Results of Railway Privatization in Latin America
This paper reviews the performance of railway concessions in Latin America over the period extending from the initial Argentina concessions in 1991-1993 through 2004. The bulk of the concessioning processes described herein were supported by the Wo...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/09/6363865/results-railway-privatization-latin-america http://hdl.handle.net/10986/17404 |
| id |
okr-10986-17404 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-174042021-04-23T14:03:36Z Results of Railway Privatization in Latin America Sharp, Richard ACCESSIBILITY CEMENT COMMUTER SERVICES DEFICITS DEVELOPMENT BANKS ECONOMIC CONDITIONS EFFICIENCY IMPROVEMENTS FINANCIAL STABILITY FISCAL PROBLEMS FRAMEWORK FREIGHT FREIGHT CONCESSIONS FREIGHT OPERATIONS FREIGHT OPERATORS FREIGHT RAIL CONCESSIONS FREIGHT RAILWAYS FREIGHT TRAFFIC FREIGHT USERS HIGHWAYS HORIZONTAL SEPARATION INFRASTRUCTURE IMPROVEMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INVESTMENT IN RAILWAYS LAND TRANSPORT LATIN AMERICAN LAWS LEGAL CHALLENGE LEGAL FRAMEWORK LEGAL PROVISION LOCAL AUTHORITIES LOCAL ENTERPRISES MARKET CONDITIONS NOW ACCOUNTS OPERATING RIGHTS PASSENGER RAIL PASSENGER SERVICES PORTS PPP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR PARTICIPATION PRODUCTIVE EFFICIENCY PRODUCTIVITY PUBLIC DEBT PUBLIC POLICY PUBLIC RAILWAYS RAIL RAIL ASSETS RAIL CONCESSIONS RAIL FREIGHT RAIL FREIGHT TARIFFS RAIL FREIGHT TRAFFIC RAIL INFRASTRUCTURE RAIL LINE RAIL LINES RAIL MARKET SHARE RAIL NETWORK RAIL NETWORKS RAIL PASSENGER RAIL PASSENGER TRAFFIC RAIL SECTOR RAIL SYSTEM RAIL SYSTEMS RAIL TRAFFIC RAIL TRANSPORT RAILROAD RAILWAY RAILWAY CAPACITY RAILWAY CONCESSIONS RAILWAY FREIGHT RAILWAY INFRASTRUCTURE RAILWAY NETWORKS RAILWAY OPERATIONS RAILWAY PERFORMANCE RAILWAY PRIVATIZATION RAILWAY PROJECTS RAILWAY REFORM RAILWAY SECTOR RAILWAY TRAFFIC RAILWAYS RAILWAYS PRIVATIZATION RAILWAYS TRAFFIC GROWTH RATE CHANGES ROUTES SAFETY SERVICE QUALITY SHARING SOUTH AMERICAN STEEL SUBSIDIARIES TECHNICAL EFFICIENCY TOLL ROAD PROJECTS TOLL ROADS TRACK TRACKAGE TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN SPEEDS TRANSPORT INFRASTRUCTURE TRANSPORT SECTOR TRANSPORTATION URBAN DEVELOPMENT UTILITIES This paper reviews the performance of railway concessions in Latin America over the period extending from the initial Argentina concessions in 1991-1993 through 2004. The bulk of the concessioning processes described herein were supported by the World Bank. Now over a decade since rail concessioning in Latin America began, the overall assessment of its results is positive, particularly for freight railways. Railway traffic volumes have climbed, with some improvements in surface transport market share. Although numerous data problems exist, measures of productive efficiency almost uniformly show post-concession improvements in cargo transport. Effects on rail rates and service levels have generally received positive reviews. Evidence is less extensive for passenger services, mostly because concessioning was largely limited to commuter services in Argentina and Brazil and because such concessions must be evaluated in terms of complex subsidy and regulated pricing regimes, rather than as market-based private enterprises. Railway concessions have not revived uneconomic intercity passenger services, nor has there been much effort to do so. iii. While concessioning brought impressive improvements in labor productivity and other efficiency measures, results have been not quite as dramatic as they are sometimes portrayed. This is in part because the initial concessions took place in the volatile Argentina economy, where a precipitous decline in the rail sector just prior to concessioning was followed by a dramatic post-concession revival. Elsewhere the decline in the rail sector was not as severe as in Argentina, nor was the recovery so rapid. 2014-03-26T17:30:11Z 2014-03-26T17:30:11Z 2005-09 http://documents.worldbank.org/curated/en/2005/09/6363865/results-railway-privatization-latin-america http://hdl.handle.net/10986/17404 English en_US Transport Papers series;no. TP-6 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESSIBILITY CEMENT COMMUTER SERVICES DEFICITS DEVELOPMENT BANKS ECONOMIC CONDITIONS EFFICIENCY IMPROVEMENTS FINANCIAL STABILITY FISCAL PROBLEMS FRAMEWORK FREIGHT FREIGHT CONCESSIONS FREIGHT OPERATIONS FREIGHT OPERATORS FREIGHT RAIL CONCESSIONS FREIGHT RAILWAYS FREIGHT TRAFFIC FREIGHT USERS HIGHWAYS HORIZONTAL SEPARATION INFRASTRUCTURE IMPROVEMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INVESTMENT IN RAILWAYS LAND TRANSPORT LATIN AMERICAN LAWS LEGAL CHALLENGE LEGAL FRAMEWORK LEGAL PROVISION LOCAL AUTHORITIES LOCAL ENTERPRISES MARKET CONDITIONS NOW ACCOUNTS OPERATING RIGHTS PASSENGER RAIL PASSENGER SERVICES PORTS PPP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR PARTICIPATION PRODUCTIVE EFFICIENCY PRODUCTIVITY PUBLIC DEBT PUBLIC POLICY PUBLIC RAILWAYS RAIL RAIL ASSETS RAIL CONCESSIONS RAIL FREIGHT RAIL FREIGHT TARIFFS RAIL FREIGHT TRAFFIC RAIL INFRASTRUCTURE RAIL LINE RAIL LINES RAIL MARKET SHARE RAIL NETWORK RAIL NETWORKS RAIL PASSENGER RAIL PASSENGER TRAFFIC RAIL SECTOR RAIL SYSTEM RAIL SYSTEMS RAIL TRAFFIC RAIL TRANSPORT RAILROAD RAILWAY RAILWAY CAPACITY RAILWAY CONCESSIONS RAILWAY FREIGHT RAILWAY INFRASTRUCTURE RAILWAY NETWORKS RAILWAY OPERATIONS RAILWAY PERFORMANCE RAILWAY PRIVATIZATION RAILWAY PROJECTS RAILWAY REFORM RAILWAY SECTOR RAILWAY TRAFFIC RAILWAYS RAILWAYS PRIVATIZATION RAILWAYS TRAFFIC GROWTH RATE CHANGES ROUTES SAFETY SERVICE QUALITY SHARING SOUTH AMERICAN STEEL SUBSIDIARIES TECHNICAL EFFICIENCY TOLL ROAD PROJECTS TOLL ROADS TRACK TRACKAGE TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN SPEEDS TRANSPORT INFRASTRUCTURE TRANSPORT SECTOR TRANSPORTATION URBAN DEVELOPMENT UTILITIES |
| spellingShingle |
ACCESSIBILITY CEMENT COMMUTER SERVICES DEFICITS DEVELOPMENT BANKS ECONOMIC CONDITIONS EFFICIENCY IMPROVEMENTS FINANCIAL STABILITY FISCAL PROBLEMS FRAMEWORK FREIGHT FREIGHT CONCESSIONS FREIGHT OPERATIONS FREIGHT OPERATORS FREIGHT RAIL CONCESSIONS FREIGHT RAILWAYS FREIGHT TRAFFIC FREIGHT USERS HIGHWAYS HORIZONTAL SEPARATION INFRASTRUCTURE IMPROVEMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURE SERVICES INVESTMENT IN RAILWAYS LAND TRANSPORT LATIN AMERICAN LAWS LEGAL CHALLENGE LEGAL FRAMEWORK LEGAL PROVISION LOCAL AUTHORITIES LOCAL ENTERPRISES MARKET CONDITIONS NOW ACCOUNTS OPERATING RIGHTS PASSENGER RAIL PASSENGER SERVICES PORTS PPP PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR PARTICIPATION PRODUCTIVE EFFICIENCY PRODUCTIVITY PUBLIC DEBT PUBLIC POLICY PUBLIC RAILWAYS RAIL RAIL ASSETS RAIL CONCESSIONS RAIL FREIGHT RAIL FREIGHT TARIFFS RAIL FREIGHT TRAFFIC RAIL INFRASTRUCTURE RAIL LINE RAIL LINES RAIL MARKET SHARE RAIL NETWORK RAIL NETWORKS RAIL PASSENGER RAIL PASSENGER TRAFFIC RAIL SECTOR RAIL SYSTEM RAIL SYSTEMS RAIL TRAFFIC RAIL TRANSPORT RAILROAD RAILWAY RAILWAY CAPACITY RAILWAY CONCESSIONS RAILWAY FREIGHT RAILWAY INFRASTRUCTURE RAILWAY NETWORKS RAILWAY OPERATIONS RAILWAY PERFORMANCE RAILWAY PRIVATIZATION RAILWAY PROJECTS RAILWAY REFORM RAILWAY SECTOR RAILWAY TRAFFIC RAILWAYS RAILWAYS PRIVATIZATION RAILWAYS TRAFFIC GROWTH RATE CHANGES ROUTES SAFETY SERVICE QUALITY SHARING SOUTH AMERICAN STEEL SUBSIDIARIES TECHNICAL EFFICIENCY TOLL ROAD PROJECTS TOLL ROADS TRACK TRACKAGE TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN SPEEDS TRANSPORT INFRASTRUCTURE TRANSPORT SECTOR TRANSPORTATION URBAN DEVELOPMENT UTILITIES Sharp, Richard Results of Railway Privatization in Latin America |
| geographic_facet |
Latin America & Caribbean |
| relation |
Transport Papers series;no. TP-6 |
| description |
This paper reviews the performance of
railway concessions in Latin America over the period
extending from the initial Argentina concessions in
1991-1993 through 2004. The bulk of the concessioning
processes described herein were supported by the World Bank.
Now over a decade since rail concessioning in Latin America
began, the overall assessment of its results is positive,
particularly for freight railways. Railway traffic volumes
have climbed, with some improvements in surface transport
market share. Although numerous data problems exist,
measures of productive efficiency almost uniformly show
post-concession improvements in cargo transport. Effects on
rail rates and service levels have generally received
positive reviews. Evidence is less extensive for passenger
services, mostly because concessioning was largely limited
to commuter services in Argentina and Brazil and because
such concessions must be evaluated in terms of complex
subsidy and regulated pricing regimes, rather than as
market-based private enterprises. Railway concessions have
not revived uneconomic intercity passenger services, nor has
there been much effort to do so. iii. While concessioning
brought impressive improvements in labor productivity and
other efficiency measures, results have been not quite as
dramatic as they are sometimes portrayed. This is in part
because the initial concessions took place in the volatile
Argentina economy, where a precipitous decline in the rail
sector just prior to concessioning was followed by a
dramatic post-concession revival. Elsewhere the decline in
the rail sector was not as severe as in Argentina, nor was
the recovery so rapid. |
| format |
Publications & Research :: Working Paper |
| author |
Sharp, Richard |
| author_facet |
Sharp, Richard |
| author_sort |
Sharp, Richard |
| title |
Results of Railway Privatization in Latin America |
| title_short |
Results of Railway Privatization in Latin America |
| title_full |
Results of Railway Privatization in Latin America |
| title_fullStr |
Results of Railway Privatization in Latin America |
| title_full_unstemmed |
Results of Railway Privatization in Latin America |
| title_sort |
results of railway privatization in latin america |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2005/09/6363865/results-railway-privatization-latin-america http://hdl.handle.net/10986/17404 |
| _version_ |
1764436560952950784 |