Port Concessions in Chile : Contract Design to Promote Competition and Investment

The objective of Chile's port reform, is to encourage investments for improved port equipment, in the hope that this will lead to more efficient service, in part by attracting larger, more modern ships. The first four major concessions, under which integrated terminals are run exclusively by private companies, started operations in January 2000. The integrated approach to port services replaces a system of free entry of multiple stevedoring companies. This note reviews how the concessions were designed: the criteria for the winning bids, the rules to prevent concessionaires' abusing their monopoly power, the rules to encourage investment, and the provisions for redundant workers.

Bibliographic Details

Main Authors:	Foxley, Juan, Mardones, José Luis
Format:	Viewpoint biblioteca
Language:	English
Published:	World Bank, Washington, DC 2000-10
Subjects:	PORTS, CONCESSIONALITY, CONTRACT FORMULATION, PORT MANAGEMENT, REFORM POLICY, INVESTMENT INCENTIVES, PORT FACILITIES, SERVICES DELIVERY, MODERNIZATION, PRIVATE COMPANY, OPERATING EFFICIENCY, FREE ENTRY, PERFORMANCE CRITERIA, PROCUREMENT, MONOPOLISTIC COMPETITION, INVESTMENT REGULATION, REDUNDANCY COSTS AUTHORITY, BERTHING, BERTHS, BREAK BULK, CARGO, CARGO TRAFFIC, CONTAINER TERMINAL, CONTAINER TERMINALS, CRANES, DISPATCH, FREIGHT, INCOME, LIQUID BULK CARGOES, NAVIGATION, PENALTIES, PORT, PORT ASSETS, PORT CONCESSIONS, PORT EQUIPMENT, PORT INDUSTRY, PORT OPERATIONS, PORT REFORM, PORT SERVICES, RESTRICTIONS, REVENUE SHARING, SAFETY, SAFETY REGULATIONS, SHIP, SHIPPING, SHIPPING AGENTS, SHIPPING COMPANY, SHIPS, SIGNS, SMALLER PORTS, STEVEDORES, STEVEDORING, TONNAGE, VESSELS,
Online Access:	http://documents.worldbank.org/curated/en/2000/10/729359/port-concessions-chile-contract-design-promote-competition-investment http://hdl.handle.net/10986/11418
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