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Record Nr. |
UNINA9910814816403321 |
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Autore |
Halland Havard |
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Titolo |
Resource financed infrastructure : a discussion on a new form of infrastructure financing / / Havard Halland, John Beardsworth, Bryan Land, and James Schmidt ; with comments by Paul Collier, Alan Gelb, Justin Yifu Lin and Yan Wang, Clare Short, Louis Wells |
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Pubbl/distr/stampa |
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Washington, DC : , : International Bank for Reconstruction and Development / The World Bank, , 2014 |
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2014 |
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ISBN |
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Descrizione fisica |
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1 online resource (xv, 89 pages) : illustrations (some color) ; ; 26 cm |
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Collana |
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Disciplina |
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Soggetti |
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Infrastructure (Economics) |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Front Cover; Contents; Acknowledgments; About the Authors; About the Commentators; Abbreviations; Part 1 Key Perspectives; Overview; Scope and Focus; RFI Essentials; RFI Debated; Criticism and Risks; Part 2 Resource Financed Infrastructure: Origins and Issues; Chapter 1 Introduction; Boxes; Box 1.1 In a Word; Chapter 2 The Origins of the Resource Financed Infrastructure Model; Traditional Resource Development Model; Box 2.1 The Investor; Figures; Figure 2.1 Example of a Traditional Resource Development Model; Box 2.2 Dual Role Risks; Tables; Table 2.1 Traditional Resource Development Model |
Traditional Government Infrastructure Purchasing Model Figure 2.2 Example of a Traditional Government Infrastructure Purchasing Model; Project Finance Model; Table 2.2 Traditional Government Infrastructure Purchasing Model; Figure 2.3 Example of a Project Finance Model; Public-Private Partnership Model; Table 2.3 Project Finance Model; Figure 2.4 Example of a Public-Private Partnership Model; Table 2.4 Public-Private Partnership Model; Mind the Gaps; Chapter 3 Resource. Financed. Infrastructure.; Box 3.1 Three Government Counterparties for One Project? |
Figure 3.1 Example of a Resource Financed Infrastructure Model with Government Ownership of the Infrastructure Component The Resource |
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Financed Infrastructure Model: Similar to Its Parents, But a Unique Child; Figure 3.2 Example of a Resource Financed Infrastructure Model with a PPP Coinvestor in the Infrastructure Component; Table 3.1 Resource Financed Infrastructure Model; Chapter 4 Early Experience with Resource Financed Infrastructure Transactions; Box 4.1 A Model Timeline?; Chapter 5 Financial Issues; Unbundling the Main Financing Characteristics; Box 5.1 Revenue Anticipation Financing |
Valuation of Resource Financed Infrastructure Exchanges Box 5.2 Pay the Interest?; Relationship to the Fiscal Regime; Box 5.3 The Project Implementation Unit; Box 5.4 Is Confidentiality Habit Forming?; Infrastructure Pricing; The Role of Concessional Finance; Environmental and Social Obligations; Chapter 6 Structural Issues; Key Contractual Arrangements in the Resource Financed Infrastructure Model; Tendering; Structure of Contract Liabilities and Settlement of Disputes, Current Practices, Main Issues, and Options; Sharing of Risk; Government Ownership/Joint Ventures |
Chapter 7 Operational Issues Quality of the Infrastructure/Third-Party Supervision; Operation and Maintenance of Infrastructure; Specification of Technical Standards and Monitoring Requirements; Box 7.1 Choosing Standards; Chapter 8 Conclusions; Part 3 Comments; Comments by Paul Collier; Comments by Alan Gelb; Comments by Justin Yifu Lin* and Yan Wang**; Comments by Clare Short; Box A.1 The EITI Standard's Treatment of Resource Financed Infrastructure; Comments by Louis T. Wells; Back Cover |
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Sommario/riassunto |
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In recent decades, resource-rich developing countries have been using their natural resources as collateral to access sources of finance for investment, countervailing the barriers they face when accessing conventional bank lending and capital markets. One of the financing models that have emerged as a result is the Resource Financed Infrastructure (RFI) model, a derivation of previous oil-backed lending models pioneered by several Western banks in Africa. Under a Resource Financed Infrastructure (RFI) arrangement, a loan for current infrastructure construction is securitized against the net |
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