Granting and Renegotiating Infrastructure Concessions: Doing it Right

The book breaks new ground in relation to the design and implementation of concession contracts by culling the lessons of experience from some 1,000 examples and assessing what these lessons mean for future practice. The examples are taken from Latin America where, during the 1990s, governments throughout the region awarded contracts to the private sector to operate a range of public utilities, including electricity; water supply and sanitation; and airport, railway, and port services. The study shows the extent to which the concession award process, the contract design, the regulatory framework, and the overall governance structure tend to drive the success of any reform effort and the likelihood of contract renegotiation.