Author Mandri-Perrott, Cledan
Title Private Sector Participation in Light Rail/Light Metro Transit Initiatives : Suggestions for Incorporating Best Practice Using Selected Case Studies
Imprint Herndon : World Bank Publications, 2010
©2010
book jacket
Descript 1 online resource (403 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Intro -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Glossary -- Abbreviations -- Case Studies -- Overview -- Chapter 1 Urban Transport and Light Rail-Light Metro Transit -- 1.1: Introduction -- 1.2: Urban Transport Policy -- 1.3: Defining Light Rail-Metro Transit Systems -- 1.4: Planning and Selecting Transportation Solutions -- 1.5: Characteristics of LRMT Systems -- 1.6: Influences on LRMT Policy Decisions -- 1.7: Achieving Value for Money -- 1.8: The Customer Approach -- Chapter 2 Technical Issues -- 2.1: Complexity and Size of Projects -- 2.2: Route Selection -- 2.3: Integration -- 2.4: Segregated versus Nonsegregated Systems -- 2.5: Capacity and Service Reliability -- 2.6: Selecting Rolling Stock and Planning for Asset Management -- 2.7: Ticketing and Barriers -- Chapter 3 Incorporating Private Sector Participation in LRMT Initiatives -- 3.1: Key Requirements for a Successful PPP -- 3.2: Partnerships between Public and Private Institutions -- 3.3: Models of Private Participation -- 3.4: The PPP Arrangement: Four Stages of Development and Implementation -- Checklist: Incorporating Private Sector Participation in LRMT Initiatives -- Chapter 4 Understanding and Managing Risk -- 4.1: Analyzing Responsibilities and Risks -- 4.2: Common Risks and Responsibilities -- 4.3: Political and Macroeconomic Risks -- 4.4: Risks Specific to the LRMT Sector -- 4.5: Project-Related Risks -- 4.6: Risks Associated with Managing the PPP Agreement -- 4.7: Managing the Demand or Farebox Risk -- Checklist: Risk Allocation -- Chapter 5 Public-Private Partnership Design, Specifications, and Performance Management -- 5.1: Setting Service Standards -- 5.2: Costing -- 5.3: Determining Fares and Subsidy Requirements -- 5.4: PPP Agreement Duration: Factors to Consider -- 5.5: PPP Project Financial Structure and Design
5.6: Performance Management and Control -- Checklist: PPP Design Specifications and Performance Management -- Chapter 6 Funding and Finance -- 6.1: Sources of Funds for LRMT Initiatives -- 6.2: Funding through Captured Externalities -- 6.3: Considering Bankability -- 6.4: Structuring Finance for LRMT Projects -- 6.5: Private Financing for LRMT Projects -- 6.6: The Need for Public Support -- 6.7: Multilateral and Bilateral Financial Organizations -- 6.8: Sources of Public Support and Incentives -- 6.9: Funding Ongoing Investment Needs -- 6.10: Developing a Project Finance Model -- 6.11: Considering and Valuing Contingent Liabilities -- 6.12: Hedging -- 6.13: Refinancing -- Checklist: Funding and Finance -- Chapter 7 Contractual Arrangements -- 7.1 Legal Framework -- 7.2 Contract Form -- 7.3 General Design of the PPP Agreement: One Contract or More? -- 7.4 PPP Contractual Issues -- 7.5 Provisions during Development Stages -- 7.6 Provisions Related to Construction and Assets -- 7.7 Provisions Related to Service Obligations -- 7.8 Availability Payments and Other Sources of Revenue for the Developer -- 7.9 Provisions Applying to Financing -- 7.10 Provisions Applying to Implementation -- Checklist: Contractual Arrangements -- Chapter 8 Procurement -- 8.1 Choosing a Selection Method -- 8.2 Managing the Bidding Process -- 8.3 Selection Criteria and Bid Evaluation -- 8.4 Prequalification -- 8.5 Choosing the Bidding Process -- 8.6 Final Request for Proposals -- 8.7 Submission, Opening, and Comparison of Bids -- 8.8 Final Selection -- 8.9 Unsolicited Proposals and Direct Negotiations -- 8.10 Contractual Issues -- 8.11 Negotiating with Preferred Bidders -- 8.12 Other Procurement Issues -- Checklist: Procurement -- Chapter 9 Conclusions -- 9.1 Value for Money in LRMT Concessions and Other Public-Private Partnerships -- 9.2 The Value of Private Finance
9.3 Developing a Strategy for Success -- 9.4 Managing Fares Intelligently -- 9.5 The Structure of Public Support Determines Outcomes -- 9.6 Managing Demand is Crucial to Success -- 9.7 Partners' Other Interests Matter -- 9.8 International Sporting Events and LRMT -- 9.9 Recommendations for Procurement -- 9.10 Final Thoughts -- Annexes -- Annex 1: Selected Case Studies -- - Manchester Metrolink - United Kingdom -- - Docklands Light Railway - London, United Kingdom -- - Kuala Lumpur STAR and PUTRA - Malaysia -- - Gautrain Rapid Rail Link - Gauteng Province, South Africa -- - MRT 3 'Metrostar Express' - Manila, Philippines -- - Bangkok Skytrain - Thailand -- - Canada Line - Vancouver, Canada -- Annex 2: Targeting the Urban Poor and Access for All -- Annex 3: Analytic and Advisory Work Required -- Annex 4: Sample LRMT Risk Matrix -- Annex 5: Examples of International Standards for Rolling Stock -- Annex 6: Other Specifications Commonly Included in LRMT Contracts -- Annex 7: Technical and Financial Proposals: Checklists -- Annex 8: Unsolicited Proposals -- Bibliography -- Back cover
This book aims to help governments and public authorities to establish effective LRMT systems, and focuses on use of Public Private Participation (PPP) arrangements. Rather than identify a single approach, we present options and discuss practical issues related to preparing and implementing new LRMT PPP schemes. The approach is focused on providing information that can be used to make informed decisions, adapted to local policy and objectives.The material presented is intended as a practical guide to developing LRMT PPPs in both developed and developing countries. This work endeavors to provide answers to readers' questions regarding how to successfully incorporate private sector participation in LRMT with a lesser emphasis on why LRMT and the private sector may be beneficial. The primary focus is guiding the reader from design through to project implementation. It starts from the premise that underlying transport policy decisions will have already been made and that LRMT has already been identified as the appropriate transport solution. We have included some limited discussion of policy and technical issues where these directly impact the LRMT PPP approach.The approach is presented in nine sections, and in preparing it the author drew on current international LRMT PPP experience, through a series of interviews and case studies. The sections covered are: Urban Transport and Light Rail/Light Metro Transit Technical Issues Incorporating Private Sector Participation in LRMT Initiatives Understanding and Managing Risk Public-Private Partnership Design, Specifications, and Performance Management Funding and Finance Contractual Arrangements Procurement Conclusions
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Mandri-Perrott, Cledan Private Sector Participation in Light Rail/Light Metro Transit Initiatives : Suggestions for Incorporating Best Practice Using Selected Case Studies Herndon : World Bank Publications,c2010 9780821380857
Subject Street-railroads -- Finance.;Street-railroads -- Finance -- Case studies.;Urban transportation -- Finance.;Urban transportation -- Finance -- Case studies
Electronic books
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