Kosovo - Public private partnerships investment in transport (current US$)

Definition: Public Private Partnerships in transport (current US$) refers to commitments to infrastructure projects in transport that have reached financial closure and directly or indirectly serve the public. Movable assets and small projects are excluded. The types of projects included are management and lease contracts, operations and management contracts with major capital expenditure, and greenfield projects (in which a private entity or a public-private joint venture builds and operates a new facility). It excludes divestitures and merchant projects. Investment commitments are the sum of investments in facilities and investments in government assets. Investments in facilities are the resources the project company commits to invest during the contract period either in new facilities or in expansion and modernization of existing facilities. Investments in government assets are the resources the project company spends on acquiring government assets such as state-owned enterprises, rights to provide services in a specific area, or the use of specific radio spectrums. Data are in current U.S. dollars.

Source: World Bank, Private Participation in Infrastructure Project Database (http://ppi.worldbank.org).

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Development Relevance: Investment in infrastructure projects with private participation has made important contributions to improving the efficiency of infrastructure services, and extending delivery to poor people. Developing countries have been in the forefront, looking for better approaches to infrastructure services and reaping the benefits of greater competition and customer focus. Entrepreneurship is essential to the dynamism of the modern market economy, and a greater entry density of new businesses can foster competition and economic growth. Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: The data on investment in infrastructure projects with private participation refer to all investment commitments (public and private) in projects in which a private company assumes operating risk during the operating period or development and operating risk during the contract period. Investment refers to commitments not disbursements. Foreign state-owned companies are considered private entities for the purposes of this measure. Movable assets and small projects are excluded. The types of projects included are operations and management contracts, operations and management contracts with major capital expenditure, greenfield projects (in which a private entity or a public-private joint venture builds and operates a new facility), and divestitures. Investment commitments are the sum of investments in facilities and investments in government assets. Investments in facilities are the resources the project company commits to invest during the contract period either in new facilities or in expansion and modernization of existing facilities. Investments in government assets are the resources the project company spends on acquiring government assets such as state-owned enterprises, rights to provide services in a specific area, or the use of specific radio spectrums. Data on the projects are compiled from publicly available information. The database aims to be as comprehensive as possible, but some projects - particularly those involving local and small-scale operators - may be omitted because they are not publicly reported.

Statistical Concept and Methodology: The data are from the World Bank's Private Participation in Infrastructure (PPI) Project database, which tracks infrastructure projects with private participation in developing countries. It provides information on more than 6,400 infrastructure projects in 139 developing economies from 1984. The database contains more than 30 fields per project record, including country, financial closure year, infrastructure services provided, type of private participation, investment, technology, capacity, project location, contract duration, private sponsors, bidding process, and development bank support. The database is a joint product of the World Bank's Finance, Economics, and Urban Development Department and the Public-Private Infrastructure Advisory Facility. Geographic and income aggregates are calculated by the World Bank's Development Data Group. Data are in current U.S. dollars.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Private infrastructure investment