Search results for "Highway concessions in Italy"

Le concessioni autostradali: un paradigma autonomo?

2020

Highway concessions are the principal model applied in the construction and manage- ment of highways in Italy. This system has ensured private capital and business management for the sector since the 1920s. Consequently, it is necessary for the development of this area. European law generally qualifies concessions in contractual terms. Therefore, they can be considered as similar to works and service contracts. However, substantial differences remain. In concessions, the business risk (traffic risk) is borne by the party managing the highway. It is also borne by the party managing the passive transport service. For this latter reason, the toll fee is regulated by an independent authority. T…