On the Public Private Partnership Financing Strategies of Urban Rail Transit

2011 ◽  
Vol 255-260 ◽  
pp. 4095-4099 ◽  
Author(s):  
Jian Xiao Chen ◽  
Jing Fang
Keyword(s):  
Public Private Partnership ◽  
Urban Rail Transit ◽  
Operating Efficiency ◽  
Rail Transit ◽  
Private Capital ◽  
Private Partnership ◽  
The Public ◽  
Urban Rail

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.

scholarly journals The Influence of Passengers’ Perceived Social Responsibility Efforts on Their Satisfaction in Public-Private-Partnership Urban Rail Transit Projects

2021 ◽  
Vol 13 (23) ◽  
pp. 13108
Author(s):  
Caiyun Cui ◽  
Meng Liu ◽  
Yong Liu ◽  
Bo Xia ◽  
Martin Skitmore ◽  
...  
Keyword(s):  
Social Responsibility ◽  
User Satisfaction ◽  
Rapid Development ◽  
Public Private Partnership ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Private Partnership ◽  
Body Of Knowledge ◽  
Urban Rail ◽  
Managerial Implications

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.

scholarly journals Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure

2020 ◽  
Vol 2020 ◽  
pp. 1-14
Author(s):  
Yingjun Zhu ◽  
Zhitong Gao ◽  
Ruihai Li
Keyword(s):  
Social Welfare ◽  
Public Private Partnership ◽  
Transportation Infrastructure ◽  
Private Capital ◽  
Equilibrium Relation ◽  
Private Partnership ◽  
The Public ◽  
Welfare Losses ◽  
The Government ◽  
The Impact

To control the “uniqueness” risk in Public-Private Partnership (PPP) projects of transportation infrastructure, we design a simplified “uniqueness” contract model by incorporating the impact of the initial investment which is based on the Bertrand model. The nonlinear programming method is adopted to derive the optimal “uniqueness” contracts for incumbent private capital, the public, and the social welfare, respectively. The simulation results show that the achievement of the optimal “uniqueness” contract is essentially the result of a compromise between the private capital, the public, and social welfare. The extent to which such a contract reduces the probability of “uniqueness” risk mainly depends on the equilibrium relation between the interests of private capital and the public. The initial investment is not related to the government default when the contract does not take into account the interests of the private capital. Furthermore, the “uniqueness” contracts between private capital and the government are mainly for anticompetitive purpose in the PPP market of transportation infrastructure. Unless the contract terms focus on the improvement of social welfare, entering a “uniqueness” contract will cause social welfare losses.

scholarly journals PUBLIC–PRIVATE PARTNERSHIPS IN HOUSING CONSTRUCTION IN UKRAINE

Ekonomika ◽  
2014 ◽  
Vol 93 (1) ◽  
pp. 89-97
Author(s):  
Elena Balabenko
Keyword(s):  
Public Private Partnership ◽  
Housing Construction ◽  
Private Capital ◽  
Construction Operations ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Special Pattern ◽  
Private Investors ◽  
House Building

Abstract. The paper presents an analysis of construction operations, retarding tendencies, necessity to attract private capital to civil engineering, with an emphasis on the development of national cooperation and con-struction business in the realization of concrete social and economic and investment projects in Ukraine in the form of public–private partnership. The problems of the development of housing construction institutions are also presented within the framework of the public–private partnership and the preconditions for the topical character of the private capital attraction to this sphere. The necessity of developing the public–private partnership in housing construction has been justified. The development of the trend will help to unify the interests of power, business, financial institutions and private investors. Also, a special pattern of the public–private partnership taking into consideration the peculiarities of the contemporary house-building industry is proposed.Key words: housing construction, public–private partnership, investment, pattern

Experience and Reference of Implementing Public Transport Priority Strategy Dominated by Urban Rail Transit in Tokyo

2014 ◽  
Vol 505-506 ◽  
pp. 813-819
Author(s):  
Bin Ya Zhang ◽  
Hao Yue ◽  
Shuai Wang
Keyword(s):  
Public Transport ◽  
Public Transportation ◽  
Traffic Congestion ◽  
Paper Analysis ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
High Population Density ◽  
Large Cities ◽  
The Public ◽  
Urban Rail

Urban public transportation is the main effective way to solve the problem of increasingly congested city ground traffic, and public transport priority is the important guarantee to realize the way. Due to the short domestic history, there are problems to be solved in the respects of on the implementation of "public transport priority" in specific operation method, implementation measures and matters needing attention etc. Some oversea cities with high population density and serious traffic congestion have made some exploration in public transport priority development whose experiences are worthy of reference. Tokyo, the typical oversea city, has been selected out by this paper. Analysis has been down on the issue of the experiences and achievement of Tokyo in implementing the public transport priority strategy which is donated by urban rail transit, and experiences are summed up. On the basis of it, some suggestions have been proposed for the implementation of China's large cities public transport priority strategy.

Research on the Elastic Pricing Theory Based on Ramsey Model

2014 ◽  
Vol 587-589 ◽  
pp. 2124-2127 ◽  
Author(s):  
Lei Zhang ◽  
Shu Yi Liu
Keyword(s):  
Urban Rail Transit ◽  
Rail Transit ◽  
Pricing Policy ◽  
Ramsey Model ◽  
Ticket Pricing ◽  
Traffic Jam ◽  
The Public ◽  
Urban Rail ◽  
Pricing Theory ◽  
The City

Reasonable urban rail transit can not only make urban rail transit an effective way to relieve traffic jam in the city, but also achieve both the public benefit and economic benefit. The elastic pricing model based on the Ramsey model is researched and verified through an example in this paper, which lays a theoretical basis for implementation of the congestion-based pricing policy. Finally, some reasonable proposals for the development of urban rail ticket pricing are put forward.

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