Flexible-Term Contracts for Road Franchising

@inproceedings{Nombela2003FlexibleTermCF,
  title={Flexible-Term Contracts for Road Franchising},
  author={Gustavo Nombela},
  year={2003}
}
  • Gustavo Nombela
  • Published 2003
Private participation in road projects is increasing around the world. The most popular franchising mechanism is a concession contract, which allows a private firm to charge tolls to road users during a pre-determined period in order to recover its investments. Concessionaires are usually selected through auctions at which candidates submit bids for tolls, payments to the government, or minimum term to hold the contract. This paper discusses, in the context of road franchising, how this… CONTINUE READING

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