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Revenue-Based Auctions and the Unbundling of Infrastructure Franchises. Inter-American Development Bank, Social Programs and Sustainable Development Department, Infrastructure and Financial Markets Division.




There is widespread agreement that most developing countries urgently need massive investments in infrastructure. Until relatively recently, the provision of infrastructure services was generally considered the responsability of the public sector. Chronic budgetary problems and widespread disappointment with
the performance of state-owned enterprises, however, have led to a wave of privatizations of infrastructure throughtout the world.