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Private Participation in Infrastructure Projects and Determinants of Observed Contractual Arrangements: The Case of Brazil

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  • FGV-EESP

Abstract

In recent years, fiscal deficits have been a chronic problem for the central government and moststate governments. In 1997, for instance, the nominal deficit was about 6% of GNP. In thisscenario, both central and local governments have been unable to make the necessaryinfrastructure investments to maintain adequate service levels, a situation that has existed sincethe beginning of the 1980s. For instance, investment in ports in 1993 was less than 15% of thefigure in 1980, while in the railway sector investment fell from US$1. 9 billion in 1980 toUS$214 million in 1993 (Cavalcanti Ferreira, 1996).

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  • Fgv-Eesp, 2001. "Private Participation in Infrastructure Projects and Determinants of Observed Contractual Arrangements: The Case of Brazil," Research Department Publications 3112, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:3112
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    Cited by:

    1. Andrea Goldstein & José Claudio Linhares Pires, 2006. "Brazilian Regulatory Agencies: Early Appraisal and Looming Challenges," Chapters, in: Edmund Amann (ed.), Regulating Development, chapter 6, Edward Elgar Publishing.

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