Dealing with traffic risk in Latin American toll roads

Carpintero Lopez, Samuel and Vassallo Magro, José Manuel and Sánchez Soliño, Antonio (2013). Dealing with traffic risk in Latin American toll roads. "Journal of management in engineering" ; pp. 1-10. ISSN 0742-597X. https://doi.org/10.1061/(ASCE)ME.1943-5479.0000266.

Description

Title: Dealing with traffic risk in Latin American toll roads
Author/s:
  • Carpintero Lopez, Samuel
  • Vassallo Magro, José Manuel
  • Sánchez Soliño, Antonio
Item Type: Article
Título de Revista/Publicación: Journal of management in engineering
Date: 23 October 2013
ISSN: 0742-597X
Subjects:
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transportes [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Análisis de los sistemas de mitigación del riesgo de tráfico en autopistas de peaje en diferentes países de Latinoamérica. This paper presents a cross-country analysis of traffic risk allocation in road concessions of Latin America. It shows that some countries such as Chile, Colombia, and Peru have been greatly concerned with mitigating traffic risk, either by putting into practice public guarantees, implementing flexible term concessions, or through availability payment concessions; whereas other countries such as Mexico and Brazil have assigned traffic risk to the private concessionaire by using fixed-term concession contracts without any traffic guarantees. Based on an analysis of data from 1990 to 2010, the paper finds that shifting traffic risk from the concessionaire to the government or users was not confined to the riskiest projects, as one might expect. The analysis also suggests that the implementation of traffic risk mitigation mechanisms in Latin American toll roads has not been very successful in reducing renegotiation rates or in increasing the number of bidders in the tenders

More information

Item ID: 26292
DC Identifier: http://oa.upm.es/26292/
OAI Identifier: oai:oa.upm.es:26292
DOI: 10.1061/(ASCE)ME.1943-5479.0000266
Official URL: http://ascelibrary.org/doi/abs/10.1061/%28ASCE%29ME.1943-5479.0000266
Deposited by: Memoria Investigacion
Deposited on: 23 May 2014 12:56
Last Modified: 17 Apr 2018 15:28
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