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Private Initiatives in Infrastructure - Priorities, Incentives, and Performance -  

International Joint Research Project Series

No.4


International Joint Research Project Series Private Initiatives in Infrastructure - Priorities, Incentives, and Performance - ■ Private Initiatives in Infrastructure - Priorities, Incentives, and Performance -
■ Edited by Masatsugu Tsuji, Sanford V. Berg and Michael G. Pollitt
■ 4,644Yen (Price without consumption tax:4,300 Yen)
■ 395pp.
■ Published in 2000
■ ISBN4-258-56004-9

This volume examines the participation of the private sector in infrastructure building. British Private Finance Initiatives (PFIs) are analyzed in detail. It presents results of an international joint study including U.S., U.K. and Japanese teams.

CONTENTS

Preface pdf / Takashi Nohara
Introduction / Mitsuhiro Kagami, Masatsugu Tsuji

Part I. Japan Team

1. Summary of the Japan Team / Masatsugu Tsuji
1.Introduction
2.Issues and Characteristics of Public Investment for Infrastructure Construction
3.Introduction of Private Resources to the Public Sector: The Third Sector Method
4.New Paradigm: Private Finance Initiative
5.Private Finance Initiative Promotion Act in Japan
6.Deregulation in the Electric Power Industry
7.Characteristics of Telecommunications Infrastructure Building
8.Infrastructure Building in Developing Countries and Japan
9.Conclusion

2. The Third Sector's Failure in Japan / Mitsuhiro Kagami
1.Introduction
2.What is the Third Sector
3.Background
4.The Third Sector Failures
5.Causes of Failures
6.Lessons from the Failures
References

3. Private Initiatives in Japan: Present, Problems, and Prospects pdf / Chie Kashiwabara
1.Introduction
2.Starting PFI: the Public and Private Sectors
3.Model Projects of Private Initiatives in Japan
4.Problems Concerning Introduction of PFI
5.Conclusions
Notes
References

4. Introduction of the Private Finance Initiative Promotion Act in Japan pdf / Miwa Yamada
1.Introduction
2.Why was the Act Enacted?
3.What does the Act Provide?
4.What are the Implications of the Act for the Future Relationship between the Public and Private Sectors in Infrastructure Development in Japan?
5.Toward the Future
Notes
References

5. The Liberalization of the Japanese Electric Power Industry pdf / Tsuruhiko Nambu
1.Introduction
2.The Cost Structure of Electric Power Generation
3.The Initial Liberalization of Electric Power
4.The Emergence of IPP
5.The Proposal of the Electricity Industry Council
6.How Far Liberalization Can Be Realized?
Notes
References

6. Infrastructure Building in the Japanese Telecommunications Sector: From Public-Public Partnership to Public-Private Partnership pdf / Masatsugu Tsuji
1.Introduction
2.Telecommunications Infrastructure
3.Telecommunications Infrastructure Construction in a Competitive Environment
4.Telecommunications Infrastructure Construction in a Non-Competitive Environment
5.Infrastructure Construction: Case of Kobe City
6.Characteristics of Japanese Telecommunications Infrastructure Construction
7.Conclusion: From PPP to Public-Private Partnership
Notes
References

7. Infrastructure Building in East Asia from the Viewpoint of Japan pdf / Yoko Uchida
1.Introduction
2.Current Situation of Infrastructure Building in East Asia and Japanese Participation
3.Infrastructure Building in East Asia after the Economic Crisis
4.Further Possibilities of BOT in East Asia
5.Application of BOT Experience to the Japanese Economy
Notes
References

Part II. UK Team

8. Summary of the UK Team / Michael Pollitt, Sunil Mani, Tanga McDaniel
1.The Declining Role of the State in Infrastructure Investments in the UK
2.Private Initiatives in the England and ales Electricity Industry
3.Private Financing Initiatives in India's Infrastructure Sector
References

9. The Declining Role of the State in Infrastructure Investments in the UK / Michael Pollitt
1.Introduction
2.Privatization and Infrastructure Investment
3.The Development of the Private Finance Initiative (PFI)
4.The Theory of Private Finance for Public Project
5.The Experience of the PFI
6.Case Studies of PFI Projects
7.Conclusions
Notes
References

10. Private Initiatives in the England and Wales Electricity Industry / Tanga McDaniel
1.Introduction
2.Investment in the Nationalized Industry
3.Independent Generation
4.Conclusions
Notes
References

11. Private Financing Initiatives in India's Infrastructure Sector: an Analysis of Reforms in the Electricity Supply, Roads and the Distribution of Telecommunications Services Sectors since 1991 / Sunil Mani
1.Introduction
2.The Electricity Sector
3.The Road Sector
4.The Distribution of Telecommunications Services Sector
Notes
References

Part III. US Team

12. Summary of the US Team / Sanford Berg
1.Framework for Evaluating Infrastructure Policies
2.Economics of Politics - "Who Matters, What Matters?"
3.Causes and Impacts of Infrastructure Policy
4.Public Power: Perspectives in Electricity Restructuring
5.Environmental Issues in Electricity Restructuring
6.Global Rivalry in Infrastructure
7.Infrastructure Management: Applications to Latin America
8.Institutions and Telecommunications Performance in Africa: Stability, Governance and Incentives
9.Concluding Observations
Notes
References

13. Public Power: Perspectives in Electricity Restructuring / Salvador Martinez
1.Introduction
2.Recent Background
3.A New Wires Industry: Unique Issues Facing Public Power
4.Finance and Tax Issues Facing Public Power
5.Tennessee Valley Authority, Power Marketing Administrations, and Restructuring
6.Conclusion
Notes
References

14. Environmental Issues in a Restructuring Electric Industry / John Tschirhart
1.Introduction
2.Environmental Damage from Generation Emisions
3.Reducing Domestic Environmental Damage from Generation
4.Global Impacts of GHGs and Kyoto
5.Conservation
6.Developing Countries
7.Concluding Remarks
Notes
References

15. Global Rivalry in Infrastructure / Janice Hauge, Mark Jamison
1.Introduction
2.The New Telecommunications Industry
3.Case Studies in Telecommunications MLR
4.The New Electricity Industry
5.The New Natural Gas Industry
6.Case Studies in Energy MLR
7.Sources of MLR
8.Conclusion
Note
References


16. Infrastructure Management: Applications to Latin America / Maria Corton, Sanford Berg
1.Introduction
2.Information Issues for Potential Investors
3.Organizational Responses to Opportunities and Regulatory Rules
4.Application to Peruvian Water Utilities
5.Conclusions
Note
References

17. Institutions and Telecommunications Performance in America: Stability, Government and Incentives / Jacqueline Hamilton, Sanford Berg
1.Introduction
2.Public vs. Private Ownership
3.Basic Economic Conditions: Natural Monopolies vs. Potentially Competitive Markets
4.The Pace of Change
5.Some Policy Implications
References


Conclusion pdf / Mitsuhiro Kagami, Masatsugu Tsuji