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Description

This five-volume set presents the findings of an ADB regional technical assistance study which developed sector-specific best practices for promoting private sector participation in key infrastructure sectors in ADB's developing member countries.

The best practices cover the role of government, institutional reform, strategic planning, legal and regulatory frameworks, unbundling and competition, contractual arrangements, sources of financing, and the allocation of risk.

This volume reviews the various arrangements used throughout the world to transfer public port activities and assets to the private sector. It examines the trend toward terminal concessions and the transition from operating ports to landlord ports, and considers best practice.

Contents

• Foreword, Abbreviations, Glossary, List of Tables, List of Figures, List of Boxes
• Executive Summary
• Part One: Study Overview
• Introduction
• The Growth of Private Sector Participation
  • Expansion and Contraction of Private Sector Investment
  • The Challenge for Private Sector Infrastructure Investment
• Cross-Sectoral Issues for Private Sector Participation
  • The Need for Reform and Role of Government
  • Institutional Reform
  • Strategic Planning
  • Legal and Regulatory Framework
  • Unbundling and Introducing Competition
  • Sources of Financing
  • Risk and Risk Mitigation
• Summary of Sectoral Best Practices
  • Power
  • Water
  • Roads
  • Ports
  • Airports
• The Role of the Asian Development Bank
• Part Two: Ports Sector Report
• Background
  • In the Public Interest
  • The Cycle of Privatization
  • The Failures of Public Ports
  • Standard Organizational Structures
• Future Trends
• Institutional Reform in Public Port Management
  • Decentralization
  • Commercialization
  • Corporatization
• Strategies and Objectives
  • Unique Characteristics of Ports
  • Strategies
  • Port Objectives
  • Private Sector Objectives
• Competition and Contestable Markets
  • Potential for Monopoly Behavior
  • Sources of Competition
  • Avoiding Monopoly Behavior
• Financial Components of a Contractual Agreement
  • Pricing of Services
  • Payments to the Port
  • Investments
  • Sources of Financing
• Risk and Mitigation
  • Protection from Competition
  • Period and Penalties
  • Pricing Regulation
  • Currency Risk
  • Lenders' and Investors' Concerns
• Labor Reform
• The Continuing Role of the Public Sector
• Best Practices
  • What Defines Port Privatization?
  • Private Ownership
  • Private Management
  • Private Investment
  • Institutional Reform
  • Top-Down Reform Versus Bottom-Up Restructuring
  • Privatization of Individual Port Activities
• The Privatization Process and the Role of Advisors
  • Strategic Review
  • Legal Review
  • Financial Review
  • Investment Review
• The Role of the Asian Development Bank
  • Technical Assistance
  • Network Planning
  • Lending
• Appendixes
  • Major Container Terminal Operators and Concessions
  • Current Role of Private Sector
  • Port Privatization in India and Thailand
  • Experiences in Other Countries
  • Leases and Concession Agreements
  • Objectives of Port Privatization
  • Findings of Workshop on Private Sector Participation in Infrastructure