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World Bank Group: e-Learning course on Railway Financing

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eLearning course on Railway Financing is based on the publication “Railway Reform: Toolkit for Improving Rail Sector Performance”. The starting point of this e-learning course is a fundamental characteristic of railways—that railway are very capital intensive. This learning module focuses on encouraging private sector financing in the railway sector.

e-Learning course on Railway Financing
3 weeks
1–2 hours per week
Progress at your own speed
Optional upgrade available

About this course

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This Railway Financing Online Course aims to provide an easy comprehensible overview of railway financing methods and engagement with the private sector. The three modules of the course thoroughly explain the difference between funding and financing, the funding gap and how it can be addressed, financing types and financial instruments, and the role of risk and risk mitigation. These issues are explained using examples from the railway sector with links to more detailed readings on key topics.

The course should be particularly useful to railways or those supporting railways seeking to attract private sector financing to understand the policy actions needed to prepare railways for private sector financing as well as the mechanism that railways can use to attract this financing.

At a glance

  • Language: English
  • Video Transcript: English
  • Associated skills: Financial Instrument, Risk Mitigation

What you'll learn

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This e-learning course focuses on encouraging private sector financing in the railway sector.

By the end of the course users will be able to:

  • Understand the difference between funding & financing.
  • Appreciate the options for closing the funding gap in railway sector.
  • Have a basic familiarity with the types of financing (sovereign, corporate and project) and the financing instruments typically used by railways.
  • Recognize the role of risk in private sector financing & approaches to mitigate it.

Week 1: Introduction to Funding and Financing

The first module will introduce the concepts of funding and financing and how they relate to one another. It will also introduce the concept of a funding gap.

Week 2: Financial Instruments

The second module will explain the differences between sovereign, corporate and PPP financing and introduce typical financing instruments including loans, stocks, bonds and leasing.

Week 3: Risk and Risk Mitigation

The third module will discuss risk and approaches to reduce risk to make investment in railways more attractive to the private sector.

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