The Long and Winding Path to Private Financing and Regulation of Toll Roads

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Estache, Antonio
dc.contributor.author
Romero, Manuel
dc.contributor.author
Strong, John
dc.date.accessioned
2015-02-05T20:16:16Z
dc.date.available
2015-02-05T20:16:16Z
dc.date.issued
2000-06
dc.date.lastModified
2021-04-23T14:04:02Z
dc.description.abstract
Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue. There seems to be demand for toll roads in specific settings, but the problems met by many of this "first generation" of road concessions-from Mexico to Thailand-have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. The authors provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users.
en
dc.identifier.uri
http://hdl.handle.net/10986/21408
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 2387
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
access roads
dc.subject
accident
dc.subject
accident rates
dc.subject
airports
dc.subject
arterial roads
dc.subject
Asian Toll Road Development
dc.subject
Asian Toll Road Development Program
dc.subject
average daily traffic
dc.subject
black market in toll receipts
dc.subject
Bridge
dc.subject
bridges
dc.subject
bus
dc.subject
commercialization
dc.subject
concession process
dc.subject
concession program
dc.subject
concessionaire
dc.subject
concessionaires
dc.subject
congestion
dc.subject
congestion relievers
dc.subject
Construction
dc.subject
Construction
dc.subject
construction company
dc.subject
construction work
dc.subject
corridor
dc.subject
daily traffic
dc.subject
debt
dc.subject
decline in private toll roads
dc.subject
development roads
dc.subject
district roads
dc.subject
domestic passenger
dc.subject
economic growth
dc.subject
experience with toll roads
dc.subject
export
dc.subject
expressways
dc.subject
feeder network
dc.subject
Financing of Roads
dc.subject
flooding
dc.subject
freeways
dc.subject
freight
dc.subject
freight movements
dc.subject
gasoline tax
dc.subject
heavy traffic
dc.subject
heavy traffic demand
dc.subject
high traffic
dc.subject
highway
dc.subject
highway safety
dc.subject
highways
dc.subject
income
dc.subject
interchanges
dc.subject
interest costs
dc.subject
kilometers of toll roads
dc.subject
land acquisition
dc.subject
lighting columns
dc.subject
local authorities
dc.subject
macroeconomic conditions
dc.subject
maintenance
dc.subject
motor vehicles
dc.subject
motorways
dc.subject
municipalities
dc.subject
National Expressway Network
dc.subject
national governments
dc.subject
national road network
dc.subject
national roads
dc.subject
new toll road
dc.subject
number of lanes
dc.subject
number of vehicles
dc.subject
operation and maintenance
dc.subject
options for toll roads
dc.subject
parallel roads
dc.subject
passenger
dc.subject
passenger car unit
dc.subject
passenger movement
dc.subject
pavement
dc.subject
paving
dc.subject
pcu
dc.subject
peak periods
dc.subject
Piers
dc.subject
private operators
dc.subject
private participation
dc.subject
private roads
dc.subject
private sector
dc.subject
private sector concessions
dc.subject
private sector participation
dc.subject
private toll financing
dc.subject
private toll roads
dc.subject
provision of toll roads
dc.subject
public involvement
dc.subject
public sector
dc.subject
public toll financing
dc.subject
public toll roads
dc.subject
public works
dc.subject
railways
dc.subject
range
dc.subject
remote
dc.subject
revenue stream
dc.subject
risk management
dc.subject
road accidents
dc.subject
road capacity
dc.subject
road concessions
dc.subject
road construction
dc.subject
road design
dc.subject
Road Financing
dc.subject
road improvements
dc.subject
road infrastructure
dc.subject
road investment
dc.subject
road investments
dc.subject
road maintenance
dc.subject
road network
dc.subject
road networks
dc.subject
road sector
dc.subject
Road System
dc.subject
road systems
dc.subject
road traffic
dc.subject
Road transport
dc.subject
road users
dc.subject
route
dc.subject
routes
dc.subject
safety
dc.subject
safety regulation
dc.subject
signs
dc.subject
speed
dc.subject
structures
dc.subject
toll collection
dc.subject
toll evasion
dc.subject
Toll financing
dc.subject
toll free
dc.subject
toll revenue
dc.subject
toll revenue pooling
dc.subject
toll revenue pooling system
dc.subject
toll revenues
dc.subject
toll road
dc.subject
toll road concession
dc.subject
toll road development
dc.subject
toll road program
dc.subject
toll road projects
dc.subject
toll road system
dc.subject
toll roads
dc.subject
toll systems
dc.subject
tolling
dc.subject
tolls
dc.subject
traffic
dc.subject
traffic forecast
dc.subject
traffic forecasts
dc.subject
traffic growth
dc.subject
traffic levels
dc.subject
traffic predictions
dc.subject
traffic volume
dc.subject
traffic volumes
dc.subject
transfer concessions
dc.subject
transition economies
dc.subject
transportation
dc.subject
travel time
dc.subject
trips
dc.subject
trucking
dc.subject
trucks
dc.subject
tunnels
dc.subject
urban expressways
dc.subject
urban roads
dc.subject
urban routes
dc.subject
urbanization
dc.subject
vehicle operating costs
dc.subject
vehicles
dc.subject
toll roads & highways
dc.subject
private financing
dc.subject
government regulation
dc.subject
cost effectiveness
dc.subject
service delivery
dc.subject
financial forecast
dc.subject
payment of charges
dc.subject
risk management
dc.subject
political risk analysis
dc.subject
regulatory structure
dc.subject
dispute resolution
dc.subject
market competition
dc.subject
performance indicators
dc.subject
information requirements
dc.title
The Long and Winding Path to Private Financing and Regulation of Toll Roads
en
okr.date.disclosure
2000-06-30
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.globalpractice
Transport and ICT
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-2387
okr.identifier.report
WPS2387
okr.language.supported
en
okr.region.administrative
Latin America & Caribbean
okr.region.country
ARGENTINA
okr.region.country
Chile
okr.region.country
Peru
okr.region.geographical
Africa
okr.region.geographical
South Asia
okr.sector
Transportation
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic
Public Sector Development
okr.topic
Public Sector Development :: Decentralization
okr.topic
Transport
okr.topic
Transport :: Airports and Air Services
okr.topic
Urban Development :: Urban Services to the Poor
okr.unit
Governance, Regulation, and Finance unit of World Bank Institute

Show simple item record



This item appears in the following Collection(s)