The Urban Transportation Infrastructure through Concession Agreements: Lessons from Latin America

In recent years, several countries in Latin America, and around the world, have met the challenge of developing and expanding critical infrastructure by promoting private sector participation in the infrastructure sectors. Recognizing the relevance of the infrastructure sectors for the economic development of firms and industry and the well-being of the population, and given increasing constraints on public budgets to finance these impending needs, governments have sought to shift part of the burden of infrastructure investments to the private sector.