This paper focuses on the recent evolution of structure and regulation of local railways transportation in Italy. The regulation changes aimed at improving the efficiency and the quality of service of regional trains produced very modest results. Regions have not exploited the tools available,...

This paper analyzes the potential and the limits of project finance for the provision of local public services and compares them with alternative instruments in the light of current regulation. The main requirements for project finance, even in non “pure” forms, to justify its complex...

This paper analyzes the potential and the limits of project finance for the provision of local public services and compares them with alternative instruments in the light of current regulation. The main requirements for project finance, even in non quot;purequot; forms, to justify its complex...