Abstract
The general objective of this paper is to study the characteristics of the regulatory framework for the road networks concession system in Argentina during the 1989-2006 period, considering two regulation models, which begun in 1989 and 2003 respectively. The article argues that the concession and / or privatization of public goods or services can not mean abandoning the nation state responsibilities, which means those concession programs must operate within a regulatory framework. Additionally, it suggests that the effectiveness of the concession program it directly associated with the privatisation process´ characteristics and that strengthening institutional capacities of the comptroller agency is insufficient to overturn the features of a concessions model, such as the Argentinean, which, as a result of uncertainty and instability, benefits to specific groups of players.
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