Transformation of the Urban Rail Sector through PPP
The recent proliferation of Public Private Partnership (PPP) projects in numerous cities has transformed the urban rail sector. The enthusiasm for PPPs can be explained by improved understanding of efficiency gains and risks of bundling and unbundling tasks as well as availability and lower cost of...
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2009
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sg-smu-ink.soe_research-21672019-04-12T01:50:05Z Transformation of the Urban Rail Sector through PPP PHANG, Sock-Yong The recent proliferation of Public Private Partnership (PPP) projects in numerous cities has transformed the urban rail sector. The enthusiasm for PPPs can be explained by improved understanding of efficiency gains and risks of bundling and unbundling tasks as well as availability and lower cost of private sector finance. The four main PPP approaches identified are: (i) development of new systems through DBFOs (Design- Build-Finance-Operate); (ii) concessioning of rail and subway services; (iii) sale of stateowned operators through share issue privatisation; and (iv) PPPs for infrastructure maintenance and upgrading. This paper examines examples of successes and failures to better understand the complexities involved in PPP decisions and the trade-offs cities make when deciding between alternative strategies. 2009-11-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1168 https://ink.library.smu.edu.sg/context/soe_research/article/2167/viewcontent/Transformation_of_the_Urban_Rail_Sector_PPP.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics Public Economics Transportation |
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Economics Public Economics Transportation PHANG, Sock-Yong Transformation of the Urban Rail Sector through PPP |
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The recent proliferation of Public Private Partnership (PPP) projects in numerous cities has transformed the urban rail sector. The enthusiasm for PPPs can be explained by improved understanding of efficiency gains and risks of bundling and unbundling tasks as well as availability and lower cost of private sector finance. The four main PPP approaches identified are: (i) development of new systems through DBFOs (Design- Build-Finance-Operate); (ii) concessioning of rail and subway services; (iii) sale of stateowned operators through share issue privatisation; and (iv) PPPs for infrastructure maintenance and upgrading. This paper examines examples of successes and failures to better understand the complexities involved in PPP decisions and the trade-offs cities make when deciding between alternative strategies. |
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text |
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PHANG, Sock-Yong |
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PHANG, Sock-Yong |
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PHANG, Sock-Yong |
title |
Transformation of the Urban Rail Sector through PPP |
title_short |
Transformation of the Urban Rail Sector through PPP |
title_full |
Transformation of the Urban Rail Sector through PPP |
title_fullStr |
Transformation of the Urban Rail Sector through PPP |
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Transformation of the Urban Rail Sector through PPP |
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transformation of the urban rail sector through ppp |
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Institutional Knowledge at Singapore Management University |
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2009 |
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https://ink.library.smu.edu.sg/soe_research/1168 https://ink.library.smu.edu.sg/context/soe_research/article/2167/viewcontent/Transformation_of_the_Urban_Rail_Sector_PPP.pdf |
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