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 |
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okr-10986-17127 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS ROADS ACCOUNTING AIR AIR TRAFFIC AIR TRAFFIC CONTROL AIRPORT AIRPORT ACTIVITIES AIRPORT OPERATORS AIRPORTS ALLOCATION OF RISK ARBITRATION ASSET SALES AUCTION AUCTIONS BIDS BRIDGE BRIDGE FINANCING BUS BUS SERVICES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL STRUCTURE CARS CENTRAL GOVERNMENTS CLIENT BASES COMMITMENT DEVICE COMPLIANCE COSTS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGESTION CONGESTION COSTS CONTRACT RENEGOTIATIONS CONTRACTUAL OBLIGATIONS COST OF CAPITAL CREDIBILITY CREDIT RATINGS CURRENCY CURRENCY RISK DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEFICITS DEMAND FOR TRANSPORT DEMAND FOR TRANSPORT SERVICES DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT BANK DISBURSEMENTS DOMESTIC AIRPORTS ECONOMIC GROWTH ECONOMIES OF SCALE EMERGING ECONOMIES EMERGING MARKET ENVIRONMENTAL CONCERNS EQUIPMENT EQUITY HOLDERS EXCESS SUPPLY EXTERNALITIES FAIR PRICE FARES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL STRUCTURES FINANCING REQUIREMENTS FISCAL CONSTRAINTS FREIGHT FREIGHT TRANSPORT GOVERNMENT INTERVENTION GOVERNMENT INVESTMENT GOVERNMENT REGULATION GRACE PERIOD GROSS DOMESTIC PRODUCT HIGHWAYS INCENTIVE STRUCTURE INDUSTRIAL COUNTRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTRUMENT INTEGRATED REGULATION INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL EQUITY INTERURBAN ROUTES INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT PROJECTS INVESTMENT RISK LACK OF TRANSPARENCY LARGE CITIES LAWS LEGAL INSTRUMENTS LENDERS LEVEL OF RISK LIBERALIZATION LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-DISTANCE LONG-TERM CAPITAL MACROECONOMIC ENVIRONMENT MARKET CONDITIONS MARKET STRUCTURE MATURITY MATURITY PERIOD MINISTRY OF TRANSPORT MODES OF TRANSPORT MONOPOLIES MONOPOLY NATIONAL SECURITY O&M OLIGOPOLIES OPERATING RISK PASSENGER RAIL PASSENGERS PERMANENT DEBT POLITICAL ECONOMY POLITICAL RISK POLITICAL RISKS PORTFOLIO POTENTIAL INVESTORS PRICE CAP PRICE CAP REGULATION PRICE CAPS PRIVATE CAPITAL PRIVATE ENTITY PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SALES PRIVATE TRANSPORT PRIVATIZATION PRIVATIZATIONS PUBLIC ASSETS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC OFFERINGS PUBLIC SERVICES PUBLIC UTILITIES PUBLIC WORKS PUBLIC-PRIVATE PARTNERSHIP RAIL RAIL PROJECTS RAIL SERVICES RAIL TRACKS RAILWAY RAILWAY REGULATORS RAILWAYS RATE OF RETURN RATES OF RETURN REGULATOR REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY ENVIRONMENT REGULATORY REGIME REGULATORY REGIMES RENEGOTIATION RENEGOTIATIONS RESTRICTIONS ON ENTRY RETURN ON EQUITY RETURNS RISK OF EXPROPRIATION RISK PREMIUM RISK PREMIUMS ROAD ROAD MAINTENANCE ROAD PROJECTS ROAD TRANSPORT ROADS ROLLING STOCK ROUTE RUNWAY RUNWAYS SAFETY SAFETY ISSUES SALES OF ASSETS SAVINGS SHARE OF INVESTMENT SURFACE TRANSPORTATION TAX TAX REGIME TAX REVENUE TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRANSACTION TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT ACTIVITIES TRANSPORT ACTIVITY TRANSPORT AGENCIES TRANSPORT COSTS TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INFRASTRUCTURES TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT REGULATION TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORTATION TRANSPORTATION SERVICES TRUCKS URBAN ROADS VOLUME OF TRAFFIC |
| spellingShingle |
ACCESS ROADS ACCOUNTING AIR AIR TRAFFIC AIR TRAFFIC CONTROL AIRPORT AIRPORT ACTIVITIES AIRPORT OPERATORS AIRPORTS ALLOCATION OF RISK ARBITRATION ASSET SALES AUCTION AUCTIONS BIDS BRIDGE BRIDGE FINANCING BUS BUS SERVICES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL STRUCTURE CARS CENTRAL GOVERNMENTS CLIENT BASES COMMITMENT DEVICE COMPLIANCE COSTS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGESTION CONGESTION COSTS CONTRACT RENEGOTIATIONS CONTRACTUAL OBLIGATIONS COST OF CAPITAL CREDIBILITY CREDIT RATINGS CURRENCY CURRENCY RISK DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEFICITS DEMAND FOR TRANSPORT DEMAND FOR TRANSPORT SERVICES DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT BANK DISBURSEMENTS DOMESTIC AIRPORTS ECONOMIC GROWTH ECONOMIES OF SCALE EMERGING ECONOMIES EMERGING MARKET ENVIRONMENTAL CONCERNS EQUIPMENT EQUITY HOLDERS EXCESS SUPPLY EXTERNALITIES FAIR PRICE FARES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL STRUCTURES FINANCING REQUIREMENTS FISCAL CONSTRAINTS FREIGHT FREIGHT TRANSPORT GOVERNMENT INTERVENTION GOVERNMENT INVESTMENT GOVERNMENT REGULATION GRACE PERIOD GROSS DOMESTIC PRODUCT HIGHWAYS INCENTIVE STRUCTURE INDUSTRIAL COUNTRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTRUMENT INTEGRATED REGULATION INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL EQUITY INTERURBAN ROUTES INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT PROJECTS INVESTMENT RISK LACK OF TRANSPARENCY LARGE CITIES LAWS LEGAL INSTRUMENTS LENDERS LEVEL OF RISK LIBERALIZATION LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-DISTANCE LONG-TERM CAPITAL MACROECONOMIC ENVIRONMENT MARKET CONDITIONS MARKET STRUCTURE MATURITY MATURITY PERIOD MINISTRY OF TRANSPORT MODES OF TRANSPORT MONOPOLIES MONOPOLY NATIONAL SECURITY O&M OLIGOPOLIES OPERATING RISK PASSENGER RAIL PASSENGERS PERMANENT DEBT POLITICAL ECONOMY POLITICAL RISK POLITICAL RISKS PORTFOLIO POTENTIAL INVESTORS PRICE CAP PRICE CAP REGULATION PRICE CAPS PRIVATE CAPITAL PRIVATE ENTITY PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SALES PRIVATE TRANSPORT PRIVATIZATION PRIVATIZATIONS PUBLIC ASSETS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC OFFERINGS PUBLIC SERVICES PUBLIC UTILITIES PUBLIC WORKS PUBLIC-PRIVATE PARTNERSHIP RAIL RAIL PROJECTS RAIL SERVICES RAIL TRACKS RAILWAY RAILWAY REGULATORS RAILWAYS RATE OF RETURN RATES OF RETURN REGULATOR REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY ENVIRONMENT REGULATORY REGIME REGULATORY REGIMES RENEGOTIATION RENEGOTIATIONS RESTRICTIONS ON ENTRY RETURN ON EQUITY RETURNS RISK OF EXPROPRIATION RISK PREMIUM RISK PREMIUMS ROAD ROAD MAINTENANCE ROAD PROJECTS ROAD TRANSPORT ROADS ROLLING STOCK ROUTE RUNWAY RUNWAYS SAFETY SAFETY ISSUES SALES OF ASSETS SAVINGS SHARE OF INVESTMENT SURFACE TRANSPORTATION TAX TAX REGIME TAX REVENUE TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRANSACTION TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT ACTIVITIES TRANSPORT ACTIVITY TRANSPORT AGENCIES TRANSPORT COSTS TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INFRASTRUCTURES TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT REGULATION TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORTATION TRANSPORTATION SERVICES TRUCKS URBAN ROADS VOLUME OF TRAFFIC Estache, Antonio Privatization and Regulation of Transport Infrastructure in the 1990s |
| description |
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. |
| format |
Journal Article |
| author |
Estache, Antonio |
| author_facet |
Estache, Antonio |
| author_sort |
Estache, Antonio |
| title |
Privatization and Regulation of Transport Infrastructure in the 1990s |
| title_short |
Privatization and Regulation of Transport Infrastructure in the 1990s |
| title_full |
Privatization and Regulation of Transport Infrastructure in the 1990s |
| title_fullStr |
Privatization and Regulation of Transport Infrastructure in the 1990s |
| title_full_unstemmed |
Privatization and Regulation of Transport Infrastructure in the 1990s |
| title_sort |
privatization and regulation of transport infrastructure in the 1990s |
| publisher |
Washington, DC: World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/03/17580157/privatization-regulation-transport-infrastructure-1990s http://hdl.handle.net/10986/17127 |
| _version_ |
1764433469119660032 |
| spelling |
okr-10986-171272021-04-23T14:03:29Z Privatization and Regulation of Transport Infrastructure in the 1990s Estache, Antonio ACCESS ROADS ACCOUNTING AIR AIR TRAFFIC AIR TRAFFIC CONTROL AIRPORT AIRPORT ACTIVITIES AIRPORT OPERATORS AIRPORTS ALLOCATION OF RISK ARBITRATION ASSET SALES AUCTION AUCTIONS BIDS BRIDGE BRIDGE FINANCING BUS BUS SERVICES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL STRUCTURE CARS CENTRAL GOVERNMENTS CLIENT BASES COMMITMENT DEVICE COMPLIANCE COSTS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGESTION CONGESTION COSTS CONTRACT RENEGOTIATIONS CONTRACTUAL OBLIGATIONS COST OF CAPITAL CREDIBILITY CREDIT RATINGS CURRENCY CURRENCY RISK DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEFICITS DEMAND FOR TRANSPORT DEMAND FOR TRANSPORT SERVICES DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT BANK DISBURSEMENTS DOMESTIC AIRPORTS ECONOMIC GROWTH ECONOMIES OF SCALE EMERGING ECONOMIES EMERGING MARKET ENVIRONMENTAL CONCERNS EQUIPMENT EQUITY HOLDERS EXCESS SUPPLY EXTERNALITIES FAIR PRICE FARES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL STRUCTURES FINANCING REQUIREMENTS FISCAL CONSTRAINTS FREIGHT FREIGHT TRANSPORT GOVERNMENT INTERVENTION GOVERNMENT INVESTMENT GOVERNMENT REGULATION GRACE PERIOD GROSS DOMESTIC PRODUCT HIGHWAYS INCENTIVE STRUCTURE INDUSTRIAL COUNTRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTRUMENT INTEGRATED REGULATION INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL EQUITY INTERURBAN ROUTES INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT PROJECTS INVESTMENT RISK LACK OF TRANSPARENCY LARGE CITIES LAWS LEGAL INSTRUMENTS LENDERS LEVEL OF RISK LIBERALIZATION LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-DISTANCE LONG-TERM CAPITAL MACROECONOMIC ENVIRONMENT MARKET CONDITIONS MARKET STRUCTURE MATURITY MATURITY PERIOD MINISTRY OF TRANSPORT MODES OF TRANSPORT MONOPOLIES MONOPOLY NATIONAL SECURITY O&M OLIGOPOLIES OPERATING RISK PASSENGER RAIL PASSENGERS PERMANENT DEBT POLITICAL ECONOMY POLITICAL RISK POLITICAL RISKS PORTFOLIO POTENTIAL INVESTORS PRICE CAP PRICE CAP REGULATION PRICE CAPS PRIVATE CAPITAL PRIVATE ENTITY PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SALES PRIVATE TRANSPORT PRIVATIZATION PRIVATIZATIONS PUBLIC ASSETS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FUNDS PUBLIC OFFERINGS PUBLIC SERVICES PUBLIC UTILITIES PUBLIC WORKS PUBLIC-PRIVATE PARTNERSHIP RAIL RAIL PROJECTS RAIL SERVICES RAIL TRACKS RAILWAY RAILWAY REGULATORS RAILWAYS RATE OF RETURN RATES OF RETURN REGULATOR REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY ENVIRONMENT REGULATORY REGIME REGULATORY REGIMES RENEGOTIATION RENEGOTIATIONS RESTRICTIONS ON ENTRY RETURN ON EQUITY RETURNS RISK OF EXPROPRIATION RISK PREMIUM RISK PREMIUMS ROAD ROAD MAINTENANCE ROAD PROJECTS ROAD TRANSPORT ROADS ROLLING STOCK ROUTE RUNWAY RUNWAYS SAFETY SAFETY ISSUES SALES OF ASSETS SAVINGS SHARE OF INVESTMENT SURFACE TRANSPORTATION TAX TAX REGIME TAX REVENUE TELECOMMUNICATIONS TOLL TOLL ROAD TOLL ROADS TOLLS TRAFFIC TRANSACTION TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT ACTIVITIES TRANSPORT ACTIVITY TRANSPORT AGENCIES TRANSPORT COSTS TRANSPORT FACILITIES TRANSPORT INFRASTRUCTURE TRANSPORT INFRASTRUCTURES TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT REGULATION TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORTATION TRANSPORTATION SERVICES TRUCKS URBAN ROADS VOLUME OF TRAFFIC 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. 2014-02-20T22:44:46Z 2014-02-20T22:44:46Z 2001-04 Journal Article http://documents.worldbank.org/curated/en/2001/03/17580157/privatization-regulation-transport-infrastructure-1990s World Bank Research Observer http://hdl.handle.net/10986/17127 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research |