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The revenue risk is of great importance to ensure the success of a real toll public-private partnership (PPP) transportation project. Past research has proposed a revenue guarantee put option as an alternative way to quantify and potentially manage this risk. A practical, or commercial,...
Persistent link: https://www.econbiz.de/10008674592
Despite the increasing popularity in the use of the public-private partnership concept as a procurement strategy, there have been reported cases of problems associated with the initial stages of the process in terms of unduly high bidding costs and pre-contract time overruns due mainly to the...
Persistent link: https://www.econbiz.de/10005482589
infrastructure facilities necessitates an equitable performance standard, a sensible penalty mechanism and a credible auditing system … infrastructure maintenance can be systematically verified. With reference to a case study in Hong Kong, field data have been … partners to formulate a mutually acceptable and effective mechanism for non private-funded PPP infrastructure maintenance …
Persistent link: https://www.econbiz.de/10005482687
There are few public-private partnership (PPP) projects in the UAE, but the number is increasing. Recently government and public bodies have intensified their interest in PPPs to encourage more involvement of the private sector in the country's development. The aim of the research is to evaluate...
Persistent link: https://www.econbiz.de/10008674581
Southern Cross Station is one of the largest public-private partnership (PPP) projects undertaken in Australia. In this project the architects played a significant role in developing an iconic design which has received international professional design awards and much media attention. In the...
Persistent link: https://www.econbiz.de/10005633072
Project participants, through experience, have an initial perception and predisposition towards risk and the types of risks they are willing and able to undertake. This is equally true for parties interested in public-private partnership (PPP) projects. These initial positions have been...
Persistent link: https://www.econbiz.de/10005633193
Public-private partnership (PPP) road projects are highly leveraged capital-intensive projects. Lenders, which provide the major portion of financing in the form of debt instruments, undertake loan approval processes to examine the various aspects of the projects that could influence the debt...
Persistent link: https://www.econbiz.de/10008466642
public-private partnership/private financing initiative (PPP/PFI) schemes in building large-scale infrastructure assets …
Persistent link: https://www.econbiz.de/10004966598
Previous studies recognize institutional impacts on the arrangement of large infrastructure projects but they have not … analysed the process by which a host country's institutions shape infrastructure projects. Institutional theory was applied as … approaches of large infrastructure projects, while industrial structure limits feasible alternatives for project arrangements …
Persistent link: https://www.econbiz.de/10009277639
Development of the infrastructure is one of the key factors in determining the competitiveness of a nation. Most world … competitiveness reports include infrastructure development as a primary set of indicators in assessing the competitiveness of nations … indicator performance allowed policy makers to formulate infrastructure strategies. Simulated experiments based on the …
Persistent link: https://www.econbiz.de/10009277919