PORTS AND HARBOUR ENGINNERING. PRIVATIZATION AND FINANCIAL ASPECTS OF PORTS IN DEVELOPING COUNTRIES. Process of Study. The Manila Meeting focused on laws and regulations related to private investment. (BOT, PPI, PFI, Port Privatization Law)
PRIVATIZATION AND FINANCIAL ASPECTS
OF PORTS IN DEVELOPING COUNTRIES
The Manila Meeting focused on laws and regulations related to private investment. (BOT, PPI, PFI, Port Privatization Law)
At the Brisbane Meeting, we explained the standard terms and contents in concessions and /or contracts for private investment in ports.
The Singapore Meeting was cancelled.
This time we will examine the recent situation of PSP in the development and operations of ports based on results of questionnaires and discuss how to introduce PSP to the development and management of ports.
QUAY & WHARF RECLAMATION
(PMB maintains the employment of his workers and
takes advantage of the efficiency of private companies )
2. Joint Venture
(Companies pool resources to share risks.
Management company can be a fully owned
subsidiary of PMB)
Lease holder takes operation risks.
(superstructure and cargo handling)
Concessionaire has rights to finance, build and
(including infrastructure development)
After the limited period of time, the facility and its
equipment will be transferred free of charge to the grantor
Malaysia’s Port (Privatization) Act
of 1990 (Act 422)
Build Operate Transfer LawRepublic Act No.7718
of 1994 in Philippines
Korean Act 5654 on Private Participation in Infrastructure of 1998
as a service port using personnel of PAT.
2) In Leam Chabang port, PAT prepared infrastructures
including facilities of Terminal B1-B4 and leases them to
the private sector.
3) B5 terminal was developed by the BOT method
including berth construction.
4) Privatization of PAT itself is underway
despite protests from the labor unionPrivatization Movement In Thailand
1. Enforcement of the PFI Law (Sept. 1999)
2. Effective Port Management Scheme (Dec. 2002)
PFI Project Promoter
Constructed by the public
Constructed by the public(State)
→Controlled by P.M.B committed by the State
25years （after inauguration)
Port Management by Private Sector
Port Management by Public Sector
Comprehensive Operation by Private Sector
by Private Sector
Lease from Public Sector
Utilization License from Public Sector
Utilization License (Yard: per 1 year, Wharf: per 12 hours)
Long-term (30 years) Contract (Lease/Concession)
Warehouse owned by A
Warehouse owned by B
owned by B and C
Port Administration Building
If no applicant appears?
Operator generates enough revenue?
Operator operates efficiently?
Operator helps development of economy?
Can avoid monopoly situation?
Is government regulation too strict or not transparent?
Any risk involved in the contract:- stability of social, economic and regulatory rules?
Sufficient traffic guaranteed?
COMPANYFear and Expectation