Infrastructure Concessions : To Auction or Not to Auction?
Should a conceding authority auction off or negotiate a contract for an exclusive private infrastructure deal? Advocates of negotiation often argue that a formal competition may take too much time, that the costs of preparing bids may be excessive,...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/11/441576/infrastructure-concessions-auction-or-not-auction http://hdl.handle.net/10986/11526 |
| Summary: | Should a conceding authority auction off
or negotiate a contract for an exclusive private
infrastructure deal? Advocates of negotiation often argue
that a formal competition may take too much time, that the
costs of preparing bids may be excessive, and that
innovation may be discouraged. But proponents of competitive
bidding argue that there are ways to address theses concerns
without sacrificing the bidding process. Moreover, they
argue, competition may yield a better deal for the conceding
authority and enhance the transparency of the process,
making the transaction more politically sustainable. This
Note examines the arguments. |
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