Privatization and regulation of the seaport industry
With containerized shipping, maritime transport has changed profoundly. Among other things, it has shifted from labor-intensive to more capital-intensive activities, including larger specialized ships that require substantial investments in port infrastructure and equipment. Integrated transport chains have reduced transport costs so much that a shipper may find a distant port cheaper than a closer one. Modern ports must be competitive on times and prices for their services. Seaports must be integrated within logistical chains to serve their many functions. An efficient seaport requires infrastructure, superstructure, equipment, adequate connections to other modes of transport, a well-motivated management, and qualified employees. The public sector has been an important port organizer in the past, but private participation in port operations and infrastructure could make ports significantly more competitive. The authors provide an overview of changes in maritime activity, discuss concession contracts (a key instrument of privatization), and analyze how regulatory mechanisms affect such factors as seaport tariffs, port congestion, port safety, the quality of cargo handling, and relevant indicators of performance, finances, and factor productivity. They describe how an optimal seaport system should allocate tasks between the various institutions involved, including the port authority. The degree of a seaport's decentralization, they conclude, depends on a country size, the number of ports it has, and its legal tradition. Among several national governments in Latin America--Argentina, Brazil, Colombia, Mexico, and Venezuela--there is an evident trend toward decentralization and greater autonomy for port authorities.
|Date of creation:||30 Sep 1999|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Crampes, Claude & Estache, Antonio, 1997.
"Regulatory tradeoffs in designing concession contracts for infrastructure networks,"
Policy Research Working Paper Series
1854, The World Bank.
- Antonio Estache & C. Crampes, 1998. "Regulatory Trade-offs in Designing Concession Contracts for Infrastructure Networks," ULB Institutional Repository 2013/44014, ULB -- Universite Libre de Bruxelles.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:2181. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.