Problems and Improvement of the Financing System for Land Transport R&D Private Investment Projects : A Case Study on the Re-financing of Road Projects in BTO

2020 ◽  
Vol 23 (2) ◽  
pp. 407-427
Author(s):  
ju-suk sul ◽  
Khee-su Bae
Keyword(s):  
Private Investment ◽  
Financing System ◽  
Investment Projects ◽  
Road Projects

Economic Results of Private Investments in the Road Infrastructure Projects: Does the HDM-4 Show the Big Picture?

2018 ◽  
Vol 23 (4) ◽  
pp. 324-345
Author(s):  
Norayr Badasyan ◽  
Hans Wilhelm Alfen
Keyword(s):  
Private Investment ◽  
Economic Benefits ◽  
Investment Projects ◽  
The Road ◽  
International Consulting ◽  
Private Investments ◽  
Big Picture ◽  
Road Projects ◽  
Development And Management ◽  
Further Development

The Highway Development and Management model (HDM-4) is a software system developed for the evaluation and optimization of the economic benefits of the road projects and is widely used both by practitioners, decision makers, international consulting companies, and academia. This article analyzes the application of the HDM-4 in the management of the private investment projects in the road sector thus trying to identify the main missing points for the evaluation of the big picture in the sector. The aim of the current study is to justify the need for the further development of a relevant plug-in tool for the HDM-4 to completely estimate the economic results of the projects in the road sector with private investments.

scholarly journals Methodology for Determining the Location of River Ports on a Modernized Waterway Based on Non-Cost Criteria: A Case Study of the Odra River Waterway

2021 ◽  
Vol 13 (6) ◽  
pp. 3571
Author(s):  
Bogusz Wiśnicki ◽  
Dorota Dybkowska-Stefek ◽  
Justyna Relisko-Rybak ◽  
Łukasz Kolanda
Keyword(s):  
Large Scale ◽  
Multicriteria Decision Making ◽  
Research Process ◽  
Optimal Selection ◽  
Investment Projects ◽  
Odra River ◽  
Research Problems ◽  
Selection Of ◽  
Construction Works

The paper responds to research problems related to the implementation of large-scale investment projects in waterways in Europe. As part of design and construction works, it is necessary to indicate river ports that play a major role within the European transport network as intermodal nodes. This entails a number of challenges, the cardinal one being the optimal selection of port locations, taking into account the new transport, economic, and geopolitical situation that will be brought about by modernized waterways. The aim of the paper was to present an original methodology for determining port locations for modernized waterways based on non-cost criteria, as an extended multicriteria decision-making method (MCDM) and employing GIS (Geographic Information System)-based tools for spatial analysis. The methodology was designed to be applicable to the varying conditions of a river’s hydroengineering structures (free-flowing river, canalized river, and canals) and adjustable to the requirements posed by intermodal supply chains. The method was applied to study the Odra River Waterway, which allowed the formulation of recommendations regarding the application of the method in the case of different river sections at every stage of the research process.

scholarly journals Análise dos Riscos em Projetos: Uma Aplicação do Método de Monte Carlo em uma Empresa do Setor Moveleiro

2018 ◽  
Vol 10 (2) ◽  
pp. 332-357
Author(s):  
Fernando Rodrigues de Amorim ◽  
Pedro Henrique Camargo de Abreu ◽  
Marco Tulio Ospina Patino ◽  
Leonardo Augusto Amaral Terra
Keyword(s):  
Monte Carlo ◽  
Investment Project ◽  
Modern Society ◽  
Exploratory Research ◽  
Investment Projects ◽  
A Value ◽  
The Monte Carlo Method ◽  
Monte Carlo Em ◽  
A Company

Globalization is a phenomenon that is present in modern society and, with its expansion, it is essential that companies can meet the constant demands of the market, but for this, it is necessary to make the best decisions and deal with various adversities related to the economy, competition, management, among others. The success of investment projects is determined by a set of techniques that must be applied so as not to compromise the viability of the project. When this viability is surrounded by uncertainties, a useful alternative to knowing the risks is the use of the Monte Carlo method. The present work aims to address the risk factors in a company of the furniture sector, using the Monte Carlo simulation to analyze the viability of this project. The methodology adopted was developed from a case study, through an exploratory research. The results showed that the investment project is viable, estimating a return between the 4th and 5th year of the project, in addition, the balance after the 10 years of investment would be around R$ 4,128,211.63, a value that represents 161.25% of the initial investment.

scholarly journals Project Delivery Methods in Large Public Road Projects – A Case Study of E6 Jaktøyen - Sentervegen

2017 ◽  
Vol 196 ◽  
pp. 391-398 ◽  
Author(s):  
Anders Haugen ◽  
Paulos Abebe Wondimu ◽  
Jardar Lohne ◽  
Ola Lædre
Keyword(s):  
Project Delivery ◽  
Delivery Methods ◽  
Public Road ◽  
Project Delivery Methods ◽  
Road Projects

Total Sustainable Evaluation for Road Projects

2021 ◽  
Vol 52 ◽  
pp. 137-148
Author(s):  
Norhan Sayed ◽  
Mohamed Abdel Hamid ◽  
Karim El-Dash
Keyword(s):  
Evaluation System ◽  
Environmental Science ◽  
Social Impacts ◽  
Future Technology ◽  
Surrounding Environment ◽  
The Social ◽  
Project Construction ◽  
Sustainable Evaluation ◽  
Road Projects

Quality of Infrastructure became indispensable to the innovation-driven development. Poor infrastructure quality means more extra costs for operation and maintenance, in addition to un-studied impacts on the surrounding environment and society. To eliminate the bad impacts and the extra costs, sustainability must be applied in all infrastructure projects. Sustainability represents one of the latest degree subjects that have various trials to connect the social science with the engineering and the environmental science with the future technology. The objective of this research is to provide an integrated sustainable evaluation system (ISES) for quantifying all impacts of road projects. The proposed evaluation system took into consideration the different phases of project including construction phase and operational phase. The different impacts of road projects were divided into three main classifications; the project economic costs to include costs of project construction and operation; the environmental impacts; and the social impacts. Furthermore, a real case study was discussed to validate the research methodology, where it was concluded that the environmental and social impacts have the main impact on project decision and according to the ISES value, the case study road has a sustainable impact on the surrounding environment and society.

Causes of road projects' delays: a case of Blantyre, Malawi

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Henry Duncan John Mwamvani ◽  
Christopher Amoah ◽  
Emma Ayesu-Koranteng
Keyword(s):  
Service Providers ◽  
Road Construction ◽  
City Council ◽  
Public Utility ◽  
Mitigation Measures ◽  
Research Approach ◽  
Content Type ◽  
Road Project ◽  
Road Projects

PurposeThe study aims to find the causes of road projects implementation delays in Blantyre, one of the four city councils (CCs) in Malawi.Design/methodology/approachThe study followed a qualitative research approach using a Blantyre City Council (BCC) as a case study. This study combined in-depth, face-to-face interviews with councillors, secretariat staff, consultants, and contractors who worked on the city's road projects. Data gathered were analysed using thematic content analysis. Also, some road project documents were examined.FindingsThe findings from the case study revealed the primary cause of road project construction delays as the shortage of engineers in conducting detailed proposed projects surveys resulting in incomplete project scope definition before contractor's procurement. Other identified factors were service providers delaying the removal of existing public utility infrastructure from project sites, client funding issues, scope changes, and client delays in issuing instructions to the contractors during project implementation. Another factor was the shortage of construction equipment and construction materials experienced by some appointed contractors.Research limitations/implicationsOnly road construction projects and stakeholders operating from Blantyre city, Malawi, were contacted for the study; thus, the findings may not be generalizable.Practical implicationsThere is an urgent need to increase technical employees, especially engineers and other critical technical staff such as quantity surveyors in Blantyre. Employees' conditions of service should be conducive to attract qualified people to undertake effective management and assessment of projects before commencement to identify the feasibility of proposed projects to decrease the rate of road construction project delays.Originality/valueThe study has established Blantyre city's core challenges in implementing its road projects seamlessly and has provided mitigation measures for dealing with the shortcomings.

scholarly journals Quantifying Delay Risk Potential of Road Projects during Construction Phase: A Case Study

2019 ◽  
Vol 280 ◽  
pp. 05009
Author(s):  
Devi Anggraini ◽  
Jati Utomo Dwi Hatmoko ◽  
Mudjiastuti Handajani
Keyword(s):  
Assessment Instrument ◽  
Structured Interviews ◽  
Risk Levels ◽  
Project Completion ◽  
Road Project ◽  
Completion Date ◽  
Road Projects ◽  
Project Risks ◽  
Risk Potential

A comprehensive plan is required to anticipate risks in a construction project. In practice, however, anticipated or unanticipated risks may eventually lead to delays in the project completion date. The aim of this research is to quantify the delay risk potential of a road project during the construction phase. A project at Batang-Kendal road has carried out thorough planning for all required aspects. However, in the implementation of a project, there is often the occurrence of irregular events, which act as a case study for this research, from which delays were identified, observations mapped and semi-structured interviews conducted with project stakeholders, i.e. owner, contractors and supervisory consultants. An instrument was developed to assess and quantify the project risks identified using a 1 to 5 Likert scale. The results showed nine types of delay risks and 32 sub risks. The quantification of these risks was classified into four risk levels, i.e. extreme (6.25%), high (53.13%), medium (34.37%) and low (6.25%). These findings may represent delay risk potentials of typical road projects during the construction phase, from which lessons can be learned. The assessment instrument proposed can also be used for other road projects, which will be beneficial for project stakeholders in anticipating delay risk potentials.

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