Railway Concessions : Heading Down the Right Track in Argentina
Argentina privatized many of its railway services by concession contract during the early 1990s. The reforms have been remarkable for their speed and innovation - despite the complexity of the issues and the lack of "off-the-shelf" model...
| Main Authors: | , |
|---|---|
| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1996/09/696265/railway-concessions-heading-down-right-track-argentina http://hdl.handle.net/10986/11612 |
| Summary: | Argentina privatized many of its railway
services by concession contract during the early 1990s. The
reforms have been remarkable for their speed and innovation
- despite the complexity of the issues and the lack of
"off-the-shelf" models to follow at the time. The
overall result has been positive. Many services have
improved. Traffic has grown-up about 180 million passenger
trips a year. Subsidies have been cut dramatically - down
from US$2 billion or so a year to a little more that US$100
million. But as with any complex reform, there is an
unfinished agenda. And with the Argentine approach becoming
a model for other countries in Latin America this review of
the lessons starting to emerge from the reform experience is
a timely one. |
|---|