The Highway Concession System in Italy : History, Regulation and Politics

• Tác giả: Nicola Limodio
• Ngôn ngữ: eng
• Ký hiệu phân loại: 945 *Italian Peninsula and adjacent islands Italy
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 293885
• Chủ đề: 1. ACCIDENTS; 2. AGGREGATES; 3. ALTERNATIVE ROUTE; 4. ASPHALT; 5. AUCTION MECHANISM

Tóm tắt

 This paper contains a critical discussion of the opening of the highway concession to the private sector in Italy over the past 20 years. It describes the political context, legal mechanisms and regulatory settings
  offers an analysis of the changes in the equity composition of concessionaires after the introduction of public-private partnerships, quality standards, and tariff dynamics
  and provides some examples. The Italian experience reflects the typical problems of the "build-now-regulate-later" approach recognized in the highway public-private partnership literature. The Italian model is also characterized by the existence of an overly complex regulatory framework, as well as the lack of a single agent in charge of contract enforcement and independent data collection.