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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/07/4984430/stand-transport-infrastructure-deregulation-public-private-partnership http://hdl.handle.net/10986/14180 |
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okr-10986-141802021-04-23T14:03:21Z Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? Estache, Antonio Serebrisky, Tomás TRANSPORT INFRASTRUCTURE PARTNERSHIP DEVELOPING COUNTRIES EFFICIENCY FISCAL MANAGEMENT PRICE REGULATION OWNERSHIP TOLL ROADS RAIL AIRPORTS SEAPORTS TRANSITION ECONOMIES ACCOUNTING AIRPORTS ASSET SALES COST OF CAPITAL DEBT DEREGULATION DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC IMPACT ECONOMIES OF SCALE ELECTRICITY FINANCIAL MARKETS FINANCIAL STRUCTURE FINANCING SOURCES INCOME INTEREST RATES LARGE CITIES MARKET VALUE METROPOLITAN AREAS OIL OPERATING RISK POLICY RESEARCH POLLUTION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROJECT FINANCE PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS RISK AVERSION ROADS SALES OF ASSETS TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPORT TREASURY 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. 2013-06-25T18:19:07Z 2013-06-25T18:19:07Z 2004-07 http://documents.worldbank.org/curated/en/2004/07/4984430/stand-transport-infrastructure-deregulation-public-private-partnership http://hdl.handle.net/10986/14180 English en_US Policy Research working paper series;no. WPS 3356 Policy Research Working Paper;No.3356 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TRANSPORT INFRASTRUCTURE PARTNERSHIP DEVELOPING COUNTRIES EFFICIENCY FISCAL MANAGEMENT PRICE REGULATION OWNERSHIP TOLL ROADS RAIL AIRPORTS SEAPORTS TRANSITION ECONOMIES ACCOUNTING AIRPORTS ASSET SALES COST OF CAPITAL DEBT DEREGULATION DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC IMPACT ECONOMIES OF SCALE ELECTRICITY FINANCIAL MARKETS FINANCIAL STRUCTURE FINANCING SOURCES INCOME INTEREST RATES LARGE CITIES MARKET VALUE METROPOLITAN AREAS OIL OPERATING RISK POLICY RESEARCH POLLUTION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROJECT FINANCE PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS RISK AVERSION ROADS SALES OF ASSETS TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPORT TREASURY |
| spellingShingle |
TRANSPORT INFRASTRUCTURE PARTNERSHIP DEVELOPING COUNTRIES EFFICIENCY FISCAL MANAGEMENT PRICE REGULATION OWNERSHIP TOLL ROADS RAIL AIRPORTS SEAPORTS TRANSITION ECONOMIES ACCOUNTING AIRPORTS ASSET SALES COST OF CAPITAL DEBT DEREGULATION DEVELOPED COUNTRIES ECONOMIC CONDITIONS ECONOMIC IMPACT ECONOMIES OF SCALE ELECTRICITY FINANCIAL MARKETS FINANCIAL STRUCTURE FINANCING SOURCES INCOME INTEREST RATES LARGE CITIES MARKET VALUE METROPOLITAN AREAS OIL OPERATING RISK POLICY RESEARCH POLLUTION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROJECT FINANCE PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS RISK AVERSION ROADS SALES OF ASSETS TELECOMMUNICATIONS TRANSITION ECONOMIES TRANSPORT TREASURY Estache, Antonio Serebrisky, Tomás Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| relation |
Policy Research working paper series;no.
WPS 3356 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Estache, Antonio Serebrisky, Tomás |
| author_facet |
Estache, Antonio Serebrisky, Tomás |
| author_sort |
Estache, Antonio |
| title |
Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| title_short |
Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| title_full |
Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| title_fullStr |
Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| title_full_unstemmed |
Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? |
| title_sort |
where do we stand on transport infrastructure deregulation and public-private partnership? |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/07/4984430/stand-transport-infrastructure-deregulation-public-private-partnership http://hdl.handle.net/10986/14180 |
| _version_ |
1764430477876264960 |