scholarly journals Models of Financing and Available Financial Resources for Transport Infrastructure Projects

10.14311/290 ◽  
2001 ◽  
Vol 41 (6) ◽  
Author(s):  
O. Pokorná ◽  
D. Mocková
Keyword(s):  
Typical Feature ◽  
Public Domain ◽  
Transport Infrastructure ◽  
Financial Resources ◽  
Project Financing ◽  
Infrastructure Projects ◽  
The Public ◽  
Long Time ◽  
Infrastructure Project ◽  
Selection Of

A typical feature of transport infrastructure projects is that they are expensive and take a long time to construct. Transport infrastructure financing has traditionally lain in the public domain. A tightening of many countries' budgets in recent times has led to an exploration of alternative resources for financing transport infrastructures. A variety of models and methods can be used in transport infrastructure project financing. The selection of the appropriate model should be done taking into account not only financial resources but also the distribution of construction and operating risks and the contractual relations between the stakeholders.

Locating the public interest in mega infrastructure planning: The case of Sydney’s WestConnex

Urban Studies ◽  
2020 ◽  
pp. 004209802092783
Author(s):  
Glen Searle ◽  
Crystal Legacy
Keyword(s):  
Public Interest ◽  
Environmental Sustainability ◽  
Global Financial Crisis ◽  
Transport Infrastructure ◽  
Infrastructure Projects ◽  
Liberal Democracies ◽  
The Public ◽  
New Public ◽  
Infrastructure Project ◽  
The Global Financial Crisis

In Western liberal democracies the planning of mega transport infrastructure projects is guided by public interest claims typically expressed through legislation and political mandates. But with the infrastructure boom being observed in many cities since the Global Financial Crisis, and the need to address unprecedented levels of urbanisation, the level of politicisation directed at infrastructure projects draws attention to how the public interest is treated in the planning and management of complex mega transport infrastructure projects in diverse local contexts. Looking to Sydney, an advanced neoliberal city building the largest transport infrastructure project in Australian history, we examine how public interest is asserted in a way that reinforces legitimacy of the process and consensus for the project. Under these conditions, planners fail or are unwilling to raise additional or new public interest issues. The vagaries of public interest mean that in being open to interpretation the public interest can be easily captured by the interests of capital and of ruling politicians. This raises important questions for urban studies about the role governments and, in particular, public-sector planners can play in advocating for actually existing public interest issues such as environmental sustainability without it amounting to just rhetoric with no follow through.

Attractiveness of Transportation Infrastructure Projects to Private-Sector Financing: Assessing the Hierarchical Analysis, Risk Scenario Method

2000 ◽  
Vol 1732 (1) ◽  
pp. 12-21 ◽  
Author(s):  
Dimitrios Tsamboulas ◽  
Konstanzinos Panou ◽  
Constantionos Abacoumkin
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Transportation Infrastructure ◽  
Transport Infrastructure ◽  
Risk Allocation ◽  
Infrastructure Projects ◽  
The Public ◽  
Conflicting Objectives ◽  
Infrastructure Project ◽  
Private Financing

A method to identify the attractiveness for private financing of a transport infrastructure project is presented. The objective of the method is to assist the public sector in identifying the attractiveness of a transportation infrastructure project for private financing, highlighting the factors that tend to reduce such attractiveness and providing the means to examine the viability of alternative risk-allocation scenarios related to risks undertaken by the state or private sector. The method allows for the simulation of the private sector’s attitude toward risk, employing practices of risk assessment in investments. Its innovation lies in how the whole process is structured so that participants understand beforehand whether an agreement can be concluded and which factors involved are critical. A key property of the method is the ease by which priorities of different risk components are synthesized into a hierarchical form through pairwise comparisons. This method, although targeted primarily for the public sector, could assist both private and public stakeholders investing in transport infrastructure projects (termed private-public partnerships) to reach an agreement. Basically, it is an interactive process characterized by the conflicting objectives and judgments of both public and private sectors.

scholarly journals Transport infrastructure development financing problems and main investment trends in 2020

2020 ◽  
Vol 6 (1) ◽  
pp. 129-145
Author(s):  
Natalya A. Zhuravleva ◽  
Tomas Kliestik
Keyword(s):  
Economic Development ◽  
Large Scale ◽  
Transport Infrastructure ◽  
Infrastructure Development ◽  
Project Financing ◽  
Infrastructure Projects ◽  
Investment Volume ◽  
Infrastructure Project ◽  
Changes Of State

Background: The realisation of large-scale plans of Russian infrastructure development, transport in particular, requires a corresponding methodological guidance for both planning of realisation of these tasks and development of the proper financing instrumentarium. Aim: The analysis of reasons for incompliance of programme tasks with their financing conditions; formalisation of investment trends in todays economy and description of their capability to adapt to Russian projects. Methods: The method of rising from concrete to abstract and vice versa has allowed identification of important regularities of investment trends and their connection with the quality of projects; the systems principle has confirmed dependence of successful realisation of infrastructure projects on reliability of economic development forecasts and adequacy of projects financing and management. Results: The analysis of ongoing changes of state priorities and programmes, outlined in a large number of documents regulating development of transport infrastructure in Russia, has allowed identification of influence of most significant regularities, which determine effectiveness of these solutions. All available transport infrastructure project financing sources have been systemised, considering investment volume and their status in the market. The statement that it is exactly the loan-based financing sources, concession in the first instance, that can be the most efficient in infrastructure projects realisation, has been confirmed.

scholarly journals Attribute of the Effects Diversification to Eco-System from Large Investments in Supply Chain

2019 ◽  
pp. 1-11
Author(s):  
Dr. Maria F. Sartzetaki
Keyword(s):  
Decision Process ◽  
Planning Process ◽  
Evaluation Framework ◽  
Transport Infrastructure ◽  
Economic Conditions ◽  
Infrastructure Projects ◽  
Infrastructure Project ◽  
Business Establishment ◽  
Business Sectors ◽  
Development Prospects

In most of the cases the decision to invest in a new large transport infrastructure project t is not simple, mainly, because the complications in planning process, the amount of capital need to invest before the business establishment and the high number of stakeholders involved in decision process. The decision process is more complicated in restricted economic conditions and financing assumptions, where the project business plan performance is strongly related to regional development prospects and business sectors enlargement. This paper provides an attribute methodology approach to support decisions in large transport infrastructure projects based on the effects diversification to ecosystem affected by the new projects. The proposed methodology provides an evaluation framework based on a combination of an ex-ante assessment analysis taking into consideration the large transport infrastructure projects economic impact and its contribution to enlargement of the sectors of the ecosystem.

scholarly journals The Risks of Investments in Transport Infrastructure Projects

10.14311/308 ◽  
2002 ◽  
Vol 42 (1) ◽  
Author(s):  
O. Pokorná ◽  
D. Mocková
Keyword(s):  
Investment Decisions ◽  
Transport Infrastructure ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
The Public ◽  
Depth Analysis ◽  
Project Risks ◽  
Private Entity ◽  
Financial Impacts ◽  
The Given

Investment decisions should not be taken without an in-depth analysis of the risks. This is an important stage in project preparation and should be performed simultaneously with the planning of the financial operations. Infrastructure development requires that project risks and responsibilities be assigned to the public or private entity that is best able to manage them. The risks and their financial impacts are usually not quantified equally by all parties. Each party views the given risks according to the guarantees provided. These guarantees are related to the form of participation in the project.

On the methodology of risk assessment in calculating the public efficiency of large-scale infrastructure projects

2021 ◽  
pp. 45-57
Author(s):  
I. Mironova ◽  
T. Tischenko
Keyword(s):  
Risk Assessment ◽  
Large Scale ◽  
Infrastructure Projects ◽  
The Public ◽  
Infrastructure Project

The article introduces the concept of large-scale socially significant infrastructure projects. A model for evaluating the public effectiveness of such projects based on the criterion of real public profit is proposed offers. The main focus is on the methodology of risk assessment in assessing the public effectiveness of a large-scale infrastructure project, taking into account international and Russian experience in this field of activity.

scholarly journals Pemberitaan Isu Terorisme Pada Media di Indonesia: Media Kompas.com dan Voa-Islam.com dalam Peristiwa Serangan Paris November 2015

2021 ◽  
Vol 1 (1) ◽  
pp. 49
Author(s):  
Renita Novitasari Putri ◽  
Zarmansyah Zarmansyah
Keyword(s):  
Public Perception ◽  
Online Media ◽  
Framing Analysis ◽  
The Public ◽  
Long Time ◽  
Technological Developments ◽  
The Media ◽  
Setting Theory ◽  
Foreign Media ◽  
Selection Of

Terrorism is an issue that has grown for a long time and is now a concern to the world community. This comes after what is being reported by the media can form a public perception or opinion. The amount of media influence on the public is supported also by technological developments in the media that currently raise the speed of delivery and its actuality through online media. Online media in Indonesia itself has many kinds, such as Kompas.com and VOA-islam.com which have two different backgrounds. Using the qualitative method of interviewing, framing analysis in agenda setting theory and public opinion as supporting theory, this research shows that both media were covering the Paris attacks in November with different methods and points of view. This research has proof that every media will cover an event according to the ideology and characteristic (mission and vision) respectively depending on the editor of the media, including in the selection of referrals and foreign media as a comparison.

Crowdfunding for Infrastructure Project Financing

2022 ◽  
pp. 276-300
Author(s):  
Nika Pranata ◽  
Nur Firdaus ◽  
Erla Mychelisda ◽  
Achsanah Hidayatina
Keyword(s):  
High Risk ◽  
Business Models ◽  
National Development ◽  
Payback Period ◽  
Project Financing ◽  
Infrastructure Projects ◽  
Asian Countries ◽  
Alternative Source ◽  
Infrastructure Project ◽  
Financing Infrastructure

Infrastructure plays a pivotal role in national development. However, financing infrastructure projects becomes a major hurdle as it is often considered unbankable, high risk, and requires a long payback period. The use of crowdfunding as an alternative source for infrastructure project financing is flourishing, especially in European and American countries. In contrast, the utilization of crowdfunding for such purposes in Asian countries is very limited. Hence, this study reviews four crowdfunding platforms in Europe and America that have successfully raised capital for infrastructure projects which are Oneplanetcrowd, Convergence Finance, Citizenergy, and Infrashares. Learning from best practices of those platforms, policies, and regulations, the study proposes four crowdfunding business models to be implemented in Asian countries including (1) blended finance, (2) cross-border citizen funding, (3) commercial infrastructure financing, and (4) within country crowdfunding.

Models of financing mechanism for public-private partnership projects and the specifics of their functioning

2020 ◽  
Vol 22 (4) ◽  
pp. 17-26
Author(s):  
NIKITA V. LOKSHIN ◽  
Keyword(s):  
Effective Interaction ◽  
Public Private Partnership ◽  
Securities Market ◽  
Financial Resources ◽  
Project Financing ◽  
Private Partnership ◽  
The Public ◽  
Financing Mechanism ◽  
Direct Financing ◽  
Tax Payments

This article considers the public-private partnership (PPP) projects financing mechanism through the analysis of its models. The importance and necessity of using variability in structuring of different elements of financing mechanism are proved, which allows to detect the ways of their effective interaction in order to increase the efficiency of using financial resources during PPP projects implementation. The existence of basic models for PPP projects financing mechanism is justified including direct financing, project financing and financing with professional participants in the securities market. The schemes and algorithms of their functioning are presented. The article argues that in the modern conditions it is expedient to supplement the basic models for PPP projects financing mechanism by the new elements: postponed tax payments, bonds with special purpose, elements of Islamic financing mechanism models. Combining new and classic elements contributes to improvement of financing mechanism models and focuses on expanding the circle of potential investors for PPP projects.

scholarly journals The execution of infrastructure project life-cycle

2019 ◽  
Vol 258 ◽  
pp. 02017
Author(s):  
Debby Willar ◽  
Estrellita V. Y. Waney ◽  
Novatus Senduk
Keyword(s):  
Life Cycle ◽  
Delphi Study ◽  
Service Providers ◽  
Public Works ◽  
Infrastructure Projects ◽  
Project Life Cycle ◽  
Infrastructure Project ◽  
The Government ◽  
Project Life ◽  
Selection Of

The significant increase in Indonesian construction sector activity nowadays is also influenced by government financing for infrastructure projects. Therefore, the government needs to ensure that the infrastructure projects are consistently constructed along the project life-cycle. Phases of the infrastructure project life-cycle implemented in the Ministry of Public Works and Housing consist of 1) planning, 2) selection of service providers, 3) construction processes, and 4) construction product hand-over. Data collection using three rounds of Delphi Study was undertaken to empirically test the level of implementation of the project life-cycle indicators, which are used as standards to construct infrastructure projects. The respondents of the studies came from sectors who were executing infrastructure projects in the areas of Cipta Karya, Bina Marga, Sumber Daya Air, and Penyediaan Perumahan. The results of the studies concluded that the sectors have understood and implemented most of the indicators, however, different levels of implementation have existed along with the barriers of the implementation. From the studies, profiles of the execution of infrastructure project life-cycle were provided as references for the government to evaluate the performance of the sectors, as well as to take corrective actions to improve their performance.

Sign in / Sign up

Export Citation Format

Share Document