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.

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 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.

Holistic geoethical slope portfolio risk assessment

2020 ◽  
pp. SP508-2019-157
Author(s):  
Franco Oboni ◽  
César Henri Oboni
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Large Scale ◽  
Ethical Issues ◽  
Quantitative Risk Assessment ◽  
Portfolio Risk ◽  
The Public ◽  
Increased Risk ◽  
Global Impacts ◽  
Environment And Development

AbstractLandslides of natural and man-made slopes represent hazardous geomorphological processes that contribute to highly variable risks. Their consequences generally include loss of life and infrastructural, environmental and cultural assets damage.Prioritizing and mitigating slope risks in a sustainable manner, while considering climate change, is related to geoethics, as any misallocation of resources will likely lead to increased risk to the public.Until recently there was little recognition of the causes and global impacts of human actions. Today, threat-denying humans can be identified as acting inappropriately and ultimately unethically. Sustainable risk management and ethical issues should be discussed simultaneously to avoid the ‘discipline silo trap’ and hazardous omissions.This contribution discusses slope risk management at various scales, i.e. how to ensure better allotment of mitigative funds while complying with sustainability goals and geoethical requirements. In 1987, the World Commission on Environment and Development published a report (also known as the Brundtland Report (Brundtland 1987. World Commission on Environment and Development Report)) that defined sustainable development as meeting the needs of the present without compromising the ability of future generations to meet their own needs.The three case histories discussed in this contribution show how sustainability and ethics can be fostered by using rational, repeatable, transparent quantitative risk assessment applicable at the local scale as well as on a large scale.

scholarly journals Research on the Complication of Documents for Large-scale Infrastructure Projects in Colleges and Universities

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Meili Wu
Keyword(s):  
Large Scale ◽  
Practical Experience ◽  
Colleges And Universities ◽  
Document Preparation ◽  
Main Body ◽  
Construction Technology ◽  
Infrastructure Projects ◽  
Performance Requirements ◽  
Project Construction ◽  
Infrastructure Project

With the practical experience of construction bidding documentation, for example, in view of the large infrastructure project construction in colleges and universities bidding documents for the main body, the construction technology, qualification, performance requirements, bill of quantities, the terms of the contract set aspects were discussed, and put forward practical measures and methods, for similar project construction bidding document preparation to provide certain reference.

Is economic inequality a universal evil?

2019 ◽  
pp. 91-106 ◽  
Author(s):  
Rostislav I. Kapeliushnikov
Keyword(s):  
Quantitative Data ◽  
Large Scale ◽  
Economic Inequality ◽  
The State ◽  
Fair Play ◽  
Left Wing ◽  
Ordinary People ◽  
The Public ◽  
Discursive Power ◽  
A Current

Using published estimates of inequality for two countries (Russia and USA) the paper demonstrates that inequality measuring still remains in the state of “statistical cacophony”. Under this condition, it seems at least untimely to pass categorical normative judgments and offer radical political advice for governments. Moreover, the mere practice to draw normative conclusions from quantitative data is ethically invalid since ordinary people (non-intellectuals) tend to evaluate wealth and incomes as admissible or inadmissible not on the basis of their size but basing on whether they were obtained under observance or violations of the rules of “fair play”. The paper concludes that a current large-scale ideological campaign of “struggle against inequality” has been unleashed by left-wing intellectuals in order to strengthen even more their discursive power over the public.

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