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IDENTIFYING INVESTMENT AND FINANCIAL INSTRUMENTS FOR RESOURCE MOBILIZATION FOR TAR NETWORK

RAILWAY STAFF COLLEGE, VADODARA, INDIA. IDENTIFYING INVESTMENT AND FINANCIAL INSTRUMENTS FOR RESOURCE MOBILIZATION FOR TAR NETWORK. GROUP 4 1. BERNADETTE E. S. MAYASHANTI (INDONESIA) 2. D. M. A. S. W. MUNASINGHE (SRI LANKA) 3. NATHAPON SUKWINYA (THAILAND) 4. NGO TRUNG KIEN (VIETNAM).

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IDENTIFYING INVESTMENT AND FINANCIAL INSTRUMENTS FOR RESOURCE MOBILIZATION FOR TAR NETWORK

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  1. RAILWAY STAFF COLLEGE, VADODARA, INDIA IDENTIFYING INVESTMENT AND FINANCIAL INSTRUMENTS FOR RESOURCE MOBILIZATION FOR TAR NETWORK GROUP 4 1. BERNADETTE E. S. MAYASHANTI (INDONESIA) 2. D. M. A. S. W. MUNASINGHE (SRI LANKA) 3. NATHAPON SUKWINYA (THAILAND) 4. NGO TRUNG KIEN (VIETNAM) PROJECT GUIDES: Dr. RAM CHANDRA RAI (Sr. Prof. Finance) Shri K. L. DIXIT (Sr. Prof. Transportation) AUGUST 2006

  2. OBJECTIVES • To identify investment requirements of TAR Network • To examine the existing pattern of funding • To suggest future sources and instruments of funding

  3. INDONESIA * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  4. INDONESIA (contd.) CURRENT PATTERN OF FUNDING • Government National Budget (via MoT) • Multilateral and Bilateral Funding (via MoT) • State Owned Enterprise’s Own Budget CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments as well as company’s budget is not sufficient ADDITIONAL SOURCES ENVISAGED • Private investment • Public Private Partnership (P3) • Public Public Partnership • Local Government Investment

  5. MALAYSIA * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  6. MALAYSIA (contd.) CURRENT PATTERN OF FUNDING • Government National Budget • State Owned Enterprise’s Own Budget CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments as well as company’s budget is not sufficient ADDITIONAL SOURCES ENVISAGED • Public Private Partnership (P3)

  7. THAILAND * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  8. THAILAND (contd.) CURRENT PATTERN OF FUNDING • Government Support • Multilateral and Bilateral Funding • Public Private Partnership CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments as well as company’s budget is not sufficient ADDITIONAL SOURCES ENVISAGED • Private Investment

  9. CAMBODIA * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  10. CAMBODIA (contd.) CURRENT PATTERN OF FUNDING • Private Banks with Government Support • Multilateral and Bilateral Funding • Public Private Partnership CONSTRAINTS • Railway act only allow private investment in railway projects by joint ventures • The state budget for the investments is not sufficient ADDITIONAL SOURCES ENVISAGED • Private Investment

  11. VIETNAM * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  12. VIETNAM (contd.) CURRENT PATTERN OF FUNDING • Government Support • Multilateral and Bilateral Funding CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments is not sufficient ADDITIONAL SOURCES ENVISAGED • Private Investment • Public Private Partnership

  13. LAO PDR * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  14. LAO PDR (contd.) CURRENT PATTERN OF FUNDING • Government National Budget (MoT) • Bilateral Funding (Thailand) CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments as well as company’s budget is not sufficient ADDITIONAL SOURCES ENVISAGED • Public Private Partnership (P3)

  15. MYANMAR * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year

  16. MYANMAR (contd.) CURRENT PATTERN OF FUNDING • Government National Budget • Multilateral and Bilateral Funding CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments is not sufficient ADDITIONAL SOURCES ENVISAGED • Private Investment • Public Private Partnership (P3)

  17. INDIA** * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year ** Except for India, Sri Lanka and Bangladesh, the computation of figures done on the basis of UNESCAP study on Trans-Asian Railway in the Indochina and ASEAN Sub Region

  18. INDIA (contd.) CURRENT PATTERN OF FUNDING • Budgetary Support: • - Remuneration Projects Fund at 7 % • - Non Remuneration Projects getting Interest Free Capital from Government • Internal Resources • Leasing Finance – Indian Railway Finance Cooperation (IRFC) for Rolling Stocks • Public - Public Partnership • Public - Private Partnership CONSTRAINTS • Indian Railway can not borrow directly from the outside ADDITIONAL SOURCES ENVISAGED • Additional Special Purpose Vehicles (Companies) • Corporatization of Non Core Activities – Indian Railway Catering and Tourism Corporation for Catering and Tourism

  19. SRILANKA** * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year ** Except for India, Sri Lanka and Bangladesh, the computation of figures done on the basis of UNESCAP study on Trans-Asian Railway in the Indochina and ASEAN Sub Region

  20. SRILANKA (contd.) CURRENT PATTERN OF FUNDING • Government National Budget • Multilateral and Bilateral Funding CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments is not sufficient ADDITIONAL SOURCES ENVISAGED • Public Public Partnership • Public Private Partnership (P3) • Property Development

  21. BANGLADESH** * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year ** Except for India, Sri Lanka and Bangladesh, the computation of figures done on the basis of UNESCAP study on Trans-Asian Railway in the Indochina and ASEAN Sub Region

  22. BANGLADESH (contd.) CURRENT PATTERN OF FUNDING • Government National Budget • Multilateral and Bilateral Funding • State Owned Enterprise’s Own Budget CONSTRAINTS • Railway act does not allow private investment in railway projects directly • The state budget for the investments as well as company’s budget is not sufficient ADDITIONAL SOURCES ENVISAGED • Private Investment • Public Private Partnership (P3)

  23. TOTAL TAR - PROJECT COST * The figures for the period 2006 - 2025 have been enhanced by 50 % taking 5 % inflation per year ** Except for India, Sri Lanka and Bangladesh, the computation of figures done on the basis of UNESCAP study on Trans-Asian Railway in the Indochina and ASEAN Sub Region

  24. RECOMMENDATIONS • Government National Budgets • Multilateral and Bilateral Funding • State Owned Enterprise’s Own Budget • Public - Public Partnership • Public - Private Partnership • Establish Specialized Financial Institution for Rail Transport in TAR Region • Establish Specialized Financial Institution for Rail Transport by Each Member Country • Taking Rolling Stocks on Lease from Private Sector

  25. RECOMMENDATIONS (Cont.) • Sources of Funding of Specialized Financial Institutions • Equity Support by Member Countries • Deep Discount Bonds from Public • Direct Borrowing from Multilateral Agencies • Borrowing from Pension Funds • Borrowing from Insurance Companies • Technical Experts/Consultants for Advising Member Countries

  26. SUKRIYA

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