Private Sector Participation in Light Rail-Light Metro Transit Initiatives
324 pages

Private Sector Participation in Light Rail-Light Metro Transit Initiatives


YouScribe est heureux de vous offrir cette publication
324 pages
YouScribe est heureux de vous offrir cette publication


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, 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 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. 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:
1. Urban Transport and Light Rail/Light Metro Transit (LRMT)
2. Selected Technical Aspects
3. Incorporating Private Sector Participation in LRMT Initiatives
4. Understanding and Allocating Risk
5. Specifications, Oversight and Performance Management
6. Funding and finance
7. Developing a PPP Agreement
8. Procurement
9. Conclusions and Recommendations



Publié par
Publié le 21 janvier 2010
Nombre de lectures 22
EAN13 9780821381304
Langue English
Poids de l'ouvrage 19 Mo


© 2010 The International Bank for Reconstruction and Development/The World Bank
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Washington, DC 20433
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This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The findings,
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All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank,
1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2422; e-mail:
ISBN: 978-0-8213-8182-3
eISBN: 978-0-8213-8130-4
DOI: 10.1596/978-0-8213-8182-3
ISBN: 978-0-8213-8085-7
eISBN: 978-0-8213-8130-4
DOI: 10.1596/978-0-8213-8085-7
Library of Congress Cataloging-in-Publication Data has been applied for.
Cover photo: (stock.xchng website)
Cover design: Graphic Designer Carlos Eduardo González GarzaContents
Foreword XII Chapter 4
Acknowledgments XV Understanding and Managing Risk
Glossary XVI 634.1: Analyzing Responsibilities and Risks
Abbreviations XVIII 654.2: Common Risks and Responsibilities
Case Studies XXII 654.3: Political and Macroeconomic Risks
Overview 1 704.4: Risks Specific to the LRMT Sector
744.5: Project-Related Risks
Chapter 1 4.6: Risks Associated with Managing the PPP Agreement 78
Urban Transport and Light Rail–Light Metro Transit 814.7: Managing the Demand or Farebox Risk
91.1: Introduction 85Checklist: Risk Allocation
101.2: Urban Transport Policy
111.3: Defining Light Rail–Metro Transit Systems Chapter 5
121.4: Planning and Selecting Transportation Solutions Public-Private Partnership Design, Specifications,
171.5: Characteristics of LRMT Systems and Performance Management
191.6: Influences on LRMT Policy Decisions 5.1: Setting Service Standards 88
221.7: Achieving Value for Money 5.2: Costing 90
271.8: The Customer Approach 5.3: Determining Fares and Subsidy Requirements 92
955.4: PPP Agreement Duration: Factors to Consider
Chapter 2 965.5: PPP Project Financial Structure and Design
Technical Issues 985.6: Performance Management and Control
2.1: Complexity and Size of Projects 29 Checklist: PPP Design Specifications and Performance
2.2: Route Selection 34 107 Management
2.3: Integration 35
2.4: Segregated versus Nonsegregated Systems 37 Chapter 6
2.5: Capacity and Service Reliability 38 Funding and Finance
2.6: Selecting Rolling Stock and Planning for Asset 1096.1: Sources of Funds for LRMT Initiatives
Management 40 1106.2: Funding through Captured Externalities
2.7: Ticketing and Barriers 41 1116.3: Considering Bankability
1146.4: Structuring Finance for LRMT Projects
1186.5: Private Financing for LRMT Projects
Chapter 3 1196.6: The Need for Public Support
Incorporating Private Sector Participation 1226.7: Multilateral and Bilateral Financial Organizations
in LRMT Initiatives 1236.8: Sources of Public Support and Incentives
453.1: Key Requirements for a Successful PPP 1236.9: Funding Ongoing Investment Needs
483.2: Partnerships between Public and Private Institutions 1246.10: Developing a Project Finance Model
3.3: Models of Private Participation 51 1266.11: Considering and Valuing Contingent Liabilities
3.4: The PPP Arrangement: Four Stages of Development 1266.12: Hedging
53 and Implementation 1276.13: Refinancing
Checklist: Incorporating Private Sector Participation in 129Checklist: Funding and Finance
LRMT Initiatives 61Chapter 7 Chapter 9
Contractual Arrangements Conclusions
7.1 Legal Framework 131 9.1 Value for Money in LRMT Concessions
1937.2 Contract Form and Other Public-Private Partnerships134
1947.3 General Design of the PPP Agreement: 9.2 The Value of Private Finance
140 194 One Contract or More? 9.3 Developing a Strategy for Success
145 1967.4 PPP Contractual Issues 9.4 Managing Fares Intelligently
1977.5 Provisions during Development Stages 147 9.5 The Structure of Public Support Determines Outcomes
1987.6 Provisions Related to Construction and Assets 148 9.6 Managing Demand is Crucial to Success
1997.7 Provisions Related to Service Obligations 152 9.7 Partners’ Other Interests Matter
1997.8 Availability Payments and Other Sources of Revenue 9.8 International Sporting Events and LRMT
201 for the Developer 154 9.9 Recommendations for Procurement
2037.9 Provisions Applying to Financing 155 9.10 Final Thoughts
7.10 Provisions Applying to Implementation 156
Checklist: Contractual Arrangements 164
205Chapter 8 Annex 1: Selected Case Studies
Procurement - Manchester Metrolink - United Kingdom 209
1698.1 Choosing a Selection Method - Docklands Light Railway - London, United Kingdom 215
1708.2 Managing the Bidding Process - Kuala Lumpur STAR and PUTRA - Malaysia 222
1728.3 Selection Criteria and Bid Evaluation - Gautrain Rapid Rail Link - Gauteng Province, South Africa 227
1748.4 Prequalification - MRT 3 'Metrostar Express' - Manila, Philippines 233
2388.5 Choosing the Bidding Process 176 - Bangkok Skytrain - Thailand
2438.6 Final Request for Proposals 179 - Canada Line - Vancouver, Canada
2518.7 Submission, Opening, and Comparison of Bids 182 Annex 2: Targeting the Urban Poor and Access for All
2558.8 Final Selection 186 Annex 3: Analytic and Advisory Work Required
2618.9 Unsolicited Proposals and Direct Negotiations 188 Annex 4: Sample LRMT Risk Matrix
8.10 Contractual Issues Annex 5: Examples of International Standards188
2698.11 Negotiating with Preferred Bidders for Rolling Stock189
8.12 Other Procurement Issues Annex 6: Other Specifications Commonly Included189
273Checklist: Procurement 191 in LRMT Contracts
Annex 7: Technical and Financial Proposals: Checklists 279
Annex 8: Unsolicited Proposals 283

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