Privatization and Regulatory Reform in Brazil: The Case of Freight Railways

Abstract

A variety of Proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in restructuring its railroad system. This paper analyzes Brazil's ongoing railroad reforms, seeking to place them in the context both of the broader reform project going on in Brazil and of railroad reforms taking place in developing and developed countries worldwide.

Keywords: Regulatory reform, privatization, railway, developing countries, Latin America, Brazil

JEL Classification: L33, L43, L92, N76, O14