Concessions and their Regulation in the Different Network Industries

The use of concession agreements to provide public services in the different network industries has been growing over the past decades around the world, mainly as a way to facilitate private investment. Motorways, seaports, water and sewage, among other sectors, have gained experience in the use of these instruments and some important lessons have been learned. The articles in this issue highlight some of the most relevant considerations in the use of concession contracts, their advantages and disadvantages compared to the traditional public provision, the implications for institutional design, the way of dealing with new investments during the contract period, and how to introduce performance clauses.