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

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

No 107, Documentos de Trabajo (working papers) from Department of Economics - dECON

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.

Keywords: concessions; infrastructure; roads (search for similar items in EconPapers)
JEL-codes: H54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lam
Date: 2006-12

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Persistent link: http://EconPapers.repec.org/RePEc:ude:wpaper:0107

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