Analysis of public-private partnership models in high-speed railway transport in Portugal

González-Medrano, Mario; Martín, Tomás García

doi:10.1016/j.trpro.2021.11.005

Cited by 4 publications

(1 citation statement)

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“…Public-private partnerships is considered as one of the right schemes for funding the project because business entities can effectively bridge the limited financial resources of the government (Christiansen, 2008;Chang, 2013;Rahman et al, 2019). This type of financing scheme has many risks and challenges (González-Medrano & Martín, 2021;Huang et al, 2022). Many studies have shown that PPP financing schemes have not been able to achieve the goal of obtaining decent financial results.…”

Section: J Omentioning

confidence: 99%

Public-private partnerships scheme of pioneer train case study in South Sumatera area

RACHMAN,

ARLIANSYAH,

KADARSA

2024

srees

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Pioneer trains in Indonesia have been fully funded by the government. The construction needs a lot of funding that would burden the state budget. One of the alternatives is the public-private partnership scheme. This study aims to analyze the most effective unbundling scenario for financing and maintaining the Indralaya-Tanjung Senai train. The life cycle costs and conducting sensitivity analysis according to applicable regulations. The scenarios are based on ticket price increases and government support for the operation and maintenance (O&M) for this pioneer train route, calculated net present value (NPV) and internal rate of return (IRR) value. Scenario 1 assumes that tickets do not receive subsidies; private companies are responsible for O&M costs. Scenario 2 assumes that ticket prices are set by private companies; the government is responsible for procurement and maintenance costs. Scenario 3 assumes that the government provides subsidies of IDR 10,000 per passenger as well as railway infrastructure; private companies bear the cost of procuring railbuses and operational expenses. Based on calculations with Scenario 1 NPV is IDR 0.73 billion; with Scenario 2 is IDR 4.64 billion and with Scenario 3 is IDR (–)1.34 billion. The analysis shows that increasing passenger fares according to price raises and inflation rates, and subsidies from governments for maintenance costs will make this railroad project financially feasible.

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