Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership?
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 pub...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/07/4984430/stand-transport-infrastructure-deregulation-public-private-partnership http://hdl.handle.net/10986/14180 |
| Summary: | 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. |
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