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Concessions in transport (Inglês)

This paper considers world wide experience with a restricted range of the spectrum of options for private participation in the supply of transport infrastructure and services. That range, which is termed 'concessions,' covers situations where the government retains ultimate ownership of either the physical assets or the right to supply, but grants exploitation rights to a concessionaire. The concessionaire takes a large part of the commercial risk during the period of the concession. These 'concessions' include leasing, franchising, and BOT (build, operate, transfer) arrangements. One major concern in selecting an appropriate structure for private participation is the importance of securing effective competition. Another is the selection of the concession structure. The fundamentals of the concession process considered in this paper include prequalification requirements, performance specifications, bid evaluation methods, the treatment of public service obligations and termination arrangements. The role of the government in the process is analyzed, with particular emphasis given to means of ensuring that the limited duration of the concession does not produce inefficiencies in operations or interruptions in the continuity of service or investment supply.

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