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Privatization And Regulation Of Transport Infrastructure
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Book Synopsis Privatization and Regulation of Transport Infrastructure by : Antonio Estache
Download or read book Privatization and Regulation of Transport Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 2000-01-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.
Book Synopsis Privatization and Regulation of Transport Infrastructure in the 1990s by : Antonio Estache
Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Learning to regulate fairly, effectively, and at arm's length may be the main challenge governments face in attracting private investment and financing to the transport sector"--Cover.
Book Synopsis Privatization and Regulation of Transport Infrastructure in the 1990s by : Antonio Estache
Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatization and Regulation of Transport Infrastructure in the 1990s by : Antonio Estache
Download or read book Privatization and Regulation of Transport Infrastructure in the 1990s written by Antonio Estache and published by . This book was released on 2016 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning to regulate fair ...
Book Synopsis Argentina's Transport Privatization and Re-regulation by : Antonio Estache
Download or read book Argentina's Transport Privatization and Re-regulation written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argentina's policy for reform of the transport sector has been a mix of competition in the market and, through concessions, for the market. Capacity has increased, demand has grown, and prices and services have improved. Public financing has not been eliminated but it has been drastically reduced"--Cover.
Book Synopsis Forecasting the Demand for Privatized Transport by : Lourdes Trujillo
Download or read book Forecasting the Demand for Privatized Transport written by Lourdes Trujillo and published by World Bank Publications. This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with demand forecasting, the reasons that demand forecasting matters, and how to think about demand forecasting in the context of regulation.
Book Synopsis Going Private by : Jose Gomez-Ibanez
Download or read book Going Private written by Jose Gomez-Ibanez and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade many countries turned to private sources to provide services formerly offered by public agencies. Europeans, particularly the British and the French, were leaders in this movement. Developing countries also experimented extensively with privatization in the 1980s, with varying degrees of success. Because governments around the world are heavily involved in transportation, it is a natural focus of privatization experiments and in many ways has been at the cutting edge. Going Private examines the diverse privatization experiences of transportation services and facilities. Cases are drawn from the United States, Asia, Europe, and Latin America. Since almost every country has experimented to some degree with highway and bus privatization, the authors focus particularly on these services, although they also discuss urban rail transit and airports. Highways and buses, they explain, encompass all three of the most common and basic forms of privatization: the sale of an existing state-owned enterprise; use of private, rather than public, financing and management for new infrastructure development; and contracting out to private vendors public services previously provided by government employees. After thoroughly examining these services and discussing the motives for, and objections to, privatization, the authors look at the prospects for privatization in other sectors and industries. They assess those circumstances in which privatization is most likely to succeed and those in which it is most likely to fail, for political as well as economic reasons. The authors conclude that privatization involves many political and social as well as economic dimensions. Privatization is usually not simply a matter of efficiency improvements or capital augmentation but also involves such deeply imbedded societal concerns as equity, income transfers, environmental problems, and attitudes toward taxation and the role of government.
Book Synopsis Privatizing Transportation Systems by : Bloomsbury Publishing
Download or read book Privatizing Transportation Systems written by Bloomsbury Publishing and published by Bloomsbury Publishing USA. This book was released on 1996-11-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization began in the 1970s with Carter's deregulation of some business, and increased with the Thatcher administration in the United Kingdom, the Reagan administration in the United States, and many communist and socialist countries. One area of concern in privatization is transportation—airports, water ports, roads, and mass transit. Privatization can be implemented in financing, construction, operation, and maintenance of the transportation system, the main motives being the belief that the private sector can be more efficient than the public sector, and because public funds are becoming less plentiful for a variety of reasons. The focus is on ideas and innovations for expanding the private role in transportation. Specifically covered are ideas and innovations for expanding the role of private sector in U.S. transportation projects, private financing of urban transportation, airport privatization, water port improvement, toll roads, and competitive contracting for transit services. The distinguished list of contributors includes the co-recipient of the 1996 Nobel Prize in Economics, William Vickrey. The audience for the work are scholars dealing with the discussions concerning the economics and politics of privatization, business people who are likely to be interested in potential opportunities, governmental regulators and staff, and policy makers.
Book Synopsis Reforming Infrastructure by : Ioannis Nicolaos Kessides
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Book Synopsis ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure by : International Transport Forum
Download or read book ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure written by International Transport Forum and published by OECD Publishing. This book was released on 2013-09-26 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report examines the nature of risks and uncertainty associated with different types of public-private partnership projects and the practical consequences of transferring risks to private partners.
Download or read book Last Exit written by Clifford Winston and published by Rowman & Littlefield. This book was released on 2010-09-01 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Last Exit Clifford Winston reminds us that transportation services and infrastructure in the United States were originally introduced by private firms. The case for subsequent public ownership and management of the system was weak, in his view, and here he assesses the case for privatization and deregulation to greatly improve Americans' satisfaction with their transportation systems.
Book Synopsis ITF Round Tables Privatisation and Regulation of Urban Transit Systems by : International Transport Forum
Download or read book ITF Round Tables Privatisation and Regulation of Urban Transit Systems written by International Transport Forum and published by OECD Publishing. This book was released on 2008-10-23 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines experience in integrating private management and capital with public transport policy objectives in a number of developed economies.
Book Synopsis Institutional Reform, Regulation and Privatization by : Rolf W. Künneke
Download or read book Institutional Reform, Regulation and Privatization written by Rolf W. Künneke and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides evolutionary and institutional perspectives on the reform of infrastructure industries, tracing the development of this process in a number of sectors and countries. The contributors contend that infrastructure based industries such as telecommunications, public transport, water management and energy have been increasingly exposed to the dynamism of the market since becoming privatized, and have therefore been stimulated into short-term efficiency and long-term innovation. Drawing on institutional economic theory backed up with case studies such as the California energy crisis, the Dutch gas industry, oil and electricity companies in Spain and the privatization of Schipol airport in Amsterdam the book focuses on process, driving forces, and actors' roles to explain how new balances are established between competing institutions. The degree to which the processes of institutional change are predictable and the effects of deliberate strategic interventions of governments or private actors are explored. Specific technical and sector aspects and their influence on institutional change in various infrastructures are also discussed.
Book Synopsis Argentina's Transport Privatization and Re-Regulation by : Antonio Estache
Download or read book Argentina's Transport Privatization and Re-Regulation written by Antonio Estache and published by . This book was released on 2016 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argentina's policy for reform of the transport sector has been a mix of competition in the market and, through concessions, for the market. Capacity has increased, demand has grown, and prices and services have improved. Public financing has not been eliminated but it has been drastically reduced.When Argentina initiated reform of its transport sector in 1989, it had few models to follow. It was the first Latin American country to privatize its intercity railroad, to explicitly organize intraport competition, and to grant a private concession to operate its subway. It was second (after Japan) to privatize its urban commuter railways and one of the first in the developing world to grant road concessions to private operators.Argentina's experience shows that transport privatization and deregulation provide efficiency gains that can be delivered to users. Despite unexpectedly high residual subsidy requirements, fiscal costs are lower, services have improved, and new investment is taking place. Argentina's decade-long experience shows that the reform process involves learning by doing. Inexperienced new regulators quickly face the challenges in controlling monopoly power and providing long-run incentives for private investment. Designing sustainable reform requires a commitment by government to minimize its role in the sector and to respect its original promises to both users and concessionaires. Argentina has learned the importance of building up the regulatory capacity needed to monitor contracts, especially when initial uncertainty about demand and cost conditions is strong and renegotiation is the probable outcome of daring reform.The government's main challenge in monitoring contracts is to get enough information to reach a balance in its decisions about distributing efficiency gains fairly between consumers and private investors. This is one area in which Argentina may not yet have met the challenge. As the last wave of contract extensions in rail and roads comes to an end, one issue is likely to be the need for better targeting of subsidies for the poor.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.
Book Synopsis Forecasting the Demand for Privatized Transport by : Lourdes Trujillo
Download or read book Forecasting the Demand for Privatized Transport written by Lourdes Trujillo and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with demand forecasting, the reasons that demand forecasting matters, and how to think about demand forecasting in the context of regulation. Forecasting has long been a challenge and will remain so for the foreseeable future. But the analytical instruments and data processing capabilities available through the latest technology and software should allow much better forecasting than transport ministries or regulatory agencies typically observe. Privatization brings new needs for demand forecasting. More attention is paid to risk under privatization than when investments are publicly financed. And regulators must be able to judge traffic studies done by operators and to learn what strategic behavior influenced these studies. Many governments and regulators avoid good demand modeling out of lack of conviction that theory and models can do better than the "old hands" of the sector. This is dangerous when privatization changes the nature of business. For projects amounting to investments of $100-200 million, a cost of $100,000-200,000 is not a reason to reject a reasonable modeling effort. And some private forecasting firms are willing to sell guarantees or insurance with their forecasts to cover significant gaps between forecasts and reality. This paper - a product of the Governance, Regulation, and Finance Division, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Book Synopsis Privatized Infrastructure by : Adrian J. Smith
Download or read book Privatized Infrastructure written by Adrian J. Smith and published by Thomas Telford. This book was released on 1999 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the major aspects of the relationship between government and the private sector in the provision of high quality, sustainable, and affordable privately funded infrastructure projects. The form of this partnership is often seen as a major determinant of the project risk distribution among the various parties involved, and will thus be crucial in attracting both high quality developers/operators and external institutional funding.
Book Synopsis Handbook on Public Private Partnerships in Transportation, Vol I by : Simon Hakim
Download or read book Handbook on Public Private Partnerships in Transportation, Vol I written by Simon Hakim and published by Springer Nature. This book was released on 2022-01-03 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the role of public-private partnerships (PPPs) in global transportation infrastructure. Seen as a way to provide vital services in an era of shrinking government budgets, public-private partnerships have become an increasingly important part of travel infrastructure worldwide. This book describes and analyzes the structure of various models of PPPs in various countries, evaluating their effectiveness, and drawing policy implications for future use. Written by leading international researchers and practitioners in the transportation field, each chapter is a case study on the adoption, implementation, and outcome of transportation services in different municipalities. Taken together, these diverse case studies provide an integrated framework for evaluating and using PPPs. Providing rigorous empirical analysis of PPPs in transportation, this volume will be of interest to researchers in public administration, political science, and economics as well as practitioners and policymakers involved in establishing and monitoring PPPs in transportation.
