Including negative externalities during transport infrastructure construction in assessment of investment projects

Raicu, Şerban; Costescu, Dorinela; Popa, Mihaela; Roșca, Mircea

doi:10.1186/s12544-019-0361-9

Cited by 13 publications

(9 citation statements)

References 30 publications

(39 reference statements)

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“…The urban transportation system affects the spatial distribution of population and economic activities. It promotes social and economic activities through transportation connectivity, but also generates negative externalities like increased carbon dioxide emissions and environmental global warming ( Raicu et al, 2019 ). Despite the pandemic, the rapid recovery and effective operation of the urban transportation system is vital to social and economic recovery.…”

Section: Introductionmentioning

confidence: 99%

Impacts of COVID-19 and anti-pandemic policies on urban transport—an empirical study in China

et al. 2021

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The COVID-19 pandemic that began in the last quarter of 2019 seriously impacted the transportation industry. Countries around the world adopted various restrictions and policies to prevent the spread of the pandemic, which resulted in a sharp drop in the demand for transportation. China was the first country to detect the pandemic and the fastest to recover. Existing policies and impacts were reviewed to analyze the impact of the pandemic on China's urban transportation sector and propose measures that may be taken to reduce the impact of COVID-19. This study reviews the impact on urban transportation system operations and how government should respond to a viral pandemic. The recovery measures during and after the pandemic and their hierarchical response system are analyzed. Furthermore, to empirically explore the effect of the recovery measures, this study adopted the Event Study Methodology (ESM) to quantitatively analyze the impact of the epidemic as well as anti-pandemic policies on the traffic flow sequence in the resurgence of COVID-19 in Beijing. The research findings provided solid policy implications and experiences for constructing sustainable urban transportation system and improve flexibility, reliability, and resilience of traffic governance in post-pandemic era.

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Section: Introductionmentioning

confidence: 99%

Impacts of COVID-19 and anti-pandemic policies on urban transport—an empirical study in China

et al. 2021

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Section: Literature Reviewmentioning

confidence: 99%

“…Recent economic catastrophes, especially those associated with coronavirus disease 2019 (covid-19) pandemic, had threatened investments in mega-infrastructure projects such as railways construction (Hilmola and Panova, 2020;Raicu et al, 2019). All planning aspects related to rail infrastructure design and investment budget should be properly addressed to match the master plan of the city (Fernandez-Rodriguez et al, 2015;Suroso et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Danchenko (2016) "sees an expression of the social effect from the implementation of an investment project in a direct form (construction and further operation of the facility) and indirect (formation of tax revenues, an increase in investment in sectoral and regional development)". Recently, assessments of transport infrastructure external effects are utilized for project appraisal and ranking (Fedorova, 2019;Raicu et al, 2019). Amongst these effects are the growth of gross domestic and gross regional product, agglomeration effects (Lapidus and Nesterov, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

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A socio-economic study for establishing an environment-friendly metro in Kuwait

AlKheder

Abdullah

Sayegh

2022

IJSE

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Purpose This paper aimed to study the optimal way to implement and subsequently manage the new metropolitan lines in the Kuwait city as well as to justify them from a social and economic-financial viability standpoint and the most important aspects of transport infrastructure projects viability. The implementation of new modes of transport in an urban environment requires the study of several factors that allow their incorporation on the transport system in the most efficient method. These factors include reviewing the organization of the transport system. The concept of transport system organization, financing models and common trends was defined. Finally, the Public Transport Authority was created to define global objectives and establish specific policies to achieve them was suggested.Design/methodology/approach After the analysis of the “status quo” of transport systems organization, the financing and management schemes, both infrastructure projects and the provision of rail service were analysed. The characteristics of the PPP scheme (Public–Private Participation) contract, advantages and disadvantages, its structure, and the definition and share of risk (matrix of risk, rights and obligations of the parties) as a key element of the PPP contracts were defined. From this point onwards, the legal framework in force in Kuwait was analysed, particularly the administrative and commercial regulations applying to this project and the authors verified that the economic-financial viability analysis suggested before can be established under this framework.Findings For the viability of these alternatives, the authors developed a simulation economic-financial model that reflects Financial Statements for the “Society Vehicle Project” and are considered some minimum thresholds of profitability, both from the viewpoint of the partners sponsoring the project as from the standpoint of lenders, which make attractive participation of private initiative. Finally, there was a short socio-economic analysis to justify the project implementation from a social standpoint. It analyses and quantifies the reduction of operating expenses of other modes of transport, travelling times, accident rates, environmental pollution etc. All these factors affect the quality of life of the population of Kuwait and are the main reason to carry out this project. Several recommendations were raised that aimed at preparing the projects, bidding and selection of private partner and the articulation and implementation of projects.Originality/value This research contributes to the existing body of knowledge through setting the framework for metro projects in arid regions with the hottest temperature on Earth such as Kuwait where such projects are missing completely. This work will be very helpful to governments and municipalities in taking investment decisions. It sets the strategy for utilizing the best of decision-making theory, identifying the reliability advantages and finding the larger economic effects. This work identified, through the analysis of alternative management options generally used in underground and rail projects in different parts of the world, the most convenient alternative in developing countries. It also clearly showed, through the analysis carried out on governmental contributions, how to obtain economic viability for such types of projects. Finally, it helped drawing a roadmap for preparing the projects, bidding and selection of private partner and the articulation and implementation of projects in Kuwait and Gulf Cooperation Countries (GCC).

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“…Infrastructure externalities are gradually considered in decision making [88]. The quantitative evaluation of the external effects of the infrastructure is the precondition for proposing public policies or internalization mechanisms.…”

Section: Three-dimensional Evaluation Of Infrastructure Externalitiesmentioning

confidence: 99%

A Scientometric Analysis and Overview of Research on Infrastructure Externalities

Zhu

Yuan

et al. 2021

Buildings

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There is a growing level of concern regarding infrastructure externalities globally. However, most of the previous relevant reviews were undertaken manually and few of them covered all infrastructure systems. This study conducted a scientometric analysis and overview of the research on externalities of all infrastructure systems. The analysis results of 743 articles that were rigorously selected first showed the increasing trend of research interest in infrastructure externalities. Moreover, the results demonstrated productive and influential journals, scholars, and institutions, and their collaboration networks. Furthermore, research on the spillover effects of the infrastructure on economic growth, airport-related externalities, road transport-related externalities, and externalities of ecosystem services and energy systems were identified as the four main research domains. The evolution of the research is reflected in the focus change from economic aspects to environment aspects, from government governance to assessing and pricing by the market, and from airport to other infrastructure systems. Additionally, this study identified the scientific knowledge base supporting each research domain. Finally, this study pointed out research gaps and future research directions in the aspects of knowledge base, multi-dimensional evaluation, and multiple governance strategies. The results could cultivate deeper and more carefully focused research into this field in the academic community, and assist policymakers and practitioners in research planning and funding efforts.

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Including negative externalities during transport infrastructure construction in assessment of investment projects

Cited by 13 publications

References 30 publications

Impacts of COVID-19 and anti-pandemic policies on urban transport—an empirical study in China

Impacts of COVID-19 and anti-pandemic policies on urban transport—an empirical study in China

A socio-economic study for establishing an environment-friendly metro in Kuwait

A Scientometric Analysis and Overview of Research on Infrastructure Externalities

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