Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago
The government of Trinidad and Tobago has adopted a two-phased approach to privatizing its water services. In the first phase, a preconcession, or enhanced management contract, was recently awarded through a competitive bidding process. After thr...
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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/1997/01/695041/testing-waters-phased-approach-water-concession-trinidad-tobago http://hdl.handle.net/10986/11598 |
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okr-10986-115982021-04-23T14:02:56Z Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago Nankani, Helen CASH FLOWS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCESS CONCESSION CONTRACTS COST RECOVERY DEBT INSURANCE INTEREST RATES LABOR COSTS PERMITS PRIVATE OPERATOR PRIVATE PARTICIPATION PRIVATE SECTOR PUBLIC WATER PUBLIC WATER UTILITY REGULATORY CAPACITY REGULATORY REGIME SEWERAGE AUTHORITY SEWERAGE SERVICES SEWERAGE SYSTEM TARIFF INCREASE TARIFF SETTING TARIFF STRUCTURE TOWN TRANSPARENCY WATER COMPANY WATER CONSUMPTION WATER REGULATION WATER RESOURCES WATER SECTOR WATER SERVICE WATER SERVICES WATERS DENATIONALIZATION WATER CONCESSIONS INFORMATION REGULATIONS MANAGEMENT CONTRACTS PROCUREMENT PHASING PRECONCESSION WATER TARIFFS REGULATORY STRUCTURE The government of Trinidad and Tobago has adopted a two-phased approach to privatizing its water services. In the first phase, a preconcession, or enhanced management contract, was recently awarded through a competitive bidding process. After three to five years, in the second phase, this management contract will be converted to a long-term concession for which the incumbent will have first rights of negotiation. With the management contract now in place for less than a year, it is too early to draw firm lessons. But the two-phase strategy looks like a good choice for a small country with poor sector information and limited regulatory capacity. The preconcession agreement gives the government time to gather information for better risk allocation in the future, develop a long-term tariff regime, and establish a relationship of trust with a private operator--while it also improves service using private sector management. This Note discusses the strengths and weaknesses of the strategy. 2012-08-13T15:29:56Z 2012-08-13T15:29:56Z 1997-01 http://documents.worldbank.org/curated/en/1997/01/695041/testing-waters-phased-approach-water-concession-trinidad-tobago http://hdl.handle.net/10986/11598 English Viewpoint: Public Policy for the Private Sector; Note No. 103 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Latin America & Caribbean Trinidad and Tobago |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CASH FLOWS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCESS CONCESSION CONTRACTS COST RECOVERY DEBT INSURANCE INTEREST RATES LABOR COSTS PERMITS PRIVATE OPERATOR PRIVATE PARTICIPATION PRIVATE SECTOR PUBLIC WATER PUBLIC WATER UTILITY REGULATORY CAPACITY REGULATORY REGIME SEWERAGE AUTHORITY SEWERAGE SERVICES SEWERAGE SYSTEM TARIFF INCREASE TARIFF SETTING TARIFF STRUCTURE TOWN TRANSPARENCY WATER COMPANY WATER CONSUMPTION WATER REGULATION WATER RESOURCES WATER SECTOR WATER SERVICE WATER SERVICES WATERS DENATIONALIZATION WATER CONCESSIONS INFORMATION REGULATIONS MANAGEMENT CONTRACTS PROCUREMENT PHASING PRECONCESSION WATER TARIFFS REGULATORY STRUCTURE |
| spellingShingle |
CASH FLOWS COMPETITIVE BIDDING COMPETITIVE BIDDING PROCESS CONCESSION CONTRACTS COST RECOVERY DEBT INSURANCE INTEREST RATES LABOR COSTS PERMITS PRIVATE OPERATOR PRIVATE PARTICIPATION PRIVATE SECTOR PUBLIC WATER PUBLIC WATER UTILITY REGULATORY CAPACITY REGULATORY REGIME SEWERAGE AUTHORITY SEWERAGE SERVICES SEWERAGE SYSTEM TARIFF INCREASE TARIFF SETTING TARIFF STRUCTURE TOWN TRANSPARENCY WATER COMPANY WATER CONSUMPTION WATER REGULATION WATER RESOURCES WATER SECTOR WATER SERVICE WATER SERVICES WATERS DENATIONALIZATION WATER CONCESSIONS INFORMATION REGULATIONS MANAGEMENT CONTRACTS PROCUREMENT PHASING PRECONCESSION WATER TARIFFS REGULATORY STRUCTURE Nankani, Helen Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| geographic_facet |
Latin America & Caribbean Trinidad and Tobago |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 103 |
| description |
The government of Trinidad and Tobago
has adopted a two-phased approach to privatizing its water
services. In the first phase, a preconcession, or enhanced
management contract, was recently awarded through a
competitive bidding process. After three to five years, in
the second phase, this management contract will be converted
to a long-term concession for which the incumbent will have
first rights of negotiation. With the management contract
now in place for less than a year, it is too early to draw
firm lessons. But the two-phase strategy looks like a good
choice for a small country with poor sector information and
limited regulatory capacity. The preconcession agreement
gives the government time to gather information for better
risk allocation in the future, develop a long-term tariff
regime, and establish a relationship of trust with a private
operator--while it also improves service using private
sector management. This Note discusses the strengths and
weaknesses of the strategy. |
| format |
Publications & Research :: Viewpoint |
| author |
Nankani, Helen |
| author_facet |
Nankani, Helen |
| author_sort |
Nankani, Helen |
| title |
Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| title_short |
Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| title_full |
Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| title_fullStr |
Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| title_full_unstemmed |
Testing the Waters : A Phased Approach to a Water Concession in Trinidad and Tobago |
| title_sort |
testing the waters : a phased approach to a water concession in trinidad and tobago |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1997/01/695041/testing-waters-phased-approach-water-concession-trinidad-tobago http://hdl.handle.net/10986/11598 |
| _version_ |
1764417313106296832 |