Erschienen:
Washington, D.C: The World Bank, 2011
2011
Umfang:
Online-Ressource (17 p)
Sprache:
Englisch
DOI:
10.1596/1813-9450-5567
Identifikator:
Reproduktionsreihe:
World Bank eLibrary
Entstehung:
Anmerkungen:
Beschreibung:
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