Transaction Costs in Private Infrastructure Projects - Are They Too High?

• Tác giả: Michael Klein
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.92 Specific policies
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 312005
• Chủ đề: 1. ADVISORY FEES; 2. AUDITING; 3. BALANCE SHEET; 4. BANKS; 5. FINANCIAL CLOSURE

Tóm tắt

While the number of private infrastructure projects continues to grow, tales of endless delays and exorbitant development costs still scare both developers and governments. The authors show that these costs are related not to project size but to the characteristics of the policy environment. As governments gain experience and clarify policy, these costs will inevitably fall.