scholarly journals Private Sector Participation in Infrastructure Development: A NonResident Infrastructure Fund in Bangladesh

2019 ◽  
Author(s):  
Md. Mahmudul Alam ◽  
Abu Rashed
Keyword(s):  
Private Sector ◽  
Mutual Funds ◽  
Local Market ◽  
Toll Roads ◽  
Infrastructure Development ◽  
Private Sector Participation ◽  
High Return ◽  
Private Power ◽  
Infrastructure Project ◽  
The Government

Infrastructure is considered as the engine of growth for an economy with possibilities of high return for the investors. However, in Bangladesh the infrastructure sector has been suffering a lot due to fund shortage. Bangladesh is one of the highest remittance recipient countries in the world, but the current saving schemes of the country are not enough to attract the non-resident Bangladeshis (NRB). In this situation, an NRB Infrastructure Fund (NIF) can be established, where NRBs will invest in private infrastructure projects like toll roads, private power plant, land and seaport etc. In 2004, the Government prepared the Private Sector Infrastructure Guidelines (PSIG) that emphasized formation of NRB funds for infrastructure sectors. Except for three general mutual funds for NRB under Investment Corporation of Bangladesh (ICB), there has been no other initiative. The viability of the fund remains far below the expectations. This paper proposes an NRB fund for private infrastructure development with option to trade the shares in the local market. The fund will be used for a longer period of time in the company in compliance with the infrastructure project parameters. The paper also provides some technical and commercial proposals for forming such a fund in the country and examines its impacts on the economy as a whole

scholarly journals PUBLIC PRIVATE PARTNERSHIP: ALTERNATIF PEMBANGUNAN INFRASTRUKTUR DALAM NEGRI

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Fahmi Dzakky
Keyword(s):  
Private Sector ◽  
Legal Aspects ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Literature Study ◽  
Private Partnership ◽  
Development Agenda ◽  
Private Sector Participation ◽  
The Government ◽  
Business Entities

Sebagai regulator dan fasilitator proyek infrastruktur Indonesia, Pemerintah telah mengundang partisipasi sektor swasta melalui pengaturan Public Private Partnership (PPP) atau yang dikenal juga dengan Kerjasama Pemerintah dengan Badan Usaha (KPBU). Kemitraan Pemerintah-Swasta umumnya dicirikan oleh entitas sektor swasta yang mengumpulkan dana untuk membangun aset yang dibutuhkan oleh Pemerintah, dan menyediakan fasilitas atau layanan sebagai imbalan aliran pendapatan kontraktual dari Pemerintah atau pengguna. Hal ini disebabkan PPP dikatakan efektif untuk dijadikan alternatif pembangunan infrastruktur di dalam negeri. Tulisan ini akan menganalisis mengenai eksistensi PPP sebagai unsur alternatif pembangunan infrastruktur di Indonesia, dilihat dari aspek hukum dan implementasinya. Metode yang digunakan adalah metode penelitian hukum normatif dengan menggunakan studi kepustakaan. Adapun hasil yang diperoleh adalah Pemerintah harus berupaya untuk dapat meningkatkan kualitas kontrak dan perbaikan skema PPP sehingga dapat menarik investor turut membantu pemerintah pada agenda pembangunan infrastruktur dalam negeri.Kata Kunci: PPP, infrastruktur, pembangunanABSTRACTAs the regulator and facilitator of Indonesian infrastructure projects, the Government has invited private sector participation through the regulation of Public-Private Partnership (PPP) or also known as Government Cooperation with Business Entities (KPBU). Government-Private Partnerships are generally characterized by private sector entities that raise funds to build assets required by the Government and provide facilities or services in exchange for a contractual revenue stream from the Government or users. This is because PPP is said to be effective to be an alternative to infrastructure development in the country. This paper will analyze the existence of PPP as an alternative element of infrastructure development in Indonesia, judging by the legal aspects and its implementation. The method used is normative legal research method using literature study. The result obtained is that the Government should strive to be able to improve the quality of contracts and improve PPP schemes to attract investors to help the government on the domestic infrastructure development agenda. Keyword: PPP, infrastructure, development

scholarly journals Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

2018 ◽  
Vol 34 ◽  
pp. 01020
Author(s):  
Norsyakilah Romeli ◽  
Faridah Muhamad Halil ◽  
Faridah Ismail ◽  
Muhammad Sufian Hasim
Keyword(s):  
Joint Venture ◽  
Infrastructure Development ◽  
Developed Country ◽  
Survey Question ◽  
Construction Period ◽  
Railway Infrastructure ◽  
Infrastructure Project ◽  
Technical Issues ◽  
Spss Software ◽  
The Government

As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

scholarly journals Stakeholder perceptions in the factors constraining the development and implementation of public private partnerships in the Ugandan electricity sector

2009 ◽  
Vol 20 (2) ◽  
pp. 2-9 ◽  
Author(s):  
Emmanuel Akampurira ◽  
David Root ◽  
Winston Shakantu
Keyword(s):  
Private Sector ◽  
Quantitative Methods ◽  
Business Environment ◽  
Electricity Sector ◽  
Public Private Partnerships ◽  
Relative Importance ◽  
Private Sector Participation ◽  
Power Deficit ◽  
Sub Saharan ◽  
The Government

Amidst increasingly constrained public budgets and inadequate service delivery, private sector participation through public private partnerships is increasingly being used as a means for delivering physical infrastructure. The government of Uganda, which is currently grappling with a crippling electricity power deficit, has over the years, pursued a number of strategies to encourage private sector participation in the electricity sector, but with limited success. This paper presents the findings of research into the relative importance as perceived by sector stakeholders, of factors that hamstring private sector participation in the development of hydropower generation facilities through public private partnerships in Uganda. The stakeholders considered in this paper are those representing the government and private sector entities in the development of the partnerships. A review of literature and project documents enabled the identification of relevant factors. Data was collected from the respondents by means of a self administered structured questionnaire and quantitative methods used for data analysis. Key findings from the research indicate that the respondents regarded the regulatory and legal frameworks as being attractive for private sector participation and this business environment is further enhanced by their confidence in the government’s commitment to honour its contractual obligations. In contrast, difficulties in structuring and obtaining finance together with issues over the cumbersome approval process and resistance from environmental groups were identified as the most significant constraints to the development and implementation of public private partnerships in the Ugandan electricity sector. Recognizing the importance of an adequate and reliable supply of power in Uganda, as in so many other sub-Saharan countries, it is anticipated that the identification of the relative importance of the constraints as perceived by stakeholders, will inform the process of developing measures and strategies to mitigate the constraints thus facilitating the speedy implementation and deal closure of public private partnership initiatives with the ensuing benefits.

scholarly journals The Loss of Object Promised in Built Operate Transfer Scheme

2019 ◽  
Vol 8 (4) ◽  
pp. 12094-12097
Keyword(s):  
Private Sector ◽  
Private Law ◽  
Infrastructure Development ◽  
Transfer Scheme ◽  
Public And Private ◽  
Points Of Interest ◽  
The Government ◽  
Business Entities

Infrastructure development requires relatively large funds. The limited funding owned by the government encourages the government to cooperate with the private sector. The collaboration scheme is known as the collaboration of business entities (PPPs) or built operate transfer (BOT) schemes both concerning public and private law. Existing regulations encourage renegotiation as an effort to find points of interest for the parties.

scholarly journals LEGAL PRINCIPLES IN FUNCTION AND PERFORMANCE OF BOT CONTRACT

Yuridika ◽  
2017 ◽  
Vol 32 (3) ◽  
pp. 521
Author(s):  
Reifon Cristabella Eventia
Keyword(s):  
Private Sector ◽  
Development Project ◽  
Regulatory Control ◽  
Infrastructure Development ◽  
Legal Norms ◽  
Legal Principle ◽  
State Governance ◽  
The Government ◽  
And Performance ◽  
Principle Of Proportionality

Build, Operate and Transfer (BOT) represents a long term partnership of the government and private sector. In BOT project, either the government or a private sector identifies a need for a development project. The philosophy in BOT contract begins from the increasing infrastructural needs in all areas and with a limited budget, government are required to commit the duties and functions state governance so that the concept of BOT give a solution through a partnership with the private sector. The government then gives a concession to the private sector to build the project and operate it for a fixed period years, after the period ended, the building shall be transferred to the government. Through BOT, the country is able to gain asset without government spending while maintaining a measure of regulatory control over the project. BOT permits the government to use private sector fund to finance public infrastructure development. The main issues elaborated in this article are the legal principle in the formation of BOT contract and the legal principle in the performance of BOT contract. There are two results; firstly, in the formation of a BOT contract, the principles of partnership and the principle of transparency should be emphasized. Secondly, in performance of the BOT contract, the principle of risk management and the principle of proportionality should be clearly stated in the rules and legal norms. 

Multilateral development banks pivot to private sector

2017 ◽  
Keyword(s):  
Private Sector ◽  
World Bank ◽  
Private Investment ◽  
Infrastructure Development ◽  
Content Type ◽  
The World Bank ◽  
Private Sector Participation ◽  
Development Banks ◽  
Conflict Affected States ◽  
Regional Development Banks

Subject Encouraging more private sector participation in infrastructure development. Significance In April 2017 World Bank President Jim Yong Kim announced that the institution would increasingly focus on catalysing commercial capital for infrastructure development. This should provide impetus for public funds to be redeployed to leverage private investments, including in the poorest, riskiest countries. Aiming to be a ‘facilitator of capital’ as well as its historic function as a ‘provider of capital’, the World Bank will deploy new facilities and instruments for private sector participation, and increase its support for institutional, policy and regulatory reforms in developing countries. Impacts Scaled-up MDB operations in frontier economies will catalyse more private investment, particularly in fragile and conflict-affected states. New World Bank facilities and instruments will channel more capital from institutional investors towards emerging markets infrastructure. If World Bank repositioning is emulated by regional development banks, the entire landscape of development finance will be transformed.

scholarly journals NEW ROAD INFRASTRUCTURE DEVELOPMENT AND LOCAL COMMUNITY WELFARE: EVIDENCE FROM TOLLER DOOR IN MALANG OF INDONESIA

2021 ◽  
Vol 18 (1) ◽  
Author(s):  
Linda Seprillina ◽  
Ermita Yusida ◽  
Bagus Shandy Narmaditya ◽  
Yessica.Y.C Chung
Keyword(s):  
Local Community ◽  
Quantitative Description ◽  
Local Communities ◽  
Toll Roads ◽  
Infrastructure Development ◽  
Not Given ◽  
Asset Ownership ◽  
Consumption Level ◽  
The Government ◽  
The Impact

Abstrak: Tujuan penelitian ini bertujuan untuk mengetahui dampak yang ditimbulkan oleh pembangunan jalan tol dari empat pintu akses yang dibangun oleh pemerintah dan perekonomian masyarakat di daerah tersebut. Dengan menggunakan metode deskripsi kuantitatif dan uji Logit dengan sampel sebanyak 200 responden dari empat lokasi pintu keluar Malang-Pandaan, didapatkan hasil bahwa dampak dari infrastruktur ini terlihat dari perubahan tingkat pendapatan dan pengeluaran yang meningkat setelah adanya peningkatan pembangunan pintu keluar tol. Namun, peningkatan belanja atau konsumsi masyarakat lokal berdampak kurang signifikan, terutama dalam hal konsumsi kebutuhan pokok rumah tangga dan kepemilikan aset. Hal ini berimplikasi pada pembangunan infrastruktur yang dibangun pemerintah belum memberikan hasil yang maksimal seperti yang diharapkan masyarakat setempat dalam meningkatkan kesejahteraan masyarakat sekitar.Abstract: The purpose of this study aims to explore the impact caused by the construction of toll roads from the four access gates built by the government and community economies in the area. Using the quantitative description method and the Logit test with a sample of 200 respondents from the four Malang-Pandaan exit gate locations, the findings indicate that the impact of this infrastructure has been seen from changes in the level of income and expenditure that increased after the construction of the exit toll. However, an enhance in the expenditure or consumption level of local communities has a less significant impact, especially in terms of consumption of basic household needs and asset ownership. This implicates that infrastructure development built by the government has not given maximum results as expected by local communities in terms of improving the welfare of surrounding communities.

ASPEK YURIDIS PASAR MODAL SEBAGAI SARANA PEMBIAYAAN DAN PENGEMBANGAN PERUSAHAAN

2020 ◽  
Vol 10 (1) ◽  
pp. 13
Author(s):  
Suradiyanto Suradiyanto
Keyword(s):  
Private Sector ◽  
Initial Public Offerings ◽  
Capital Market ◽  
Infrastructure Development ◽  
Investment Fund ◽  
Goods And Services ◽  
Good Investment ◽  
The Government ◽  
Public Offering ◽  
The Capital Market

Parties that require investment fund is not limited to the government alone, but also other productive sectors of the private sector. If the government usually acts as an initiative taker physical infrastructure development, the private sector (individuals and companies) to act as a driver of economic activity such as attempts commercial production of goods and services calculated based on pure business will be profitable. All this requires a good investment fund short-term nature, such as working capital for the cost of operational needs, as well as long-term funds such as for procurement of fixed assets required. In order to meet the needs of the company will fund as a means of financing and development can be done through various options of financing the company and one of the company's financing alternatives can be done by finding others to participate invest in the company. This can be done by selling the majority ownership of the company to the general public by way of public offering (go public) through the capital market. Initial public offerings made by the company through the capital market can make the company receives cash from the public which can then be used by the company for financing and development of the company

Private sector participation in the Shanghai water sector

Water Policy ◽  
2007 ◽  
Vol 9 (4) ◽  
pp. 405-423 ◽  
Author(s):  
Seungho Lee
Keyword(s):  
Private Sector ◽  
Water Policy ◽  
Water Services ◽  
Water Sector ◽  
Private Companies ◽  
Regulatory Frameworks ◽  
Smooth Path ◽  
Private Sector Participation ◽  
Quality Water ◽  
The Government

This paper explores the extent to which private sector participation has had an impact on Shanghai's water policy since the late 1990s. This study focuses on the private sphere where private companies in the Shanghai water sector have adapted to new changes in political and economic circumstances. Recent findings based on fieldwork and data from 2000 to 2004 disclose that the Shanghai government has been committed to implementing reforms for private sector participation in the water sector. In response, private companies have actively participated in the process of privatisation. Such private sector participation, however, is unlikely to continue on a smooth path unless the Shanghai government establishes adequate legal and regulatory frameworks for private companies. The study concludes that privatisation in the Shanghai water sector will be an unavoidable process for the rationalisation of water services stimulated by the programme of economic reforms initiated in the late 1970s. But this process has been and will continue to be, balanced first by the government's role in regulating privatised water services, second by the contribution of private companies in service provision and third by the continuous interaction between the government and private companies to achieve provision of high quality water in Shanghai.

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