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Participacion privada en la construccion y explotacion de carreteras de peaje
[Private sector funding for the construction and operation of toll roads]


  • de Rus, Gines
  • Trujillo, Lourdes
  • Romero, Manuel


Private participation in the construction and operation of road infrastructure ia a way to deal with tight budget constraints and increasing demand for additional road capacity. Fixed term concessions has been the standard contract between the the public sector and private operators with poor results derived mainly from demand uncertainty. This paper analyzed different concession contracts in the context of the Spanish road sector.

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  • de Rus, Gines & Trujillo, Lourdes & Romero, Manuel, 2000. "Participacion privada en la construccion y explotacion de carreteras de peaje
    [Private sector funding for the construction and operation of toll roads]
    ," MPRA Paper 12204, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12204

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    References listed on IDEAS

    1. Kerf, M. & Gray, R.D. & Irwin, T. & Levesque, C. & Taylor, R.R. & Klein, M., 1998. "Concessions for Infrastructure. A Guide to their Design and Award," Papers 399, World Bank - Technical Papers.
    2. Wolfgang HÄRDLE & J. MARRON & L. YANG, 1996. "Discussion," SFB 373 Discussion Papers 1996,65, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    3. de Rus, Gines & Nombela, Gustavo, 2000. "Least Present Value of Net Revenue: a new auction-mechanism for highway concessions," MPRA Paper 12203, University Library of Munich, Germany.
    4. Antonio Estache, 1999. "Privatización y regulación de infraestructuras de transporte: Un panorama," ULB Institutional Repository 2013/44006, ULB -- Universite Libre de Bruxelles.
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    More about this item


    roads; concession contracts; auctions;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General


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