Private Participation in the Rail Sector : Recent Trends
This note focuses on rail projects with private participation, that reached financial closure in 1990-1997, surveying regional trends, types of private participation, and project size. Through database analysis, the paper reveals that operations, a...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/06/439129/private-participation-rail-sector-recent-trends http://hdl.handle.net/10986/11472 |
| Summary: | This note focuses on rail projects with
private participation, that reached financial closure in
1990-1997, surveying regional trends, types of private
participation, and project size. Through database analysis,
the paper reveals that operations, and management contracts
- including leases and concessions - are more common than
green-field projects, or divestitures -, and, that private
participation is more common for freight, than passenger
services, with Latin America leading the new wave of private
railway projects. It further illustrates the continued trend
to private participation among the different regions,
revealing the importance of establishing flexible contracts,
and setting clear re-negotiations, or other adjustment
mechanisms in advance. Experience from developed countries
convey lessons with different models of private involvement,
such as the benefits of splitting infrastructure provision
from service operation, which often fostered reforms, and,
may possibly offer one solution to access pricing issues,
when facing vertically integrated companies, concessioned
with open access requirements. |
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