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Europe and Central Asia


The approach of the World Bank team for Europe and Central Asia region is summarized in this presentation.

Some particular attention has been given to establishing financial indicators for railways, aviation, and road transport sub-sectors.

  • Measuring Financial Performance in Infrastructure (PDF 414 KB) (Road, Railways). June 2006.

  • Aviation Indicators. The Europe & Central Asia Aviation Indicators Webpage is also available as a downloadable PDF file (46 KB).

  • ECA Infrastructure Core Indicators Database (link to the Europe and Central Asia Website)
    Unintentional implicit subsidies (hidden costs) to public utilities can be considered an illegitimate claim on public resources. A paper has been prepared “Measuring Financial Performance in Infrastructure(PDF 414 KB) (June 2006) that examines the role and sources of hidden costs in the energy and water sectors in the Europe and Central Asia Region (ECA). It reviews available data and introduces a model—the Hidden Costs Calculator—developed through collaboration between the World Bank Group and the International Monetary Fund—that can be used to quantify the burden on governments of infrastructure policy and implementation decisions. This simple-to-apply model provides insight into three key components of hidden costs that affect infrastructure—poor bill collection rates; excessive losses due to inefficient operations or theft from the networks; tariffs set below cost-recovery rates. The major advantage of this model is that, using existing data, it can provide a single measure for hidden costs that can be easily calculated, tracked, and reported; therefore it can monitor and benchmark trends across sectors and countries without extensive or costly data collection. The model compares the difference between actual revenues and revenues that could be anticipated in a well-functioning system operating with cost-covering tariffs, bills paid, and losses normative for networks of a certain age and design. The underlying premise is that quantifying the order of magnitude of each component of hidden costs has potential for strengthening infrastructure policy dialogue and influencing decision makers who allocate scarce budgetary resources. Hidden cost calculations and the underlying supporting data are presented in this website.


Data is being assembled, mainly in road transport, for most of the countries in the region.




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