Global Trend to Railway Concessions Delivering Positive Results
The authors review a number of recent innovative rail concessions. Each country has approached its problems differently, and each provides different insights into what can be achieved with concessions. But all the cases show that restructuring and...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1997/12/441722/global-trend-railway-concessions-delivering-positive-results http://hdl.handle.net/10986/11563 |
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okr-10986-115632021-06-14T11:03:53Z Global Trend to Railway Concessions Delivering Positive Results Thompson, Louis S. Budin, Karim-Jacques CONCESSIONS RAILWAYS PRIVATE SECTOR CASE STUDIES PUBLIC INVESTMENTS PRIVATE INVESTMENTS PUBLIC ENTERPRISES UNEMPLOYMENT RISK MANAGEMENT PUBLIC SERVICES PRICING ENVIRONMENTAL MANAGEMENT TARIFFS SUBSIDIES DENATIONALIZATION TRANSPORT INFRASTRUCTURE FREIGHT PASSENGER TRANSPORT ACCIDENT ACCIDENTS ACCOUNTING AIR TRAVEL ASSETS CARRIERS CITIES COMMUTER RAIL CONCESSION AGREEMENT CONCESSIONAIRE DEBT EMPLOYMENT FARES FEDERAL RAILWAY FREIGHT FREIGHT CONCESSIONS FREIGHT SERVICES HANDLING HIGHWAYS INCOME LOCOMOTIVE AVAILABILITY LOCOMOTIVES MOTIVE POWER NET PRESENT VALUE OPERATING EFFICIENCY PASSENGER SERVICES PASSENGER TRAFFIC PRIVATIZATION PRODUCTIVITY PUBLIC ENTERPRISES RAIL RAIL CONCESSIONS RAIL NETWORKS RAIL PASSENGER RAIL SERVICES RAIL TRAFFIC RAILROAD RAILWAY RAILWAY CONCESSIONS RAILWAYS RAILWAYS ADVISER RETIREMENT ROADBED ROLLING STOCK SAFETY SEVERANCE PAYMENTS SHARING SOCIAL SERVICES SPEED TERMINAL TRACK TRACKS TRAINS TRANSPORT TRUCKS URBAN SERVICES The authors review a number of recent innovative rail concessions. Each country has approached its problems differently, and each provides different insights into what can be achieved with concessions. But all the cases show that restructuring and substantial government investment in the design of a concession pay off. Concessionaires can do exactly what is expected-increase traffic, improve service, and enhance labor and asset efficiency if they are allowed to do so. A growing number of companies and consortiums are interested in investing in railway concessions if the concessions are offered on reasonable terms. And because both "positive" (where the concessionaire pays the government an agreed sum for the concession rights) and "negative" (where the government pays the concessionaire to operate and maintain the property) concessions are possible, loss-making but socially necessary services can also be concessioned. Perhaps the most important innovation in railway organization over the next few decades will be in the European Union. Regulatory changes have ignited a clear trend in the EU toward institutional separation of infrastructure from operations because infrastructure is seen as a state responsibility while operations (except for social services) are seen as commercial. One eventual result of institutional separation will be franchising or even privatization of most freight services and possibly intercity passenger services. 2012-08-13T15:24:19Z 2012-08-13T15:24:19Z 1997-12 http://documents.worldbank.org/curated/en/1997/12/441722/global-trend-railway-concessions-delivering-positive-results http://hdl.handle.net/10986/11563 English Viewpoint: Public Policy for the Private Sector; Note No. 134 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Latin America & Caribbean Africa Europe and Central Asia Cote d'Ivoire Argentina Burkina Faso Mexico Switzerland Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CONCESSIONS RAILWAYS PRIVATE SECTOR CASE STUDIES PUBLIC INVESTMENTS PRIVATE INVESTMENTS PUBLIC ENTERPRISES UNEMPLOYMENT RISK MANAGEMENT PUBLIC SERVICES PRICING ENVIRONMENTAL MANAGEMENT TARIFFS SUBSIDIES DENATIONALIZATION TRANSPORT INFRASTRUCTURE FREIGHT PASSENGER TRANSPORT ACCIDENT ACCIDENTS ACCOUNTING AIR TRAVEL ASSETS CARRIERS CITIES COMMUTER RAIL CONCESSION AGREEMENT CONCESSIONAIRE DEBT EMPLOYMENT FARES FEDERAL RAILWAY FREIGHT FREIGHT CONCESSIONS FREIGHT SERVICES HANDLING HIGHWAYS INCOME LOCOMOTIVE AVAILABILITY LOCOMOTIVES MOTIVE POWER NET PRESENT VALUE OPERATING EFFICIENCY PASSENGER SERVICES PASSENGER TRAFFIC PRIVATIZATION PRODUCTIVITY PUBLIC ENTERPRISES RAIL RAIL CONCESSIONS RAIL NETWORKS RAIL PASSENGER RAIL SERVICES RAIL TRAFFIC RAILROAD RAILWAY RAILWAY CONCESSIONS RAILWAYS RAILWAYS ADVISER RETIREMENT ROADBED ROLLING STOCK SAFETY SEVERANCE PAYMENTS SHARING SOCIAL SERVICES SPEED TERMINAL TRACK TRACKS TRAINS TRANSPORT TRUCKS URBAN SERVICES |
| spellingShingle |
CONCESSIONS RAILWAYS PRIVATE SECTOR CASE STUDIES PUBLIC INVESTMENTS PRIVATE INVESTMENTS PUBLIC ENTERPRISES UNEMPLOYMENT RISK MANAGEMENT PUBLIC SERVICES PRICING ENVIRONMENTAL MANAGEMENT TARIFFS SUBSIDIES DENATIONALIZATION TRANSPORT INFRASTRUCTURE FREIGHT PASSENGER TRANSPORT ACCIDENT ACCIDENTS ACCOUNTING AIR TRAVEL ASSETS CARRIERS CITIES COMMUTER RAIL CONCESSION AGREEMENT CONCESSIONAIRE DEBT EMPLOYMENT FARES FEDERAL RAILWAY FREIGHT FREIGHT CONCESSIONS FREIGHT SERVICES HANDLING HIGHWAYS INCOME LOCOMOTIVE AVAILABILITY LOCOMOTIVES MOTIVE POWER NET PRESENT VALUE OPERATING EFFICIENCY PASSENGER SERVICES PASSENGER TRAFFIC PRIVATIZATION PRODUCTIVITY PUBLIC ENTERPRISES RAIL RAIL CONCESSIONS RAIL NETWORKS RAIL PASSENGER RAIL SERVICES RAIL TRAFFIC RAILROAD RAILWAY RAILWAY CONCESSIONS RAILWAYS RAILWAYS ADVISER RETIREMENT ROADBED ROLLING STOCK SAFETY SEVERANCE PAYMENTS SHARING SOCIAL SERVICES SPEED TERMINAL TRACK TRACKS TRAINS TRANSPORT TRUCKS URBAN SERVICES Thompson, Louis S. Budin, Karim-Jacques Global Trend to Railway Concessions Delivering Positive Results |
| geographic_facet |
Latin America & Caribbean Africa Europe and Central Asia Cote d'Ivoire Argentina Burkina Faso Mexico Switzerland Brazil |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 134 |
| description |
The authors review a number of recent
innovative rail concessions. Each country has approached its
problems differently, and each provides different insights
into what can be achieved with concessions. But all the
cases show that restructuring and substantial government
investment in the design of a concession pay off.
Concessionaires can do exactly what is expected-increase
traffic, improve service, and enhance labor and asset
efficiency if they are allowed to do so. A growing number of
companies and consortiums are interested in investing in
railway concessions if the concessions are offered on
reasonable terms. And because both "positive"
(where the concessionaire pays the government an agreed sum
for the concession rights) and "negative" (where
the government pays the concessionaire to operate and
maintain the property) concessions are possible, loss-making
but socially necessary services can also be concessioned.
Perhaps the most important innovation in railway
organization over the next few decades will be in the
European Union. Regulatory changes have ignited a clear
trend in the EU toward institutional separation of
infrastructure from operations because infrastructure is
seen as a state responsibility while operations (except for
social services) are seen as commercial. One eventual result
of institutional separation will be franchising or even
privatization of most freight services and possibly
intercity passenger services. |
| format |
Publications & Research :: Viewpoint |
| author |
Thompson, Louis S. Budin, Karim-Jacques |
| author_facet |
Thompson, Louis S. Budin, Karim-Jacques |
| author_sort |
Thompson, Louis S. |
| title |
Global Trend to Railway Concessions Delivering Positive Results |
| title_short |
Global Trend to Railway Concessions Delivering Positive Results |
| title_full |
Global Trend to Railway Concessions Delivering Positive Results |
| title_fullStr |
Global Trend to Railway Concessions Delivering Positive Results |
| title_full_unstemmed |
Global Trend to Railway Concessions Delivering Positive Results |
| title_sort |
global trend to railway concessions delivering positive results |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1997/12/441722/global-trend-railway-concessions-delivering-positive-results http://hdl.handle.net/10986/11563 |
| _version_ |
1764417186623913984 |