The Rise, the Fall, and ... the Emerging Recovery of Project Finance in Transport
| Author | : Antonio Estache |
| Publisher | : World Bank Publications |
| Total Pages | : 38 |
| Release | : 2000 |
| ISBN-10 | : |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis The Rise, the Fall, and ... the Emerging Recovery of Project Finance in Transport by : Antonio Estache
Download or read book The Rise, the Fall, and ... the Emerging Recovery of Project Finance in Transport written by Antonio Estache and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many transport projects undertaken during the boom period of the 1990s came to a crashing halt in 1997, and conditions in emerging markets worsened in 1998 and 1999. Many projects failed, victim of everything from overoptimistic forecasts to excessive debt to an inability to refinance bridge loans. As available financing dried up, many projects went bankrupt, had to be renegotiated, or were taken over by the government. What have we learned from all this?
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