Concessions for Infrastructure: A Guide to Their Design and Award

A joint production between the Inter-American Development Bank and the World Bank, this report aims at helping policymakers and their advisers to better understand some of the most important and difficult issues related to the design, award, implementation, monitoring, and modification of concessions. This report is not a step-by-step guide on how to negotiate concessions. Nor is it an attempt to identify model contracts or clauses. The objective is to broadly define concessions as any arrangements in which a firm obtains from the government the right to provide a particular service under conditions of significant market power.