The Highway Concession System in Italy : History, Regulation and Politics
This paper contains a critical discussion of the opening of the highway concession to the private sector in Italy over the past 20 years. It describes the political context, legal mechanisms and regulatory settings; offers an analysis of the change...
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110214133415 http://hdl.handle.net/10986/3333 |
| Summary: | This paper contains a critical
discussion of the opening of the highway concession to the
private sector in Italy over the past 20 years. It describes
the political context, legal mechanisms and regulatory
settings; offers an analysis of the changes in the equity
composition of concessionaires after the introduction of
public-private partnerships, quality standards, and tariff
dynamics; and provides some examples. The Italian experience
reflects the typical problems of the
"build-now-regulate-later" approach recognized in
the highway public-private partnership literature. The
Italian model is also characterized by the existence of an
overly complex regulatory framework, as well as the lack of
a single agent in charge of contract enforcement and
independent data collection. |
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