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Where do we stand on transport infrastructure deregulation and public-private partnership?

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  • Estache, Antonio
  • Serebrisky, Tomas

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.

Suggested Citation

  • 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.
    • Handle: RePEc:wbk:wbrwps:3356
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    References listed on IDEAS

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    1. Tim Coelli & Antonio Estache & Sergio Perelman & Lourdes Trujillo, 2003. "A Primer on Efficiency Measurement for Utilities and Transport Regulators," World Bank Publications - Books, The World Bank Group, number 15149, December.
    2. Tomás Serebrisky, 2003. "Market Power : Airports - Vertical Integration between Airports and Airlines," World Bank Publications - Reports 11304, The World Bank Group.
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    6. Antonio Estache & Juan Manuel Campos & Nadine Martin & Lourdes Trujillo, 2003. "Macroeconomic Effects of Private Sector Participation in Infrastructure," ULB Institutional Repository 2013/44067, ULB -- Universite Libre de Bruxelles.
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    Cited by:

    1. Musso, Enrico & Ferrari, Claudio & Benacchio, Marco, 2006. "Port Investment: Profitability, Economic Impact and Financing," Research in Transportation Economics, Elsevier, vol. 16(1), pages 171-218, January.
    2. Chris Milner & Oliver Morrissey & Evious Zgovu, 2008. "Trade Facilitation in Developing Countries," Discussion Papers 08/05, University of Nottingham, CREDIT.
    3. Jean Shaoul, 2010. "A Review of Transport Public–Private Partnerships in the UK," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 24, Edward Elgar Publishing.
    4. 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.
    5. von Hirschhausen, Christian & Beckers, Thorsten & Brenck, Andreas, 2004. "Infrastructure regulation and investment for the long-term--an introduction," Utilities Policy, Elsevier, vol. 12(4), pages 203-210, December.
    6. Elena Cigu & Daniela Tatiana Agheorghiesei & Anca Florentina Gavriluță (Vatamanu) & Elena Toader, 2018. "Transport Infrastructure Development, Public Performance and Long-Run Economic Growth: A Case Study for the Eu-28 Countries," Sustainability, MDPI, vol. 11(1), pages 1-22, December.
    7. Javier Campos, 2015. "La competencia en el ferrocarril: un análisis del nuevo marco institucional en Europa y en España," Policy Papers 2015-12, FEDEA.
    8. Jean Shaoul & Anne Stafford & Pam Stapleton, 2010. "Financial black holes," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 23(2), pages 229-255, February.
    9. 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, vol. 32(4), pages 323-348, April.
    10. 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.
    11. 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, issue 33, pages 6-28.
    12. Jaime Larumbe, 2021. "Measuring Customer Reservation Price for Maintenance, Repair and Operations of the Metro Public Transport System in Qatar," Sustainability, MDPI, vol. 13(19), pages 1-16, October.
    13. Meunier, David & Quinet, Emile, 2010. "Tips and Pitfalls in PPP design," Research in Transportation Economics, Elsevier, vol. 30(1), pages 126-138.
    14. Thuso Donald Mosabala, 2020. "Towards Explaining the Cause of PPP as a Dangerous Diversion of Meager Resources in Lesotho," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 606-611, June.
    15. Eva Jansson, 0. "Deregulation, property rights, and legal system," European Journal of Law and Economics, Springer, vol. 0, pages 1-25.

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