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

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  • Antonio Estache
  • Ginés 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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Suggested Citation

  • 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.
  • Handle: RePEc:ulb:ulbeco:2013/44116
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    References listed on IDEAS

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    1. Louis S. Thompson & Karim-Jacques Budin, 1997. "Global Trend to Railway Concessions Delivering Positive Results," World Bank Other Operational Studies 11563, The World Bank.
    2. 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.
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    Cited by:

    1. Michael G. Pollitt & Andrew S. J. Smith, 2002. "The restructuring and privatisation of British Rail: was it really that bad?," Fiscal Studies, Institute for Fiscal Studies, vol. 23(4), pages 463-502, December.
    2. Tomás Serebrisky * & Lourdes Trujillo, 2005. "An assessment of port reform in Argentina: outcomes and challenges ahead," Maritime Policy & Management, Taylor & Francis Journals, vol. 32(3), pages 191-207, July.
    3. 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.
    4. Sohail, M. & Maunder, D.A.C. & Cavill, S., 2006. "Effective regulation for sustainable public transport in developing countries," Transport Policy, Elsevier, vol. 13(3), pages 177-190, May.
    5. Albalate, Daniel & Bel, Germà, 2009. "Regulating concessions of toll motorways: An empirical study on fixed vs. variable term contracts," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(2), pages 219-229, February.
    6. 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.
    7. Estache, Antonio & Serebrisky, Tomas, 2004. "Where do we stand on transport infrastructure deregulation and public-private partnership?," Policy Research Working Paper Series 3356, The World Bank.
    8. Nash, Chris & Niskanen, Esko, 2000. "Helsinki Workshop on Infrastructure Charging on Railways 31 July - 1 August, 2000," Discussion Papers 245, VATT Institute for Economic Research.
    9. 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.
    10. 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.
    11. Meersman, Hilde M.A., 2005. "Port Investments in an Uncertain Environment," Research in Transportation Economics, Elsevier, vol. 13(1), pages 279-298, January.
    12. 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.
    13. J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications, The World Bank, number 15024, April.
    14. 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.
    15. 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.

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