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Identification and Assessment of Critical Risks in High Speed Rail Projects Via Public Private Partnership in Developing Countries

Authors: Seyyed Reza Makkiabadi; Kambiz Behnia; Ali Akbari;

Identification and Assessment of Critical Risks in High Speed Rail Projects Via Public Private Partnership in Developing Countries

Abstract

Public private partnership has been used extensively in both developing and developed countries in delivering various types of projects, ranging from transportation projects, health care facility and power plants. The high speed rail projects which implemented by public private partnership in recent years has faced with difficulties. This paper aims to develop an identification and assessment method for critical risks of public private partnershiphigh speed rail project in Iran. In this research at first, risks of public private partnershiphigh speed rail projects are identified by integration of extensive literature review and Public private partnership high speed rail project experience in Iran and other countries. In the next step, the identified risks are assessed by questionnaire survey and multivariate statistical analysis. Analytical investigations show that the number of critical risks in high speed rail projects and their mean importance is higher than that of general public private partnership projects. In this study in addition of confirming pre identified risk groups consisting political and financial groups, two major groups of initialisation and contractual risks specific to high speed rail projects are identified and two groups specific to developing countries named circumstances and private risks are proposed. Because of insufficient studies and lack of experience in developing countries about transportation mega projects via Public private partnership this study can be a helpful reference for public private partnership implementation of high speed rail mega projects in developing countries.

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Keywords

Building construction, Bridge engineering, factor analysis, TG1-470, developing countries, high speed rail, public private partnership, risk identification and assessment, TH1-9745

0/8725 0/7418 [22] Norusis, M. J., "SPSS 16 advanced statistical procedures companion", Prentice-Hall, Upper Saddle River, NJ, (2008).

[23] PIRG, "Public, Private or Both? Assessing the Prospects, Promise andPitfalls of Public-Private Partnerships" U.S. PIRG Education Fund, 2011.

[24] KPMG International Rail at High Speed, "Doing Large Deals in a Challenging Environment: Lessons Learned from Portugal's First High-Speed Rail", (2010).

[25] von der Heidt, Tania, Pat Gillett, Michael B. Charles, and Neal Ryan. "Contractual arrangements and their implications for the provision of an Australian HSR system." In Infrastructure Systems and Services: Developing 21st Century Infrastructure Networks,(INFRA), (2009) 1-6.

[26] Gholamreza Havaei, G.H.,Hajihosseini, Z., " Risk Allocation in Public-Private Partnership Infrastructure Projects in Developing Countries: A Case Study of the Tehran-Chalus Toll Road", Journal of Infrastructure Systems, (2012). [OpenAIRE]

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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