This series provides an overview of public-private partnership stories in various infrastructure sectors, where IFC was the lead advisor. This specific case relates to the NAIA Expressway project in Philippines.
ChinaRAP is a collaboration between the International Road Assessment Programme and the Research Institute of Highway (RIOH), Ministry of Transport (MoT). Launched in 2008, seed financial support was provided through the World Bank Global Road Safety Facility by Bloomberg Philanthropies and now ten times that amount is now mobilised by the Chinese Government.
Star Ratings provide an evidence-based objective measure of crash risk to ensure that safety is built-in to designs for upgrades and new roads prior to construction.
This paper examines the impact of the STAR highway in the Philippines on public finance.