Download or read book The Buenos Aires Water Concession written by Lorena Alcázar and published by World Bank Publications. This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparent, rule-based decisionmaking is important to maintaining public trust in regulated infrastructure. The Buenos Aires water and sanitation concession led to remarkable improvements in delivery and coverage of services and to lower prices for consumers. But a poor information base, lack of transparency in regulatory decisions, and the ad hoc nature of executive branch interventions make it difficult to reassure consumers that their welfare is being protected and that the concession is sustainable.
Download or read book The Buenos Aires Water Concession written by Lorena Alcázar and published by . This book was released on 2016 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparent, rule-based decisionmaking is important to maintaining public trust in regulated infrastructure. The Buenos Aires water and sanitation concession led to remarkable improvements in delivery and coverage of services and to lower prices for consumers. But a poor information base, lack of transparency in regulatory decisions, and the ad hoc nature of executive branch interventions make it difficult to reassure consumers that their welfare is being protected and that the concession is sustainable.The signing of a concession contract for the Buenos Aires water and sanitation system in December 1992 attracted worldwide attention and caused considerable controversy in Argentina. It was one of the world's largest concessions, but the case was also interesting for other reasons. The concession was implemented rapidly, in contrast with slow implementation of privatization in Santiago, for example. And reform generated major improvements in the sector, including wider coverage, better service, more efficient company operations, and reduced waste. Moreover, the winning bid brought an immediate 26.9 percent reduction in water system tariffs.Consumers benefited from the system's expansion and from the immediate drop in real prices, which was only partly reversed by subsequent changes in tariffs and access charges. And these improvements would probably not have occurred under public administration of the system. Still, as Alcazar, Abdala, and Shirley show, information asymmetries, perverse incentives, and weak regulatory institutions could threaten the concession's sustainability. Opportunities for the company to act opportunistically - and the regulator, arbitrarily - exist because of politicized regulation, a poor information base, serious flaws in the concession contract, a lumpy and ad hoc tariff system, and a general lack of transparency in the regulatory process. Because of these circumstances, public confidence in the process has eroded. The Buenos Aires concession shows how important transparent, rule-based decisionmaking is to maintaining public trust in regulated infrastructure.This paper - a product of Regulation and Competition Policy, Development Research Group - is part of a larger effort in the group to analyze institutional issues in regulated infrastructure. The study was funded by the Bank`s Research Support Budget under the research project Institutions, Politics, and Contracts: Private Sector Participation in Urban Water Supply (RPO 681-87).
Download or read book Lessons from Argentina written by Alex Loftus and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buenos Aires Water Concession written by and published by . This book was released on 1969 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating Water Concessions written by Claude Crampes and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Argentine government privatized the water and sewerage services in greater Buenos Aires by concession. The utility was sold as a single monopoly business, but bidders had to compete for the right to provide service at the lowest price. Contractual targets for service coverage implied significant investment over the life of the contract. As things have turned out, the assets were in worse shape than expected, and a renegotiation rule has allowed a tariff hike to pay for accelerated investment. The authors argue, however, that the pricing system is still flawed, producing incentive problems for investment.
Download or read book How Far Does it Go written by José A. Delfino and published by . This book was released on 2007 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Buenos Aires Concession written by Marie-Hélène Zérah and published by . This book was released on 2001 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Sector Participation in Water Supply and Sanitation in Latin America written by Emanuel Idelovitch and published by World Bank Publications. This book was released on 1995-01-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 277. This study examines the structure and trends of energy demand in China, India, Indonesia, the Republic of Korea, and Thailand. Chapters focus on energy efficiency and conservation in the industrial, transportation, household, and electric power sectors. Quantitative analysis is used to estimate key income, price elasticities, and energy demand for the next 10 to 12 years. The report evaluates possible energy conservation efforts. The authors provide a brief description of those countries' energy reserves, energy trade and production, and energy consumption by sector. They also make frequent reference to the ways in which Japan has succeeded in improving energy conservation in the various sectors.
Download or read book Argentina s Transport Privatization and Re regulation written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argentina's policy for reform of the transport sector has been a mix of competition in the market and, through concessions, for the market. Capacity has increased, demand has grown, and prices and services have improved. Public financing has not been eliminated but it has been drastically reduced"--Cover.
Download or read book Universal Service Obligations in Utility Concession Contracts and the Needs of the Poor in Argentina s Privatizations written by Omar O. Chisari and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The structural changes that come with privatization may induce a reconsideration of the regulations defined during the early stages of privatization"--Cover.
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 Foreign and Domestic Investment in Argentina written by Alison E. Post and published by Cambridge University Press. This book was released on 2014-04-17 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that for infrastructure privatization programs, differences in firm organizational structure explain the viability of privatization contracts in weak institutional environments.
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 The Argentine Annual Including List of English Speaking Residents and Estancieros in Argentina written by and published by . This book was released on 1921 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Trade Promotion Series written by and published by . This book was released on 1926 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Railways of South America written by United States. Bureau of Foreign and Domestic Commerce and published by . This book was released on 1926 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
