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Articulación público - privada en el financiamiento de la infraestructura de carreteras en Uruguay

Author

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  • Andrés Pereyra

    (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

Abstract

This paper presents a case of public – private partnership in road provision in Uruguay. It is a concession where the concessionaire is public owned with a contract so called of present value of expenditure. This scheme is a good solution in a country where people reject private ownership of public services providers, and with lack of independent regulation. It allows private financing of the investment and ensures the stability of the expenditure in maintenance of the roads. The concession contract minimizes the risk allocated to the concessionaire but with correct incentives to be efficient, reducing in this way the probability of renegotiating the contract.

Suggested Citation

  • Andrés Pereyra, 2006. "Articulación público - privada en el financiamiento de la infraestructura de carreteras en Uruguay," Documentos de Trabajo (working papers) 0107, Department of Economics - dECON.
    • Handle: RePEc:ude:wpaper:0107
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    File URL: https://hdl.handle.net/20.500.12008/2067
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    Keywords

    concessions; infrastructure; roads;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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