Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership?

27 Pages Posted: 20 Apr 2016

See all articles by Antonio Estache

Antonio Estache

Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)

Tomas Serebrisky

Inter-American Development Bank (IDB)

Date Written: July 6, 2004

Abstract

The evolution of transport public-private partnerships (PPPs) in industrial and developing countries since the early 1990s seems to be following a similar path: private initiatives work for a while, but after a shock to the sector takes place, the public sector returns as regulator, owner, or financier. After a while the public sector runs into problems and eventually finds a hybrid solution to ensure the survival of the sector. Estache and Serebrisky review the effectiveness of transport infrastructure deregulation from three angles: efficiency, fiscal, and users' viewpoint. They emphasize the difficulties and strong political commitments required to make the reforms sustainable and argue that governments willing to make corrections to the reform path are faced with the need to address recurrent and emerging issues in transport systems: tariff structure, quality (timetable, safety, and environment), access rules for captive shippers, the trend toward rebundling and decrease in intrasectoral competition, multimodalism, and the stimulus through yardstick competition.

This paper - a product of the Finance and Private Sector Development Division, World Bank Institute - is part of a larger effort in the institute to increase the understanding of infrastructure regulation.

Suggested Citation

Estache, Antonio and Serebrisky, Tomas, Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership? (July 6, 2004). World Bank Policy Research Working Paper No. 3356. Available at SSRN: https://ssrn.com/abstract=610400

Antonio Estache (Contact Author)

Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) ( email )

Ave. Franklin D Roosevelt, 50 - C.P. 114
Brussels, B-1050
Belgium
32 (0)2 6503838 (Phone)

Tomas Serebrisky

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

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