Privately Financed Infrastructure -- A Concession Company’s Point of View

Under a concession system the state grants a franchise the right to finance, build, own, operate, and maintain a public infrastructure for a given period, and to charge users for that service. Concessions are normally stand-alone, single-purpose entities that are expected to finance themselves eventually, if not initially, without recourse to their shareholders. They are independent corporate entities run by a dedicated staff that seeks career advancement within the concession company. Invariably, the successful concession has been created because of a compelling economic need.

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SSATP Progress Report 1998

The present Sub-Saharan Africa Transport Program (SSATP) progress report, specifies that, while the Program's basic premises, still prevail - policy reform, essential to obtain improved provision of transport services, within a common regulatory framework on sector policies and strategies - it is however, at present, focusing on assisting African countries in capacity building, and ensuring an exchange of experiences, among countries facing similar options.

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