By Guo Lihong　

Date: 2004/08/26

Abstract:  

The basic method of private investment in infrastructure is operating concessions. The government should shift from administrative approval to an operating concession granting and management. An operating concession system includes two levels: the laws/regulations and contracting. This study introduces a number of operating concession systems in the world, and sets up a framework under which operating concession system is performed.