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, 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.

Bibliographic Details

Main Author:	Estache, Antonio
Format:	Journal Article biblioteca
Language:	English en_US
Published:	Washington, DC: World Bank 2001-04
Subjects:	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,
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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