Private solutions for infrastructure in Lesotho [electronic resource].
Contributor(s): ebrary, Inc.
Material type:
BookSeries: Country framework report: Publisher: Washington, D.C. : [S.l.] : World Bank : Public-Private Infrastructure Advisory Facility, c2004Description: 91 p.Subject(s): Infrastructure (Economics) -- Lesotho | Public-private sector cooperation -- Lesotho | Infrastructure, Transport, and Urban Development | Private sectorGenre/Form: Electronic books.DDC classification: 363.096885 Online resources: An electronic book accessible through the World Wide Web; click to view
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IUKL Library | Subscripti | http://site.ebrary.com/lib/kliuc/Doc?id=10081815 | 1 | Available |
Infrastructure in Lesotho is relatively undeveloped with poor coverage and low-quality services common to many African countries that have low per capita incomes and government fiscal limitations that constrain infrastructure investment. This report finds that private participation in infrastructure could offer Lesotho three key advantages: (1) augmenting budget resources in cases where the private sector undertakes to finance projects or services that would not otherwise be funded, (2) improving the quality and efficiency of service delivery, and (3) accelerating investments in infrastructure. By the same token, the report makes clear that private participation in infrastructure carries significant down-side risks that, despite the best of intentions, could lead to negative fiscal impacts, lower than expected service quality, disruptions to service, or more dire consequences. Accordingly, the need to establish private participation in infrastructure implementation and post-transaction oversight capacity is deemed to be of paramount importance if the Lesotho Government is to embrace an overall strategy for private participation in infrastructure.
Electronic reproduction. Palo Alto, Calif. : ebrary, 2009. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.
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