Profitability and Financing of Urban Public Transport Microenterprises in Sub-Saharan Africa -- An Overview of the Regional Study conducted in Abidjan, Bamako, Harare, and Nairobi

This overview discusses the financial aspects of the four studies of urban transport microenterprises referred to in the Foreword. These studies covered far more than financial issues, since the objective was to understand how such enterprises operate, and to grasp all the factors which enter into play in this transport sub-sector, taking, if not a macroeconomic, then at least a meso-economic perspective.

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Privately Financed Infrastructure -- A Concession Company’s Point of View

Under a concession system the state grants a franchise the right to finance, build, own, operate, and maintain a public infrastructure for a given period, and to charge users for that service. Concessions are normally stand-alone, single-purpose entities that are expected to finance themselves eventually, if not initially, without recourse to their shareholders. They are independent corporate entities run by a dedicated staff that seeks career advancement within the concession company. Invariably, the successful concession has been created because of a compelling economic need.

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