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Where do We Stand on Transport Infrastructure Deregulation and Public-Private Partnerships?

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Author Info

  • Antonio Estache
  • Tomas Serebrisky

Abstract

The evolution of transport public-private partnerships (PPPs) in developing and developed countries since the early 1990s seems to be following a similar path: private initiatives work for a while but after a shock to the sector takes place the public sector returns as regulator, owner or financier; after a while the public sector runs into problems and eventually finds a hybrid solution to ensure the survival of the sector. This paper reviews the effectiveness of transport infrastructure deregulation from three angles: efficiency, fiscal and users'viewpoint. The paper emphasizes the difficulties and strong political commitments required to make the reforms sustainable and argues that governments willing to make corrections to the reform path are faced with the need to address recurrent and emerging issues in transport systems: tariff structure, quality (timetable, safety, environment), access rules for captive shippers, the trend toward rebundling and decrease in intrasectoral competition, multimodalism and the stimulus through yardstick competition.

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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/44096.

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Date of creation: 2004
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Handle: RePEc:ulb:ulbeco:2013/44096

Note: Conference paper presented at: Conférence Européenne des Ministres des Transports(129)
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References

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  1. Antonio Estache & J. Campos & Nadine Martin & Lourdes Trujillo, 2003. "Macroeconomic Effects of Private Sector Participation in Infrastructure," ULB Institutional Repository 2013/44067, ULB -- Universite Libre de Bruxelles.
  2. Tim Coelli & Antonio Estache & Sergio Perelman & Lourdes Trujillo, 2003. "A Primer on Efficiency Measurement for Utilities and Transport Regulators," World Bank Publications, The World Bank, number 15149, August.
  3. Friebel, Guido & Ivaldi, Marc & Vibes, Catherine, 2004. "Railway (De)Regulation: A European Efficiency Comparison," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4319, C.E.P.R. Discussion Papers.
  4. Antonio Estache & Ginés de Rus, 2000. "Privatization and Regulation of Transport Infrastructures: Guidelines for Policymakers and Regulators," ULB Institutional Repository 2013/44116, ULB -- Universite Libre de Bruxelles.
  5. Antonio Estache & Lourdes Trujillo & E. Quinet, 2002. "Dealing with Demand Forecasting Games in Transport Privatization," ULB Institutional Repository 2013/43981, ULB -- Universite Libre de Bruxelles.
  6. Lourdes Trujillo & Tomás Serebrisky, 2003. "Market Power : Ports - A Case Study of Post-Privatization Mergers," World Bank Other Operational Studies 11302, The World Bank.
  7. Winston, Clifford, 1993. "Economic Deregulation: Days of Reckoning for Microeconomists," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 31(3), pages 1263-89, September.
  8. Tomás Serebrisky, 2003. "Market Power : Airports - Vertical Integration between Airports and Airlines," World Bank Other Operational Studies 11304, The World Bank.
  9. Estache, Antonio & Gonzalez, Marianela & Trujillo, Lourdes, 2002. "What Does "Privatization" Do for Efficiency? Evidence from Argentina's and Brazil's Railways," World Development, Elsevier, Elsevier, vol. 30(11), pages 1885-1897, November.
  10. Antonio Estache & J. Campos & Lourdes Trujillo, 2003. "Processes and accounting matter for regulators: Learning from Argentina's railways privatization," ULB Institutional Repository 2013/44151, ULB -- Universite Libre de Bruxelles.
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Cited by:
  1. Meunier, David & Quinet, Emile, 2010. "Tips and Pitfalls in PPP design," Research in Transportation Economics, Elsevier, Elsevier, vol. 30(1), pages 126-138.
  2. Chris Milner & Oliver Morrissey & Evious Zgovu, . "Trade Facilitation in Developing Countries," Discussion Papers 08/05, University of Nottingham, CREDIT.
  3. Brenck, Andreas & Beckers, Thorsten & Heinrich, Maria & von Hirschhausen, Christian, 2005. "Public-private partnerships in new EU member countries of Central and Eastern Europe: An economic analysis with case studies from the highway sector," EIB Papers 10/2005, European Investment Bank, Economics Department.
  4. Alexandersson, Gunnar & Hulten, Staffan, 2006. "Competitive tenders in passenger railway services: Looking into the theory and practice of different approaches in Europe," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 33, pages 6-28.
  5. Jean Shaoul & Anne Stafford & Pam Stapleton, 2010. "Financial black holes: The disclosure and transparency of privately financed roads in the UK," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, Emerald Group Publishing, vol. 23(2), pages 229-255, February.
  6. Nuzzi, Andrea, 2010. "The performances of the national logistic systems: what strategies to reduce the Italian gap?," MPRA Paper 33374, University Library of Munich, Germany, revised 2011.
  7. Arshad Ali Javed & Patrick T.I. Lam & Albert P.C. Chan, 2014. "Change negotiation in public-private partnership projects through output specifications: an experimental approach based on game theory," Construction Management and Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 32(4), pages 323-348, April.
  8. Eva Jansson, 0. "Deregulation, property rights, and legal system," European Journal of Law and Economics, Springer, Springer, vol. 0, pages 1-25.

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