This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence … privatization did not materialize because of pervasive contract renegotiations. We argue that the disappointing performance of … highway privatization in Latin America was due to two fundamental design flaws. First, countries followed a 'privatize now …

This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence … privatization did not materialize because of pervasive contract renegotiations. We argue that the disappointing performance of … highway privatization in Latin America was due to two fundamental design flaws. First, countries followed a "privatize now …