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<br /> Issue #6<br /> IFC’s quarterly journal on public-private partnerships<br /> In this issue<br /> seaports: From containers to concessions<br /> airlines: Saying goodbye to Swissair<br /> trade logistics: Liberian reform<br /> interview: Virgin’s Sir Richard Branson<br /> debut column from infrastructure journal:<br /> London’s Olympic-sized infrastructure woes<br /> AIR& SEA<br /> ppps<br /> IN PARTNERSHIP WITH<br /> Australia • Austria • Brazil • Canada • Catalonia (Spain) • Flanders (Belgium) • France • Ireland • Italy •<br /> Japan • Kuwait • Netherlands • Norway • Sweden • Switzerland • United Kingdom • United States • Public-Private<br /> Infrastructure Advisory Facility (PPIAF) • Global Partnership for Output-Based Aid (GPOBA) • Private Infrastructure<br /> Development Group (PIDG) • African Development Bank • Asian Development Bank • Brazilian Development Bank<br /> (BNDES) • Caribbean Development Bank • Central American Bank for Economic Integration • Eur<a title="Handshake Issue #6, Air &amp; Sea PPPs page 1" href="http://viewer.zmags.com/publication/724091ed?page=1"> Issue #6 IFC’s quarterly journal on publi</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 2" href="http://viewer.zmags.com/publication/724091ed?page=2"> IN PARTNERSHIP WITH Australia • Austria • Braz</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 3" href="http://viewer.zmags.com/publication/724091ed?page=3"> Letter from IFC Air and sea transport power the </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 4" href="http://viewer.zmags.com/publication/724091ed?page=4"> In this issue Seaports Ever-evolving seaports | 1</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 5" href="http://viewer.zmags.com/publication/724091ed?page=5"> Green air Sustainability takes off | 62 Branson o</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 6" href="http://viewer.zmags.com/publication/724091ed?page=6"> Contributors 48 Waleed A. Youssef 42 J</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 7" href="http://viewer.zmags.com/publication/724091ed?page=7"> Alexander N. Jett is the Task Team Leader of the </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 8" href="http://viewer.zmags.com/publication/724091ed?page=8"> & Of ports profits Photo © Teunvanden Dries/isto</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 9" href="http://viewer.zmags.com/publication/724091ed?page=9"> last global financial crisis and to rebound quick</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 10" href="http://viewer.zmags.com/publication/724091ed?page=10"> MONEY TALKS Up, up, and aweigh: Port & airport</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 11" href="http://viewer.zmags.com/publication/724091ed?page=11"> superstructure (dredging, breakwater, quays). Thi</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 12" href="http://viewer.zmags.com/publication/724091ed?page=12"> More than 90 percent of the world’s trade in volu</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 13" href="http://viewer.zmags.com/publication/724091ed?page=13"> One of the most spectacular developments in the i</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 14" href="http://viewer.zmags.com/publication/724091ed?page=14"> because APL’s main trading area was the Pacific O</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 15" href="http://viewer.zmags.com/publication/724091ed?page=15"> Container vessel capacity development: Maximum ca</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 16" href="http://viewer.zmags.com/publication/724091ed?page=16"> SEAPORTS anywhere Destination Photo © Ingrid </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 17" href="http://viewer.zmags.com/publication/724091ed?page=17"> DESTINATION PORTS are historical ports made more </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 18" href="http://viewer.zmags.com/publication/724091ed?page=18"> TRANSSHIPMENT PORTS result when private concessio</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 19" href="http://viewer.zmags.com/publication/724091ed?page=19"> SPECIAL ECONOMIC ZONES AND SIMILAR PORTS can anch</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 20" href="http://viewer.zmags.com/publication/724091ed?page=20"> Photo © Evan Leeson Private investment Greenf</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 21" href="http://viewer.zmags.com/publication/724091ed?page=21"> COMPASS Private Investment in Se</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 22" href="http://viewer.zmags.com/publication/724091ed?page=22"> of new projects, India with 13 percent, Nigeria w</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 23" href="http://viewer.zmags.com/publication/724091ed?page=23"> became operational in October 2010 and was financ</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 24" href="http://viewer.zmags.com/publication/724091ed?page=24"> LEGALEASE Ports: Legal and policy issues By Vic</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 25" href="http://viewer.zmags.com/publication/724091ed?page=25"> the port in a timely manner; for this to happen, </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 26" href="http://viewer.zmags.com/publication/724091ed?page=26"> Photo © APM T erminals To SHIP or TRANSSHIP A re</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 27" href="http://viewer.zmags.com/publication/724091ed?page=27"> enter small ports due to water depth or because i</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 28" href="http://viewer.zmags.com/publication/724091ed?page=28"> the use of large, modern, expensive con- tainer c</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 29" href="http://viewer.zmags.com/publication/724091ed?page=29"> Panama; Port Said, Egypt; Singapore; and Tangier,</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 30" href="http://viewer.zmags.com/publication/724091ed?page=30"> Photo © Maersk Globalization, climate change, </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 31" href="http://viewer.zmags.com/publication/724091ed?page=31"> The shipping industry has been s</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 32" href="http://viewer.zmags.com/publication/724091ed?page=32"> Making ports SUSTAINABLE Cold ironing. Plugging </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 33" href="http://viewer.zmags.com/publication/724091ed?page=33"> Curbing CO emissions: </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 34" href="http://viewer.zmags.com/publication/724091ed?page=34"> GREEN SEA Stewards of the sea Coral relocation </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 35" href="http://viewer.zmags.com/publication/724091ed?page=35"> When Dubai Ports (DP) World began planning its po</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 36" href="http://viewer.zmags.com/publication/724091ed?page=36"> Photo © Andrejs Zavadskis By Jeff Delmon, Andy R</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 37" href="http://viewer.zmags.com/publication/724091ed?page=37"> share in revenues instead of an outright sale (no</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 38" href="http://viewer.zmags.com/publication/724091ed?page=38"> their management. This may limit attention to the</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 39" href="http://viewer.zmags.com/publication/724091ed?page=39"> tion. While some perishable goods are often air s</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 40" href="http://viewer.zmags.com/publication/724091ed?page=40"> GOING FOR 38 | IFC.ORG/HANDSHAK</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 41" href="http://viewer.zmags.com/publication/724091ed?page=41"> IJ INSIGHT The U.K.’s quest for a winning lo</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 42" href="http://viewer.zmags.com/publication/724091ed?page=42"> unacceptable failure well beyond the 45-minute ta</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 43" href="http://viewer.zmags.com/publication/724091ed?page=43"> rently seeking foreign capital investment for the</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 44" href="http://viewer.zmags.com/publication/724091ed?page=44"> Contract matters: Legal considerations in airport</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 45" href="http://viewer.zmags.com/publication/724091ed?page=45"> The starting point for any project is asking: “Wh</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 46" href="http://viewer.zmags.com/publication/724091ed?page=46"> For both brownfield and greenfield airport proj- </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 47" href="http://viewer.zmags.com/publication/724091ed?page=47"> • Triggers for capacity investment and hand-ba</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 48" href="http://viewer.zmags.com/publication/724091ed?page=48"> Cr wning GLORY Queen Alia International Airport r</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 49" href="http://viewer.zmags.com/publication/724091ed?page=49"> r this project were to: port’s capacity to handle</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 50" href="http://viewer.zmags.com/publication/724091ed?page=50"> Preparing for PILGRIMS The unique challenges of r</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 51" href="http://viewer.zmags.com/publication/724091ed?page=51"> On the uniqueness of the partnership behind Medin</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 52" href="http://viewer.zmags.com/publication/724091ed?page=52"> AIRPORTS Robert Aaronson has</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 53" href="http://viewer.zmags.com/publication/724091ed?page=53"> What limits airport operations in the U.S. when c</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 54" href="http://viewer.zmags.com/publication/724091ed?page=54"> What’s the middle ground? The ideal global model </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 55" href="http://viewer.zmags.com/publication/724091ed?page=55"> important to do due diligence on the individuals </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 56" href="http://viewer.zmags.com/publication/724091ed?page=56"> DARE toFAIL & other lessons learned the hard way </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 57" href="http://viewer.zmags.com/publication/724091ed?page=57"> LESSON 1 AIRLINES WATCH THE BOTTOM LINE (SLI</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 58" href="http://viewer.zmags.com/publication/724091ed?page=58"> LESSON 3 CHEAP FLIGHTS MEAN MORE TRAVELERS Empi</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 59" href="http://viewer.zmags.com/publication/724091ed?page=59"> DON’T BE AFRAID OF FAILURE LESSO</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 60" href="http://viewer.zmags.com/publication/724091ed?page=60"> AIRLINES The airline business is among the worst</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 61" href="http://viewer.zmags.com/publication/724091ed?page=61"> Following the post-9/11 economic turndown, Swissa</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 62" href="http://viewer.zmags.com/publication/724091ed?page=62"> Photo © Mark Winterbourne African skies A look b</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 63" href="http://viewer.zmags.com/publication/724091ed?page=63"> FINDING ITS WINGS In the early days of African in</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 64" href="http://viewer.zmags.com/publication/724091ed?page=64"> 62 | IFC.ORG/HANDSHAKE </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 65" href="http://viewer.zmags.com/publication/724091ed?page=65"> The aviation industry has a dispropor- tionately </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 66" href="http://viewer.zmags.com/publication/724091ed?page=66"> CAN AIRPORTS HELP FIGHT CLIMATE CHANGE? Finding</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 67" href="http://viewer.zmags.com/publication/724091ed?page=67"> Delhi airport LEEDs Terminal 3 at Delhi’s Indira </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 68" href="http://viewer.zmags.com/publication/724091ed?page=68"> B ranson on IOFUEL Innovator outlines the future </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 69" href="http://viewer.zmags.com/publication/724091ed?page=69"> In 2008, a Virgin Atlantic jumbo jet made history</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 70" href="http://viewer.zmags.com/publication/724091ed?page=70"> The logistics of TRADE By Jordan Z. Schwartz Phot</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 71" href="http://viewer.zmags.com/publication/724091ed?page=71"> LOGISTICS In many challenging markets, there is </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 72" href="http://viewer.zmags.com/publication/724091ed?page=72"> Photo © Ayse Nazli Deliormanli </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 73" href="http://viewer.zmags.com/publication/724091ed?page=73"> WHY TRADE FINANCE? In the developed world, most g</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 74" href="http://viewer.zmags.com/publication/724091ed?page=74"> LOGISTICS Simple, accountable, and efficient </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 75" href="http://viewer.zmags.com/publication/724091ed?page=75"> Fourteen years of civil conflict has devastated L</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 76" href="http://viewer.zmags.com/publication/724091ed?page=76"> The 4C’s COMMUNICATION As with any change, clear </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 77" href="http://viewer.zmags.com/publication/724091ed?page=77"> CONSISTENCY Consistent application of laws, regul</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 78" href="http://viewer.zmags.com/publication/724091ed?page=78"> FAST FACTS CO (in grams) emitted per metric ton</a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 79" href="http://viewer.zmags.com/publication/724091ed?page=79"> “ Transport is one of the key sectors that </a> <a title="Handshake Issue #6, Air &amp; Sea PPPs page 80" href="http://viewer.zmags.com/publication/724091ed?page=80"> Subscribe: ifc.org/handshake Connect with us: </a>