Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Learning to regulate fairly, effectively, and at arm's length may be the main challenge governments face in attracting private investment and financing to the transport sector"--Cover.
Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the link between improved infrastructure services and economic growth is uncertain, it is clear that reforms aimed at creating competition and regulating natural monopolies establish an environment conducive to private sector participation, incentives for companies to strive for efficiency savings that can ultimately be passed on to consumers, and greater provision of services (such as faster roll-out of infrastructure or innovative solutions to service delivery for customers not connected to an existing network). In determining the form that infrastructure restructuring might undertake or the design of a regulatory agency, policymakers can generally benefit from a review of the experiences of other countries. A key element of any decisionmaking process should be a review of how the various types of reform will affect the efficiency of the sector and whether they will increase private financing of its significant investment needs.
Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by . This book was released on 2016 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning to regulate fair ...
Download or read book Privatization and Regulation of Transport Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 2000-01-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book Going Private written by Jose Gomez-Ibanez and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade many countries turned to private sources to provide services formerly offered by public agencies. Europeans, particularly the British and the French, were leaders in this movement. Developing countries also experimented extensively with privatization in the 1980s, with varying degrees of success. Because governments around the world are heavily involved in transportation, it is a natural focus of privatization experiments and in many ways has been at the cutting edge. Going Private examines the diverse privatization experiences of transportation services and facilities. Cases are drawn from the United States, Asia, Europe, and Latin America. Since almost every country has experimented to some degree with highway and bus privatization, the authors focus particularly on these services, although they also discuss urban rail transit and airports. Highways and buses, they explain, encompass all three of the most common and basic forms of privatization: the sale of an existing state-owned enterprise; use of private, rather than public, financing and management for new infrastructure development; and contracting out to private vendors public services previously provided by government employees. After thoroughly examining these services and discussing the motives for, and objections to, privatization, the authors look at the prospects for privatization in other sectors and industries. They assess those circumstances in which privatization is most likely to succeed and those in which it is most likely to fail, for political as well as economic reasons. The authors conclude that privatization involves many political and social as well as economic dimensions. Privatization is usually not simply a matter of efficiency improvements or capital augmentation but also involves such deeply imbedded societal concerns as equity, income transfers, environmental problems, and attitudes toward taxation and the role of government.
Download or read book Liberalization and Privatization of Transport in Third World and Eastern European Countries written by and published by . This book was released on 1991 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book The Rise the Fall and the Emerging Recovery of Project Finance in Transport written by Antonio Estache and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many transport projects undertaken during the boom period of the 1990s came to a crashing halt in 1997, and conditions in emerging markets worsened in 1998 and 1999. Many projects failed, victim of everything from overoptimistic forecasts to excessive debt to an inability to refinance bridge loans. As available financing dried up, many projects went bankrupt, had to be renegotiated, or were taken over by the government. What have we learned from all this?
Download or read book Logistic Services An Overview of the Global Market and Potential Effects of Removing Trade Impediments Inv 332 463 written by and published by DIANE Publishing. This book was released on with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecasting the Demand for Privatized Transport written by Lourdes Trujillo and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with demand forecasting, the reasons that demand forecasting matters, and how to think about demand forecasting in the context of regulation. Forecasting has long been a challenge and will remain so for the foreseeable future. But the analytical instruments and data processing capabilities available through the latest technology and software should allow much better forecasting than transport ministries or regulatory agencies typically observe. Privatization brings new needs for demand forecasting. More attention is paid to risk under privatization than when investments are publicly financed. And regulators must be able to judge traffic studies done by operators and to learn what strategic behavior influenced these studies. Many governments and regulators avoid good demand modeling out of lack of conviction that theory and models can do better than the "old hands" of the sector. This is dangerous when privatization changes the nature of business. For projects amounting to investments of $100-200 million, a cost of $100,000-200,000 is not a reason to reject a reasonable modeling effort. And some private forecasting firms are willing to sell guarantees or insurance with their forecasts to cover significant gaps between forecasts and reality. This paper - a product of the Governance, Regulation, and Finance Division, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Download or read book World Development Report 1994 written by and published by World Bank Publications. This book was released on 1994 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.
Download or read book Forecasting the Demand for Privatized Transport written by Lourdes Trujillo and published by World Bank Publications. This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with demand forecasting, the reasons that demand forecasting matters, and how to think about demand forecasting in the context of regulation.
Download or read book Economic Regulation of Urban and Regional Airports written by Peter Forsyth and published by Springer Nature. This book was released on 2023-05-02 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers new insights into the theory and practice of economic airport regulation. In light of recent developments in aviation markets and policy, and the debate on airport regulation and benchmarking, it offers case studies on various aspects of economic regulation of city and regional airports. Written by experts in the field, the volume features contributions on the theory of regulation and benchmarking, as well as case studies on recent experiences in Europe and Latin America. This book is divided into three parts: Part I provides the theoretical background for the study of airport regulation and regulatory systems. Competition at airports is discussed, as are common forms of regulation and potential pitfalls. Part II addresses benchmarking, as benchmarking is often applied as an input to the regulatory process. Although benchmarking is necessary, reviews of how benchmarking is applied in the literature and in practice show that improvements can be made. Part III provides case studies on real-world examples. Addressing the question of whether and how European airport regulators set incentives for efficiency, and how benchmarking is used in the regulatory process, this book is an important contribution to the development of the transport industry in Europe and Latin America. It will appeal to scholars and students in transport economics, regional economics and related fields, as well as to practitioners and policy makers in the transport industry.
Download or read book Privatization and Deregulation of Transport written by Bill Bradshaw and published by Palgrave Macmillan. This book was released on 2000 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: 02 This book is based on a seminar held at Oxford University in September 1997. It took place following the election of the first Labour government for 17 years and following the announcement of the consultation process leading up the publication of a Transport White Paper. The seminar sought to address the somewhat contradictory situation of a government of the left inheriting a transport industry largely privatized and deregulated, but unwilling to commit itself either to the expense of re-nationalization or to finding the large sums of money needed for investment in public infrastructure and facilities. The debate reflects views on the legacy of the previous administration and on the challenges facing the new government. The chapters contain a mix of expert academic, regulatory body and industry viewpoints on bus, freight, airline and train industries. Most, but not all, start from an economic regulation perspective. This book is based on a seminar held at Oxford University in September 1997. It took place following the election of the first Labour government for 17 years and following the announcement of the consultation process leading up the publication of a Transport White Paper. The seminar sought to address the somewhat contradictory situation of a government of the left inheriting a transport industry largely privatized and deregulated, but unwilling to commit itself either to the expense of re-nationalization or to finding the large sums of money needed for investment in public infrastructure and facilities. The debate reflects views on the legacy of the previous administration and on the challenges facing the new government. The chapters contain a mix of expert academic, regulatory body and industry viewpoints on bus, freight, airline and train industries. Most, but not all, start from an economic regulation perspective.
Download or read book Physical Infrastructure Development written by W. Ascher and published by Springer. This book was released on 2010-05-24 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the key challenges of balancing economic growth, poverty alleviation, and environmental protection in the development of major physical infrastructure, ranging from transport to energy.
Download or read book The Economics of Urban Transportation written by Kenneth A. Small and published by Routledge. This book was released on 2007-10-18 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely new edition of Kenneth A. Small’s seminal textbook Urban Transportation Economics, co-authored with Erik T. Verhoef, has been fully updated, covering new areas such as parking policies, reliability of travel times, and the privatization of transportation services, as well as updated treatments of congestion modelling, environmental costs, and transit subsidies. Rigorous in approach and making use of real-world data and econometric techniques, it contains case studies from a range of countries including congestion charging in Norway, Singapore and the UK, light rail in the Netherlands and freeway tolls in the US. Small and Verhoef cover all basic topics needed for any application of economics to transportation: forecasting the demand for transportation services under alternative policies measuring all the costs including those incurred by users setting prices under practical constraints choosing and evaluating investments in basic facilities designing ways in which the private and public sectors interact to provide services. This book will be of great interest to students with basic calculus and some knowledge of economic theory who are engaged with transportation economics, planning and, or engineering, travel demand analysis, and many related fields. It will also be essential reading for researchers in any aspect of urban transportation.
