Issue paper : financing railway rolling stock: a new solution for Africa
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2019-02Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa;Metadata
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The present issue paper provides an exploration of a new global treaty for the recognition and prioritization of security interests held by creditors in railway rolling stock and includes responses to the following questions: the protocol to the convention on international Interests in mobile equipment on matters specific to aircraft equipment be extended to apply to railways and to railway rolling stock ; the economic benefits of the Luxembourg Protocol ; the creditors who finance rolling stock through leases, secured credits and conditional sale contracts be protected. Arising from the questions and covered more broadly in the present paper are the following key messages: Railway infrastructure is an expensive economic venture and government resources are severely limited, with a number of African states already at the top of their sustainable debt levels. Unless there is investment-rated credit support from the state, private sector finders of railway equipment will require security to ensure that credit provided through loans or leases will be repaid and that their property rights will be respected even when their collateral moves across borders in order for the assets to be repossessed by the creditor on non-payment or insolvency of the debtor.
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“United Nations. Economic Commission for Africa (2019-02). Issue paper : financing railway rolling stock: a new solution for Africa. UN. ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development Meeting(38th :2019, Mar. 20 - 22 :Marrakech, Morocco). Addis Ababa. © UN.ECA. https://hdl.handle.net/10855/41740”Conference
UN. ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development Meeting(38th :2019, Mar. 20 - 22 :Marrakech, Morocco)Collections
- Infrastructure Development [1810]
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