Reforming the Urban Transportation Sector in the Rio de Janeiro Metropolitan Region: A Case Study on Concessions
-
1999-04-01
Details
-
Creators:
-
Corporate Creators:
-
Subject/TRT Terms:
- Case studies
- Concessions
- Incentives
- Development
- Urban transportation
- Public private partnerships
- Privatization
- Suburbs
- Subsidies
- Rail transit
- Rio de Janeiro (Brazil)
- Transportation concessions
- Urban transportation
- Aviation
- Economics
- Finance
- Planning and Forecasting
- Public Transportation
- Railroads
- Research
- Society
-
Resource Type:
-
Geographical Coverage:
-
TRIS Online Accession Number:01037474
-
Corporate Publisher:
-
NTL Classification:NTL-PUBLIC TRANSPORTATION-Transit Economics and Finances ; NTL-ECONOMICS AND FINANCE-Alternative Finance ; NTL-RAIL TRANSPORTATION-RAIL TRANSPORTATION ; NTL-PUBLIC TRANSPORTATION-PUBLIC TRANSPORTATION
-
Abstract:This paper describes a bold effort by the Rio de Janeiro State Government to increase private sector participation, reduce operating subsidies and set the foundations for long-term sustainability of its urban transport sector. This effort was undertaken with the help of three World Bank-financed loans: The Rio de Janeiro Metropolitan Transport Decentralization loan, which assisted in the transfer of federally-owned suburban railways to the State Government; the Rio de Janeiro State Reform and Privatization loan, which assisted the State in the privatization and concessioning of a number of its enterprises; and the Rio de Janeiro Mass Transit loan, which supported the reorganization of the sector and the concession of the Rio suburban railways (Flumitrens). Most of the urban transport sector reforms have been implemented. The lessons learned from the implementation process adopted by the State as well as the results obtained so far suggest that political decisiveness, transparency, and ingenuity in devising incentives are key to privatizing urban rail transport systems. But they also show that not having a credible staff redundancy program may seriously reduce the benefits expected from the concessions. Annex, figures, tables. 25 p.
-
Content Notes:mmp
-
Format:
-
Download URL:
-
File Type:
-
Collection(s):
-
Main Document Checksum:urn:sha256:d3f710c0f60376b302567412d267638671c1aa8cf757f785212fd0fe65b2f9e9