AIRTRANSPORTANNUALREPORT2012 - Archive
AIRTRANSPORTANNUALREPORT2012 - Archive
AIRTRANSPORTANNUALREPORT2012 - Archive
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OUTLOOKFISCALYEAR2013<br />
FinancingofAirTransportrelated<br />
Projects<br />
Air Transportaon has become the key infrastruc<br />
ture for global economic development. Despite un<br />
certaines and potenal challenges that may slow<br />
down growth, air transport services must connue<br />
toexpandinasafe,secure,andsustainablemanner.<br />
This entails substanal investments for rapidly<br />
emerging markets such as China or India with ex<br />
pectedpassengergrowthtoaveragebetween7and<br />
8percentannually.However,evenlessrapidlygrow<br />
ingcountriesmustinvestinmodernairportandair<br />
trac management and surveillance infrastructure.<br />
Operatorsaroundtheglobecanonlysecuresustain<br />
ableandprofitableairserviceswhenachievinghigh<br />
energy eciency through modern aircra and e<br />
cientoperaons.<br />
The WGB will focus on a few air transport invest<br />
ment projects in FY13, which include for example<br />
the preparaon and implementaon of airport fi<br />
nancing projects in Egypt, Kenya, and China. Such<br />
projects do also include smaller Bank clients states<br />
and are increasingly launched on a regional<br />
plaorm. The current regional aviaon infrastruc<br />
ture project if the Pacific Aviaon Investment Pro<br />
ject,whichplanstosupportsixPacificislandstates<br />
by financing needed infrastructure investments. In<br />
addion, the WBG will be financing modern air<br />
trac control systems that allow more direct<br />
roungs and increase safety. However,given the<br />
limitaons of public funding in many developing<br />
countries for the aviaon sector, project financing<br />
shouldbeprovidedincooperaonwiththeprivate<br />
sector, for example through publicprivate partner<br />
ships.TheWBGwillconnuetoadviseitsclientson<br />
suchmodelsinairtransportaon.<br />
The IFC is funding the private sector of the air<br />
transport industry with the same development fo<br />
cus, as long as projects meet commercial criteria.<br />
The range of expected projects include aircra fi<br />
nancing, project finance of private run airports or<br />
terminals, and air trac control enes which are<br />
not directly stateowned. Given the connued<br />
strong demand for air transport services in many<br />
emergingmarkets,newIFCairtransportprojectsare<br />
expectedinFY13.<br />
ResearchandPublicaons<br />
TheBank,asaleadingdevelopmentinstuon,will<br />
connuetomaintainhighstandardsinitsspecialized<br />
technical sectors by maintaining research, con<br />
ducnghighleveltechnicalexchanges,andfostering<br />
specificindustrycontacts.TheBankhaslauncheda<br />
newstudyontheroleandopportuniesoflowcost<br />
carriers in developing countries, which is expected<br />
tobepublishedinFY13.<br />
In addion, several economic and policy research<br />
pieces on air transport services and trade develop<br />
mentwillbecarriedoutandpublished.<br />
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