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Privatization and Regulation of Transport Infrastructure in the 1990s

Privatization and Regulation of Transport Infrastructure in the 1990s
Author: Antonio Estache
Publisher: World Bank Publications
Total Pages: 42
Release: 1999
Genre: Air
ISBN:

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"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.


Privatization and Regulation of Transport Infrastructure in the 1990s

Privatization and Regulation of Transport Infrastructure in the 1990s
Author: Antonio Estache
Publisher:
Total Pages:
Release: 2010
Genre:
ISBN:

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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 decisionmaking 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.


Privatization and Regulation of Transport Infrastructure

Privatization and Regulation of Transport Infrastructure
Author: Antonio Estache
Publisher: World Bank Publications
Total Pages: 324
Release: 2000-01-01
Genre: Business & Economics
ISBN: 9780821347218

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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.


Reforming Infrastructure

Reforming Infrastructure
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
Total Pages: 328
Release: 2004
Genre: Business & Economics
ISBN:

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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.


Reforming Infrastructure

Reforming Infrastructure
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
Total Pages: 325
Release:
Genre: Business & Economics
ISBN: 0821350706

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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.


Forecasting the Demand for Privatized Transport

Forecasting the Demand for Privatized Transport
Author: Lourdes Trujillo
Publisher: World Bank Publications
Total Pages: 42
Release: 2000
Genre: Demand (Economic theory)
ISBN:

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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.


The Rise, the Fall, and ... the Emerging Recovery of Project Finance in Transport

The Rise, the Fall, and ... the Emerging Recovery of Project Finance in Transport
Author: Antonio Estache
Publisher: World Bank Publications
Total Pages: 38
Release: 2000
Genre: Bank Debt
ISBN:

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Many transport projects undertaken during the boom period of the 1990s came to a crashing halt in 1997, and conditions in emerging markets worsened in 1998 and 1999. Many projects failed, victim of everything from overoptimistic forecasts to excessive debt to an inability to refinance bridge loans. As available financing dried up, many projects went bankrupt, had to be renegotiated, or were taken over by the government. What have we learned from all this?