Addressing constraints to private financing of urban (climate) infrastructure in developing countries

White, Roland; Tadros, Sameh Naguib Wahba

doi:10.1080/19463138.2018.1559970

Cited by 12 publications

(9 citation statements)

References 14 publications

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“…The local governments are severely facing fiscal constraints, such as weak bond markets and heavy debt, which restrict them from funding infrastructure development [38,61] and depend on the state budget to fund such development. Thus, they need to seek alternative sources to fund infrastructure development [29,38].…”

Section: Land Value Capture Conceptmentioning

confidence: 99%

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Negashi¹

2022

AJTTE

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The dramatic increment in the need and expansion of road infrastructure requires a sustainable source of funding.The need to implement infrastructure funding by capturing the value uplift due to pubic action becomes an important issue in most developing countries and Ethiopia is not an exception. Road infrastructure has been identified as a major factor in the development of a nation and where is lacking or inadequate usually creates a memorable hardship for road users. Most previous research done was on the subject focuses on financing road infrastructure using traditional funding based on budgetary mechanism. However, the main objective of this research article focuses on the possibility to implement land value capture to finance to expand road infrastructure in the Dire Dawa City. The study applied both qualitative and quantitative approaches where primary and secondary data sources were used. Primary Data was gathered from 166 households and tenant respondents chosen using systematic random sampling techniques and simple random sampling techniques from 10 key informant interviews and 12 Focus Group Discussions that were selected purposively. Secondary data were gathered from different written and documented sources. Quantitative data were analyzed by using descriptive statistical tools like tables, bar graphs, and analytic tools by using Microsoft excel, and Strata software. The finding of this study showed that there was a higher need for sustainable fund sources to respond to an increase in road infrastructure expansion demand in the future. The positive relationship between road infrastructures and land value increment in the study area was observed and it indicates the implementation of appropriate land value capture mechanisms. The mechanisms must have devised to fit for each particular situation. Therefore, applying land value capturing is legitimate to solve the shortage of finance for future expansion of road infrastructure in Dire Dawa City.

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Section: Land Value Capture Conceptmentioning

confidence: 99%

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Negashi¹

2022

AJTTE

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“…96. See White and Wahba (2019) for a recent discussion of why green bond financing still poses very limited opportunities for climate financing in most developing countries and the factors that should be addressed if the scope for subnational borrowing (for climate purposes or otherwise) is to be significantly improved.…”

Section: Applying Basic Principles and Best Practices In Borrowing And Rules For Climate Change Policy Actionmentioning

confidence: 99%

Adapting Fiscal Decentralization Design to Combat Climate Change

Martínez-Vázquez¹

2021

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List of Figures List of Tables List of AbbreviationsAcknowledgements Contents BNPB National Disaster Management Authority (Badan Nasional Penanggulangan Bencana) C2ES Center for Climate and Energy Solutions CAR Regional Autonomous Corporation (Corporación Autónoma Regional) CBI Climate Board Initiative CCD Climate Change Directorate CCP Cities for Climate Protection CCS Carbon Capture and Sequestration/Carbon Capture and Storage CDR Regional Development Councils (Consejos de Desarrollo Regional) CDS Corporations for Sustainable Development CESA Clean Energy States Alliance CIDPs County Integrated Development Plans CO2 Carbon Dioxide COP15 15th Conference of the Parties to the United Nations Framework Convention on Climate Change in Copenhagen COVID / COVID-19 Coronavirus disease 2019 (and the associated pandemic) EBRD European Bank for Reconstruction and Development EGCA European Green Capital Award EFTs Ecological Fiscal Transfers EIs Economic Instruments EIAs Environmental Impact Assessments 01 146. SNGs also manage land-use zoning, which has consequences on climate change; for example, urban sprawl has contributed to emissions by increasing daily commute distances and reducing green spaces. 7. Note that there is no complete agreement that these conventional policies to combat climate change will be ultimately effective. An important skeptic, Sinn (2012) suggests that by regulating and reducing the demand for fossil fuels, suppliers of carbon resources will respond by trying to preempt the impact of future regulation via the acceleration of the production of fossil energy. This is what Sinn calls the "Green Paradox": pushing for the future reduction of carbon consumption leads to the acceleration of climate change in the present. The alternative policy suggested by Sinn is supply-side policies based on inducing suppliers to leave more of the carbon resources underground by levying source taxes on capital income. There are also disagreements on what conventional policies are most effective in combating climate change. For example, McKibbin and Wilcoxen (2002) are highly critical of the Kyoto Protocol of 1997 as an agreement with no real chance of reducing GHG emissions because it focuses on rigid targets and timetables for emissions reductions instead of the supposedly more efficient and practical approaches that rely on emissions taxes and tradable permits.

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“…Developing countries continue facing infrastructure deficits due to financing challenges, because there have not been sustained investments into public infrastructure, especially in proportion to the growth in urbanization (White & Wahba, 2019). Conventional sources of finance such as public sector investments and official development assistance cannot meet infrastructure financing requirements for developing countries (Tomalty, 2007).…”

Section: Literature Reviewmentioning

confidence: 99%

Financing public infrastructure in Zimbabwe: Current trends and future alternatives

Kapesa

Mugano

Fourie³

2021

Public and Municipal Finance

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Zimbabwe requires USD2 billion annually until 2032 for financing economic infrastructure. However, the Government of Zimbabwe currently affords about 20% of this financing requirement leaving an 80% gap. The aim of the study was to establish the main sources of finance for economic public infrastructure and recommend alternative financing sources to supplement the current sources. The qualitative descriptive study collected primary data through 23 interviews conducted with officials from ministries of the Government of Zimbabwe, government departments and parastatal enterprises. Secondary data was obtained from documentary analysis. The study revealed bilateral loans from the China Exim Bank as the main source of finance for economic infrastructure, contributing USD2.1 billion whilst budget appropriations from the Government of Zimbabwe contributed USD1 billion during the 10-year period under study. Infrastructure finance was also obtained from development partners (USD200 million) and commercial and multilateral lenders (USD400 million). The study recommends developing a framework that promotes and protects private sector and/or innovative financiers of infrastructure through policy stability.

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Addressing constraints to private financing of urban (climate) infrastructure in developing countries

Cited by 12 publications

References 14 publications

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

The Relation Between Road Infrastructural Development and Land Value Increments in Dire Dawa City, Ethiopia

Adapting Fiscal Decentralization Design to Combat Climate Change

Financing public infrastructure in Zimbabwe: Current trends and future alternatives

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