By Anil Kapur
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Additional info for Airport Infrastructure: The Emerging Role of the Private Sector (World Bank Technical Paper)
Many countries made impressive strides in airport expansion under this earlier stage of public leadership. The management and ownership of airports has undergone two distinct shifts. The first change began in the early 1970s, when a number of countries created airport corporations under public ownership to improve efficiency and provide access to private capital markets. In the mid-1980s, a second shift occurred within the context of restructuring the role of the state. A number of countries began to turn to the private sector for financing airport investments directly and further improving efficiency.
Similar to other infrastructure sectors, airport ownership during this period traditionally was viewed as strategically important. Consequently, most of the airports in developed and developing countries became operational under public ownership. Many countries made impressive strides in airport expansion under this earlier stage of public leadership. The management and ownership of airports has undergone two distinct shifts. The first change began in the early 1970s, when a number of countries created airport corporations under public ownership to improve efficiency and provide access to private capital markets.
313) Includes bibliographical references. PrivatizationCase studies. Series. 7'36dc20 95-49151 CIP Page iii Contents Foreword v Acknowledgments vii Acronyms ix Executive Summary xi Chapter I: Introduction A. Infrastructure and Economic Development 1 B. An Agenda for the Transport Sector 4 C. The Growing Importance of Air Transport 5 D. Objectives of the Report 6 Chapter II: Airport Functions and Public Ownership Structures A. The Functional Activities of Airports 8 B. Current Airport Ownership Structures 9 C.
Airport Infrastructure: The Emerging Role of the Private Sector (World Bank Technical Paper) by Anil Kapur