scholarly journals A Decision Model of Risk Allocation for Urban Rail Transit Projects under Public-Private-Partnership Model: A Research Framework

Author(s):  
Hua ZHAO ◽  
Hui-jie JIANG ◽  
Xing LI
2011 ◽  
Vol 255-260 ◽  
pp. 4095-4099 ◽  
Author(s):  
Jian Xiao Chen ◽  
Jing Fang

Introduction and innovation of PPP mode can attract more private capital to involve urban rail transit construction and enhance overall operating efficiency of URT. Based on analyzing the characters of URT PPP, through summarizing the PPP categories in application, this paper classifies the URT PPP practical approaches into four broad strategies, and provides a framework and some suggestions for assessing and managing risks associated with various URT PPP strategies.


2021 ◽  
Vol 13 (23) ◽  
pp. 13108
Author(s):  
Caiyun Cui ◽  
Meng Liu ◽  
Yong Liu ◽  
Bo Xia ◽  
Martin Skitmore ◽  
...  

With the rapid development of public-private-partnership (PPP) urban rail transit (URT) projects in China, their social responsibility (SR) is considered to provide a useful way of guaranteeing passengers’ rights and to help urban sustainable development. However, what remains largely unknown is how passengers’ perceptions of the SR effort of such projects’ influences their satisfaction. To bridge this knowledge gap, the current study first proposes a conceptual model based on social responsibility and satisfaction theories. Hypotheses are then tested through bootstrapping analysis based on data drawn from a questionnaire survey of 436 residents from three typical PPP URT projects. The results show that the relationship between the passengers’ perceived SR effort and their satisfaction with PPP URT projects is sequentially and doubly mediated by perceived quality and perceived value. The findings contribute to the current body of knowledge in social responsibility and user satisfaction by introducing passenger-perceived SR effort as an antecedent factor, and offer valuable practical and managerial implications for the projects’ operation management to help promote urban sustainability.


2013 ◽  
Vol 361-363 ◽  
pp. 1954-1957
Author(s):  
Hong Yan Liang ◽  
Jian Jun Wang

The Internet of things technology provides a new model for reference for information fusion. Based on information fusion theory and methods for relative basic data fusion, established the urban rail transit financial subsidy decision model by using the marginal cost method, which assist to decide the urban rail transit finance subsidy policy.


2019 ◽  
Vol 11 (1(J)) ◽  
pp. 211-222
Author(s):  
Patrick Mabuza

There has been an increase in the number of governments that adopted public-private partnership (PPP) as an infrastructure delivery model. However, there are still misgivings about the role PPPs play in developing countries’ economies. The objective of this study is to address the question of whether the PPP model really benefits the public. This study follows a qualitative approach based on international review of literature on PPP experiences around the world. The results of the study indicate that, the PPP model can be a good vehicle for delivering public infrastructure projects in developing countries. However, for PPPs to meet the expectations of the public sector and the citizens there are certain aspects that need to be in place i.e. transparency, accountability, optimum risk allocation/sharing, and increased competition to name just a few. If a country implements its PPP programme properly, there are massive benefits compared to the public procurement approach that may accrue to consumers and the economy as a whole. Such benefits include reduced prices, which may also increase access to services. The study has elucidated valid from invalid arguments about PPPs and has established whether the PPP model is indeed the right vehicle for delivering infrastructure projects.


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