Publication:
Road Infrastructure Concession Practice in Europe

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dc.contributor.authorBousquet, Franck
dc.contributor.authorFayard, Alain
dc.date.accessioned2014-08-21T16:50:03Z
dc.date.available2014-08-21T16:50:03Z
dc.date.issued2001-09
dc.description.abstractIn a road infrastructure concession, a public authority grants specific rights to a private, or semi-public company to construct, overhaul, maintain, and operate infrastructure for a given period. By contract, the public authority charges that company with making the investments needed to create the service at its own cost, and to operate it at its own risk. The price paid to the company comes from the service's users, the public authority, or both. In 1999, out of roughly 51,000 kilometers of European motorways, about 17,000 kilometers (33 percent) were concessioned - 16,400 kilometers by toll, and 670 kilometers by shadow toll (design, build, finance, and operate arrangements). Of these, 73 percent are managed by the public sector, and 27 percent by private companies. State-owned companies have been important in European motorway concessions. Systems vary among countries, for example, in how they share risks between the concession authority, and the concession company. As the motorway network has grown denser, attributing commercial risk has become more difficult. Increasingly, public authorities must play a greater regulatory role. Already, bad experiences have made the private sector reluctant to bear the commercial risk. Ant the commercial risk is sometimes too great to be carried by the concession company alone. Commercial risk should be controlled by mechanisms incorporated in the contract, but control of the commercial risk must not eliminate incentives. In addition to safeguarding the community's interests, the public concession authority, must increase citizen awareness about concession decisions, to ensure their social acceptability. Formulas for determining toll charges, differ through Europe. So do criteria for selecting concession companies. In 1999, the main criteria used were these: 1) the amount of public subsidy required; 2) the credibility of the financial arrangements; 3) the project's technical quality; 4) the operating strategy, and price policy; and, 5) the reputation of the concession company (whether it has a construction company among its shareholders, for example). The increasingly frequent use of private funding, must be taken into account when defining the training required by personnel responsible for monitoring the concessions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/09/1614751/road-infrastructure-concession-practice-europe
dc.identifier.doi10.1596/1813-9450-2675
dc.identifier.urihttps://hdl.handle.net/10986/19553
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2675
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBRIDGE
dc.subjectBRIDGES
dc.subjectCARRIERS
dc.subjectCARS
dc.subjectCONCESSION
dc.subjectCONCESSION ARRANGEMENTS
dc.subjectCONCESSION COMPANY
dc.subjectCONCESSION CONTRACT
dc.subjectCONCESSION HOLDER
dc.subjectCONCESSION PERIOD
dc.subjectCONCESSION SYSTEM
dc.subjectCONCESSIONAIRE
dc.subjectCONCESSIONS
dc.subjectCONSTRUCTION
dc.subjectCONSTRUCTION
dc.subjectCONSTRUCTION AND OPERATION
dc.subjectCONSTRUCTION COMPANY
dc.subjectCONSTRUCTION PHASE
dc.subjectCONSTRUCTION WORK
dc.subjectCONTRACTORS
dc.subjectCOUNTERPART
dc.subjectCUSTOMS DUTIES
dc.subjectCYCLE LANES
dc.subjectDEBT
dc.subjectEUROPEAN ROAD
dc.subjectFERRIES
dc.subjectFRAMEWORK
dc.subjectFUNDING SOURCES
dc.subjectGOAL
dc.subjectHEAVY GOODS VEHICLE
dc.subjectHIGH LEVEL
dc.subjectHIGHWAY
dc.subjectHIGHWAY CONCESSIONS
dc.subjectINLAND WATERWAYS
dc.subjectITINERARY
dc.subjectLEVEL OF TRAFFIC
dc.subjectMAINTENANCE
dc.subjectMOTORWAYS
dc.subjectNATIONAL BUDGET
dc.subjectNATIONAL ROAD SYSTEM
dc.subjectNAVIGATION
dc.subjectNUMBER OF LANES
dc.subjectNUMBER OF VEHICLES
dc.subjectPASSENGER
dc.subjectPASSENGER TRANSPORT
dc.subjectPRIVATE CONCESSION
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC WORKS
dc.subjectRAILWAYS
dc.subjectRANGE
dc.subjectREFERENCE
dc.subjectROAD AUTHORITY
dc.subjectROAD CONCESSIONS
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD INVESTMENTS
dc.subjectROAD MAINTENANCE
dc.subjectROAD NETWORK
dc.subjectROAD SAFETY
dc.subjectROAD SYSTEM
dc.subjectROAD TOLLS
dc.subjectROAD TRAFFIC
dc.subjectROAD TRAFFIC CONDITIONS
dc.subjectROAD USER
dc.subjectROAD USERS
dc.subjectROUTE
dc.subjectROUTES
dc.subjectROUTING
dc.subjectSAFETY
dc.subjectSAVINGS
dc.subjectSHADOW TOLL
dc.subjectSHADOW TOLLS
dc.subjectSHAREHOLDERS
dc.subjectSHARING
dc.subjectSPREADING
dc.subjectTAX
dc.subjectTOLL COLLECTION
dc.subjectTOLL COLLECTION SYSTEM
dc.subjectTOLL LEVEL
dc.subjectTOLL MOTORWAYS
dc.subjectTOLL RATES
dc.subjectTOLL REVENUE
dc.subjectTOLL REVENUES
dc.subjectTOLL ROADS
dc.subjectTOLL SYSTEM
dc.subjectTOLL SYSTEMS
dc.subjectTOLLS
dc.subjectTOTAL LENGTH
dc.subjectTRAFFIC
dc.subjectTRAFFIC CONGESTION
dc.subjectTRAFFIC FLOW
dc.subjectTRAFFIC LEVELS
dc.subjectTRAFFIC MANAGEMENT
dc.subjectTRAFFIC REGULATION
dc.subjectTRANSPORT
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRAVEL TIMES
dc.subjectTRUCKS
dc.subjectTRUNK ROADS
dc.subjectTUNNEL
dc.subjectTUNNELS
dc.subjectURBAN TRANSPORT
dc.titleRoad Infrastructure Concession Practice in Europeen
dspace.entity.typePublication
okr.crossref.titleRoad Infrastructure Concession Practice in Europe
okr.date.disclosure2001-09-30
okr.date.doiregistration2025-04-10T09:33:53.194230Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2001/09/1614751/road-infrastructure-concession-practice-europe
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.guid266081468746678028
okr.identifier.doi10.1596/1813-9450-2675
okr.identifier.externaldocumentum000094946_0110030409435
okr.identifier.internaldocumentum1614751
okr.identifier.reportWPS2675
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/10/12/000094946_0110030409435/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.sectorHighways
okr.sectorTransportation
okr.topicTransport::Airports and Air Services
okr.topicBanks and Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Adjustment and Lending
okr.topicInformation and Communication Technologies::Information Technology
okr.topicRoads and Highways
okr.topicToll Roads
okr.topicPublic Sector Economics and Finance
okr.unitGovernance, Regulation, and Finance Division, World Bank Institute
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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