B
Bangladesh
PPP to total infrastructure
risk allocation in, 173
Bank for International Settlements, 143
banking and financial sectors. See also
Basel III; debt financing; specific loan types
factors affecting PPP investment, 80-81
long-term savings potential of PPPs, 21
project financing, 77-107. See also bank project financing
reforms for, 77
structure of banks, 116
syndicated loans for project
financing, 109-35. See also syndicated loans for project financing
bank project financing, 9-10, 77-107
bank factors and, 80-81
bank syndicate variables and, 88
benefits of, 78
bond financing vs., 140
comparative analysis, 94
future research recommendations, 94-96
literature review on, 78-82
macroeconomic factors and, 88-89 in mature markets, 98-103t, 100-101
methodology and data for, 83-87, 84-86t, 97nn4-6
model estimation for, 87-88
model estimation results, 89-94, 89-91t, 97n9
monetary policy on, 79-80
policy implications, 93-94
project risk and, 81-82
project variables and, 88
structure of, 82
syndicated loans, 109-35. See also syndicated loans for project financing
Barro, Robert J., 18
Basel III
bond financing and, 139
capital standards of, 94, 95, 97n7, 100
determinants of PPPs and, 150-51
project finance lending requirements of, 7
benchmark model of PPP projects, 217-19
Berlin, Mitchell, 115
Besanko, David, 117
Bester, Helmut, 117
Bhattacharya, Shantanu, 52
Bhattacharyay, Biswa Nath, 54
bidding
costs of, 54
Indonesia, 296
limits on consortiums for, 230
Philippines, 293-94
project hazard rates and, 59, 60f, 62
regulatory tools for, 240
Republic of Korea, 291-92
Southeast Asia, 269
bilateral treaties, 237
Blanc-Brude, Frederic, 82
Blundell, Richard W., 147, 151n4
Bodie, Zvi, 118
bond financing
advantages of, 7-8
Asian Bond Markets Initiative, 151, 151n7
bank financing vs., 7, 78-79, 82, 97n2
determinants of PPP and, 137, 148, 150, 151n6
increase in use of, 139-40, 151n3
Project Bond Initiative of EU, 151
project bonds, 7-8, 151, 151n6
public vs. corporate, 137
Republic of Korea, 199-201, 200-201t
risk mitigation for, 179 for social infrastructure, 179
Southeast Asia, 263, 264t, 284n2
Boot, Arnoud W., 110
Borio, Claudio, 79
Bramati, Maria Caterina, 18
breach of contracts, 47, 169, 174, 175t, 179
brownfield projects
policy recommendations for, 283
risk mitigation for, 172, 172f
survival rates of, 60f, 61t, 63, 64t, 66
build-operate-transfer (BOT) infrastructure projects
Indonesia, 290
Philippines, 289
success factors for, 52
build-own-operate (BOO) infrastructure projects
Indonesia, 290
Republic of Korea, 288
build-transfer-lease (BTL)
infrastructure projects
completion of, 216-17
investment recovery, 217
Republic of Korea, 194, 195-96t, 198-200, 198t, 216, 288
build-transfer-operate (BTO)
infrastructure projects
adjusted and risk sharing, 230
completion of, 216-17
investment recovery, 217
investor composition of, 223, 224t
model for, 220-21
Republic of Korea, 194-95, 194t, 196t, 198, 198t, 216
risk-sharing schemes for, 300-302, 300-301f
unsolicited, 202
bundling effects, 19-20, 82, 222, 228, 230-31