ABBREVIATIONS

ADSCR

Annual Debt Service Coverage Ratio

BLT

Build-Lease-Transfer

BOO

Build-Own-Operate

BOT

Build-Operate-Transfer

BROT

Build-Rehabilitate-Operate-Transfer

BTO

Build-Transfer-Operate

CAPM

Capital Assets Pricing Model

COD

Commercial Operation Date

DBFO

Design-Build-Finance-Operate

DBO

Design-Build-Operate

DCM

Design-Construction- Maintenance

ECA

Export Credit Agency

EOI

Expressions of Interest

EPC

Engineering, Procurement and Construction

ICD

Inland Container Depot

IRR

Internal Rate of Return

LOA

Letter of Acceptance

LOI

Letter of Intent

MCA

Model Concession Agreement

MIGA

Multilateral Investment Guarantee Agency (an affiliate of the World Bank)

MOU

Memorandum of Understanding

NPV

Net Present Value

O&M

Operation and Maintenance

PFI

Private Finance Initiative

PLCR

Project Life Coverage Ratio

PPI

Private Participation in Infrastructure

PPP

Public-Private Partnership

PSC

Public Sector Comparator

PSP

Private Sector Participation

PSO

Public Service Obligation

RFP

Request for Proposal

ROE

Return on Equity

SPV

Special Purpose/Project Vehicle

TOR

Terms of Reference

VAT

Value Added Tax

United Nations Economic and Social Commission for Asia and the Pacific
TCTID Division, United Nations Building,
Rajadamnern Lok Avenue
Bangkok 10200, Thailand
Tel: (66 2) 2881371 Fax: (66 2) 2806042
Email: escap-ttd@un.org

Asian Institute of Transport Development
13 Palam Marg, Vasant Vihar
New Delhi-110057 India
Tel: (91 11) 26155309
Fax: (91 11) 26156298
Email: asianinstitute.del@gmail.com