Private Participation in the Road Sector in Brazil : Recent Evolution and Next Steps

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collection.link.256
https://openknowledge.worldbank.org/handle/10986/16994
collection.name.256
Transport Papers
dc.contributor.author
Véron, Adrien
dc.contributor.author
Cellier, Jacques
dc.date.accessioned
2014-03-28T15:21:27Z
dc.date.available
2014-03-28T15:21:27Z
dc.date.issued
2010-03
dc.date.lastModified
2021-04-23T14:03:36Z
dc.description.abstract
Today, Brazil has the second longest highway network under private concessions in the world. This paper analyzes Brazil's experience under the two first phases of the federal road concession program, and highlights some of the program's strengths and areas for further development. Despite the unfolding world financial and economic crisis, the potential for further private participation in the sector appears very good. This paper essentially argues that it may be time for Brazil to revamp its current models for private participation in the sector, which may soon reach their limit in terms of being able to meet efficiently the needs of a growing economy. In summary, Brazil could: 1) diversify its toll road model to allow for more innovative public-private partnership structures; 2) update its toll regulatory and contractual framework to overcome some of the design problems that have led to relatively inefficient tolling; 3) consolidate the institutional framework for road concessions to give a stabilized basis for further developments; 4) develop a policy framework adapted to the current Brazilian environment, taking into account the need to ensure harmonized levels of service and tolls across the country; and 5) adapt the sector financing framework to the rising capacity of private markets.
en
dc.identifier
http://documents.worldbank.org/curated/en/2010/03/12840727/private-participation-road-sector-brazil-recent-evolution-next-steps
dc.identifier.uri
http://hdl.handle.net/10986/17453
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Transport paper series;no. TP-30
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCELERATION
dc.subject
ACCESS TO INFORMATION
dc.subject
ACCIDENTS
dc.subject
ALLOCATION OF RISK
dc.subject
ALTERNATIVE ROUTE
dc.subject
ASSET CONDITION
dc.subject
AUCTION
dc.subject
AUCTIONS
dc.subject
AUTOMOBILE
dc.subject
AVERAGE TARIFFS
dc.subject
AVERAGE TRAFFIC SPEEDS
dc.subject
AVERAGE TRAVEL SPEEDS
dc.subject
AXLES
dc.subject
BIDDING PROCESS
dc.subject
BOOK VALUE
dc.subject
BOTTLENECK
dc.subject
BRIDGE
dc.subject
BUDGET CONSTRAINTS
dc.subject
BUSES
dc.subject
CAPITAL COSTS
dc.subject
CAPITAL INVESTMENT
dc.subject
CAPITAL INVESTMENTS
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL WORKS
dc.subject
CAR
dc.subject
CARRIAGEWAY
dc.subject
CARS
dc.subject
COLLECTION SYSTEMS
dc.subject
COMPETITIVE BIDDING
dc.subject
COMPETITIVE BIDDING PROCESS
dc.subject
CONCESSION CONTRACT
dc.subject
CONCESSION CONTRACTS
dc.subject
CONCESSION FRAMEWORK
dc.subject
CONCESSION MODEL
dc.subject
CONCESSIONAIRES
dc.subject
CONCESSIONS
dc.subject
CONGESTION
dc.subject
CONSTRUCTION
dc.subject
CONTRACT AWARD
dc.subject
CONTRACT DESIGN
dc.subject
CONTRACTUAL ARRANGEMENTS
dc.subject
CONTRACTUAL OBLIGATIONS
dc.subject
COST OF CAPITAL
dc.subject
COST OF ROAD USE
dc.subject
COST OF TRANSPORT
dc.subject
COST RECOVERY
dc.subject
COSTS OF ROAD USE
dc.subject
COSTS OF TRANSPORT
dc.subject
COUNTRY RISK
dc.subject
DAILY TRIPS
dc.subject
DEMAND FOR TRANSPORT
dc.subject
DISCOUNT RATE
dc.subject
DRIVERS
dc.subject
DUAL CARRIAGEWAYS
dc.subject
DUE DILIGENCE
dc.subject
DUE DILIGENCE PROCESS
dc.subject
ECONOMIC CRISIS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
EXPENDITURES
dc.subject
EXPRESSWAY NETWORK
dc.subject
EXPROPRIATION
dc.subject
FINANCIAL EQUILIBRIUM
dc.subject
FINANCIAL PERFORMANCE
dc.subject
FINANCIAL RESPONSIBILITY
dc.subject
FINANCIAL RETURNS
dc.subject
FINANCIAL RISK
dc.subject
FINANCIAL RISKS
dc.subject
FINANCIAL VIABILITY
dc.subject
FIXED COSTS
dc.subject
FOOTBRIDGES
dc.subject
FOREIGN FIRMS
dc.subject
FUEL
dc.subject
FUEL PRICES
dc.subject
FUTURE CONCESSIONS
dc.subject
GENERATION
dc.subject
GLOBALIZATION
dc.subject
GOVERNMENT PAYMENTS
dc.subject
HEAVY VEHICLE
dc.subject
HEAVY VEHICLES
dc.subject
HIGHWAY
dc.subject
HIGHWAY CAPACITY
dc.subject
HIGHWAY NETWORK
dc.subject
HIGHWAY NETWORKS
dc.subject
HIGHWAY PROGRAM
dc.subject
HIGHWAYS
dc.subject
INCOME
dc.subject
INFRASTRUCTURE INVESTMENTS
dc.subject
INITIAL PRICES
dc.subject
INTERNAL RATE OF RETURN
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL COMPETITIVENESS
dc.subject
INTERURBAN ROAD
dc.subject
INVESTMENT COSTS
dc.subject
INVESTMENT GRADE
dc.subject
INVESTMENT OBLIGATIONS
dc.subject
INVESTMENT PROGRAM
dc.subject
INVESTMENT REQUIREMENTS
dc.subject
LAND ACQUISITION
dc.subject
LAND TRANSPORT
dc.subject
LANES
dc.subject
LOGISTICS COSTS
dc.subject
LONG DISTANCE
dc.subject
LONG DISTANCE TRAFFIC
dc.subject
LONG-DISTANCE
dc.subject
LOW TARIFFS
dc.subject
MAIN ROAD
dc.subject
MAIN ROADS
dc.subject
MAINTENANCE COSTS
dc.subject
MARGINAL COSTS
dc.subject
MINIMUM REVENUE GUARANTEE
dc.subject
MINISTRY OF TRANSPORT
dc.subject
MOTORWAYS
dc.subject
NATIONAL INFRASTRUCTURE
dc.subject
NATIONAL TRANSPORT
dc.subject
ORIGINAL CONTRACT
dc.subject
PASSENGER
dc.subject
PASSENGER CARS
dc.subject
PASSENGERS
dc.subject
PAVEMENT
dc.subject
PAVEMENT STRUCTURE
dc.subject
PAVEMENTS
dc.subject
PAYMENT OBLIGATIONS
dc.subject
PERFORMANCE INDICATORS
dc.subject
PERFORMANCE TARGETS
dc.subject
PORTFOLIO
dc.subject
POTHOLES
dc.subject
POWER
dc.subject
PRESENT VALUE
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE FINANCING
dc.subject
PRIVATE INVESTMENTS
dc.subject
PRIVATE OPERATORS
dc.subject
PUBLIC PARTICIPATION
dc.subject
PUBLIC PRIVATE PARTNERSHIPS
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SECTOR PARTICIPATION
dc.subject
PUBLIC SPENDING
dc.subject
PUBLIC WORKS
dc.subject
RATE OF RETURN
dc.subject
RATE STRUCTURE
dc.subject
REGULATORY GOVERNANCE
dc.subject
RENEGOTIATION
dc.subject
RISK ALLOCATION
dc.subject
ROAD
dc.subject
ROAD CAPACITY
dc.subject
ROAD CONCESSION
dc.subject
ROAD CONCESSIONS
dc.subject
ROAD CONDITIONS
dc.subject
ROAD DEVELOPMENT
dc.subject
ROAD INFRASTRUCTURE
dc.subject
ROAD INVESTMENTS
dc.subject
ROAD MAINTENANCE
dc.subject
ROAD NETWORK
dc.subject
ROAD PROJECTS
dc.subject
ROAD QUALITY
dc.subject
ROAD REHABILITATION
dc.subject
ROAD SAFETY
dc.subject
ROAD SECTOR
dc.subject
ROAD SERVICES
dc.subject
ROAD SURFACE
dc.subject
ROAD TRANSPORT
dc.subject
ROAD USER
dc.subject
ROAD USERS
dc.subject
ROADS
dc.subject
ROADWAY
dc.subject
ROUGHNESS
dc.subject
ROUTE
dc.subject
ROUTES
dc.subject
SECONDARY MARKET
dc.subject
SERVICE LEVELS
dc.subject
SHADOW TOLLS
dc.subject
SHARE OF REVENUES
dc.subject
SHARING
dc.subject
SPEED
dc.subject
STOCK EXCHANGE
dc.subject
STOCK EXCHANGE LISTING
dc.subject
STREETS
dc.subject
STRUCTURES
dc.subject
TARIFF REVISIONS
dc.subject
TARIFF STRUCTURE
dc.subject
TEMPERATURE
dc.subject
TENDER PROCESS
dc.subject
THROUGH TRAFFIC
dc.subject
TOLL
dc.subject
TOLL COLLECTION
dc.subject
TOLL ESCALATION
dc.subject
TOLL PLAZA
dc.subject
TOLL PLAZAS
dc.subject
TOLL RATE FOR CARS
dc.subject
TOLL RATES
dc.subject
TOLL REVENUES
dc.subject
TOLL ROAD
dc.subject
TOLL ROAD CONCESSIONS
dc.subject
TOLL ROADS
dc.subject
TOLL STRUCTURE
dc.subject
TOLL SYSTEM
dc.subject
TOLLS
dc.subject
TRAFFIC
dc.subject
TRAFFIC DEMAND
dc.subject
TRAFFIC FORECASTS
dc.subject
TRAFFIC GROWTH
dc.subject
TRAFFIC LEVEL
dc.subject
TRAFFIC LEVELS
dc.subject
TRAFFIC RISK
dc.subject
TRAFFIC SAFETY
dc.subject
TRAFFIC VOLUME
dc.subject
TRAFFIC VOLUMES
dc.subject
TRAFFIC ­LEVELS
dc.subject
TRANSIT
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
TRANSPORT COSTS
dc.subject
TRANSPORT DEMAND
dc.subject
TRANSPORT INFRASTRUCTURE
dc.subject
TRANSPORT INVESTMENTS
dc.subject
TRANSPORT MODE
dc.subject
TRANSPORT PLANNING
dc.subject
TRANSPORT POLICIES
dc.subject
TRANSPORT REGULATION
dc.subject
TRANSPORT SECTOR
dc.subject
TRUCKS
dc.subject
TRUE
dc.subject
TUNNELS
dc.subject
UNDERPINNING
dc.subject
URBAN SPRAWL
dc.subject
URBAN TRAFFIC
dc.subject
USER TARIFF
dc.subject
UTILITIES
dc.subject
UTILITY REGULATION
dc.subject
VEHICLE CATEGORY
dc.subject
VEHICLE TYPES
dc.subject
VIADUCTS
dc.subject
VOLUME OF TRAFFIC
dc.title
Private Participation in the Road Sector in Brazil : Recent Evolution and Next Steps
en
dc.title.alternative
Participacao privada no setor rodoviario no Brasil Evolucao recente e proximos passos : adrien veron e jacques cellier
en
okr.date.disclosure
2010-10-07
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2010/03/12840727/private-participation-road-sector-brazil-recent-evolution-next-steps
okr.globalpractice
Transport and ICT
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20101007014638
okr.identifier.internaldocumentum
12840727
okr.identifier.report
56956
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/10/07/000356161_20101007014638/Rendered/PDF/569560NWP0Tran10Box353751B01PUBLIC1.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.country
Brazil
okr.sector
Transportation :: Roads and highways
okr.sector
Public Administration, Law, and Justice :: General public administration sector
okr.topic
Infrastructure Economics and Finance :: Infrastructure Economics
okr.topic
Roads and Highways
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Toll Roads
okr.topic
Transport Economics Policy and Planning
okr.topic
Transport
okr.volume
1 of 1

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