No AccessWorld Bank Institute Development Studies1 Feb 2013Granting and Renegotiating Infrastructure ConcessionsDoing it RightAuthors/Editors: J. Luis GuaschJ. Luis Guaschhttps://doi.org/10.1596/0-8213-5792-1SectionsAboutPDF (3.9 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Little over a decade ago, infrastructure concessions promised to solve Latin America's endemic infrastructure deficit. Awarded in competitive auctions, these concessions were supposed to combine private sector efficiency with rent dissipation brought about by competition. Yet something did not go quite right, as concessions were plagued with opportunistic renegotiations, most of them at the expense of taxpayers. This book is a major contribution toward understanding what went wrong and what should be done differently in the future to reap the potential benefits of infrastructure reform and private participation in infrastructure provision. It begins by analyzing a rich data set on more than 1,000 infrastructure concessions, uncovering a series of puzzling stylized facts. It then considers alternative explanations for the patterns it has uncovered, and concludes with a series of insightful policy proposals aimed at avoiding the common mistakes and make concessions to efficiently contribute to economic growth and poverty reduction. Previous bookNext book FiguresreferencesRecommendeddetailsCited byPrivate Finance of Public InfrastructureAnnual Review of Financial Economics, Vol.14, No.1Addressing Adverse Selection in Public-Private Partnership (PPP) Procurement: An Agent-Based ApproachPublic Works Management & Policy, Vol.27, No.46 July 2022The Impact of Renegotiations on Public Values in Public–Private Partnerships: A Delphi Survey in ChinaJournal of Management in Engineering, Vol.38, No.5PPP Distress and Fiscal Contingent Liabilities in South Asia11 August 2022Managing the Fiscal Risks Wrought by Ppps: A Simple Framework and Some Lessons from Chile16 June 2022Improving Public–Private Partnerships for Renewable Electricity Infrastructure in Lower- and Middle-Income CountriesJournal of Construction Engineering and Management, Vol.148, No.5Fiscal Risks from Early Termination of Public-Private Partnerships in Infrastructure15 April 2022Rational Inattention in Non-Profit Public-Private Partnerships: The Las Vegas Monorail Bankruptcy Case3 January 2022Port Development, Regulation and Financial Approach28 January 2022Motivation for Analysis and Evaluation of Logistic Costs29 March 2022Methodology: Definition and Selection of Variable to Measure Logistic Cost29 March 2022Introduction14 May 2022Doing It by the Book: Political Contestability and Public Contract RenegotiationsThe Journal of Law, Economics, and Organization, Vol.5815 December 2021Double Moral Hazard and Risk-Sharing in Construction ProjectsIEEE Transactions on Engineering Management, Vol.68, No.6Under/Over‐Investment and Early Renegotiation in Public‐Private Partnerships*The Journal of Industrial Economics, Vol.69, No.42 February 2022Renegotiations and Renewals of Public ContractsReview of Industrial Organization, Vol.59, No.32 July 2021Variation Negotiation in PPP Toll-Road Projects: Option ApproachJournal of Legal Affairs and Dispute Resolution in Engineering and Construction, Vol.13, No.4Partnership Communities, Vol.2621 October 2021What can public administration scholars learn from the economics controversies in public-private partnerships?Asia Pacific Journal of Public Administration, Vol.43, No.46 August 2021Public-Private Partnerships in South Asia: Managing the Fiscal Risks from Hidden Liabilities While Delivering Efficiency Gains7 October 2021The Determinants of Time Overruns in Portuguese Public ProjectsJournal of Infrastructure Systems, Vol.27, No.2Evaluating the performance of local SoEs as output‐maximizing entities: The case of Friuli Venezia GiuliaAnnals of Public and Cooperative Economics, Vol.92, No.217 September 2020Agency problems in public-private partnerships investment projectsEuropean Journal of Operational Research, Vol.290, No.3How PPP Renegotiation Behaviors Evolve with Traffic Changes: Evolutionary Game ApproachJournal of Construction Engineering and Management, Vol.147, No.5Public-private partnerships in Mexico: Challenges and opportunities at local levelCompetition and Regulation in Network Industries, Vol.22, No.118 January 2021PREDICTING THE LITIGATION OUTCOME OF PPP PROJECT DISPUTES BETWEEN PUBLIC AUTHORITY AND PRIVATE PARTNER USING AN ENSEMBLE MODELJournal of Business Economics and Management, Vol.22, No.2Introduction19 February 2021Defining PPP Renegotiations19 February 2021Theory on PPP Renegotiations19 February 2021Renegotiation Analysis19 February 2021How (Not) to Foster Innovations in Public Infrastructure Projects*The Scandinavian Journal of Economics, Vol.123, No.131 August 2020Contextualizing a Human Rights Perspective for Water Ethics: From Exploitation to Empowerment and Beyond21 October 2020Renegotiation Case Studies19 February 2021Public-Private Partnership in the World Economy: Possible Negative ConsequencesBaikal Research Journal, Vol.11, No.37 December 2020Gauging the stakeholders' perspective: towards PPP in building sectors and housingJournal of Housing and the Built Environment, Vol.35, No.418 June 2020Critical Failure Drivers in International Water PPP ProjectsJournal of Infrastructure Systems, Vol.26, No.4The Renegotiation on PPP Contracts and Subsidy EfficiencyIOP Conference Series: Materials Science and Engineering, Vol.96010 December 2020Insights for the future of health system partnerships in low- and middle-income countries: a systematic literature reviewBMC Health Services Research, Vol.20, No.122 June 2020Does Institutional Quality Matter for Infrastructure Provision? A Non-parametric Analysis for Italian MunicipalitiesItalian Economic Journal, Vol.6, No.328 September 2019Election Cycles and Organizations: How Politics Shapes the Performance of State-owned Enterprises over TimeAdministrative Science Quarterly, Vol.65, No.330 August 2019Performance-Based Road Contracts in ZambiaReview of Industrial Organization, Vol.57, No.110 July 2019Urban Toll Highway Concession System in Santiago, Chile: Lessons Learned after 15 YearsJournal of Infrastructure Systems, Vol.26, No.2Dispute Resolution and Litigation in PPP Road Projects: Evidence from Select CasesJournal of Legal Affairs and Dispute Resolution in Engineering and Construction, Vol.12, No.1Renegotiations of Privatization Agreement of Water Utilities: Anecdotal Evidence from European Union24 July 2020Motivating Low Carbon Waste Management Through Public–Private Partnerships—An Exploratory Case Study of India14 March 2020The challenges and contradictions of Peru's Proyecto Masivo de Energía SolarDynamics in Implementation of Public Private PartnershipsInternational Journal of Political Activism and Engagement, Vol.7, No.1Colaboración Público-Privada en Infraestructuras. Economía y retos de gobernanza (Public Private Partnerships in Infrastructure; Economics and Governance Challenges)SSRN Electronic Journal, Vol.23U.S. Surface Transportation Public–Private Partnerships: Objectives and Evidence—Extended FindingsTransportation Research Record: Journal of the Transportation Research Board, Vol.2673, No.129 July 2019Adaptive capabilities for road agencies in emerging economiesInfrastructure Asset Management, Vol.6, No.4Understanding Project Cancellation Risks in U.S. P3 Surface Transportation InfrastructureTransport PolicyMainstreaming public–private partnership in national development: H ow ready is G hana?BUSINESS STRATEGY & DEVELOPMENT, Vol.2, No.37 April 2019Exploratory factor analysis of skills requirement for PPP contract governanceBuilt Environment Project and Asset Management, Vol.9, No.2Evaluation of PPP road projects in GreeceBuilt Environment Project and Asset Management, Vol.9, No.2Ex post impact evaluation of PPP projects: an exploratory researchBuilt Environment Project and Asset Management, Vol.9, No.2Does the Project Design Matter for the Performance of Infrastructure Execution? An Assessment for ItalyItalian Economic Journal, Vol.5, No.117 January 2019A decision support system (DSS) for facilitating the scenario selection process of the renegotiation of PPP contractsEngineering, Construction and Architectural Management, Vol.321 March 2019"Cutting costs to the bone": the Portuguese experience in renegotiating public private partnerships highways during the financial crisisTransportation, Vol.46, No.129 July 2017When Democracies Deliver, Vol.74 January 2019Introduction20 November 2018Cluster Analysis of the Intellectual Structure of PPP ResearchJournal of Management in Engineering, Vol.35, No.1Renegotiations and Corruption in Infrastructure: The Odebrecht CaseSSRN Electronic JournalIs Public-Private Partnership Better than Traditional Procurement? An Analysis Under Nash BargainingSSRN Electronic Journal, Vol.87LESSONS LEARNED FROM PROBLEMS OF FINANCING PPPs IN INDIAJournal of Japan Society of Civil Engineers, Ser. F4 (Construction and Management), Vol.75, No.2An empirical examination of moral hazards and adverse selection on PPP projectsJournal of Engineering, Design and Technology, Vol.16, No.6Renegotiations of Water Concessions: Empirical Analysis of Main DeterminantsJournal of Water Resources Planning and Management, Vol.144, No.11Modelling Risk Allocation Decisions in Public–Private Partnership Contracts using the Fuzzy Set Approach4 October 2018Contract stability in European road infrastructure PPPs: how does governmental PPP support contribute to preventing contract renegotiation?Public Management Review, Vol.20, No.830 January 2018The Outcome of Renegotiations between Institutionalized Public–Private Partnerships and Their Public Clients: Data on the Public–Private Partnerships of the German Federal Armed ForcesInternational Journal of Public Administration, Vol.41, No.924 March 2017Information Asymmetry in Renegotiation of Public–Private Partnership ProjectsJournal of Computing in Civil Engineering, Vol.32, No.4Does corruption and the institutional characteristics of the contracting authorities affect the execution of healthcare infrastructures?Journal of Public Procurement, Vol.18, No.2Taking Stock of Economic Regulation of Power Utilities in the Developing World: A Literature Review9 July 2018Risk pricing inefficiency in public–private partnershipsTransport Reviews, Vol.38, No.313 May 2017The operational competitiveness of public protected areas managed by Ezemvelo KZN WildlifeKOEDOE - African Protected Area Conservation and Science, Vol.60, No.127 March 2018Financial Conflict Resolution for Public-Private Partnership Projects Using a Three-Phase Game FrameworkJournal of Construction Engineering and Management, Vol.144, No.3PUBLIC PRIVATE PARTNERSHIPS IN EUROPE FOR BUILDING AND MANAGING PUBLIC INFRASTRUCTURES: AN ECONOMIC PERSPECTIVEAnnals of Public and Cooperative Economics, Vol.89, No.110 February 2018Public-Private Partnerships in Developing Countries: The Emerging Evidence-based CritiqueWorld Bank Research Observer, Vol.33, No.117 May 2018An Economic Analysis of Public–Private Partnerships15 September 2017Regulatory Instruments for Public–Private Partnerships4 January 2018The Evolution of Financing Conditions for PPP Contracts: Still a Private Financing Model?4 January 2018The Relative Efficiency of Competitive Tendering4 January 2018Renegotiating PPP Contracts: Opportunities and Pitfalls4 January 2018Comparative Performances of Delivery Options: Empirical Lessons4 January 2018Involving the Private Sector and PPPs in Financing Public Investments: Some Opportunities and Challenges28 December 2017Contractual Efficiency of PPP Infrastructure Projects: An Incomplete Contract ModelMathematical Problems in Engineering, Vol.2018Public Versus Private Management in Water Public Services: Taking Stock, Looking AheadSSRN Electronic JournalThe Determinant of Private Sector Participation in Infrastructure Development: A Study of the Region of Asia-PacificSSRN Electronic JournalThe law of small numbers: investigating the benefits of restricted auctions for public procurementApplied Economics, Vol.49, No.4229 January 2017Determinants of the long-term performance of initial public offerings (IPOs) in the port industryTransportation Research Part A: Policy and Practice, Vol.103From fixed to state-dependent duration in public-private partnershipsJournal of Economics & Management Strategy, Vol.26, No.39 March 2017Gouverner la grande ville : réseaux et institutionsEx Post Risk Management in Public-Private Partnership Infrastructure ProjectsProject Management Journal, Vol.48, No.31 June 2017Vor- und Nachteile ?ffentlich-Privater PartnerschaftenList Forum f?r Wirtschafts- und Finanzpolitik, Vol.42, No.46 February 2017Remuneration models and revenue risk mitigation in road public–private partnership projects – a case study from SerbiaTransportation Planning and Technology, Vol.40, No.213 December 2016A survey of critical success factors for attracting private sector participation in water supply projects in developing countriesJournal of Facilities Management, Vol.15, No.1Policy Reform and the Problem of Private Investment: Evidence from the Power SectorJournal of Policy Analysis and Management, Vol.36, No.119 October 2016Relations between Wellbeing and Transport Infrastructure of the CountryProcedia Engineering, Vol.178Where Things Happen: The Local Dimension in Regulation27 October 2016Risk Pricing Inefficiency in Public-Private PartnershipsSSRN Electronic JournalRenegotiating Public-Private PartnershipsSSRN Electronic JournalBIDDING SCHEMES FOR WATER CONCESSION PROJECTS AND ECONOMIC EFFICIENCYJournal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management), Vol.73, No.5Transaction Costs in Public?Private Partnerships: The Weight of Institutional Quality in Developing Countries RevisitedPublic Performance & Management Review, Vol.40, No.22 December 2016Government motivation-embedded return guarantee for urban infrastructure projects based on real optionsJournal of Civil Engineering and Management, Vol.22, No.712 July 2016Bibliometric Analysis of PPP and PFI Literature: Overview of 25 Years of ResearchJournal of Construction Engineering and Management, Vol.142, No.10Transitional Public–Private Partnership Model in China: Contracting with Little Recourse to ContractsJournal of Construction Engineering and Management, Vol.142, No.10The Real Option Value of Renegotiation in Public–Private PartnershipsJournal of Construction Engineering and Management, Vol.142, No.8Winners and losers in tolled motorway renegotiations: an empirical evaluation of the Spanish pioneersPublic Money & Management, Vol.36, No.510 June 2016A review of emerging trends in global PPP research: analysis and visualizationScientometrics, Vol.107, No.321 March 2016Incomplete Contract in Private Finance Initiative (PFI) Contracts: Causes, Implications and StrategiesProcedia - Social and Behavioral Sciences, Vol.222Risk Allocation and Management Practices in Highway PPP Contracts: Pilot Study of Virginia24 May 2016Renegotiation on incomplete procurement contractsApplied Economics, Vol.48, No.2330 November 2015PPP arrangements in the Brazilian water sector: a double-edged swordWater Policy, Vol.18, No.230 September 2015Critical success factors for public-private partnership in water supply projectsFacilities, Vol.34, No.3/4Dynamic demand risk assessment for toll road projectsConstruction Management and Economics24 February 2016Public?private partnerships: a review of economic considerations with particular reference to transportation projectsTransportation Planning and Technology, Vol.39, No.223 February 2016New Structural Economics and Resource Financed InfrastructurePacific Economic Review, Vol.21, No.124 February 2016Anatomy of public-private partnerships: their creation, financing and renegotiationsInternational Journal of Managing Projects in Business, Vol.9, No.1Role of the State in Partnerships with the Private SectorJournal of Development Policy and Practice, Vol.1, No.11 January 2016Renegotiating Public-Private PartnershipsSSRN Electronic JournalPrivate Participation in US Infrastructure: The Role of PPP UnitsSSRN Electronic JournalGovernance of Public–Private Partnerships and Infrastructure Delivery: Case of the Milan, Italy, Metro Line M4Transportation Research Record: Journal of the Transportation Research Board, Vol.2597, No.125 October 2018Regulating Local Government Financing Vehicles and Public-Private Partnerships in ChinaIMF Working Papers, Vol.16, No.187Back Matter: Appendices A through D and Bibliography31 December 2015Road project termination and rebidding strategies in NigeriaJournal of Financial Management of Property and Construction, Vol.20, No.3Comparing Public?Private Partnerships and Traditional Public Procurement: Efficiency vs. FlexibilityJournal of Comparative Policy Analysis: Research and Practice, Vol.17, No.523 April 2015Public–private partnerships for transport infrastructure: Some efficiency risksNew Zealand Economic Papers, Vol.49, No.39 September 2014Contract and procurement design for PPPs in highways: the road aheadEconomia e Politica Industriale, Vol.42, No.327 June 2015Transaction Cost Analysis of In-Clinic Versus Telehealth Consultations for Chronic Pain: Preliminary Evidence for Rapid and Affordable Access to Interdisciplinary Collaborative ConsultationPain Medicine, Vol.16, No.61 June 2015Comparison of Public?Private Partnerships in Airports and Seaports in Low- and Middle-Income CountriesTransport Reviews, Vol.35, No.34 March 2015Disclosure as a tool in stakeholder relations management: a longitudinal study on the Port of RotterdamInternational Journal of Logistics Research and Applications, Vol.18, No.316 April 2015Empirical Evidence for Renegotiation of PPP Contracts in the Road SectorJournal of Legal Affairs and Dispute Resolution in Engineering and Construction, Vol.7, No.2Improving Microeconomic Efficiency of Latin American EconomiesGlobal Journal of Emerging Market Economies, Vol.7, No.225 May 2015Infrastructure Public?Private Partnerships in the Developing World: Lessons from Recent ExperienceThe Journal of Development No.46 March Comparative of and Contracts: a October PPP Contracts: the in Reviews, Vol.35, No.223 December Analysis of Transport PPPs in Reviews, Vol.35, February in public-private partnership water supply projects in Management and Economics, Vol.33, No.37 May Economics of Public-Private Partnerships: A Management and Economics, Vol.33, June factors the for public-private partnerships public and private in of Science & Policy Management, Vol.6, water with public and private a case study of Water Research and No.230 July Public and Private in Concessions: and to a Water Project in ChinaJournal of Construction Engineering and Management, and Renegotiation in Public-Private Partnership of Public Economic Vol.17, No.122 January in Public-Private PartnershipsJournal of Public Economic Vol.17, No.122 January Contracting of Public Economic Vol.17, No.122 January Simple of Public-Private PartnershipsJournal of Public Economic Vol.17, No.122 January and Market in the to in Public-Private PartnershipsSSRN Electronic and Design for PPPs in The Road AheadSSRN Electronic Analysis of Public-Private Partnerships Model in China: Contracting with Little Recourse to Electronic JournalGovernance a Latin and Vol.33, December Management for Public-Private October in South Asia: Infrastructure and October in Renegotiations Public-Private Partnerships and Government Data on Public-Private Partnerships of the German Armed ForcesInternational Public Management Journal, Vol.17, No.327 August to moral in port Research Part Logistics and Transportation Review, Toll Road Concession in It in the of Infrastructure Systems, Vol.20, in public-private partnership projects through an based on Management and Economics, Vol.32, May renegotiation and and from Latin American transport of Economics, January Political of Privatization Contracts: The Case of Water and in and & Vol.18, April in and an Economics, Vol.17, No.11 May THE AND IN AN PERSPECTIVEAnnals of Public and Cooperative Economics, February as local of the of Civil - The of the January Lessons from January A Survey of Engineering, in and Contract Electronic Contestability and Contract An Analysis of Electronic a project The of Management and Economics, PPP renegotiation a road in GreeceBuilt Environment Project and Asset Management, private partnerships in and Environment Project and Asset Management, in Road of Industrial Organization, Vol.43, No.37 June Governance A Review and Research Resources Management, Vol.27, June Determinants for Renegotiating Public Infrastructure Concessions: Evidence from of Construction Engineering and Management, to Government ContractsJournal of Infrastructure Systems, for the risk of in partnerships for Management Quarterly, Vol.13, in the initial of infrastructure projects: a and of Italian AND OF AND THE of Transportation Public-Private PartnershipsInternational Journal of and Research, May : de Partnerships: Transportation and Local Government Vol.39, Risk and Costs in Public–Private Partnerships: in the US Water Government Vol.39, Public–Private Partnerships: Design and Contracting Government Vol.39, Determinants for Renegotiating Concessions: Evidence from Local Government Vol.39, in Highway Concessions: in of in Engineering and Practice, of Local with Contracts in the Waste and Planning Government and Policy, January the Economic and Financial Model to Infrastructure Contract of Infrastructure Systems, the Development of Public-Private Partnerships in An Review, Vol.73, February PUBLIC OF of the European Economic Vol.11, January and Engineering in in PPP with a on May in the Water Sector in Latin Infrastructure the Development as to Electricity Cost Economics Electronic Cost Regulation after Public Electronic JournalThe Risks and in Public-Private PartnershipsSSRN Electronic of Public–Private Partnership in Research Record: Journal of the Transportation Research Board, No.122 May de : Vol.42, March March Local Infrastructure through PPPs: Evidence from the SectorJournal of Construction Engineering and Management, between and in infrastructure Regulation as & Vol.6, May and in Developing Countries: the of Contract of Infrastructure Development, No.223 January IN OF of International Economics and Policy, August AND Administration, No.313 January not to public An incomplete contract Journal of and Economics, August in Reviews, Vol.32, for Money and Risk in Public–Private PartnershipsJournal of the American Planning risk for a project and financial of Management, on Public-Private Partnership to This July of costs in an empirical on Italian public contractsApplied Economics, April and Value in Public-Private A Private of Management Review, performance analysis of transport infrastructure in Vol.39, January to the case of the World Policy & Management, Vol.39, International with Rapid and Electronic Design Electronic Policy and Governance Electronic et la Vol.16, April A OF Administration, Vol.89, No.46 July and Participation in of Construction Engineering and Management, of Water Vol.48, February Transportation Public–Private Partnerships: Drivers of and Planning Vol.43, July and Development: A of the of Development OF DISPUTES IN PRIVATE WATER AND FROM of Public and Cooperative Economics, February et de de : de de en de and Policy Review, December & Economics on Electricity Electronic the and of Contracts in Infrastructure of Infrastructure Systems, Vol.16, reform and in & November to revenue in real toll partnership transportation projectsConstruction Management and Economics, and with Review, Vol.17, June for toll in analysis and Money & Management, in and of International Logistics and June Partnerships and the Public Review, December and of Portuguese Policy & Management, No.22 March the of public-private partnership in the water sector: from an of private of Public Procurement, Private Sector in the of Civil and in for European and Business Research, Vol.40, of Economic Reviews, Private Sector in the of Civil Electronic Partnerships and in Electronic the of Public-Private Partnerships in a - A Framework with Electronic Highway Research Record: Journal of the Transportation Research Board, No.122 May Market Infrastructure Project Their Risks and Journal of Vol.15, de : et et design and PPPs for for the Portuguese European Journal of Health Economics, April Partnerships: and the Structure of Review of Resource Economics, Vol.1, Contracts: and Institutional of Industrial Organization, Vol.35, October and Evidence from Transactions in Latin of Industrial Organization, Vol.35, October and Economic of Industrial Organization, Vol.35, October Risk Contract for Implementation and in Policy The Power Science Quarterly, No.31 September and infrastructure An Policy, Vol.17, contract and contract in the German during the Journal of Economics, Vol.40, and Public in Road A Comparative Analysis of Recent Transactions in the and Reviews, private participation in water and Empirical from Latin of International Development, Vol.21, - and Public Utilities Privatization in Developing Bank Economic Review, November Public and Vol.27, No.31 February Regulation and Institutional Design Matter for Infrastructure Sector and Design of Public Private PartnershipsSSRN Electronic JournalThe the of Renegotiation and in Toll Road Electronic JournalThe of to the Transport Electronic with Electronic and Renegotiations in Public-Private PartnershipsSSRN Electronic the of Electronic Infrastructure Management Review, et design Public Vol.60, de the of Infrastructure Public?Private Partnership and Works Management & Policy, Vol.13, October Risks and of Private in Works Management & Policy, Vol.13, October and Market in the Economics & October of Public and Cooperative Economics, et : et and Renegotiating PPPs and and Fiscal Infrastructure from the Practices and of Latin American Water in the water sector: Determinants of Performance in Infrastructure in Electronic JournalThe Simple of Public-Private PartnershipsSSRN Electronic An for Latin American Electronic Partnerships as Research Record: Journal of the Transportation Research Board, No.122 May Fiscal for Infrastructure: The Case of Working Papers, of infrastructure in Latin of Vol.22, January IN of Economic Vol.43, the Empirical between and Electronic for Public Private and Evidence from Infrastructure Concession Electronic Development and Electronic Real for Risk in Transportation Project Research Record: Journal of the Transportation Research Board, No.122 May OF IN THE PUBLIC A of Public and Cooperative Economics, OF AN of Public and Cooperative Economics, AND THE OF of Public and Cooperative Economics, Partnerships vs. in of Industrial Organization, October in the of Industrial Organization, September of Concession Contracts: A of Industrial Organization, September for between private and public a of the of Industrial Organization, October of Industrial Organization, September Private Sector Participation in Water Services 15 Policy Review, October the and Electricity sector reform in developing Policy, Vol.14, Empirical Analysis of State and of Water Services in Bank Economic Review, Vol.20, November in Transportation Infrastructure in Research Record: Journal of the Transportation Research Board, No.122 May Infrastructure and and Policy Electronic & Structure in a Developing Electronic in Transportation Infrastructure in Research Record: Journal of the Transportation Research Board, and of in developing countries: does the of the Review of Economics and and in in Journal of Public Sector Management, Vol.18, and Regulation in Developing and A Survey of the Money and Management, Contracts for Litigation and of Economics, Vol.27, in the Public Works Concession in Research Record: Journal of the Transportation Research Board, No.122 May to Risk in Private Infrastructure Investment: A Survey of the Electronic Partnerships in Developing Countries from to Electronic in the Public Works Concession in Research Record: Journal of the Transportation Research Board, March & & and Financial Sector Economics and and