Financing the Boom in Public-Private Partnerships in Indian Infrastructure : Trends and Policy Implications

India has seen rapid growth in recent years in its program of infrastructure public-private partnerships (PPPs). Despite the surge in demand for finance, local financial markets coped well over the period to 2007 and even offered better terms as they became more used to the PPP model. But areas of possible concern have developed. Gearing has increased significantly, and financing terms mean that PPPs are more exposed to interest rate volatility causes for concern in a period of rising rates and reduced liquidity. Further growth in PPPs will likely require a broadening of the sources of financing once the present financial market turmoil has lessened. Addressing these concerns will call for policy reforms to capital markets and concession frameworks.

Detalhes bibliográficos

Principais autores:	Harris, Clive, Kumar, Sri Tadimalla
Formato:	Brief biblioteca
Idioma:	English
Publicado em:	World Bank, Washington, DC 2008-12
Assuntos:	ACCOUNTING, ACTIVE BOND MARKET, ADVERSE EFFECTS, ASSET-LIABILITY MISMATCH, BAILOUT, BAILOUTS, BANKRUPTCY, BASIS POINTS, BIDS, BOND, BOND MARKET REFORMS, BOND MARKETS, BOND SPREADS, BONDS, CALCULATIONS, CAPITAL MARKETS, CAPITAL STRUCTURE, COMMERCIAL BANKS, CONCESSION, CONCESSIONS, CONSEQUENCES OF BANKRUPTCY, CORPORATE BOND, CORPORATE BOND MARKET, CORPORATE BONDS, COST OF CAPITAL, DEBT, DEBT FINANCING, DEBT-EQUITY, DEBT-EQUITY RATIOS, DIRECT EQUITY INVESTMENTS, EQUITY CONTRIBUTIONS, EQUITY INVESTMENTS, EQUITY RATIOS, EQUITY RETURNS, FINANCE CORPORATION, FINANCIAL CRISIS, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL INVESTORS, FINANCIAL MARKET, FINANCIAL STRUCTURES, FINANCIAL SUPPORT, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, GOVERNMENT BAILOUT, GOVERNMENT BORROWING, GOVERNMENT GRANTS, INFRASTRUCTURE PROJECTS, INSTITUTIONAL LENDERS, INTEREST CHARGES, INTEREST RATE, INTEREST RATE RISK, INTEREST RATE VOLATILITY, INTEREST RATES, INTERNATIONAL FINANCE, INVESTOR PARTICIPATION, LEVERAGE, LIABILITY, LIKELIHOOD OF BANKRUPTCY, LIQUIDITY, LOAN, LOCAL FINANCIAL MARKETS, LONG-TERM FUNDS, LONG-TERM INTEREST, MARKET PARTICIPANTS, MARKET VALUE, MATURITY, PRIVATE INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE SECTOR INVESTMENT, PUBLIC SECTOR BANKS, PUBLIC-PRIVATE PARTNERSHIP, PUBLIC-PRIVATE PARTNERSHIPS, RAPID GROWTH, RATE OF INTEREST, RATES OF RETURN, REGULATORS, REGULATORY CONSTRAINTS, REGULATORY REGIME, RETURN, RISK PREMIUM, SALE, SAVINGS, SAVINGS DEPOSITS, SENIOR, SENIOR DEBT, SENIOR LENDERS, SHARE OF EQUITY, SHAREHOLDERS, SOURCE OF FUNDS, STRATEGIC INVESTOR, STRATEGIC INVESTORS, SUBORDINATED DEBT, SUSTAINABLE DEVELOPMENT, TAX, TAX ADVANTAGES, TAXPAYER BAILOUTS, TECHNICAL ASSISTANCE, TERM DEPOSITS, TERMINATION, TOTAL DEBT, TRACK RECORD, TRADING, TRADING PLATFORMS, TREASURY, USE OF DEBT,
Acesso em linha:	http://documents.worldbank.org/curated/en/2008/12/10201103/financing-boom-public-private-partnerships-indian-infrastructure-trends-policy-implications http://hdl.handle.net/10986/10577
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