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"It was very clear to me that the holders of acreage did not have enough capital to be able to develop the assets themselves," he said.
"We will have the cash, access to funds and the capability to unlock value where the current owners have neither the capital nor technical expertise to develop the assets," Mr. Hayward said.
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Some of the funds raised could be used to pay down debt, others to develop the asset in the hope of increasing the price.
As economies continue to develop the asset base at risk will grow, while accelerating climate change will increase the likelihood of damaging extreme events, as well as accelerate habitat decline.
The results obtained from the first dimension were then used to develop the asset index according to a widely used methodology (Cortinovis et al. 1993; Filmer and Pritchett 2001; Howe et al. 2008; Booysen et al. 2008).
In developing the asset quintiles, type of house, roofing & walling material, source of water, toilet facility and land have been used [ 50, 51].
This is the big challenge for Bangladesh: how to develop the natural asset that is Cox's Bazar?
Government ultimately decides which infrastructure assets to develop, guided by these priorities, and uses rigorous Value-for-Money analyses to select the delivery approach used to finance and develop the selected infrastructure assets.
BP expects to continue to play a role in developing the underlying assets and is in continuous negotiations with both Russian companies on long-term partnerships.
With regard to industry investment, association through advertising could be seen as a potential revenue generator, useful to provide valuable support towards further developing the resource assets (e.g. validated assays, new applications).
"We couldn't develop those assets because the Congo government kept changing the rules every 5 minutes, and the government ministers were looking for kickbacks".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com