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PPP in Rail - Overview

Mathieu Verougstraete (ESCAP)

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Transcript of PPP in Rail - Overview

escap-ttd@un.org

http://www.unescap.org/our-work/transport/financing-and-private-sector-participation

Thank you
PPP in Rail
Overview and Recent Trends
Asia-Pacific Forum on Public-Private Partnerships for Transport Infrastructure Development
Mathieu Verougstraete
Demand Risk
Lower demand than projection
Financial distress
Freight Rail PPP Projects (e.g. Mining products)
Country Distribution
11 ESCAP countries have used PPP for Rail Development
Australian (2014 Projects):
Sydney North West Rail Link ($3 bn)
Sydney LRT ($1.3 bn)
Trends in PPP Rail Projects for ESCAP countries
Source: World Bank, PPI project Database & Infrastructure Australia (Republic of Korea not included)
45 PPP projects in the ESCAP Region since 1990
Total investment value approx. $34 billion
Ambitious plan in the region
Thailand Projects expected to be open for PPP:
Four Mass Transit Projects ($9 bn)
New tracks for high-speed lines (867km - $12bn)
Five double-tracking rail routes (797km - $3.5 bn)
The Philippines (2014):
Manila - LRT Line 1 Extension and O&M ($1.5bn) signed
Needs
Congestion costs already estimated at
2-5 %
of Asian GDP
large investments required
Trends in the Region
Can PPP be part of the solution?
In the last decade, the urban population in Asia grew an average
0.8 million people / week
Congestion costs already estimated at 2% - 5% of Asian GDP (source: ADB)
Rail is a much more carbon efficient transport mode than road
Key characteristics
(source: ADB)
one sixth of that of road freight
For more sustainable growth
source: Bangkok Post
Hyderabad Metro (India - $3.6 bn)
Beijing Metro Line 14
Delhi Airport Link ($ 0.5 bn)
Shenzen Subway Line 4 (Phase II) ($0.8bn)
Adelaide to Darwin Railway (Australia - $1.3 bn)
more than 70% for passenger services
Urban rail projects (MRT, LRT)
High-speed lines
Amortization of Electrical & Mechanical systems
Socially acceptable / competitive fare
Advertizing & small shops
O&M Costs
Amortization of Civil Works
Government subsidy !
source: IFC Infrascope
Capturing increased land value?
Public financing of civil works
Financial Viability
Forecasts have been inaccurate
Integration with other transport systems
Facilitating access to the stations
Service Quality
Balance between
incentivizing the private sector
& making the project bankable
Amortization of Electrical & Mechanical Systems
Socially Acceptable / Competitive Fare
Advertizing & Small Shops
O&M Costs
Amortization of Civil Works
Government Subsidy !
source: IFC Infrascope
Full transcript