Abstract: Since 1989, Argentina has adopted various systems to fund infrastructure development, choosing public and/or private investments. This article discusses the challenges and dangers of setting up an urban toll road system, and the lessons to be learned; it suggests the way forward for future projects. The plan to build a network of access toll roads around Buenos Aires, financed only by the private sector, was implemented in 1994. At that time, the city's access road and ring road infrastructure was collapsing, with only 30% of roads considered in good condition. The first stage of the toll road project was executed in the context of continuing economic deregulation and opening the economy to foreign investment. Several laws had to be passed to lay the regulatory and legal foundations for privatisation. The second, implementation stage required drafting guidelines for bidding and contracts. It was only in the third stage, trace release, that problems in the area of land use emerged. When they were resolved, the fourth, construction stage went well, with works sometimes being completed in good time. This experience of building and operating a toll road revealed several problems, some inherent in the design and operation of the road, and others political, institutional, economic, financial, or due to public disapproval.
Publication Year: 1999
Publication Date: 1999-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot