Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121570
Authors: 
Pompermayer, Fabiano Mezadre
de Paula, Jean Marlo Pepino
Year of Publication: 
2014
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1920
Abstract (Translated): 
This work analyses the risk allocation between government and concessionaire in the High Speed Train (HST) Project from Rio de Janeiro to São Paulo and Campinas. The concession model proposed by the government to transfer the HST operation to private firms in 2010 was revised in 2012, with the main difference between them been on the risk allocation between government and concessionaire related to demand and construction costs. This work assess these two context of HST proposal considering the best practices recommended in the literature, discusses quantitatively how the potential costs of these risks affect the concessionaire's profits and presents some improvements to the current concession model, in an attempt to disseminate good risk allocation practices for infrastructure projects in Brazil.
Subjects: 
risk allocation
concessions
infrastructure
high speed trains
JEL: 
H54
L98
L92
R42
R48
Document Type: 
Working Paper

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