Presentation made by Fernando Mistura, Investment Division, DAF, OECD, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016

1. Project on Connectivity Infrastructure to
Enhance Productivity and GVCs
Part 1:How much private and foreign investment goes
into transport infrastructure?
Fernando Mistura
Investment Division, DAF
Annual Network Meeting of Senior Infrastructure & PPP Officials
Paris, 1 March 2016

2.  How infrastructure matters for integration into
world markets
 Evidence on the effects of different types of
infrastructure on degree of integration and
sophistication into Global Value Chains (GVCs).
 Linkage between investment-infrastructure-trade
 Role of private and foreign investment
 Trends in investment by sub-sectors
 Economic effects of private investment in
infrastructure
 Policy challenges and opportunities
 Linking infrastructure strategies to industrial and
trade strategies
 Addressing coordination problems in cross-
border infrastructure
 Leveraging financing for connectivity
infrastructure
The project
Connectivity infrastructure to enhance productivity and GVCs
• Publication on Global Connectivity
(Infrastructure, Investment, Trade)
• Inception of a database on private
investments in infrastructure?
• Focus transport: movement goods,
services, people, intangibles
Outputs
• Horizontal co-operation with
DAF/FIN, ITF and GOV
• Consultations with World Bank and
European Investment Bank
Co-operation
• G-20 WG Infrastructure and
Investment: Connectivity (2016)
• G-20 WG Trade & Investment: trade-
investment-infrastructure linkage
Relevance
Project Structure

3. Quantifying Private Investments
in Transport Infrastructure:
Evidence from Project-based Data

4. • In the first place, no clear picture of:
– How much public and private investment in transport infrastructure
exist and how they have evolved overtime? their relative importance?
– Critical to assess existing policies and be able to influence the levels and
types of transport infrastructure investments
• Available data sources provide only for an incomplete picture :
– National statistics. Lack enough disaggregation for more detailed
analysis and policy insights
– Firm-level data (capex data). Not readily available and difficult to
identify investment by business lines and geographical coverage
– Project-level statistics. More detailed but only part of investments in
infrastructure; and not readily available (mostly commercial sources)
The data challenge
Lack of consistent data on investment in infrastructure:
key constraint to analysis and effective policy-making

5. Key findings
Private investment in transport infrastructure has
amounted to almost USD 900 billion over 1995-2014
Source: Dealogic Projectware database. Notes: (¹) project data is available for 31 OECD countries and 80 non-OECD countries. Only projects
reaching financial closure are included, and the date refers to the financial close date. Refinancing deals are not included.
A. Total investment B. Investment per sector & # of deals
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
Total OECD Non-OECD
USD million
0
20
40
60
80
100
120
140
160
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
Airports Ports Railroads
Roads # of deals
USD million # of deals

6. Key findings
Attracting private investment into road infrastructure has
been particularly challenging for non-OECD countries
Source: Dealogic Projectware database. Notes: (¹) project data is available for 31 OECD countries and 80 non-OECD countries. Only projects
reaching financial closure are included, and the date refers to the financial close date. Refinancing deals are not included.
Private investment, 1995-2014, as a share of GDP 2014

7. Key findings
Projects with foreign participation totaled 60% of private
investments in OECD countries and 37% in non-OECD
Foreign sponsor participation
Source: Dealogic Projectware database. Notes: project data is available for 31 OECD countries and 80 non-OECD countries. Only projects reaching financial
closure are included, and the date refers to the financial close date. Refinancing deals are not included. Foreign sponsor participation refers to the involvement
of one or more foreign companies holding a stake in the project company carrying out the project. See also notes to Figure in slide 5.

8.  The Gap: Evidence-based policy dialogue is inhibited by dearth of
data on levels and types of investment in infrastructure sub-sectors:
 How much private investment needs to be mobilised? To what sectors?
 What types of investments and contract types, other characteristics?
 There is also an insufficient/incomplete overview for public investment.
 The Irony: The World Bank has a well established database on
private investments in infrastructure in developing countries (PPIAF).
 The Benefits: This is a public good that the OECD is well positioned to
furnish; the reliability of the data and the use of the data would be higher.
 Trends of investment flows by sectors allows informed comparisons
between countries (current figures too aggregate to say anything specific).
 Longitudinal observations allow clearer inferences on the role of
infrastructure investments in fostering economic growth/productivity
Potential outcome
A database on investments in infrastructure? An
important public good and the OECD the natural home

9. Thank you!
Feedback and comments are welcome.
Contacts:
Iza.LEJARRAGA@oecd.org
Dejan.MAKOVSEK@oecd.org
Fernando.MISTURA@oecd.org