Port Concessions in Chile : Contract Design to Promote Competition and Investment
The objective of Chile's port reform, is to encourage investments for improved port equipment, in the hope that this will lead to more efficient service, in part by attracting larger, more modern ships. The first four major concessions, under...
| Main Authors: | , |
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| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2000/10/729359/port-concessions-chile-contract-design-promote-competition-investment http://hdl.handle.net/10986/11418 |
| Summary: | The objective of Chile's port
reform, is to encourage investments for improved port
equipment, in the hope that this will lead to more efficient
service, in part by attracting larger, more modern ships.
The first four major concessions, under which integrated
terminals are run exclusively by private companies, started
operations in January 2000. The integrated approach to port
services replaces a system of free entry of multiple
stevedoring companies. This note reviews how the concessions
were designed: the criteria for the winning bids, the rules
to prevent concessionaires' abusing their monopoly
power, the rules to encourage investment, and the provisions
for redundant workers. |
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