | 14 | 11 | 79 | | All PSD | 62 | 48 | 77 | Source: World Bank data. Note: BOT= build, operate, and transfer project; PSD= private sector development |
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