S

Salzmann, Astrid Juliane, 55

Samii, Ramina, 52

sanitation. See water and sanitation sectors

Scharfstein, David S., 81

Scharle, Peter, 53

Schomaker, Rahel, 20

Schwartz, Jordan, 170, 185

securitization, 148

Seethepalli, Kalpana, 18

Serven, Luis, 18, 19

service fees. See user fees services sectors, 142-43, 314-15

Setboonsarng, Sununtar, 18

sewage. See water and sanitation sectors

shadow bid financial models, 168, 180, 184n1

Sharma, Chandan, 142

Shibata, Akihisa, 18

Shivdasani, Anil, 117, 125-26

short-term loans, 117, 126

Simons, Katerina, 111, 115, 125

Singapore

currency bond markets in, 263, 264t

global competitiveness index rating, 256, 257f, 272t

implementation stage of, 269, 270t

infrastructure and institution scores, 257f

infrastructure development in, 256

infrastructure ranking of, 1f

PPP to total infrastructure investment ratios in, 40t

public funds and institutions, 256

transportation sector in, 274

social infrastructure

case study on, 179

comparative review of, 314-16

for poverty reduction, 3

procurement procedures for, 217

Southeast Asia, 258, 275-76, 277f, 281f

welfare effect of PPPs and, 197

social regulations, 235

social security, 20-21, 21f

solicited projects

Indonesia, 294-95, 295f, 309, 319

Philippines, 292-93, 293t, 294f, 309, 319

project hazard rates of, 59, 62

Republic of Korea, 288, 290-91, 309, 319

unsolicited projects vs., 203

Solvency II, 94

Soomro, Mohsin, 53, 54

South Asia. See also specific countries

distribution of PPPs in Asia, 4

rate of PPP participation in, 17, 17f

Southeast Asia, 10-11, 255-85. See also specific countries

approaches to PPPs in, 269-75, 270t, 272t

ASEAN Connectivity 2025, support for, 275

case study on water sector in, 279-81

challenges for PPPs in, 255

distribution of PPPs in Asia, 4

infrastructure development in, 256-58, 257f, 259t

infrastructure gap in, 264-68

infrastructure industry in, 262-64, 263f, 264t

institutional and legal framework in, 261-62

institutionalizing PPPs in, 259-61

momentum for PPPs in, 274

policy recommendations for, 282-84

PPP spending as percentage of GDP, 258, 259t

pro-poor PPPs in, 276-79, 277f

rate of PPP participation in, 17, 17f

risk management and support in, 273

social infrastructure PPPs in, 275-76, 277f, 281f

success of PPP projects in, 260

sovereign counter indemnity, 180-82

sovereign default risks, 88, 92

sovereign guarantees. See risk mitigation and sovereign guarantees

sovereign partial risk guarantees, 174-83, 176-78f, 181-82f

sovereign risks, 5, 8, 167-71, 171t

sovereign wealth funds, 15, 21

special purpose vehicles (SPVs), 138-39, 216-17, 222 stakeholders

dispute resolution and. See dispute resolution

diversity of, 272-73

engagement strategies for, 51, 308

incentives for, 77

opportunistic behavior of, 235-36

project risk and, 53, 95, 130, 230

project success and, 308

pro-poor projects and, 278

Standard & Poor's (S&P), 122, 126, 167, 169f, 170-71, 173, 185

Standard Chartered Bank PLC, 85

Steffanoni, Alessandro, 81, 87

Stein, Jeremy C., 79, 81

strategic default, 111, 114

Straub, Stéphane, 18

subnational governments. See local governments

subsidies

construction, 300, 310

direct government, 305, 306-7

for poverty and poverty reduction, 248, 279

subsovereign borrowers, 168-69, 168t

Sufi, Amir, 110, 111, 113

Sumitomo Mitsui Financial Group Inc., 85

survival time estimation, 57-59, 59-60f, 66

syndicated loans for project financing, 10, 109-35

data description, 120

description and data sources for, 99t

description of, 109-10, 130n2

descriptive statistics for mature markets, 100t

empirical estimates, 123-29, 124t, 127-28t, 131-32

empirical model for, 120

factors affecting, 112-18

literature review on, 111-19

methodology and data for, 120-23

motivations for use, 118-19

policy implications for, 129-30

statistics of key variables, 120-23, 121t, 130nn4-8