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Assessment of the Cancelled and Distressed Concession Projects in the Water Supply and Sanitation Sector on a Global Basis

Author

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  • Todor Raychev

    (University of Economics - Varna)

Abstract

This article makes assessment of the cancelled and distressed concession projects in the Water Supply and Sanitation Sector by studying their structure by certain regions in the world within the period from 1991 to 2016. It also studies their scope and level of differentiation as a mirror of the specifics and of the public sector initiative for the failure among the concession projects in the Water Supply and Sanitation Sector. The results show that the number of cancelled project as compared to the number of those distressed is allocated approximately at the ratio of 3,7 to 1. Based on the foregoing the author draws the conclusion that the unsuccessful concession projects in the Water Supply and Sanitation Sector within the covered period is resultant from the initiative shown by the private sector that is at least more than 3,7 times greater. This result is contrary to the generally held opinion that the public sector is the one initiating the cancellation of a given concession contract due to the unfairness shown by the entity holding the concession.

Suggested Citation

  • Todor Raychev, 2018. "Assessment of the Cancelled and Distressed Concession Projects in the Water Supply and Sanitation Sector on a Global Basis," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 7(3), pages 184-195, December.
    • Handle: RePEc:vra:journl:v:7:y:2018:i:3:p:184-195
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    File URL: http://www.su-varna.org/izdanij/2018/EconomicSciencesSeries_2018_3/184-195.pdf
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    More about this item

    Keywords

    concession; water sector; cancelled projects; distressed projects; region;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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