Privatization and Regulation of Transport Infrastructure in the 1990s
Although the link between improved infrastructure services and economic growth is uncertain, it is clear that reforms aimed at creating competition and regulating natural monopolies establish an environment conducive to private sector participation...
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| Format: | Journal Article |
| Language: | English en_US |
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Washington, DC: World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/03/17580157/privatization-regulation-transport-infrastructure-1990s http://hdl.handle.net/10986/17127 |
| Summary: | Although the link between improved
infrastructure services and economic growth is uncertain, it
is clear that reforms aimed at creating competition and
regulating natural monopolies establish an environment
conducive to private sector participation, incentives for
companies to strive for efficiency savings that can
ultimately be passed on to consumers, and greater provision
of services (such as faster roll-out of infrastructure or
innovative solutions to service delivery for customers not
connected to an existing network). In determining the form
that infrastructure restructuring might undertake or the
design of a regulatory agency, policymakers can generally
benefit from a review of the experiences of other countries.
A key element of any decision making process should be a
review of how the various types of reform will affect the
efficiency of the sector and whether they will increase
private financing of its significant investment needs. |
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