Private Participation in the Rail Sector : Recent Trends

This note focuses on rail projects with private participation, that reached financial closure in 1990-1997, surveying regional trends, types of private participation, and project size. Through database analysis, the paper reveals that operations, a...

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Main Author:	Tynan, Nicola
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ASSETS BIDDING CITIES CONCESSIONS DEBT FIXED ASSET FREIGHT FREIGHT CONCESSIONS FREIGHT CUSTOMERS FREIGHT SERVICE FREIGHT TRANSPORT INNOVATIONS LEASES MANAGEMENT CONTRACTS OPERATING EFFICIENCY OPERATING RISK PASSENGER SERVICES POLICY RESEARCH PRIVATE SECTOR PRODUCTIVITY PROFITABILITY RAIL RAIL INFRASTRUCTURE RAIL NETWORK RAIL PROJECTS RAIL SECTOR RAIL SERVICE RAIL SYSTEMS RAIL TRANSPORT RAILWAY RAILWAY COMPANY RAILWAY CONCESSIONS RAILWAY INFRASTRUCTURE RAILWAY MANAGEMENT RAILWAY NETWORKS RAILWAY OPERATION RAILWAY OPERATIONS RAILWAY PROJECTS RAILWAY SECTOR RAILWAYS REGULATORY AGENCIES ROLLING STOCK TELECOMMUNICATIONS TRACK URBANIZATION CONCESSIONS INFRASTRUCTURE CONTRACT NEGOTIATION PRIVATE SECTOR PARTICIPATION FREIGHT TRAFFIC CONTRACTING DEVELOPED COUNTRIES REFORM IMPLEMENTATION PRICING STRATEGY
Online Access:	http://documents.worldbank.org/curated/en/1999/06/439129/private-participation-rail-sector-recent-trends http://hdl.handle.net/10986/11472

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recordtype	oai_dc
spelling	okr-10986-114722021-06-14T11:03:11Z Private Participation in the Rail Sector : Recent Trends Tynan, Nicola ACCOUNTING ASSETS BIDDING CITIES CONCESSIONS DEBT FIXED ASSET FREIGHT FREIGHT CONCESSIONS FREIGHT CUSTOMERS FREIGHT SERVICE FREIGHT TRANSPORT INNOVATIONS LEASES MANAGEMENT CONTRACTS OPERATING EFFICIENCY OPERATING RISK PASSENGER SERVICES POLICY RESEARCH PRIVATE SECTOR PRODUCTIVITY PROFITABILITY RAIL RAIL INFRASTRUCTURE RAIL NETWORK RAIL PROJECTS RAIL SECTOR RAIL SERVICE RAIL SYSTEMS RAIL TRANSPORT RAILWAY RAILWAY COMPANY RAILWAY CONCESSIONS RAILWAY INFRASTRUCTURE RAILWAY MANAGEMENT RAILWAY NETWORKS RAILWAY OPERATION RAILWAY OPERATIONS RAILWAY PROJECTS RAILWAY SECTOR RAILWAYS REGULATORY AGENCIES ROLLING STOCK TELECOMMUNICATIONS TRACK URBANIZATION CONCESSIONS INFRASTRUCTURE CONTRACT NEGOTIATION RAILWAY SECTOR PRIVATE SECTOR PARTICIPATION MANAGEMENT CONTRACTS FREIGHT TRAFFIC CONTRACTING DEVELOPED COUNTRIES REFORM IMPLEMENTATION PRICING STRATEGY This note focuses on rail projects with private participation, that reached financial closure in 1990-1997, surveying regional trends, types of private participation, and project size. Through database analysis, the paper reveals that operations, and management contracts - including leases and concessions - are more common than green-field projects, or divestitures -, and, that private participation is more common for freight, than passenger services, with Latin America leading the new wave of private railway projects. It further illustrates the continued trend to private participation among the different regions, revealing the importance of establishing flexible contracts, and setting clear re-negotiations, or other adjustment mechanisms in advance. Experience from developed countries convey lessons with different models of private involvement, such as the benefits of splitting infrastructure provision from service operation, which often fostered reforms, and, may possibly offer one solution to access pricing issues, when facing vertically integrated companies, concessioned with open access requirements. 2012-08-13T15:09:51Z 2012-08-13T15:09:51Z 1999-06 http://documents.worldbank.org/curated/en/1999/06/439129/private-participation-rail-sector-recent-trends http://hdl.handle.net/10986/11472 English Viewpoint: Public Policy for the Private Sector; Note No. 186 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ASSETS BIDDING CITIES CONCESSIONS DEBT FIXED ASSET FREIGHT FREIGHT CONCESSIONS FREIGHT CUSTOMERS FREIGHT SERVICE FREIGHT TRANSPORT INNOVATIONS LEASES MANAGEMENT CONTRACTS OPERATING EFFICIENCY OPERATING RISK PASSENGER SERVICES POLICY RESEARCH PRIVATE SECTOR PRODUCTIVITY PROFITABILITY RAIL RAIL INFRASTRUCTURE RAIL NETWORK RAIL PROJECTS RAIL SECTOR RAIL SERVICE RAIL SYSTEMS RAIL TRANSPORT RAILWAY RAILWAY COMPANY RAILWAY CONCESSIONS RAILWAY INFRASTRUCTURE RAILWAY MANAGEMENT RAILWAY NETWORKS RAILWAY OPERATION RAILWAY OPERATIONS RAILWAY PROJECTS RAILWAY SECTOR RAILWAYS REGULATORY AGENCIES ROLLING STOCK TELECOMMUNICATIONS TRACK URBANIZATION CONCESSIONS INFRASTRUCTURE CONTRACT NEGOTIATION RAILWAY SECTOR PRIVATE SECTOR PARTICIPATION MANAGEMENT CONTRACTS FREIGHT TRAFFIC CONTRACTING DEVELOPED COUNTRIES REFORM IMPLEMENTATION PRICING STRATEGY
spellingShingle	ACCOUNTING ASSETS BIDDING CITIES CONCESSIONS DEBT FIXED ASSET FREIGHT FREIGHT CONCESSIONS FREIGHT CUSTOMERS FREIGHT SERVICE FREIGHT TRANSPORT INNOVATIONS LEASES MANAGEMENT CONTRACTS OPERATING EFFICIENCY OPERATING RISK PASSENGER SERVICES POLICY RESEARCH PRIVATE SECTOR PRODUCTIVITY PROFITABILITY RAIL RAIL INFRASTRUCTURE RAIL NETWORK RAIL PROJECTS RAIL SECTOR RAIL SERVICE RAIL SYSTEMS RAIL TRANSPORT RAILWAY RAILWAY COMPANY RAILWAY CONCESSIONS RAILWAY INFRASTRUCTURE RAILWAY MANAGEMENT RAILWAY NETWORKS RAILWAY OPERATION RAILWAY OPERATIONS RAILWAY PROJECTS RAILWAY SECTOR RAILWAYS REGULATORY AGENCIES ROLLING STOCK TELECOMMUNICATIONS TRACK URBANIZATION CONCESSIONS INFRASTRUCTURE CONTRACT NEGOTIATION RAILWAY SECTOR PRIVATE SECTOR PARTICIPATION MANAGEMENT CONTRACTS FREIGHT TRAFFIC CONTRACTING DEVELOPED COUNTRIES REFORM IMPLEMENTATION PRICING STRATEGY Tynan, Nicola Private Participation in the Rail Sector : Recent Trends
relation	Viewpoint: Public Policy for the Private Sector; Note No. 186
description	This note focuses on rail projects with private participation, that reached financial closure in 1990-1997, surveying regional trends, types of private participation, and project size. Through database analysis, the paper reveals that operations, and management contracts - including leases and concessions - are more common than green-field projects, or divestitures -, and, that private participation is more common for freight, than passenger services, with Latin America leading the new wave of private railway projects. It further illustrates the continued trend to private participation among the different regions, revealing the importance of establishing flexible contracts, and setting clear re-negotiations, or other adjustment mechanisms in advance. Experience from developed countries convey lessons with different models of private involvement, such as the benefits of splitting infrastructure provision from service operation, which often fostered reforms, and, may possibly offer one solution to access pricing issues, when facing vertically integrated companies, concessioned with open access requirements.
format	Publications & Research :: Viewpoint
author	Tynan, Nicola
author_facet	Tynan, Nicola
author_sort	Tynan, Nicola
title	Private Participation in the Rail Sector : Recent Trends
title_short	Private Participation in the Rail Sector : Recent Trends
title_full	Private Participation in the Rail Sector : Recent Trends
title_fullStr	Private Participation in the Rail Sector : Recent Trends
title_full_unstemmed	Private Participation in the Rail Sector : Recent Trends
title_sort	private participation in the rail sector : recent trends
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1999/06/439129/private-participation-rail-sector-recent-trends http://hdl.handle.net/10986/11472
_version_	1764416858316865536

Private Participation in the Rail Sector : Recent Trends

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