Infrastructure Projects: A Review of Canceled Private Projects
Author: Clive Harris, John Hodges, Michael Schur, and Padmesh Shukla Date: 1/3/2003 (PDF, 200KB)
In recent years the renegotiation and, even more, the cancellation of private infrastructure projects in developing countries have made the headlines in the world’s financial press. For a variety of reasons the renegotiation of projects is not an unusual occurrence. But as this Note explains, only 48 private infrastructure projects in developing countries were canceled in 1990–2001, a small fraction of the nearly 2,500 projects that reached financial closure over this period.