Airport Infrastructure: The Emerging Role of the Private by Anil Kapur

By Anil Kapur

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Extra resources for Airport Infrastructure: The Emerging Role of the Private Sector (World Bank Technical Paper)

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Currently, only a limited number of airport facilities are being developed to meet the increase in air traffic demand mostly in East Asia (Singapore, Japan, Hong Kong, Malaysia, and Thailand). Existing airports in North and South America and Europe are being reconstructed and/or modernized. However, few primary airports are being constructed in Africa, Latin America, the Middle East, and South Asia, where existing infrastructure is among the oldest in use. Regulatory Framework x. In most countries, the market for transport services has evolved into an area of public jurisdiction going well beyond health and safety regulations.

Xi. , Austria, Canada, Jamaica, and the United States). Less common are commercial airports regulated and administered by the military (Angola and Argentina). A few countries have created semi-autonomous airport authorities, which is a growing trend. They are publicly owned and generally self-sustaining, with access to private debt capital. xii. The current institutional framework for airport regulation includes the ICAO, bilateral agreements, national aviation authorities, and local government airport authorities.

15 Traditionally, the World Bank has viewed airports as extensions of the tourism sector. The Bank's involvement in the aviation sector generally has been limited to financing or expanding airport runways owned by the public sector as well as airport maintenance through Development Finance Credit (DFC) loans. 1). Air transport infrastructure (airports) is critical to serving the growing demands of international trade and development. Airports should be integrated with other modalities of transportseaports, trains, rail, and highwaysand serve as key links in the globalization of world business.

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