Sharing the Risk

by Candace Port-Hull, Freelance Business Journalist; Washington, D.C.,

Serial Information: Worldwide Projects, 1994, Vol. 2, Issue 1, Pg. 14-19

Document Type: Feature article


In infrastructure privatization, arranging financing is as much an art as a science. At a recent conference in Washington, D.C., speakers discussed the opening of the public capital markets in 1992-93 for financing major operating infrastructure projects; currency risk; and the need for increased sponsor equity and other techniques. Officials of the World Bank and its International Finance Corp. arm explained the unbundling of a project's sovereign and corporate risks, the use of co-financing to attract capital, and the availability of insurance and export credits.

Subject Headings: Risk management | Infrastructure | Financing | Assets | Privatization | Public health and safety | Insurance

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