Worldwide trends in private participation in roads: Growing activity, growing government support (PPIAF 2008)

Private participation in roads revived strongly in developing countries in 2005–06. The activity was concentrated in greenfield projects and in Asia and Latin America. The main reason for the revival has been the willingness of governments to provide support needed to attract the private sector. Nevertheless, governments need to be aware of the potential risks of such support. And because of the monopolistic features of road projects, they also need to ensure good governance so that the public reaps the full benefits of the private sector’s involvement.