Institutional “tetris” in infrastructure regulation: harmonizing governance, regulation and policy-making in the transport sector

The paper “Institutional “tetris” in infrastructure regulation: harmonizing governance, regulation and policy-making in the transport sector” (Cruz, C., Sarmento, J.) will be presented at the 5th Conference on the Regulation of Infrastructures (24 June 2016).

ABSTRACT

The role of regulation in infrastructure development has changed significantly over time. Changes have been carried out at different levels: institutional (changing entities), regulatory model (contractual regulation gaining momentum), and contractual changes. This paper looks at the recent evolution in the Portuguese case for the regulatory institutional arrangement and models developed, in the rail, road, maritime, urban transport and airport sectors. Although there was a clarification of the role of the public and private sector over time, and the political acknowledgement of the importance of a stable and effective regulatory framework, there has been an unstable institutional scenario. Furthermore, the role of the regulators in Portugal is extremely limited, given the predominance of the contractual regulatory model, which thus decreases the level of flexibility needed to cope with the challenging adaptations driven by technology.

ABOUT THE AUTHOR

Joaquim José Miranda Sarmento is Assistant Professor in Finance (Ph.D in Finance) Management Department ISEG – Economics and Business School Technical University of Lisbon

More about the author: www.iseg.ulisboa.pt/aquila/homepage/jsarmento 

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Presentation given by Joaquim José Miranda Sarmento