Granting and Renegotiating Infrastructure Concessions : Doing it Right
In most developing and industrial countries, infrastructure services have traditionally been provided by government enterprises, but in developing countries at least, these enterprises have often proven to be inefficient, unable to provide much-nee...
| Main Author: | |
|---|---|
| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/04/3357204/granting-renegotiating-infrastructure-concessions-doing-right http://hdl.handle.net/10986/15024 |
| id |
okr-10986-15024 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-150242021-04-23T14:03:12Z Granting and Renegotiating Infrastructure Concessions : Doing it Right Guasch, J. Luis CONCESSION INFRASTRUCTURE ECONOMIC GROWTH PRIVATE SECTOR MANAGEMENT PRIVATE PARTICIPATION REGULATORY FRAMEWORK FINANCING BIDDING RENEGOTIATION GOVERNANCE MACROECONOMIC SHOCKS RATE OF RETURN REGULATIONS INVESTMENT REGULATORY FRAMEWORK COST OF CAPITAL ECONOMIC GROWTH WATER SANITATION ROADS TELECOMMUNICATION ACCOUNTING AIRPORTS ASSETS COMMITMENTS CONCEPTUAL FRAMEWORK CONCESSION CONCESSION AWARD CONCESSIONS COST OF CAPITAL ECONOMIC GROWTH ELECTRICITY EMPIRICAL ANALYSIS EQUILIBRIUM INSURANCE INVENTORIES INVENTORY LICENSES OPERATING EFFICIENCY POLICY DECISIONS PORTS POTENTIAL INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC FUNDS PUBLIC UTILITIES REGULATORY FRAMEWORK ROADS TELECOMMUNICATIONS TRANSPORT WATER SUPPLY In most developing and industrial countries, infrastructure services have traditionally been provided by government enterprises, but in developing countries at least, these enterprises have often proven to be inefficient, unable to provide much-needed investments, and manipulated to achieve political objectives. By contrast, many studies have shown that over the past 30 years, private (or privatized) enterprises in developing countries have, on average, delivered superior performance and needed investments. Explanations differ on why this discrepancy exists. Private enterprises are driven by a desire for profits and may have more professional know-how in management, operating procedures, and use of appropriate technology. But perhaps the most important reason for their stronger performance is that privatization makes intervening in enterprise operations difficult for governments and politicians, so government manipulation is less likely. However, the issue, in general, has been how to ensure that the improved performance and efficiency gains are passed through to the users through lower tariffs and increased coverage, while allowing firms to earn a fair rate of return on their investments. 2013-08-12T19:58:26Z 2013-08-12T19:58:26Z 2004-01 http://documents.worldbank.org/curated/en/2004/04/3357204/granting-renegotiating-infrastructure-concessions-doing-right 0-8213-5792-1 http://hdl.handle.net/10986/15024 English en_US WBI Development Studies; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
| 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 |
CONCESSION INFRASTRUCTURE ECONOMIC GROWTH PRIVATE SECTOR MANAGEMENT PRIVATE PARTICIPATION REGULATORY FRAMEWORK FINANCING BIDDING RENEGOTIATION GOVERNANCE MACROECONOMIC SHOCKS RATE OF RETURN REGULATIONS INVESTMENT REGULATORY FRAMEWORK COST OF CAPITAL ECONOMIC GROWTH WATER SANITATION ROADS TELECOMMUNICATION ACCOUNTING AIRPORTS ASSETS COMMITMENTS CONCEPTUAL FRAMEWORK CONCESSION CONCESSION AWARD CONCESSIONS COST OF CAPITAL ECONOMIC GROWTH ELECTRICITY EMPIRICAL ANALYSIS EQUILIBRIUM INSURANCE INVENTORIES INVENTORY LICENSES OPERATING EFFICIENCY POLICY DECISIONS PORTS POTENTIAL INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC FUNDS PUBLIC UTILITIES REGULATORY FRAMEWORK ROADS TELECOMMUNICATIONS TRANSPORT WATER SUPPLY |
| spellingShingle |
CONCESSION INFRASTRUCTURE ECONOMIC GROWTH PRIVATE SECTOR MANAGEMENT PRIVATE PARTICIPATION REGULATORY FRAMEWORK FINANCING BIDDING RENEGOTIATION GOVERNANCE MACROECONOMIC SHOCKS RATE OF RETURN REGULATIONS INVESTMENT REGULATORY FRAMEWORK COST OF CAPITAL ECONOMIC GROWTH WATER SANITATION ROADS TELECOMMUNICATION ACCOUNTING AIRPORTS ASSETS COMMITMENTS CONCEPTUAL FRAMEWORK CONCESSION CONCESSION AWARD CONCESSIONS COST OF CAPITAL ECONOMIC GROWTH ELECTRICITY EMPIRICAL ANALYSIS EQUILIBRIUM INSURANCE INVENTORIES INVENTORY LICENSES OPERATING EFFICIENCY POLICY DECISIONS PORTS POTENTIAL INVESTORS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC FUNDS PUBLIC UTILITIES REGULATORY FRAMEWORK ROADS TELECOMMUNICATIONS TRANSPORT WATER SUPPLY Guasch, J. Luis Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| relation |
WBI Development Studies; |
| description |
In most developing and industrial
countries, infrastructure services have traditionally been
provided by government enterprises, but in developing
countries at least, these enterprises have often proven to
be inefficient, unable to provide much-needed investments,
and manipulated to achieve political objectives. By
contrast, many studies have shown that over the past 30
years, private (or privatized) enterprises in developing
countries have, on average, delivered superior performance
and needed investments. Explanations differ on why this
discrepancy exists. Private enterprises are driven by a
desire for profits and may have more professional know-how
in management, operating procedures, and use of appropriate
technology. But perhaps the most important reason for their
stronger performance is that privatization makes intervening
in enterprise operations difficult for governments and
politicians, so government manipulation is less likely.
However, the issue, in general, has been how to ensure that
the improved performance and efficiency gains are passed
through to the users through lower tariffs and increased
coverage, while allowing firms to earn a fair rate of return
on their investments. |
| format |
Publications & Research :: Publication |
| author |
Guasch, J. Luis |
| author_facet |
Guasch, J. Luis |
| author_sort |
Guasch, J. Luis |
| title |
Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| title_short |
Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| title_full |
Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| title_fullStr |
Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| title_full_unstemmed |
Granting and Renegotiating Infrastructure Concessions : Doing it Right |
| title_sort |
granting and renegotiating infrastructure concessions : doing it right |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/04/3357204/granting-renegotiating-infrastructure-concessions-doing-right http://hdl.handle.net/10986/15024 |
| _version_ |
1764426004280901632 |