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Results of Railway Privatization in Latin America

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dc.contributor.author Sharp, Richard
dc.date.accessioned 2014-03-26T17:30:11Z
dc.date.available 2014-03-26T17:30:11Z
dc.date.issued 2005-09
dc.identifier.uri http://hdl.handle.net/10986/17404
dc.description.abstract 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. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Transport Papers series;no. TP-6
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject LATIN AMERICAN
dc.subject DEVELOPMENT BANKS
dc.subject UTILITIES
dc.subject ROUTES
dc.subject PUBLIC RAILWAYS
dc.subject ECONOMIC CONDITIONS
dc.subject RAILWAYS TRAFFIC GROWTH
dc.subject SAFETY
dc.subject TRAIN SPEEDS
dc.subject PRODUCTIVITY
dc.subject RATE CHANGES
dc.subject HIGHWAYS
dc.subject MARKET CONDITIONS
dc.subject LAND TRANSPORT
dc.subject RAILWAY NETWORKS
dc.subject RAIL NETWORKS
dc.subject TRAFFIC VOLUMES
dc.subject COMMUTER SERVICES
dc.subject LEGAL PROVISION
dc.subject TRANSPORT INFRASTRUCTURE
dc.subject FREIGHT USERS
dc.subject RAILWAY INFRASTRUCTURE
dc.subject RAIL INFRASTRUCTURE
dc.subject FREIGHT OPERATORS
dc.subject RAIL SECTOR
dc.subject URBAN DEVELOPMENT
dc.subject RAIL FREIGHT TRAFFIC
dc.subject RAILWAYS PRIVATIZATION
dc.subject RAIL SYSTEM
dc.subject RAIL TRANSPORT
dc.subject RAIL LINES
dc.subject PASSENGER RAIL
dc.subject RAIL PASSENGER
dc.subject RAIL FREIGHT TARIFFS
dc.subject RAILWAY CAPACITY
dc.subject INFRASTRUCTURE SERVICES
dc.subject PUBLIC DEBT
dc.subject LOCAL AUTHORITIES
dc.subject PRIVATE SECTOR INVESTMENT
dc.subject RAIL CONCESSIONS
dc.subject LOCAL ENTERPRISES
dc.subject RAILWAYS
dc.subject SERVICE QUALITY
dc.subject RAIL ASSETS
dc.subject RAILWAY PERFORMANCE
dc.subject TRAFFIC VOLUME
dc.subject RAILWAY PROJECTS
dc.subject INFRASTRUCTURE IMPROVEMENT
dc.subject LEGAL FRAMEWORK
dc.subject RAILWAY FREIGHT
dc.subject PRIVATE SECTOR
dc.subject RAILWAY REFORM
dc.subject INVESTMENT IN RAILWAYS
dc.subject DEFICITS
dc.subject PUBLIC POLICY
dc.subject RAILWAY TRAFFIC
dc.subject PRIVATE SECTOR PARTICIPATION
dc.subject HORIZONTAL SEPARATION
dc.subject SUBSIDIARIES
dc.subject RAIL
dc.subject RAIL FREIGHT
dc.subject RAIL SYSTEMS
dc.subject TRANSPORTATION
dc.subject FREIGHT RAILWAYS
dc.subject ACCESSIBILITY
dc.subject RAILWAY CONCESSIONS
dc.subject RAILWAY OPERATIONS
dc.subject RAIL NETWORK
dc.subject RAIL PASSENGER TRAFFIC
dc.subject TOLL ROAD PROJECTS
dc.subject RAIL MARKET SHARE
dc.subject RAILWAY SECTOR
dc.subject EFFICIENCY IMPROVEMENTS
dc.subject PORTS
dc.subject TRACK
dc.subject TECHNICAL EFFICIENCY
dc.subject RAILROAD
dc.subject NOW ACCOUNTS
dc.subject RAIL LINE
dc.subject TOLL ROADS
dc.subject SHARING
dc.subject FREIGHT RAIL CONCESSIONS
dc.subject LEGAL CHALLENGE
dc.subject SOUTH AMERICAN
dc.subject FINANCIAL STABILITY
dc.subject FREIGHT OPERATIONS
dc.subject PPP
dc.subject RAILWAY
dc.subject PASSENGER SERVICES
dc.subject RAILWAY PRIVATIZATION
dc.subject FREIGHT TRAFFIC
dc.subject FRAMEWORK
dc.subject PRODUCTIVE EFFICIENCY
dc.subject RAIL TRAFFIC
dc.subject STEEL
dc.subject TRACKAGE
dc.subject FREIGHT CONCESSIONS
dc.subject CEMENT
dc.subject FISCAL PROBLEMS
dc.subject OPERATING RIGHTS
dc.subject LAWS
dc.subject TRANSPORT SECTOR
dc.subject INFRASTRUCTURE PROJECTS
dc.subject FREIGHT
dc.title Results of Railway Privatization in Latin America en


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