Federal Toll Road Concession Program in Brazil: Is It Moving in the Right Direction?

Rodrigues Bochado, Mariana and Vassallo Magro, José Manuel (2014). Federal Toll Road Concession Program in Brazil: Is It Moving in the Right Direction?. "Journal of Infrastructure Systems", v. 20 (n. 2); pp. 1-10. ISSN 1076-0342. https://doi.org/10.1061/(ASCE)IS.1943-555X.0000200.

Description

Title: Federal Toll Road Concession Program in Brazil: Is It Moving in the Right Direction?
Author/s:
  • Rodrigues Bochado, Mariana
  • Vassallo Magro, José Manuel
Item Type: Article
Título de Revista/Publicación: Journal of Infrastructure Systems
Date: June 2014
ISSN: 1076-0342
Volume: 20
Subjects:
Faculty: Centro de Investigación del Transporte (TRANSyT) (UPM)
Department: Otro
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

This paper assesses the toll road concession program started by the federal government of Brazil, from its beginning in 1996 until 2012. Brazil has one of the longest road networks, under private concessions, in the entire world. The authors use the case study approach, based on the available information, to analyze the evolution of the program over the course of its history. Specifically, a detailed analysis is conducted from three perspectives: those of the competitiveness of the tender, the impact of toll modifications caused by the rebalancing of the economics of the contract, and the actual evolution of the traffic flows as compared to their estimates, respectively. It is found that the most recent auctions have been very competitive. Moreover, with the original toll roads, bidders relied on early traffic forecasts that turned out to be overly optimistic, and over the years, contract rebalancing has led to large increases in toll rates. Overall, and even though Brazil’s program can be considered successful in many ways, there is still considerable room for improvement.

More information

Item ID: 35646
DC Identifier: http://oa.upm.es/35646/
OAI Identifier: oai:oa.upm.es:35646
DOI: 10.1061/(ASCE)IS.1943-555X.0000200
Official URL: http://ascelibrary.org/doi/10.1061/%28ASCE%29IS.1943-555X.0000200
Deposited by: Memoria Investigacion
Deposited on: 25 May 2017 10:56
Last Modified: 08 Jun 2017 07:27
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