State assets may fund Turkish public-private projects

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Development Programme ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
New Development ◽  
The Government ◽  
New Infrastructure

Subject Moves to shore up the PPP infrastructure programme. Significance Political instability, lira volatility and slowing economic growth have raised the risks from public-private partnerships (PPP) in Turkey’s ambitious infrastructure programme, by making it more difficult for developers to access loans. The government, faced with underwriting unprofitable projects and scaling back new development, has handed control of a slate of state companies to the new Turkish Sovereign Wealth Fund (TVFY). Impacts The government is committed to continue developing new infrastructure projects by the PPP model. Profits from the substantial assets transferred to the TVFY will be diverted to fund a grandiose infrastructure development programme. An expanded PPP programme will reinforce calls for better legislation, clarified legal processes and a dedicated agency to oversee projects.

Jokowi's five-year infrastructure plan is unrealistic

2015 ◽  
Keyword(s):  
Public Private Partnerships ◽  
Land Acquisition ◽  
Toll Roads ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Content Type ◽  
Financial Framework ◽  
Near Term ◽  
Food Inflation

Subject Outlook for infrastructure development. Significance President Joko 'Jokowi' Widodo has pledged to build 5,000 kilometres (km) of railway, 2,600 km of roads, 1,000 km of toll-roads and 49 dams over the next five years. To that end, his administration on March 20 issued a new regulation aimed at facilitating public-private partnerships (PPPs) in infrastructure projects. The new regulation seeks to strengthen the legal, regulatory and financial framework for such projects. Impacts Land acquisition problems will be the hardest to resolve, given the lack of proper records. Tighter checks on malfeasance promise longer-term gains in transparency, but near-term they will slow disbursement. Reducing food inflation will be difficult as long as the infrastructure deficit persists.

Philippines infrastructure outlay may slow after 2016

2015 ◽  
Keyword(s):  
Government Spending ◽  
Credit Ratings ◽  
Public Spending ◽  
Development Programme ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Content Type ◽  
New Public ◽  
Lame Duck ◽  
New Infrastructure

Subject Outlook for public-private partnerships. Significance Over the next 18 months, President Benigno 'Noynoy' Aquino's administration intends to bid out seven new public-private partnership (PPP) projects. Under Aquino, government spending as a share of GDP has declined while tax revenues have grown faster than expenditure. Aquino has pursued greater transparency and accountability in public spending, also vital to improving Philippines credit ratings. Yet the emphasis on probity and oversight of public spending has slowed PPP approvals, hindering Aquino's ambitious infrastructure development programme, itself integral to his anti-poverty drive. Impacts Aquino's anti-poverty drive may suffer from constrained infrastructure spending. Investors may lose confidence if Aquino cannot successfully bid out new infrastructure projects. Both factors may accelerate the onset of Aquino's 'lame duck' presidential period.

Indonesia reforms slightly boost infrastructure plan

2016 ◽  
Keyword(s):  
East Asia ◽  
National Development ◽  
Development Plan ◽  
South East Asia ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Public Infrastructure ◽  
Content Type ◽  
The Government ◽  
Private Investors

Subject Indonesia's infrastructure plans. Significance Indonesia will need over 416 billion dollars for infrastructure development between 2015 and 2019, according to the National Development Board's mid-term development plan published late last year. To that end, President Joko 'Jokowi' Widodo's government is planning to treble public infrastructure spending to 26 billion dollars in 2016, from about 9 billion dollars in 2015. For 2016, the government has pledged to streamline further the planning and funding systems of infrastructure projects, offering increasingly better regulatory and financial terms to private investors. Impacts Cancellation of the Bandung-Jakarta rail project has hit Chinese-Indonesian infrastructure cooperation, but only temporarily. A repeat of such a political debacle, however, could have a more lasting impact on Chinese and Japanese investors' appetite. To make 'new friends' in South-east Asia, Russia will probably invest in Indonesian infrastructure, especially in the energy sector.

PENGARUH PEMBANGUNAN INFRASTRUKTUR TERHADAP PDRB DI PROVINSI INDONESIA

Wahana ◽  
2019 ◽  
Vol 22 (1) ◽  
pp. 15-27
Author(s):  
Suripto Suripto ◽  
Eva Dwi Lestari
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Infrastructure Investment ◽  
Water Infrastructure ◽  
Infrastructure Development ◽  
Road Infrastructure ◽  
Health Infrastructure ◽  
Spatial Coverage ◽  
The Government

Economic growth is one indicator to measure  the success of economic development in a country. Economic development is closely related to infrastructure. Infrastructure development will have an impact on economic growth both directly and indirectly. Therefore, the role of the government in determining infrastructure development policies is very important to increase economic growth in Indonesia. The purpose of this study is to determine the effect of infrastructure on economic growth in Indonesia including road infrastructure, electricity infrastructure, investment, water infrastructure, education infrastructure and health infrastructure in Indonesia in 2015-2017.The analytical tool used in this study is panel data regression with the approach of Fixed Effect Model. The spatial coverage of this study is all provinces in Indonesia, namely 34 provinces, with a series of data from 2015 to 2017 with a total of 102 observations. The data used is secondary data obtained from BPS Indonesia.The results of the study show that (1) the road infrastructure variables have a negative and not significant effect on GDRP. (2) electrical infrastructure variables have a negative and not significant effect on GDRP. (3) investment variables have a positive and significant effect on GDRP. (4) water infrastructure variables have a positive and not significant effect on GDRP. (5) educational infrastructure variables have a positive and not significant effect on GDRP. (6) health infrastructure variables have a positive and significant effect on GDRP. Keywords: development, infrastructure, investment, GDRP, panel data

scholarly journals Use of forest land for national-priority infrastructures in Nepal

2017 ◽  
Vol 27 (1) ◽  
pp. 60-64
Author(s):  
U. R. Sharma
Keyword(s):  
Forest Area ◽  
Forest Conversion ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Forest Land ◽  
National Priority ◽  
Equivalent Area ◽  
Strict Enforcement ◽  
The Government ◽  
Forest Lands

 Forest conversion has been identified as one of the several bottlenecks affecting upon the major infrastructure projects in Nepal, especially in the energy and transport sectors. Nepal’s policy requires at least 40% of its land cover under forest. This means if any forest land is converted to non-forest land, it must be compensated with an equivalent area, preferably in the similar ecotype in the nation. In addition, a specified number of trees must be planted for the number of trees felled in the project site, and the site must be managed and protected for five years by the developers. These provisions have led to growing resentment between the developers and the Ministry of Forests and Soil Conservation (MFSC), leading to delay in providing forest lands for infrastructure projects. With a view to develop mechanisms for the government to rapidly provide forest land for nationally important infrastructure projects, the Government databases were examined to analyze the forests handed over to the developers for non-forestry uses. The data showed that a total of 14,028.4 ha of forest area were handed over to the developers for non-forestry uses until the end of 2015. On an average, 263.8 ha forest area was found to be handed over to the developers between the period of 2010–2013. However, there is a declining trend of forest handed over for non-forestry purposes in the recent years. The decline could be due to the strict enforcement of the legal provision which limits the conversion of forest areas to non-forest areas except in the case of the “national priority projects”. It has been recommended that the conversion of forest for infrastructure development should be examined with a holistic perspective by taking all the related components of forest conversion into consideration, from providing forest land for replacement planting. It is recommended that the Forest Product Development Board (FPDB), a parastatal organization under the MFSC, should be entrusted with the work of plantation related to forest conversion. The fund for this work should flow directly from the developers to the FPDB. The possibility of forming a land bank to facilitate the work of the FPDB is also recommended.Banko Janakari, Vol. 27, No. 1, Page: 60-64

Burundi reform hopes stand at a crossroads

2021 ◽  
Keyword(s):  
Infrastructure Projects ◽  
Content Type ◽  
New Infrastructure

Significance Since taking office last June, Ndayishimiye has taken small steps in this direction, but the progress and outlook remain mixed. Impacts Ndayishimiye’s attempts to mend ties with neighbouring Rwanda may enjoy the most success among his new initiatives. Burundi hopes a planned new rail link with Tanzania can help boost mining exports, but funding the USD1.9bn project may prove challenging. New infrastructure projects will be crucial for Burundi’s economy after years of anaemic growth, now exacerbated by the COVID-19 pandemic.

Australian central bank holds rate as growth slips

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Central Bank ◽  
Interest Rates ◽  
Labour Markets ◽  
Content Type ◽  
Commercial Lenders ◽  
The Government ◽  
Roll Out ◽  
Growth Forecasts

Significance The RBA has cut its growth forecasts amid rising job losses, weakening demand and increasing signs that the latest COVID-19 lockdowns will continue to slow the economy until the pace of the vaccine roll-out programme can be increased. Impacts Although the RBA is independent, the government will hope it keeps rates low ahead of the elections due next year. Commercial lenders could raise interest rates independently of the RBA if inflation remains high. Wage pressures will re-emerge as labour markets tighten but may be mitigated by the extent of underemployment. Economic growth will be uneven across the country in coming months as pandemic-related restrictions vary by location.

Skills shortage may hit Australia's post-COVID growth

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
General Election ◽  
Economic Recovery ◽  
Infrastructure Projects ◽  
General Increase ◽  
Content Type ◽  
Skills Shortage ◽  
Key Industries ◽  
Skills Shortages

Significance The closing of internal and external borders in response to COVID-19 has heightened a longstanding skills deficit in key industries, with implications for wage levels, prices and broader economic growth. However, a general increase in immigrant numbers may not provide the skills that are needed. Impacts Labour shortfalls may delay government infrastructure projects that were designed to lead the post-pandemic economic recovery. Foreign investment may be affected by skills shortages in key areas such as mining and metallurgy. Debate on immigration levels could influence voting in the general election that is now likely to be held in April.

Indonesia’s new investment ministry faces headwinds

2021 ◽  
Keyword(s):  
Central Bank ◽  
Foreign Investment ◽  
Short Term ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
Speed Up ◽  
The Government ◽  
Roll Out

Significance The government hopes greater domestic and foreign investment can help turn around the pandemic-hit economy. The governor of Bank Indonesia (BI), the central bank, last week said GDP should grow by 4.6% in 2021, compared with last year’s 2.1% contraction. Impacts Indonesia will count on private vaccination, whereby companies buy state-procured jabs for their staff, to help speed up its roll-out. The Indonesia Investment Authority, a new sovereign wealth fund, will prioritise attracting more investment into the infrastructure sector. Singapore will continue to be Indonesia’s largest source of FDI in the short term.

scholarly journals IMPACTS OF RISK FACTORS ON THE PERFORMANCE OF PUBLIC-PRIVATE PARTNERSHIP TRANSPORTATION PROJECTS IN VIETNAM

2017 ◽  
Vol 7 (2) ◽  
pp. 30-52 ◽  
Author(s):  
Do Tien Sy ◽  
Veerasak Likhitruangsilp ◽  
Masamitsu Onishi ◽  
Phong Thanh Nguyen
Keyword(s):  
Risk Factors ◽  
Subjective Evaluation ◽  
Government Agencies ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Economic Sectors ◽  
Transportation Projects ◽  
The Government ◽  
Private Investors ◽  
Laws And Regulations

The rapidly increasing demand and the inefficacy of financing transportation infrastructure project investments have contributed to various challenges for Vietnam in recent decades. Since the country’s budget is inadequate for investing in all necessary infrastructure projects, the Vietnam government has been inviting other economic sectors, especially the private sector, to participate in infrastructure development. The cooperation between the government agencies and the private entities, called PublicPrivate Partnership (PPP), must encounter various challenges leading to difficulties in attracting private investors. A main reason is that private investors must deal with critical risks concerning PPP investment environment. It is a challenging task for the government to optimally manage such risks to enhance the attractiveness of PPP projects for private investors. This paper examines the critical risk factors that influence the private sector’s investment decisions on PPP transportation projects in Vietnam. Risk factors inherent in typical PPP projects were compiled by comprehensive literature review. To reflect unique characteristics of PPP projects in Vietnam, the compiled risk factors were reviewed by a group of PPP experts from both the public and private sectors in Vietnam through indepth interviews and questionnaire surveys. In addition, ten PPP project case studies in Vietnam were analyzed to derive the risk profile of PPP transportation projects of the nation. These risk factors were quantitatively assessed based on their probabilities and impact levels. We found that the critical risk factors of PPP infrastructure projects in Vietnam are acquisition/compensation problems, approvals and permits, inadequate feasibility studies, finance market issues, subjective evaluation methods, and change in laws and regulations. By performing factor analysis, these critical risk factors were grouped into four categories: (1) bidding process, (2) finance issues, (3) laws and regulations, and (4) project evaluation issues. These critical risk factors represent the obstacles that repel private investors from PPP transportation projects in Vietnam. Thus, the Vietnam government agencies should meticulously address these issues to attract both domestic and foreign private investors in PPP projects.

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