Private Sector Participation in
            Light Rail-Light Metro Transit Initiatives

Mandri-Perrott, Cledan; Menzies, Iain

dc.creator	Mandri-Perrott, Cledan
dc.creator	Menzies, Iain
dc.date	2012-03-19T09:33:05Z
dc.date	2012-03-19T09:33:05Z
dc.date	2010
dc.date.accessioned	2023-02-17T20:36:06Z
dc.date.available	2023-02-17T20:36:06Z
dc.identifier	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
dc.identifier	978-0-8213-8085-7
dc.identifier	http://hdl.handle.net/10986/2416
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242829
dc.description	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.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	AIRPORTS
dc.subject	ALTERNATIVE ROUTES
dc.subject	ANNUAL PAYMENTS
dc.subject	ASSET MANAGEMENT
dc.subject	BALANCE SHEET
dc.subject	BASIC COST
dc.subject	BEST PRACTICES
dc.subject	BID
dc.subject	BORROWING
dc.subject	BUDGET DEFICIT
dc.subject	BUSINESS CYCLE
dc.subject	CALCULATIONS
dc.subject	CAPACITY BUILDING
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INVESTMENTS
dc.subject	CAPITAL MARKETS
dc.subject	CARS
dc.subject	CASH FLOW
dc.subject	CHECKS
dc.subject	COLLATERAL
dc.subject	COMPETITIVE BIDDING
dc.subject	CONGESTION
dc.subject	CONTINGENT LIABILITIES
dc.subject	CONTRACT LAW
dc.subject	CONTRACT RENEGOTIATION
dc.subject	CONTRACT RENEGOTIATIONS
dc.subject	CONTRIBUTION
dc.subject	CONTRIBUTIONS
dc.subject	COST OF CAPITAL
dc.subject	CREDIT ENHANCEMENT
dc.subject	CREDIT RATING
dc.subject	CREDIT RATINGS
dc.subject	DEBT
dc.subject	DEBT FINANCING
dc.subject	DEBT REPAYMENT
dc.subject	DEBT SERVICE
dc.subject	DEBT SERVICING
dc.subject	DEBT-SERVICE
dc.subject	DEMAND FOR TRANSPORT
dc.subject	DEPRECIATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT BANK
dc.subject	DIVERSIFICATION
dc.subject	DOUBLE TAXATION
dc.subject	DRIVERS
dc.subject	DRIVING
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMICS
dc.subject	EIB
dc.subject	EMERGING MARKETS
dc.subject	ENFORCEMENT OF CONTRACT
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	FINANCIAL ANALYSIS
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL DISTRESS
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL RESOURCES
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL TROUBLE
dc.subject	FISCAL CONSTRAINTS
dc.subject	FISCAL DISCIPLINE
dc.subject	FISCAL POSITIONS
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RISK
dc.subject	FOREIGN INVESTMENT
dc.subject	FREE ROADS
dc.subject	GLOBAL BUSINESS
dc.subject	GOVERNMENT BUDGET
dc.subject	GOVERNMENT FINANCING
dc.subject	GOVERNMENT POLICY
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	HIGHWAY
dc.subject	HIGHWAY NETWORK
dc.subject	HIGHWAYS
dc.subject	HOLDING
dc.subject	INCOME
dc.subject	INFLATION
dc.subject	INFLATION RATE
dc.subject	INFORMATION ASYMMETRY
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INFRASTRUCTURE INVESTMENTS
dc.subject	INFRASTRUCTURE PROJECTS
dc.subject	INSTITUTIONAL CAPACITY
dc.subject	INSTRUMENT
dc.subject	INTEREST RATE
dc.subject	INTERNAL RATE OF RETURN
dc.subject	INTERNATIONAL AIRPORT
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL FINANCIAL INSTITUTION
dc.subject	INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject	INTERNATIONAL TRADE
dc.subject	INTERNATIONAL TRADE LAW
dc.subject	INVESTING
dc.subject	INVESTMENT ACTIVITY
dc.subject	INVESTMENT BANK
dc.subject	INVESTMENT PROGRAMS
dc.subject	INVESTMENT PROJECTS
dc.subject	LANES
dc.subject	LAWS
dc.subject	LEGAL ENVIRONMENT
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL PROTECTIONS
dc.subject	LEGISLATION
dc.subject	LEGISLATIVE FRAMEWORK
dc.subject	LENDERS
dc.subject	LEVY
dc.subject	LIABILITY
dc.subject	LLC
dc.subject	LOCAL GOVERNMENTS
dc.subject	MACROECONOMIC CONDITIONS
dc.subject	MAJOR ASSET
dc.subject	MARKET ECONOMY
dc.subject	MATURE CAPITAL MARKETS
dc.subject	MATURITIES
dc.subject	MATURITY
dc.subject	MINISTRIES OF FINANCE
dc.subject	MONETARY FUND
dc.subject	MOTORWAYS
dc.subject	MUNICIPALITIES
dc.subject	NATIONAL ECONOMIES
dc.subject	PASSENGER TRANSPORT
dc.subject	PERFORMANCE RISK
dc.subject	POLITICAL UNCERTAINTY
dc.subject	POOR CREDIT
dc.subject	POOR CREDIT RATING
dc.subject	POTENTIAL INVESTORS
dc.subject	POVERTY ALLEVIATION
dc.subject	PRESENT VALUE
dc.subject	PRIVATE FINANCE
dc.subject	PRIVATE FINANCING
dc.subject	PRIVATE FUNDS
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE INVESTORS
dc.subject	PRIVATE PARTIES
dc.subject	PRIVATE PARTY
dc.subject	PRIVATE SECTOR INVESTMENT
dc.subject	PRIVATE TRANSPORT
dc.subject	PRODUCTIVITY
dc.subject	PROFITABILITY
dc.subject	PUBLIC AGENCIES
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC GOOD
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC SERVICE PROVISION
dc.subject	PUBLIC SERVICES
dc.subject	QUANTITATIVE ANALYSIS
dc.subject	RAILROADS
dc.subject	RAILWAY
dc.subject	RAILWAY SECTOR
dc.subject	RAILWAYS
dc.subject	RAPID DEVELOPMENT
dc.subject	RECESSION
dc.subject	RECURRENT EXPENDITURE
dc.subject	REGIONAL TRANSPORT
dc.subject	REGULATORY FRAMEWORK
dc.subject	RENEGOTIATION
dc.subject	RENEGOTIATIONS
dc.subject	RETURN ON EQUITY
dc.subject	RETURN ON INVESTMENT
dc.subject	RETURNS
dc.subject	RISK MANAGEMENT
dc.subject	RISK MITIGATION
dc.subject	RISK PROFILE
dc.subject	RISK SHARING
dc.subject	ROAD
dc.subject	ROAD INFRASTRUCTURE
dc.subject	ROAD NETWORK
dc.subject	ROAD PROJECTS
dc.subject	ROAD SECTOR
dc.subject	ROAD SYSTEM
dc.subject	ROAD USE
dc.subject	ROAD USERS
dc.subject	ROADS
dc.subject	SAFETY
dc.subject	SAVINGS
dc.subject	SHAREHOLDERS
dc.subject	STAKEHOLDERS
dc.subject	STATE PROPERTY
dc.subject	SUBSIDIARY
dc.subject	TAXATION
dc.subject	TECHNICAL ASSISTANCE
dc.subject	TELECOMMUNICATIONS
dc.subject	TOLL
dc.subject	TOLL COLLECTION
dc.subject	TOLL MOTORWAY
dc.subject	TOLL MOTORWAYS
dc.subject	TOLL ROAD
dc.subject	TOLL ROADS
dc.subject	TOLLS
dc.subject	TOTAL ANNUAL INVESTMENT
dc.subject	TOTAL COST
dc.subject	TRAFFIC
dc.subject	TRAFFIC DEMAND
dc.subject	TRAFFIC LEVELS
dc.subject	TRAFFIC RISK
dc.subject	TRAFFIC VOLUMES
dc.subject	TRAM
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSIT
dc.subject	TRANSITION COUNTRIES
dc.subject	TRANSPARENCY
dc.subject	TRANSPORT
dc.subject	TRANSPORT INFRASTRUCTURE
dc.subject	TRANSPORT INVESTMENT
dc.subject	TRANSPORT INVESTMENTS
dc.subject	TRANSPORT NETWORK
dc.subject	TRANSPORT PROJECTS
dc.subject	TRANSPORT SECTOR
dc.subject	TRANSPORT SYSTEMS
dc.subject	TREASURY
dc.subject	TREATY
dc.subject	VALUABLE
dc.subject	VEHICLE
dc.subject	VEHICLES
dc.subject	WORTH
dc.title	Private Sector Participation in Light Rail-Light Metro Transit Initiatives
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication