Private sector participation in light rail-light metro transit initiatives
Mandri-Perrott, Cledan
Private sector participation in light rail-light metro transit initiatives - Washington D.C. World Bank 2010 - xxiii,289.vip.
CONTENTS Foreword XII Acknowledgments XV Glossary XVI Abbreviations XVIII Case Studies XXII Overview Chapter 1 Urban Transport and Light Rail-Light Metro Transit 1.1: Introduction 9 1.2: Urban Transport Policy 10 1.3: Defining Light Rail-Metro Transit Systems 1.4: Planning and Selecting Transportation Solutions 12 1.5: Characteristics of LRMT Systems 17 1.6: Influences on LRMT Policy Decisions 19 1.7: Achieving Value for Money 22 1.8: The Customer Approach 27 Chapter 2 Technical Issues 2.1: Complexity and Size of Projects29 2.2: Route Selection 34 2.3: Integration 35 2.4: Segregated versus Nonsegregated Systems'37 2.5: Capacity and Service Reliability 38 2.6: Selecting Rolling Stock and Planning for Asset Management40 2.7: Ticketing and Barriers41 Chapter 3 Incorporating Private Sector Participation in LRMT Initiatives 3.1: Key Requirements for a Successful PPP 45 3.2: Partnerships between Public and Private Institutions 4 3.3: Models of Private Participation y 3.4: The PPP Arrangement: Four Stages of Development and Implementation 53 Checklist: Incorporating Private Sector Participation in LRMT Initiatives 61 Chapter 4 Understanding and Managing Risk 4.1: Analyzing Responsibilities and Risks 63 4.2: Common Risks and Responsibilities 65 4.3: Political and Macroeconomic Risks 65 4.4: Risks Specific to the LRMT Sector 70 4.5: Project-Related Risks 74 4.6: Risks Associated with Managing the PPP Agreement 78 4.7: Managing the Demand or Farebox Risk 81 Checklist: Risk Allocation 85 Chapter 5 Public-Private Partnership Design, Specifications, and Performance Management 5.1: Setting Service Standards 88 5.2: Costing 90 5.3: Determining Fares and Subsidy Requirements 92 5.4: PPP Agreement Duration: Factors to Consider 95 5.5: PPP Project Financial Structure and Design 96 5.6: Performance Management and Control 98 Checklist: PPP Design Specifications and Performance Management 107 Chapter 6 Funding and Finance 6.1: Sources of Funds for LRMT Initiatives 109 6.2: Funding through Captured Externalities no 6.3: Considering Bankability m 6.4: Structuring Finance for LRMT Projects 114 6.5: Private Financing for LRMT Projects 8 6.6: The Need for Public Support 9 6.7: Multilateral and Bilateral Financial Organizations 122 6.8: Sources of Public Support and Incentives 123 6.9: Funding Ongoing Investment Needs 123 6.10: Developing a Project Finance Model 124 6.11: Considering and Valuing Contingent Liabilities 126 6.12: Hedging 126 6.13: Refinancing 127 Checklist: Funding and Finance 129 Chapter 7 Contractual Arrangements 7.1 Legal Framework131 7.2 Contract Form134 7.3 General Design of the PPP Agreement: One Contract or More? 140 7.4 PPP Contractual Issues 145 7.5 Provisions during Development Stages 147 7.6 Provisions Related to Construction and Assets 148 7.7 Provisions Related to Service Obligations 152 7.8 Availability Payments and Other Sources of Revenue for the Developer 154 7.9 Provisions Applying to Financing 155 7.10 Provisions Applying to Implementation 156 Checklist: Contractual Arrangements 164 Chapter 8 Procurement 8.1 Choosing a Selection Method 169 8.2 Managing the Bidding Process 170 8.3 Selection Criteria and Bid Evaluation 172 8.4 Prequalification 174 8.5 Choosing the Bidding Process 176 8.6 Final Request for Proposals 179 8.7 Submission, Opening, and Comparison of Bids 182 8.8 Final Selection 186 8.9 Unsolicited Proposals and Direct Negotiations j88 8.10 Contractual Issues t88 8.11 Negotiating with Preferred Bidders 189 8.12 Other Procurement Issues 189 Checklist: Procurement igt Chapter 9 Conclusions 9.1 Value for Money in LRMT Concessions and Other Public-Private Partnerships 93 9.2 The Value of Private Finance194 9.3 Developing a Strategy for Success 94 9.4 Managing Fares Intelligently196 9.5 The Structure of Public Support Determines Outcomes197 9.6 Managing Demand is Crucial to Success 95 9.7 Partners' Other Interests Matter'99 9.8 International Sporting Events and LRMT 99 9.9 Recommendations for Procurement 201 9.10 Final Thoughts203 Bibliography 291
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Private sector participation in light rail-light metro transit initiatives - Washington D.C. World Bank 2010 - xxiii,289.vip.
CONTENTS Foreword XII Acknowledgments XV Glossary XVI Abbreviations XVIII Case Studies XXII Overview Chapter 1 Urban Transport and Light Rail-Light Metro Transit 1.1: Introduction 9 1.2: Urban Transport Policy 10 1.3: Defining Light Rail-Metro Transit Systems 1.4: Planning and Selecting Transportation Solutions 12 1.5: Characteristics of LRMT Systems 17 1.6: Influences on LRMT Policy Decisions 19 1.7: Achieving Value for Money 22 1.8: The Customer Approach 27 Chapter 2 Technical Issues 2.1: Complexity and Size of Projects29 2.2: Route Selection 34 2.3: Integration 35 2.4: Segregated versus Nonsegregated Systems'37 2.5: Capacity and Service Reliability 38 2.6: Selecting Rolling Stock and Planning for Asset Management40 2.7: Ticketing and Barriers41 Chapter 3 Incorporating Private Sector Participation in LRMT Initiatives 3.1: Key Requirements for a Successful PPP 45 3.2: Partnerships between Public and Private Institutions 4 3.3: Models of Private Participation y 3.4: The PPP Arrangement: Four Stages of Development and Implementation 53 Checklist: Incorporating Private Sector Participation in LRMT Initiatives 61 Chapter 4 Understanding and Managing Risk 4.1: Analyzing Responsibilities and Risks 63 4.2: Common Risks and Responsibilities 65 4.3: Political and Macroeconomic Risks 65 4.4: Risks Specific to the LRMT Sector 70 4.5: Project-Related Risks 74 4.6: Risks Associated with Managing the PPP Agreement 78 4.7: Managing the Demand or Farebox Risk 81 Checklist: Risk Allocation 85 Chapter 5 Public-Private Partnership Design, Specifications, and Performance Management 5.1: Setting Service Standards 88 5.2: Costing 90 5.3: Determining Fares and Subsidy Requirements 92 5.4: PPP Agreement Duration: Factors to Consider 95 5.5: PPP Project Financial Structure and Design 96 5.6: Performance Management and Control 98 Checklist: PPP Design Specifications and Performance Management 107 Chapter 6 Funding and Finance 6.1: Sources of Funds for LRMT Initiatives 109 6.2: Funding through Captured Externalities no 6.3: Considering Bankability m 6.4: Structuring Finance for LRMT Projects 114 6.5: Private Financing for LRMT Projects 8 6.6: The Need for Public Support 9 6.7: Multilateral and Bilateral Financial Organizations 122 6.8: Sources of Public Support and Incentives 123 6.9: Funding Ongoing Investment Needs 123 6.10: Developing a Project Finance Model 124 6.11: Considering and Valuing Contingent Liabilities 126 6.12: Hedging 126 6.13: Refinancing 127 Checklist: Funding and Finance 129 Chapter 7 Contractual Arrangements 7.1 Legal Framework131 7.2 Contract Form134 7.3 General Design of the PPP Agreement: One Contract or More? 140 7.4 PPP Contractual Issues 145 7.5 Provisions during Development Stages 147 7.6 Provisions Related to Construction and Assets 148 7.7 Provisions Related to Service Obligations 152 7.8 Availability Payments and Other Sources of Revenue for the Developer 154 7.9 Provisions Applying to Financing 155 7.10 Provisions Applying to Implementation 156 Checklist: Contractual Arrangements 164 Chapter 8 Procurement 8.1 Choosing a Selection Method 169 8.2 Managing the Bidding Process 170 8.3 Selection Criteria and Bid Evaluation 172 8.4 Prequalification 174 8.5 Choosing the Bidding Process 176 8.6 Final Request for Proposals 179 8.7 Submission, Opening, and Comparison of Bids 182 8.8 Final Selection 186 8.9 Unsolicited Proposals and Direct Negotiations j88 8.10 Contractual Issues t88 8.11 Negotiating with Preferred Bidders 189 8.12 Other Procurement Issues 189 Checklist: Procurement igt Chapter 9 Conclusions 9.1 Value for Money in LRMT Concessions and Other Public-Private Partnerships 93 9.2 The Value of Private Finance194 9.3 Developing a Strategy for Success 94 9.4 Managing Fares Intelligently196 9.5 The Structure of Public Support Determines Outcomes197 9.6 Managing Demand is Crucial to Success 95 9.7 Partners' Other Interests Matter'99 9.8 International Sporting Events and LRMT 99 9.9 Recommendations for Procurement 201 9.10 Final Thoughts203 Bibliography 291
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