This paper contains a critical discussion of the opening of the highway concession to the private sector in Italy over the past 20 years. It describes the political context, legal mechanisms and regulatory settings; offers an analysis of the changes in the equity composition of concessionaires after the introduction of public-private partnerships, quality standards, and tariff dynamics; and provides some examples.
The Italian experience reflects the typical problems of the "build-now-regulate-later" approach recognized in the highway public-private partnership literature. The Italian model is also characterized by the existence of an overly complex regulatory framework, as well as the lack of a single agent in charge of contract enforcement and independent data collection
Author: Limodio, Nicola.Document Date: 2011/02/01.Document Type:Policy Research Working Paper.Report Number: WPS5567.Volume No: 1 of 1
Complete Report
Official version of document (may
contain signatures, etc)
| |||
1 pages
|
Official Version
|
[0.07 mb]
| |
Text Version*
| |||
No comments:
Post a Comment
prueba