This World Bank Transport Paper by Veron & Cellier reviews the toll concession experiences in Brazil since its inception in 1993 till today. It argues that the potential for further private participation in the sector appears very good. However, Brazil would need to create or revise its sector policies and tools, as well as institutional, regulatory and financing frameworks to capture the best of private participation in the sector. The paper provides recommendations as to where improvements would be necessary: a) diversification of the toll road model to allow for more innovative PPP-structures; b) updating toll regulatory and contractual framework; c) consolidating the institutional framework for road concessions; d) adapting policy frameworks to current Brazilian environment; and e) adapting sector financing framework to rising capacity of private markets.
Overviews and Activity Reports
Veron & Cellier
Finances & Economics
Latin America and Caribbean (LAC)