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Cross-Sectoral
Title: Granting and renegotiating infrastructure concessions: Doing it right
Author(s): Jose Luis Guasch
Posted Date: Wednesday, May 09, 2007
Keywords: appropriate technology, conceptual framework, debt, developing countries, dividends, Economic Growth, economics, electricity generation, Empirical Analysis, Equilibrium, insurance, interest rates, inventories, natural monopolies, Policy decisions, potential investors, poverty alleviation, present value, productivity, tradeoffs
Copyrights: The World Bank
Type: File
Decription: This title is the fifth in an occasional series by the World Bank Institute intended to help meet the knowledge and information needs of infrastructure reformers and regulators. The book breaks new ground in relation to the design and implementation of concession contracts by culling the lessons of experience from some 1,000 examples and assessing what these lessons mean for future practice. The examples are taken from Latin America where, during the 1990s, governments throughout the region awarded contracts to the private sector to operate a range of public utilities, including electricity; water supply and sanitation; and airport, railway, and port services. The study shows the extent to which the concession award process, the contract design, the regulatory framework, and the overall governance structure tend to drive the success of any reform effort and the likelihood of contract renegotiation.
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