Download or read book Concessions for Infrastructure written by Michel Kerf and published by World Bank Publications. This book was released on 1998-01-01 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the increased role of the private sector in developing and maintaining critical infrastructure. It identifies governments' quest to shift part of the burden of new infrastructure investments to the private sector for the economic development of firms and industry and the improvement of quality of life and, given the constraints on public budgets, to finance growing infrastructure needs. Adequate infrastructure services include power, telecommunications, transport, water supply and sanitation. The paper also emphasizes the private sector involvement in bringing increased efficiency to investment and management and operation.
Download or read book Granting and Renegotiating Infrastructure Concessions written by J. Luis Guasch and published by World Bank Publications. This book was released on 2004-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s, infrastructure concessions were hailed as the solution to Latin America's endemic infrastructure deficit, by combining private sector efficiency with rent dissipation brought about by competition. This publication examines the design and implementation of over 1,000 examples of concession contracts, in order to identify the problems that have occurred in the process. It goes on to highlight lessons to be learned for the future, in order to realise the potential benefits of infrastructure reform and to contribute to economic growth and poverty reduction.
Download or read book Road Infrastructure Concession Practice in Europe written by Franck Bousquet and published by World Bank Publications. This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe has a wealth of experience with motorway concessions and the issues associated with concession contracts and other infrastructure funding systems, toll charges and other parts to remuneration, and risk sharing between concession authorities and concession companies.
Download or read book Contract Design of Private Infrastructure Concessions written by Min-chʼeng Lin and published by . This book was released on 2000 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Informe Sobre Concesiones Para Obras de Infraestructura Y de Servicios Publicos written by Armando Arrieta Muñoz and published by . This book was released on 1999 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Renegotiation of Infrastructure Concessions written by J. Luis Guasch and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Numerous renegotiations have plagued Latin American infrastructure concession contracts in the 1990s, to the point that private sector involvement is being questioned in some countries. This issue has been analyzed in a series of papers by Guasch et al. (2003, 2006a, 2006b). After putting these contributions in the context of the theoretical and empirical literature on contract renegotiation, this note surveys the existing evidence on the determinants of these renegotiations and discusses the main policy implications regarding the necessity of efficient regulatory institutions and the adequate type of price regulation.
Download or read book Infrastructure Concessions in Latin America written by J. Luis Guasch and published by World Bank Publications. This book was released on 2005 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors complement the existing knowledge in the renegotiation literature on infrastructure concessions by analyzing government-led renegotiations. They first propose a multiple-period theoretical framework in which both Pareto-improving and rent-shifting renegotiations at the initiative of the government can occur. They then perform an empirical analysis based on a sample of 307 water and transport projects in five Latin American countries between 1989 and 2000. While some of the main insights from the previous literature are unchanged, for example concerning the importance of having a regulator in place when awarding concessions and the fragility of price cap regulatory schemes, there are also significant differences as predicted by the model, in particular with respect to the effect of investment and financing, as well as the corruption variables. The authors provide additional evidence showing that a good regulatory framework is especially important in contexts with weak governance and political opportunism. "--World Bank web site.
Download or read book Bidding for Concessions written by Michael Klein and published by World Bank Publications. This book was released on 1998 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: En la última década ha sido práctica común la privatización de empresas gestoras de infraestructura, en sectores como el del transporte, las telecomunicaciones, la energía y el agua. Muy a menudo se adjudican a empresas privadas franquicias monopolistas, mediante concesiones a largo plazo. En este trabajo se analizan aquellas cuestiones relacionadas con el diseño de estos contratos de concesión y su adjudicación a empresas privadas.
Download or read book Bidding for Concessions written by Michael Klein and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure concession contracts set out the performance obligations and rights of concessionaires and the incentives and risks under which they operate, including pricing arrangements. The clarity with which these terms can be defined determines whether there is likely to be renegotiations after contract award, which may undermine the significance of the initial auction. The design of incentives and risk allocation will affect first the intensity of competition and then the sustainability of the original contract. This Note examines these issues.
Download or read book Concessions The Way to Privatize Infrastructure Sector Monopolies written by Pierre Guislain and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Under concession arrangements, the state delegates to the private sector the right to provide a service, yet retains some control over the sector by incorporating in a concession contract or license the terms and conditions that will govern the infrastructure project or company. This approach is well suited for privatizing sectors with monopolistic characteristics. This Note outlines the concession-type approach and some of its operational implications. Designing a concession that strikes the balance among the interests of the investors, the consumers, and the public authorities and that fits the conditions of both the sector and the country requires a clear identification of the objectives and tradeoffs. Each concession is likely to be a special case requiring special attention and unique features.
Download or read book Road Infrastructure Concession Practice in Europe written by Franck Bousquet and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: September 2001 Europe has a wealth of experience with motorway concessions and the issues associated with concession contracts and other infrastructure funding systems, toll charges and other paths to remuneration, and risk sharing between concession authorities and concession companies. In a road infrastructure concession, a public authority grants specific rights to a private or semi-public company to construct, overhaul, maintain, and operate infrastructure for a given period. By contract, the public authority charges that company with making the investments needed to create the service at its own cost and to operate it at its own risk. The price paid to the company comes from the service's users, the public authority, or both. In 1999, out of roughly 51,000 kilometers of European motorways, about 17,000 kilometers (33 percent) were concessioned--16,400 kilometers by toll and 670 kilometers by shadow toll (design, build, finance, and operate arrangements). Of these, 73 percent are managed by the public sector and 27 percent by private companies. State-owned companies have been important in European motorway concessions. Systems vary among countries, for example, in how they share risks between the concession authority and the concession company. As the motorway network has grown denser, attributing commercial risk has become more difficult. Increasingly, public authorities must play a greater regulatory role. Already, bad experiences have made the private sector reluctant to bear the commercial risk. And the commercial risk is sometimes too great to be carried by the concession company alone. Commercial risk should be controlled by mechanisms incorporated in the contract, but control of the commercial risk must not eliminate incentives. In addition to safeguarding the community's interests, the public concession authority must increase citizen awareness about concession decisions, to ensure their social acceptability. Formulas for determining toll charges differ through Europe. So do criteria for selecting concession companies. In 1999, the main criteria used were these: * The amount of public subsidy required. * The credibility of the financial arrangements. * The project's technical quality. * The operating strategy and price policy. * The reputation of the concession company (whether it has a construction company among its shareholders, for example). The increasingly frequent use of private funding must be taken into account when defining the training required by personnel responsible for monitoring the concessions. This paper--a product of the Governance, Regulation, and Finance Division, World Bank Institute--is part of a larger effort in the institute to promote best practice in the regulation of privatized infrastructure. The authors may be contacted at [email protected] or [email protected].
Download or read book Broad Roads in a Thin Country written by Andrés Gómez-Lobo and published by World Bank Publications. This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Lessons learned from Chile's highly successful experience in introducing private capital into the transport infrastructure sector"--Cover.
Download or read book Franchising of Infrastructure Concessions in Chile written by Eduardo Engel and published by . This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Chilean Infrastructure Concessions Program written by Eduardo Engel and published by . This book was released on 1999 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Concession Contract Renegotiations written by Antonio Estache and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
Download or read book Resource Manual for Airport In terminal Concessions written by and published by Transportation Research Board. This book was released on 2011 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'TRB's Airport Cooperative Research Program (ACRP) Report 54: Resource Manual for Airport In-Terminal Concessions provides guidance on the development and implementation of airport concession programs. The report includes information on the airport concession process; concession goals; potential customers; developing a concession space plan and concession mix; the Airport Concessions Disadvantaged Business Enterprise (ACDBE) program; and concession procurement, contracting, and management practices"--Publisher's description.
Download or read book Infrastructure Concessions Information Flows and Regulatory Risk written by Phil Burns and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
