Road Infrastructure Concession Practice in Europe
In a road infrastructure concession, a public authority grants specific rights to a private, or semi-public company to construct, overhaul, maintain, and operate infrastructure for a given period. By contract, the public authority charges that comp...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/09/1614751/road-infrastructure-concession-practice-europe http://hdl.handle.net/10986/19553 |
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okr-10986-19553 |
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| recordtype |
oai_dc |
| 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 |
BRIDGE BRIDGES CARRIERS CARS CONCESSION CONCESSION ARRANGEMENTS CONCESSION COMPANY CONCESSION CONTRACT CONCESSION HOLDER CONCESSION PERIOD CONCESSION SYSTEM CONCESSIONAIRE CONCESSIONS CONSTRUCTION CONSTRUCTION CONSTRUCTION AND OPERATION CONSTRUCTION COMPANY CONSTRUCTION PHASE CONSTRUCTION WORK CONTRACTORS COUNTERPART CUSTOMS DUTIES CYCLE LANES DEBT EUROPEAN ROAD FERRIES FRAMEWORK FUNDING SOURCES GOAL HEAVY GOODS VEHICLE HIGH LEVEL HIGHWAY HIGHWAY CONCESSIONS INLAND WATERWAYS ITINERARY LEVEL OF TRAFFIC MAINTENANCE MOTORWAYS NATIONAL BUDGET NATIONAL ROAD SYSTEM NAVIGATION NUMBER OF LANES NUMBER OF VEHICLES PASSENGER PASSENGER TRANSPORT PRIVATE CONCESSION PRIVATE SECTOR PUBLIC COMPANIES PUBLIC SECTOR PUBLIC TRANSPORT PUBLIC WORKS RAILWAYS RANGE REFERENCE ROAD AUTHORITY ROAD CONCESSIONS ROAD INFRASTRUCTURE ROAD INVESTMENTS ROAD MAINTENANCE ROAD NETWORK ROAD SAFETY ROAD SYSTEM ROAD TOLLS ROAD TRAFFIC ROAD TRAFFIC CONDITIONS ROAD USER ROAD USERS ROUTE ROUTES ROUTING SAFETY SAVINGS SHADOW TOLL SHADOW TOLLS SHAREHOLDERS SHARING SPREADING TAX TOLL COLLECTION TOLL COLLECTION SYSTEM TOLL LEVEL TOLL MOTORWAYS TOLL RATES TOLL REVENUE TOLL REVENUES TOLL ROADS TOLL SYSTEM TOLL SYSTEMS TOLLS TOTAL LENGTH TRAFFIC TRAFFIC CONGESTION TRAFFIC FLOW TRAFFIC LEVELS TRAFFIC MANAGEMENT TRAFFIC REGULATION TRANSPORT TRANSPORT INFRASTRUCTURE TRAVEL TIMES TRUCKS TRUNK ROADS TUNNEL TUNNELS URBAN TRANSPORT |
| spellingShingle |
BRIDGE BRIDGES CARRIERS CARS CONCESSION CONCESSION ARRANGEMENTS CONCESSION COMPANY CONCESSION CONTRACT CONCESSION HOLDER CONCESSION PERIOD CONCESSION SYSTEM CONCESSIONAIRE CONCESSIONS CONSTRUCTION CONSTRUCTION CONSTRUCTION AND OPERATION CONSTRUCTION COMPANY CONSTRUCTION PHASE CONSTRUCTION WORK CONTRACTORS COUNTERPART CUSTOMS DUTIES CYCLE LANES DEBT EUROPEAN ROAD FERRIES FRAMEWORK FUNDING SOURCES GOAL HEAVY GOODS VEHICLE HIGH LEVEL HIGHWAY HIGHWAY CONCESSIONS INLAND WATERWAYS ITINERARY LEVEL OF TRAFFIC MAINTENANCE MOTORWAYS NATIONAL BUDGET NATIONAL ROAD SYSTEM NAVIGATION NUMBER OF LANES NUMBER OF VEHICLES PASSENGER PASSENGER TRANSPORT PRIVATE CONCESSION PRIVATE SECTOR PUBLIC COMPANIES PUBLIC SECTOR PUBLIC TRANSPORT PUBLIC WORKS RAILWAYS RANGE REFERENCE ROAD AUTHORITY ROAD CONCESSIONS ROAD INFRASTRUCTURE ROAD INVESTMENTS ROAD MAINTENANCE ROAD NETWORK ROAD SAFETY ROAD SYSTEM ROAD TOLLS ROAD TRAFFIC ROAD TRAFFIC CONDITIONS ROAD USER ROAD USERS ROUTE ROUTES ROUTING SAFETY SAVINGS SHADOW TOLL SHADOW TOLLS SHAREHOLDERS SHARING SPREADING TAX TOLL COLLECTION TOLL COLLECTION SYSTEM TOLL LEVEL TOLL MOTORWAYS TOLL RATES TOLL REVENUE TOLL REVENUES TOLL ROADS TOLL SYSTEM TOLL SYSTEMS TOLLS TOTAL LENGTH TRAFFIC TRAFFIC CONGESTION TRAFFIC FLOW TRAFFIC LEVELS TRAFFIC MANAGEMENT TRAFFIC REGULATION TRANSPORT TRANSPORT INFRASTRUCTURE TRAVEL TIMES TRUCKS TRUNK ROADS TUNNEL TUNNELS URBAN TRANSPORT Bousquet, Franck Fayard, Alain Road Infrastructure Concession Practice in Europe |
| geographic_facet |
Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 2675 |
| description |
In a road infrastructure concession, a
public authority grants specific rights to a private, or
semi-public company to construct, overhaul, maintain, and
operate infrastructure for a given period. By contract, the
public authority charges that company with making the
investments needed to create the service at its own cost,
and to operate it at its own risk. The price paid to the
company comes from the service's users, the public
authority, or both. In 1999, out of roughly 51,000
kilometers of European motorways, about 17,000 kilometers
(33 percent) were concessioned - 16,400 kilometers by toll,
and 670 kilometers by shadow toll (design, build, finance,
and operate arrangements). Of these, 73 percent are managed
by the public sector, and 27 percent by private companies.
State-owned companies have been important in European
motorway concessions. Systems vary among countries, for
example, in how they share risks between the concession
authority, and the concession company. As the motorway
network has grown denser, attributing commercial risk has
become more difficult. Increasingly, public authorities must
play a greater regulatory role. Already, bad experiences
have made the private sector reluctant to bear the
commercial risk. Ant the commercial risk is sometimes too
great to be carried by the concession company alone.
Commercial risk should be controlled by mechanisms
incorporated in the contract, but control of the commercial
risk must not eliminate incentives. In addition to
safeguarding the community's interests, the public
concession authority, must increase citizen awareness about
concession decisions, to ensure their social acceptability.
Formulas for determining toll charges, differ through
Europe. So do criteria for selecting concession companies.
In 1999, the main criteria used were these: 1) the amount of
public subsidy required; 2) the credibility of the financial
arrangements; 3) the project's technical quality; 4)
the operating strategy, and price policy; and, 5) the
reputation of the concession company (whether it has a
construction company among its shareholders, for example).
The increasingly frequent use of private funding, must be
taken into account when defining the training required by
personnel responsible for monitoring the concessions. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bousquet, Franck Fayard, Alain |
| author_facet |
Bousquet, Franck Fayard, Alain |
| author_sort |
Bousquet, Franck |
| title |
Road Infrastructure Concession Practice in Europe |
| title_short |
Road Infrastructure Concession Practice in Europe |
| title_full |
Road Infrastructure Concession Practice in Europe |
| title_fullStr |
Road Infrastructure Concession Practice in Europe |
| title_full_unstemmed |
Road Infrastructure Concession Practice in Europe |
| title_sort |
road infrastructure concession practice in europe |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/09/1614751/road-infrastructure-concession-practice-europe http://hdl.handle.net/10986/19553 |
| _version_ |
1764439981919567872 |
| spelling |
okr-10986-195532021-04-23T14:03:43Z Road Infrastructure Concession Practice in Europe Bousquet, Franck Fayard, Alain BRIDGE BRIDGES CARRIERS CARS CONCESSION CONCESSION ARRANGEMENTS CONCESSION COMPANY CONCESSION CONTRACT CONCESSION HOLDER CONCESSION PERIOD CONCESSION SYSTEM CONCESSIONAIRE CONCESSIONS CONSTRUCTION CONSTRUCTION CONSTRUCTION AND OPERATION CONSTRUCTION COMPANY CONSTRUCTION PHASE CONSTRUCTION WORK CONTRACTORS COUNTERPART CUSTOMS DUTIES CYCLE LANES DEBT EUROPEAN ROAD FERRIES FRAMEWORK FUNDING SOURCES GOAL HEAVY GOODS VEHICLE HIGH LEVEL HIGHWAY HIGHWAY CONCESSIONS INLAND WATERWAYS ITINERARY LEVEL OF TRAFFIC MAINTENANCE MOTORWAYS NATIONAL BUDGET NATIONAL ROAD SYSTEM NAVIGATION NUMBER OF LANES NUMBER OF VEHICLES PASSENGER PASSENGER TRANSPORT PRIVATE CONCESSION PRIVATE SECTOR PUBLIC COMPANIES PUBLIC SECTOR PUBLIC TRANSPORT PUBLIC WORKS RAILWAYS RANGE REFERENCE ROAD AUTHORITY ROAD CONCESSIONS ROAD INFRASTRUCTURE ROAD INVESTMENTS ROAD MAINTENANCE ROAD NETWORK ROAD SAFETY ROAD SYSTEM ROAD TOLLS ROAD TRAFFIC ROAD TRAFFIC CONDITIONS ROAD USER ROAD USERS ROUTE ROUTES ROUTING SAFETY SAVINGS SHADOW TOLL SHADOW TOLLS SHAREHOLDERS SHARING SPREADING TAX TOLL COLLECTION TOLL COLLECTION SYSTEM TOLL LEVEL TOLL MOTORWAYS TOLL RATES TOLL REVENUE TOLL REVENUES TOLL ROADS TOLL SYSTEM TOLL SYSTEMS TOLLS TOTAL LENGTH TRAFFIC TRAFFIC CONGESTION TRAFFIC FLOW TRAFFIC LEVELS TRAFFIC MANAGEMENT TRAFFIC REGULATION TRANSPORT TRANSPORT INFRASTRUCTURE TRAVEL TIMES TRUCKS TRUNK ROADS TUNNEL TUNNELS URBAN TRANSPORT In a road infrastructure concession, a public authority grants specific rights to a private, or semi-public company to construct, overhaul, maintain, and operate infrastructure for a given period. By contract, the public authority charges that company with making the investments needed to create the service at its own cost, and to operate it at its own risk. The price paid to the company comes from the service's users, the public authority, or both. In 1999, out of roughly 51,000 kilometers of European motorways, about 17,000 kilometers (33 percent) were concessioned - 16,400 kilometers by toll, and 670 kilometers by shadow toll (design, build, finance, and operate arrangements). Of these, 73 percent are managed by the public sector, and 27 percent by private companies. State-owned companies have been important in European motorway concessions. Systems vary among countries, for example, in how they share risks between the concession authority, and the concession company. As the motorway network has grown denser, attributing commercial risk has become more difficult. Increasingly, public authorities must play a greater regulatory role. Already, bad experiences have made the private sector reluctant to bear the commercial risk. Ant the commercial risk is sometimes too great to be carried by the concession company alone. Commercial risk should be controlled by mechanisms incorporated in the contract, but control of the commercial risk must not eliminate incentives. In addition to safeguarding the community's interests, the public concession authority, must increase citizen awareness about concession decisions, to ensure their social acceptability. Formulas for determining toll charges, differ through Europe. So do criteria for selecting concession companies. In 1999, the main criteria used were these: 1) the amount of public subsidy required; 2) the credibility of the financial arrangements; 3) the project's technical quality; 4) the operating strategy, and price policy; and, 5) the reputation of the concession company (whether it has a construction company among its shareholders, for example). The increasingly frequent use of private funding, must be taken into account when defining the training required by personnel responsible for monitoring the concessions. 2014-08-21T16:50:03Z 2014-08-21T16:50:03Z 2001-09 http://documents.worldbank.org/curated/en/2001/09/1614751/road-infrastructure-concession-practice-europe http://hdl.handle.net/10986/19553 English en_US Policy Research Working Paper;No. 2675 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia |