Publication: Designing Toll Road Concessions : Lessons from Argentina
Date
1996-12
ISSN
Published
1996-12
Author(s)
Estache, Antonio
Carbajo, Jose
Abstract
Argentina began to concession its
intercity highways and the access roads to Buenos Aires in
the early 1990s. It first offered the intercity highways for
competitive bids, setting the terms, the tolls, and the
service levels and basing bid selection primarily on the
rental offered for the infrastructure. When it concessioned
the access roads in a second round, it set the terms and the
investments and selected the bid offering the lowest tolls.
The results so far have been mixed. Investment has lagged,
but maintenance of the intercity highways has improved. The
authors review the lessons from this experience and identify
some of the challenges for future concessions: following
clear and simple rules in the bidding process, establishing
clear rules for renegotiation, and strengthening regulatory capacity.
Citation
“Estache, Antonio; Carbajo, Jose. 1996. Designing Toll Road Concessions : Lessons from Argentina. Viewpoint: Public Policy for the Private Sector; Note No. 99. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/f7a0eaeb-3b81-5aec-a6cc-126edb63eb78 License: CC BY 3.0 IGO.”
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