Private Sector Participation in Light Rail-Light Metro Transit Initiatives
This book aims to help governments and public authorities to establish effective light rail-light metro transit (LRMT) systems, and focuses on use of Public-Private Participation (PPP) arrangements. Rather than identify a single approach, authors p...
| Main Authors: | , |
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| Format: | Publication |
| Language: | English |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100219025419 http://hdl.handle.net/10986/2416 |
| Summary: | This book aims to help governments and
public authorities to establish effective light rail-light
metro transit (LRMT) systems, and focuses on use of
Public-Private Participation (PPP) arrangements. Rather than
identify a single approach, authors 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 of this text 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. The authors 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: 1)
urban transport and LRMT: an overview of urban transport
policy, the characteristics of LRMT schemes and the
influences on LRMT policies; 2) technical issues: a brief
review of some key technical issues inherent in LRMT schemes
and their potential impact on PPP design and implementation;
3) incorporating private sector participation in LRMT
initiatives: what PPP has to offer, and an overview of the
issues and stages public authorities follow to establish
successful LRMT PPP arrangements; 4) understanding and
managing risk: analyzing and allocating risks and
responsibilities among stakeholders in the LRMT scheme and
practical ways of designing risk allocation rules; 5) PPP,
design, specifications and performance management: setting
service standards and specifications and establishing
associated costs; developing of performance and payment
indicators and managing compliance; 6) funding and finance:
large LRMT capital and system maintenance requirements
require strong financing arrangements. The practical use of
public and private financing mechanisms under PPP
arrangement is reviewed; 7) developing a PPP agreement:
looking at the main types of PPP agreements, an outline
framework for developing the contractual arrangement is
developed through re-view of key issues; 8) procurement:
reviewing the approaches that the public authority can use
to select the private partner; and 9) conclusions. |
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