Toll Roads Corporatization Strategy: Toward Better Governance | Asian Development Bank

Toll Roads Corporatization Strategy: Toward Better Governance

Publication | April 2009
Toll Roads Corporatization Strategy: Toward Better Governance

This report draws on extensive review, examination, and international experience to explore five key areas that impact corporatization and privatization policy: the separation of owner and service provider functions, competition, value-for-money, contract clarity, and transparency. A strategy of corporatization and privatization will assist the People's Republic of China finance the current $250 billion expansion of its national highway network. Corporatization and privatization will not only diversify financial resources available for toll road expansion but also improve highway efficiency and quality through commercial management.

Contents 

  • Introduction
  • Highway Development Plans in the People's Republic of China
  • The Government's Approach to Corporatization
  • The Case of Sichuan
  • Lessons from Overseas
  • Issues in Corporatization and Privatization
  • A Strategy for Better Governance