Road Concessions: Lessons Learned from the Experience of Four Countries
By Paulina Beato (12/97, IFM-110/97, En, Es) See also Infrastructure and Financial Markets
The objective of this paper is to analyze some issues and challenges related to private toll road developments in Latin American countries and explore new schemes to mitigate some problems that often appear in road concessions. The paper is illustrated with the regulations of four countries and four concession contracts. The concessions are Acceso Norte in Buenos Aires, Argentina; El Cortijo-el Vino in Colombia; Talca-Chillán in Chile; and Ruta Interbalnearia between Montevideo y Punta del Este in Uruguay.
The paper is organized into four sections. Section I presents an introduction to the topic. Section II discusses the main issues surrounding road concessions, including the legal framework for private sector involvement in road services, the features of concessionaires, the criteria for selecting proposals, main risks of toll roads, public guarantees and contributions in concession contracts, and financial issues of concessionaire companies. Section III discusses alternative mechanisms for private sector involvement in road construction and operation. Finally, Section IV summarized the lessons learned.
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Last updated: 05/08/07
