PER LJUNG, CHAIRMAN AND CEO
Mr. Ljung founded PM Global Infrastructure, Inc., as a way of providing specialized services in innovative public-private partnerships and related fields in the infrastructure sector.
Trained in civil engineering, business administration and economics,
Mr. Ljung has spent most of his professional life working with infrastructure
projects. While his breadth of experience spans all types of infrastructure,
his major focus has been on urban development, water supply and sanitation,
and power.
Mr. Ljung's extensive international experience includes a proven track
record of successful interaction with both public and private sector clients
in diverse cultural settings. He is thoroughly familiar with the complex
security arrangements and financial structures of private infrastructure
projects.
Mr. Ljung is widely regarded as one who has a unique ability to gain
the confidence of senior government officials and to convince leaders
of the benefits of innovative and forward-looking restructuring of public-private
relationships in the infrastructure sector. He is experienced in working
in close collaboration with a number of multilateral and bilateral financing
agencies.
EDUCATION
Mr. Ljung has an MS degree in Civil Engineering and a Ph.D. in Construction Economics and Organization from the Royal Institute of Technology in Stockholm. He earned an MBA at the Stockholm School of Economics. In addition, Mr. Ljung studied Urban and Regional Planning, as well as Economics, at the University of California at Berkeley.
EXPERIENCE
Mr. Ljung's experience encompasses the whole range of infrastructure
planning, management, finance, policy development, regulation and monitoring.
Although his main focus has been on South Asia, North Africa and the Middle
East, Mr. Ljung's work has also taken him to Sub-Saharan Africa, East
Asia, Europe and Latin America. He has worked in more than 22 countries
on five continents for projects ranging from feasibility studies to national
sector policy and public-private partnerships.
As CEO of PM Global, Mr. Ljung has served as team leader in the provision
of technical assistance to the U.S. Agency for International Development
(USAID) on structuring private participation in a water supply (desalination)
project in the Gaza Strip in the Middle East. The scope of this work included
project design and preparation of bid documents for international bidding
as well as analysis of organizational development for the regulatory authority.
Recently, he carried out a risk assessment analysis for a loan guarantee
program financed by the Swedish International Development Association
(SIDA) for a private port concession in Maputo. The analysis included
port traffic and revenue forecasts under different scenarios.
He prepared a comprehensive analysis of the financing of water and energy
resource projects for the World Commission on Dams. The report focuses
on the relationship between market structure, regulation and financing
of privately owned and operated projects. It is available on the World
Commission on Dams' Website.
In his distinguished career with the World Bank which spans more than
two decades, Mr. Ljung was in the forefront of the Bank's efforts to restructure
public sector agencies, reform infrastructure policies, and to encourage
private sector participation.
He initiated the World Bank's work on private participation in urban
services and orchestrated the establishment of several funds for financing
private infrastructure projects. His projects employed a range of approaches
from privatization through development of green-field projects and he
was the manager responsible for the Bank's first two partial-risk-guarantees.
One of Mr. Ljung's projects, the US$1.6 billion Hub Power Project in
Pakistan, was the first major build-own-operate facility to be constructed
in a low-income, developing country. This project was widely regarded
as a path-breaking undertaking that established a model for similar projects
in other countries.
The Uch Power Project also served as a model for financing initiatives,
and a third project in Mr. Ljung's domain, Rousch Power, was selected
by Project and Trade Finance Magazine (January 1997) as one of the "Deals
of the Year." Both the Hub and Uch power projects utilized the innovative
partial-risk-guarantee model.
Defining and articulating global sector policies and strategies were
Mr. Ljung's principal responsibilities as chief of the World Bank's central
division dealing with urban development. As Division Chief, he developed
country-specific strategies for sector restructuring and policy reform
and took the lead in conducting sector policy dialogues with government
officials.
He was also economic advisor in the unit serving the World Bank's Senior
Vice President of Operations as well as the Operations Committee. In that
capacity, he focused on the economics of country assistance strategies
and Sectoral Adjustment lending operations.
Mr. Ljung has dealt extensively with macro-economic development and international
debt issues as the World Bank's representative at the Paris Club.
Prior to the World Bank, he worked for the Master Planning Commission
of Stockholm focusing primarily on the city's long-range investment plans,
especially in the transport field.
Mr. Ljung has written numerous reports and published articles on various
development topics. He has participated in a number of World Bank task
forces (including the Poverty Task Force in 1988) and he was one of the
authors of the Bank's 1982 World Development Report.
Mr. Ljung has been a featured speaker on power and water sector reforms, limited recourse financing of infrastructure projects and privatization at international conferences and seminars in Bangladesh, Egypt, Italy, Korea, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Sweden, Tunisia, the United Kingdom and the US.
A detailed CV is available upon request from PM Global.
PM
Global Infrastructure, Inc.
1915 Eye Streeet, NW, Suite 700 • Washington, DC 20006 • USA
Phone: 202-463-6188 • Fax: 202-223-0177
pmglobal@pmglobalinfra.com
©
2001 PM Global Infrastructure, Inc. All rights reserved.
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