<title>Abstract</title> In the early nineties, after the collapse of the communist system, many Central and Eastern European (CEE) countries hoped to expand their motorway network by offering concessions to private companies to finance, build and operate toll roads. Both the lack of public resources and the...

Mexico's private toll road program of 1989-1994 is famous both as one of the first and the most ambitious highway privatization programs among the developing countries and as one of the most dramatic failures. In just five years Mexico awarded 52 concessions totaling over 5300 km of toll...