Publication:
The Highway Concession System in Italy : History, Regulation and Politics

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dc.contributor.authorLimodio, Nicola
dc.date.accessioned2012-03-19T18:00:30Z
dc.date.available2012-03-19T18:00:30Z
dc.date.issued2011-02-01
dc.description.abstractThis 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.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110214133415
dc.identifier.doi10.1596/1813-9450-5567
dc.identifier.urihttps://hdl.handle.net/10986/3333
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5567
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCIDENTS
dc.subjectAGGREGATES
dc.subjectALTERNATIVE ROUTE
dc.subjectASPHALT
dc.subjectAUCTION MECHANISM
dc.subjectAUCTIONS
dc.subjectAVERAGE TARIFF
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBOND
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITALIZATION
dc.subjectCARS
dc.subjectCLAIM
dc.subjectCOMPETITIVE AUCTION
dc.subjectCONCESSION
dc.subjectCONCESSION CONTRACT
dc.subjectCONCESSION CONTRACTS
dc.subjectCONCESSION SYSTEM
dc.subjectCONCESSIONAIRES
dc.subjectCONFLICT OF INTERESTS
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectDECISION-MAKING POWER
dc.subjectDEPENDENT
dc.subjectDIVIDEND
dc.subjectDUE DILIGENCE
dc.subjectENGINE
dc.subjectEQUITY FUNDS
dc.subjectEXPENDITURE
dc.subjectFINAL JUDGMENT
dc.subjectFINANCE CONSTRAINTS
dc.subjectFINANCIAL CAPACITY
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL RESPONSIBILITIES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT REGULATORS
dc.subjectHIGHWAY
dc.subjectHIGHWAY CONSTRUCTION
dc.subjectHIGHWAY NETWORK
dc.subjectHIGHWAY SYSTEM
dc.subjectHIGHWAYS
dc.subjectHOLDING
dc.subjectINDEPENDENT REGULATION
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFRASTRUCTURE CAPACITY
dc.subjectINFRASTRUCTURE CONCESSIONS
dc.subjectINFRASTRUCTURES
dc.subjectINSIDER TRADING
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT PROJECTS
dc.subjectISO
dc.subjectJUDICIAL BODIES
dc.subjectJUDICIARY
dc.subjectLABOR FORCE
dc.subjectLEGAL MECHANISMS
dc.subjectLEGAL SYSTEM
dc.subjectMAINTENANCE COSTS
dc.subjectMARKET STRUCTURE
dc.subjectMOBILITY
dc.subjectMORTALITY RATE
dc.subjectMOTORWAYS
dc.subjectNATIONAL DEBT
dc.subjectNATIONAL INFRASTRUCTURE
dc.subjectNATURAL MONOPOLY
dc.subjectNUMBER OF CUSTOMERS
dc.subjectOPEN ACCESS
dc.subjectORIGINAL CONTRACT
dc.subjectPASSENGERS
dc.subjectPAVING
dc.subjectPOLICE
dc.subjectPOWER
dc.subjectPRICE CAP
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE NEGOTIATION
dc.subjectPRIVATE SHAREHOLDERS
dc.subjectPRIVATIZATION
dc.subjectPROCUREMENT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC STOCK
dc.subjectPUBLIC STREETS
dc.subjectPUBLIC SUBSIDIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY SYSTEM
dc.subjectREORGANIZATION
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectROUTE
dc.subjectSAFETY
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSNOW
dc.subjectSPEED
dc.subjectSPEED REGULATION
dc.subjectSTOCK MARKET
dc.subjectTARIFF ADJUSTMENT
dc.subjectTENDERS
dc.subjectTOLLS
dc.subjectTRAFFIC
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT ECONOMICS
dc.subjectTRANSPORT ECONOMISTS
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORTATION
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectTREATY
dc.subjectTRUCKS
dc.subjectTRUE
dc.subjectTUNNEL
dc.subjectUTILITIES
dc.titleThe Highway Concession System in Italy : History, Regulation and Politicsen
dspace.entity.typePublication
okr.crossref.titleThe highway concession system in Italy: History, regulation and politics
okr.date.disclosure2011-02-01
okr.date.doiregistration2025-04-10T11:33:23.647919Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110214133415
okr.globalpracticeTransport and ICT
okr.guid844231468253530165
okr.identifier.doi10.1596/1813-9450-5567
okr.identifier.externaldocumentum000158349_20110214133415
okr.identifier.internaldocumentum13776217
okr.identifier.reportWPS5567
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/02/14/000158349_20110214133415/Rendered/PDF/WPS5567.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.administrativeEurope and Central Asia
okr.region.countryItaly
okr.region.geographicalEurope
okr.topicRoads and Highways
okr.topicTransport
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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