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Privatization and Regulation of Transport Infrastructure : Guidelines for Policymakers and Regulators

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Author Info

  • Antonio Estache
  • Gines De Rus

Abstract

The 1990s saw a dramatic increase in the liberalization of transport policies and a strengthening of the role played by private operators and investors in transport infrastructure. Most of these reforming countries are creating new regulatory agencies. This book aims is to contribute to the development of these regulatory skills. The book has two parts. Chapter 2 in the first part provides an overview of why economic regulation is important. It provides theoretical support to the sector-specific chapters that constitute the second part of the book. The second part covers four subsectors: airports, ports, railways, and roads. Each chapter follows exactly the same structure. The first section provides snapshot of the key economic characteristics of the sector and discusses their relevance from the viewpoint of a regulator. The second section summarizes the main privatization and regulation trends that have been observed in the sector. It gives an overview of main options offered by international experience and covers a few case studies that illustrate those options. The third section covers price regulation and highlights the price-related issues that characterize the sector. The fourth section does the same for quality regulation. The fifth section discusses the main performance indicators that the sector's regulators should be able to rely on to be effective in their jobs.

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File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/15199/multi_page.pdf?sequence=1
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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 15199 and published in 2000-06.

ISBN: 0-8213-4721-7
Handle: RePEc:wbk:wbpubs:15199

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Postal: 1818 H Street, N.W., Washington, DC 20433
Phone: (202) 477-1234
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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Banks and Banking Reform Environmental Economics and Policies Health Economics and Finance Urban Development - Municipal Financial Management Public Sector Economics and Finance Health; Nutrition and Population;

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References

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  1. Trujillo, Lourdes & Quinet, Emile & Estache, Antonio, 2000. "Forecasting the demand for privatized transport - What economic regulators should know, and why," Policy Research Working Paper Series 2446, The World Bank.
  2. Louis S. Thompson & Karim-Jacques Budin, 1997. "Global Trend to Railway Concessions Delivering Positive Results," World Bank Other Operational Studies 11563, The World Bank.
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Citations

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Cited by:
  1. Daniel Albalate & Germa Bel, 2007. "Regulating Concessions of Toll Motorways, An Empirical Study on Fixed vs. Variable Term Contracts," IREA Working Papers 200706, University of Barcelona, Research Institute of Applied Economics, revised Mar 2007.
  2. Ahmadzadeh Mashinchi, Sina, 2010. "The impact of the global economic crisis on non-oil operations of ports in Iran," MPRA Paper 38100, University Library of Munich, Germany.
  3. Pollitt, M. & Smith, A.S.J., 2001. "The Restructuring and Privatisation of British Rail: Was it really that bad?," Cambridge Working Papers in Economics 0118, Faculty of Economics, University of Cambridge.
  4. Daniel Albalate & Germa Bel, 2008. "Motorways, tolls and road safety.Evidence from European Panel Data," IREA Working Papers 200802, University of Barcelona, Research Institute of Applied Economics, revised Feb 2008.
  5. Antonio Estache & Tomas Serebrisky, 2004. "Where do We Stand on Transport Infrastructure Deregulation and Public-Private Partnerships?," ULB Institutional Repository 2013/44096, ULB -- Universite Libre de Bruxelles.
  6. Jorge Montesinos & Eduardo Saavedra, 2012. "Algunos Alcances en torno a la Institucionalidad y Renegociación de Concesiones en la Infraestructura de Transporte de Uso Público en Perú," ILADES-Georgetown University Working Papers inv277, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  7. J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications, The World Bank, number 15024, October.
  8. Serebrisky, Tomas, 2003. "The role of advocacy in competition policy : the case of the Argentine gasoline market," Policy Research Working Paper Series 3130, The World Bank.
  9. Cheon, SangHyun, 2007. "World Port Institutions and Productivity: Roles of Ownership, Corporate Structure, and Inter-port Competition," University of California Transportation Center, Working Papers qt7t64h5wr, University of California Transportation Center.
  10. Javier Campos, 2002. "Competition issues in network industries: the Latin American railways experience," Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 5(1), May.
  11. Rivasplata, Charles Richard, 2006. "An Analysis of the Impacts of British Transport Reforms on Transit Integration in the Metropolitan Areas," University of California Transportation Center, Working Papers qt4r88443j, University of California Transportation Center.
  12. Chris Nash & Esko Niskanen, 2000. "Helsinki Workshop on Infrastructure Charging on Railways 31 July - 1 August, 2000," Discussion Papers 245, Government Institute for Economic Research Finland (VATT).

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