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 |
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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 |
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okr-10986-33332021-04-23T14:02:08Z The Highway Concession System in Italy : History, Regulation and Politics Limodio, Nicola ACCIDENTS AGGREGATES ALTERNATIVE ROUTE ASPHALT AUCTION MECHANISM AUCTIONS AVERAGE TARIFF BALANCE SHEET BALANCE SHEETS BOND CAPITAL ACCOUNT CAPITAL REQUIREMENTS CAPITALIZATION CARS CLAIM COMPETITIVE AUCTION CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION SYSTEM CONCESSIONAIRES CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CONTRACTUAL OBLIGATIONS DECISION-MAKING POWER DEPENDENT DIVIDEND DUE DILIGENCE ENGINE EQUITY FUNDS EXPENDITURE FINAL JUDGMENT FINANCE CONSTRAINTS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL RESPONSIBILITIES GOVERNMENT INTERVENTION GOVERNMENT REGULATORS HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY NETWORK HIGHWAY SYSTEM HIGHWAYS HOLDING INDEPENDENT REGULATION INFLATION INFLATION RATE INFRASTRUCTURE CAPACITY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURES INSIDER TRADING INTEREST RATES INTERNATIONAL BANK INVESTMENT PROJECTS ISO JUDICIAL BODIES JUDICIARY LABOR FORCE LEGAL MECHANISMS LEGAL SYSTEM MAINTENANCE COSTS MARKET STRUCTURE MOBILITY MORTALITY RATE MOTORWAYS NATIONAL DEBT NATIONAL INFRASTRUCTURE NATURAL MONOPOLY NUMBER OF CUSTOMERS OPEN ACCESS ORIGINAL CONTRACT PASSENGERS PAVING POLICE POWER PRICE CAP PRIVATE EQUITY PRIVATE FINANCING PRIVATE NEGOTIATION PRIVATE SHAREHOLDERS PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC FINANCE PUBLIC SECTOR PUBLIC STOCK PUBLIC STREETS PUBLIC SUBSIDIES REGULATORY FRAMEWORK REGULATORY SYSTEM REORGANIZATION RESERVE RESERVES ROUTE SAFETY SHAREHOLDER SHAREHOLDERS SNOW SPEED SPEED REGULATION STOCK MARKET TARIFF ADJUSTMENT TENDERS TOLLS TRAFFIC TRANSPARENCY TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT POLICY TRANSPORTATION TREASURY TREATIES TREATY TRUCKS TRUE TUNNEL UTILITIES 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. 2012-03-19T18:00:30Z 2012-03-19T18:00:30Z 2011-02-01 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 English Policy Research working paper ; no. WPS 5567 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Europe and Central Asia Europe and Central Asia Europe Italy |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCIDENTS AGGREGATES ALTERNATIVE ROUTE ASPHALT AUCTION MECHANISM AUCTIONS AVERAGE TARIFF BALANCE SHEET BALANCE SHEETS BOND CAPITAL ACCOUNT CAPITAL REQUIREMENTS CAPITALIZATION CARS CLAIM COMPETITIVE AUCTION CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION SYSTEM CONCESSIONAIRES CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CONTRACTUAL OBLIGATIONS DECISION-MAKING POWER DEPENDENT DIVIDEND DUE DILIGENCE ENGINE EQUITY FUNDS EXPENDITURE FINAL JUDGMENT FINANCE CONSTRAINTS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL RESPONSIBILITIES GOVERNMENT INTERVENTION GOVERNMENT REGULATORS HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY NETWORK HIGHWAY SYSTEM HIGHWAYS HOLDING INDEPENDENT REGULATION INFLATION INFLATION RATE INFRASTRUCTURE CAPACITY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURES INSIDER TRADING INTEREST RATES INTERNATIONAL BANK INVESTMENT PROJECTS ISO JUDICIAL BODIES JUDICIARY LABOR FORCE LEGAL MECHANISMS LEGAL SYSTEM MAINTENANCE COSTS MARKET STRUCTURE MOBILITY MORTALITY RATE MOTORWAYS NATIONAL DEBT NATIONAL INFRASTRUCTURE NATURAL MONOPOLY NUMBER OF CUSTOMERS OPEN ACCESS ORIGINAL CONTRACT PASSENGERS PAVING POLICE POWER PRICE CAP PRIVATE EQUITY PRIVATE FINANCING PRIVATE NEGOTIATION PRIVATE SHAREHOLDERS PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC FINANCE PUBLIC SECTOR PUBLIC STOCK PUBLIC STREETS PUBLIC SUBSIDIES REGULATORY FRAMEWORK REGULATORY SYSTEM REORGANIZATION RESERVE RESERVES ROUTE SAFETY SHAREHOLDER SHAREHOLDERS SNOW SPEED SPEED REGULATION STOCK MARKET TARIFF ADJUSTMENT TENDERS TOLLS TRAFFIC TRANSPARENCY TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT POLICY TRANSPORTATION TREASURY TREATIES TREATY TRUCKS TRUE TUNNEL UTILITIES |
| spellingShingle |
ACCIDENTS AGGREGATES ALTERNATIVE ROUTE ASPHALT AUCTION MECHANISM AUCTIONS AVERAGE TARIFF BALANCE SHEET BALANCE SHEETS BOND CAPITAL ACCOUNT CAPITAL REQUIREMENTS CAPITALIZATION CARS CLAIM COMPETITIVE AUCTION CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION SYSTEM CONCESSIONAIRES CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTRACT ENFORCEMENT CONTRACTUAL OBLIGATIONS DECISION-MAKING POWER DEPENDENT DIVIDEND DUE DILIGENCE ENGINE EQUITY FUNDS EXPENDITURE FINAL JUDGMENT FINANCE CONSTRAINTS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL RESPONSIBILITIES GOVERNMENT INTERVENTION GOVERNMENT REGULATORS HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY NETWORK HIGHWAY SYSTEM HIGHWAYS HOLDING INDEPENDENT REGULATION INFLATION INFLATION RATE INFRASTRUCTURE CAPACITY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURES INSIDER TRADING INTEREST RATES INTERNATIONAL BANK INVESTMENT PROJECTS ISO JUDICIAL BODIES JUDICIARY LABOR FORCE LEGAL MECHANISMS LEGAL SYSTEM MAINTENANCE COSTS MARKET STRUCTURE MOBILITY MORTALITY RATE MOTORWAYS NATIONAL DEBT NATIONAL INFRASTRUCTURE NATURAL MONOPOLY NUMBER OF CUSTOMERS OPEN ACCESS ORIGINAL CONTRACT PASSENGERS PAVING POLICE POWER PRICE CAP PRIVATE EQUITY PRIVATE FINANCING PRIVATE NEGOTIATION PRIVATE SHAREHOLDERS PRIVATIZATION PROCUREMENT PUBLIC DEBT PUBLIC FINANCE PUBLIC SECTOR PUBLIC STOCK PUBLIC STREETS PUBLIC SUBSIDIES REGULATORY FRAMEWORK REGULATORY SYSTEM REORGANIZATION RESERVE RESERVES ROUTE SAFETY SHAREHOLDER SHAREHOLDERS SNOW SPEED SPEED REGULATION STOCK MARKET TARIFF ADJUSTMENT TENDERS TOLLS TRAFFIC TRANSPARENCY TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT POLICY TRANSPORTATION TREASURY TREATIES TREATY TRUCKS TRUE TUNNEL UTILITIES Limodio, Nicola The Highway Concession System in Italy : History, Regulation and Politics |
| geographic_facet |
Europe and Central Asia Europe and Central Asia Europe Italy |
| relation |
Policy Research working paper ; no. WPS 5567 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Limodio, Nicola |
| author_facet |
Limodio, Nicola |
| author_sort |
Limodio, Nicola |
| title |
The Highway Concession System in Italy : History, Regulation and Politics |
| title_short |
The Highway Concession System in Italy : History, Regulation and Politics |
| title_full |
The Highway Concession System in Italy : History, Regulation and Politics |
| title_fullStr |
The Highway Concession System in Italy : History, Regulation and Politics |
| title_full_unstemmed |
The Highway Concession System in Italy : History, Regulation and Politics |
| title_sort |
highway concession system in italy : history, regulation and politics |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764386811151384576 |