Dale, A; Gonzales, C and Himangshu, P (2003) Financing of private infrastructure investments in the emerging markets of Southeast Asia. Journal of Financial Management of Property and Construction, 8(2), pp. 61-78. ISSN 1366-4387
Abstract
The infrastructure sector in Southeast Asia has developed from a traditional public domain to an open market where the private sector is given access to participate in the areas of investments and financing. The emerging markets in the region which were the most successful in attracting private investment are Malaysia, the Philippines, Indonesia and Thailand, and the sectors where most private participation occurred were energy, telecommunications, transport and water & sanitation. In this paper, the dynamics of private financing environment are analysed, and the recent trends employed by project developers and lending institutions in the financing of projects are described. The paper reports the results of a survey of companies belonging to two categories that are the major participants in private infrastructure investments, namely, Financing Institutions and Project Developers/Sponsors.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | project finance, private infrastructure financing, private sector participation, risks, Southeast Asia |
| Index terms: | private sector participation, private sector, telecommunication, sanitation, Asia, survey, financing, private investment, infrastructure investment, project finance, infrastructure sector, infrastructure financing, Thailand, dynamics, Philippines, Malaysia, Indonesia, emerging market |
| Subjects: | financial management, industry analysis, economic analysis, regions and continents, communication, environmental health, systems engineering, stakeholder participation, Geography, financial risk, data collection methods |
| Topics: | Geographical Context, Cost Management, Business Strategy, Research Practice, Stakeholder Management, Sustainability, Engineering Principles, Procurement, International Construction |
| Descriptive scope: | 3 PCE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here