Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed:
Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the c...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs |
| Beschreibung: | 1 Online-Ressource (44 Seiten)) |
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| 520 | 3 | |a Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs | |
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| spelling | Estache, Antonio Verfasser aut Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed Estache, Antonio Washington, D.C The World Bank 2008 1 Online-Ressource (44 Seiten)) txt rdacontent c rdamedia cr rdacarrier Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs Online-Ausg Costs Debt Markets E-Business Economic Theory and Research Em Finance and Financial Sector Development Infrastructure Infrastructure Economics Infrastructure Economics and Finance Infrastructure development Infrastructure investment Infrastructure projects Investment and Investment Climate Investments Macroeconomics and Economic Growth Private Sector Development Public Sector Economics and Finance Road Roads Sanitation Transport Transport Economics, Policy and Planning Estache, Antonio Sonstige oth Iimi, Atsushi Sonstige oth Estache, Antonio Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4662 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Estache, Antonio Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed Costs Debt Markets E-Business Economic Theory and Research Em Finance and Financial Sector Development Infrastructure Infrastructure Economics Infrastructure Economics and Finance Infrastructure development Infrastructure investment Infrastructure projects Investment and Investment Climate Investments Macroeconomics and Economic Growth Private Sector Development Public Sector Economics and Finance Road Roads Sanitation Transport Transport Economics, Policy and Planning |
| title | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed |
| title_auth | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed |
| title_exact_search | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed |
| title_exact_search_txtP | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed |
| title_full | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed Estache, Antonio |
| title_fullStr | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed Estache, Antonio |
| title_full_unstemmed | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed Estache, Antonio |
| title_short | Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed |
| title_sort | procurement efficiency for infrastructure development and financial needs reassessed |
| topic | Costs Debt Markets E-Business Economic Theory and Research Em Finance and Financial Sector Development Infrastructure Infrastructure Economics Infrastructure Economics and Finance Infrastructure development Infrastructure investment Infrastructure projects Investment and Investment Climate Investments Macroeconomics and Economic Growth Private Sector Development Public Sector Economics and Finance Road Roads Sanitation Transport Transport Economics, Policy and Planning |
| topic_facet | Costs Debt Markets E-Business Economic Theory and Research Em Finance and Financial Sector Development Infrastructure Infrastructure Economics Infrastructure Economics and Finance Infrastructure development Infrastructure investment Infrastructure projects Investment and Investment Climate Investments Macroeconomics and Economic Growth Private Sector Development Public Sector Economics and Finance Road Roads Sanitation Transport Transport Economics, Policy and Planning |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4662 |
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