Faruqi, S and Smith, N J (1997) Karachi light rail transit: A private finance proposal. Engineering, Construction and Architectural Management, 4(3), pp. 233-246. ISSN 0969-9988
Abstract
Light Rail Transit (LRT) systems have emerged as an attractive form of public transport both in industrialised as well as developing countries. This paper reviews the implementation mechanism of LRT projects proured by private finance, through Build Operate Transfer (BOT) type concession contracts. A case study approach is used to model an actual LRT project. The case study analysis shows that the uncertainty factor could be converted to monetary terms and the process would enhance ability of the decision makers to have a better understanding of the consequences of risks.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | light rail transit; private finance initiative; risk assessment; transport |
| Index terms: | implementation, proposal, case study, public transport, private finance initiative, risk assessment, developing country, build-operate-transfer, concession contract, private finance |
| Subjects: | infrastructure and transport systems, contractual arrangements, data collection methods, financial risk, contract type, development economics, project planning |
| Topics: | Cost Management, International Construction, Procurement, Urban Studies, Project Management, Research Practice |
| Descriptive scope: | 3 PCE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here