Sub-Sovereign Finance in PPP Projects and their Fiscal Impact by cometjunkie43

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									Sub-Sovereign Finance in
PPP Projects and their Fiscal
Impact



 _________________________
 Lee Travers
 Subnational Finance
 World Bank Group
 December 15, 2008
              Sovereign




Subnational               PPP Project
    Subnational                    PPP Project




Subnational       SPV or Company      PPP Project




 The World Bank       3
Finance
•Bond            Guarantee?
•Bank loan
•Equity



Security



The World Bank           4

								
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