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Colaboración Público-Privada en infraestructuras: Reforma del sistema concesional español de autopistas de peaje

Author

Listed:
  • Eduardo Engel
  • Ronald Fischer
  • Alexander Galetovic
  • Ginés de Rus
Abstract
Los dos casos polares para la construcción, mantenimiento y operación de las infraestructuras son la provisión pública directa y la privatización. Ente ellos hay un menú de contratos de colaboración público-privada, entre los que el sistema concesional es el más atractivo cuando es preferible que el Estado mantenga la planificación de la red, cediendo temporalmente, ‚Äúa riesgo y ventura‚Äù, su operación al sector privado. Las autopistas de peaje en España se construyen y gestionan mediante este sistema. En principio, podría pensarse que la participación privada evita, por un lado, ejecutar proyectos socialmente no rentables y, por otro, que posteriormente se garantice la eficiencia en su gestión. La renegociación de la mitad de todas las concesiones, muchas de ellas, al comienzo del periodo concesional, sugiere que existen problemas de riesgo moral y selección adversa que no pueden explicarse por la crisis económica y errores en la predicción de tráfico. En este informe sostenemos que los problemas recurrentes en las concesiones de autopistas de peaje tienen una causa más profunda en el diseño de los contratos. Después de un análisis del sistema concesional español, proponemos su reforma, modificando el ineficiente reparto de riesgos que contiene, con el fin de eliminar los errores más evidentes y evitar la repetición de la crisis actual en el futuro.

Suggested Citation

  • Eduardo Engel & Ronald Fischer & Alexander Galetovic & Ginés de Rus, 2015. "Colaboración Público-Privada en infraestructuras: Reforma del sistema concesional español de autopistas de peaje," Policy Papers 2015-11, FEDEA.
    • Handle: RePEc:fda:fdapop:2015-11
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    References listed on IDEAS

    as
    1. Engel,Eduardo & Fischer,Ronald D. & Galetovic,Alexander, 2014. "The Economics of Public-Private Partnerships," Cambridge Books, Cambridge University Press, number 9781107632783.
    2. Timothy C. Irwin, 2007. "Government Guarantees : Allocating and Valuing Risk in Privately Financed Infrastructure Projects," World Bank Publications - Books, The World Bank Group, number 6638.
    3. Jean Tirole, 2006. "The Theory of Corporate Finance," Post-Print hal-00173191, HAL.
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    Cited by:

    1. Ganuza, Juan-José & Llobet, Gerard, 2020. "The simple economics of white elephants," Mathematical Social Sciences, Elsevier, vol. 106(C), pages 91-100.
    2. Anna Matas & Ginés de Rus & Stef Proost & Salvador Bertoméu-Sánchez & Antonio Estache, 2018. "The Financing of Infrastructure / La financiación de las infraestructuras / El finançament de les infraestructures," IEB Reports ieb_report_1_2018, Institut d'Economia de Barcelona (IEB).
    3. Laura Garrido & José Manuel Vassallo, 2020. "Is Ex-Post Fiscal Support to PPPs Sustainable? Analysis of Government Loans Granted to Shadow-Toll Roads in Spain: A Case Study," Sustainability, MDPI, vol. 13(1), pages 1-23, December.
    4. Ginés de Rus, 2015. "La política de infraestructuras en España. Una reforma pendiente," Policy Papers 2015-08, FEDEA.
    5. Ginés de Rus & Ángel de la Fuente, 2020. "Algunas propuestas para una revisión de la política de infraestructuras," Policy Papers 2020-17, FEDEA.
    6. Alcaraz Carrillo de Albornoz, Vicente & Sánchez Soliño, Antonio & Lara Galera, Antonio & Isabel Álvarez, José Miguel, 2021. "Bankrupt PPPs: Is it really so bad? Case study of R-3 and R-5 toll motorways in Spain," Transport Policy, Elsevier, vol. 114(C), pages 78-87.

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