Click here for search results
The highway concession system in Italy : history, regulation and politics
 
Author:Limodio, Nicola; Collection Title:Policy Research working paper ; no. WPS 5567
Country:Italy; Date Stored:2011/02/14
Document Date:2011/02/01Document Type:Policy Research Working Paper
SubTopics:Bankruptcy and Resolution of Financial Distress; Transport Economics Policy & Planning; Debt Markets; Roads & Highways; Infrastructure EconomicsLanguage:English
Region:Europe and Central AsiaReport Number:WPS5567
Volume No:1 of 1  

Summary: This paper contains a critical discussion of the opening of the highway concession to the private sector in Italy over the past 20 years. It describes the political context, legal mechanisms and regulatory settings; offers an analysis of the changes in the equity composition of concessionaires after the introduction of public-private partnerships, quality standards, and tariff dynamics; and provides some examples. The Italian experience reflects the typical problems of the "build-now-regulate-later" approach recognized in the highway public-private partnership literature. The Italian model is also characterized by the existence of an overly complex regulatory framework, as well as the lack of a single agent in charge of contract enforcement and independent data collection. <BR>

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 17 pagesOfficial version*1.19 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/1W62C07TA0