The Long and Winding Path to Private Financing and Regulation of Toll Roads:
July 2000 - This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
1999
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | July 2000 - This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue. There seems to be demand for toll roads in specific settings, but the problems met by many of this first generation of road concessions-from Mexico to Thailand-have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. Estache, Romero, and Strong provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users. This paper-a product of Governance, Regulation, and Finance, World Bank Institute-is part of a larger effort in the institute to increase understanding of infrastructure regulation. The authors may be contacted at aestache@worldbank.org or jstrong@worldbank.org |
| Beschreibung: | 1 Online-Ressource (54 Seiten)) |
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| 520 | 3 | |a July 2000 - This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue. | |
| 520 | 3 | |a There seems to be demand for toll roads in specific settings, but the problems met by many of this first generation of road concessions-from Mexico to Thailand-have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. Estache, Romero, and Strong provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users. | |
| 520 | 3 | |a This paper-a product of Governance, Regulation, and Finance, World Bank Institute-is part of a larger effort in the institute to increase understanding of infrastructure regulation. The authors may be contacted at aestache@worldbank.org or jstrong@worldbank.org | |
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Datensatz im Suchindex
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| spelling | Estache, Antonio Verfasser aut The Long and Winding Path to Private Financing and Regulation of Toll Roads Estache, Antonio Washington, D.C The World Bank 1999 1 Online-Ressource (54 Seiten)) txt rdacontent c rdamedia cr rdacarrier July 2000 - This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue. There seems to be demand for toll roads in specific settings, but the problems met by many of this first generation of road concessions-from Mexico to Thailand-have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. Estache, Romero, and Strong provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users. This paper-a product of Governance, Regulation, and Finance, World Bank Institute-is part of a larger effort in the institute to increase understanding of infrastructure regulation. The authors may be contacted at aestache@worldbank.org or jstrong@worldbank.org Online-Ausg Arterial Roads Costs Demand For Road Transport Freight Highway Highway Systems Investments Piers Rail Road Road Projects Road Sector Road Transport Toll Toll Road Toll Roads Traffic Transport Transport Activities Transport Economics, Policy and Planning Urban Roads Vehicles Estache, Antonio Sonstige oth Strong, John Sonstige oth Romero, Manuel Sonstige oth Estache, Antonio The Long and Winding Path to Private Financing and Regulation of Toll Roads http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2387 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Estache, Antonio The Long and Winding Path to Private Financing and Regulation of Toll Roads Arterial Roads Costs Demand For Road Transport Freight Highway Highway Systems Investments Piers Rail Road Road Projects Road Sector Road Transport Toll Toll Road Toll Roads Traffic Transport Transport Activities Transport Economics, Policy and Planning Urban Roads Vehicles |
| title | The Long and Winding Path to Private Financing and Regulation of Toll Roads |
| title_auth | The Long and Winding Path to Private Financing and Regulation of Toll Roads |
| title_exact_search | The Long and Winding Path to Private Financing and Regulation of Toll Roads |
| title_exact_search_txtP | The Long and Winding Path to Private Financing and Regulation of Toll Roads |
| title_full | The Long and Winding Path to Private Financing and Regulation of Toll Roads Estache, Antonio |
| title_fullStr | The Long and Winding Path to Private Financing and Regulation of Toll Roads Estache, Antonio |
| title_full_unstemmed | The Long and Winding Path to Private Financing and Regulation of Toll Roads Estache, Antonio |
| title_short | The Long and Winding Path to Private Financing and Regulation of Toll Roads |
| title_sort | the long and winding path to private financing and regulation of toll roads |
| topic | Arterial Roads Costs Demand For Road Transport Freight Highway Highway Systems Investments Piers Rail Road Road Projects Road Sector Road Transport Toll Toll Road Toll Roads Traffic Transport Transport Activities Transport Economics, Policy and Planning Urban Roads Vehicles |
| topic_facet | Arterial Roads Costs Demand For Road Transport Freight Highway Highway Systems Investments Piers Rail Road Road Projects Road Sector Road Transport Toll Toll Road Toll Roads Traffic Transport Transport Activities Transport Economics, Policy and Planning Urban Roads Vehicles |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2387 |
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