New Aspects of Socioeconomic Assessment of the Railway Infrastructure Project Life Cycle

Hromádka, Vít; Korytářová, Jana; Vítková, Eva; Seelmann, Herbert; Funk, Tomáš

doi:10.3390/app10207355

Cited by 8 publications

(13 citation statements)

References 19 publications

(25 reference statements)

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“…(2020) indicated that the economic and market issues were the main factors to be studied in the feasibility study of a railway construction project (Mohammed et al ., 2019). Hromádka et al. (2020) addressed the issue of evaluation of socioeconomic impacts of occurrences emerging from railway infrastructure.…”

Section: Literature Reviewmentioning

confidence: 99%

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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Section: Literature Reviewmentioning

confidence: 99%

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

AlKheder

Abdullah

Sayegh

2022

IJSE

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“…The parameters of the average occurrence in passenger transport can be derived from the Database of Occurrences [19]. The average occurrence in passenger transport causes the following societal impacts, which are derived from the database of Occurrences [19] using the approach defined in [21,22] where: UI P -unit impact (unit impact of the average occurrence in passenger transport, CZK/occurrence), AIH 𝑖 -average impact on health (average impact of the occurrence in passenger transport on health: 1 -fatalities, 2 -serious injuries, 3 -minor injuries, CZK/occurrence), AITD P -average impact on transport delay (average impact of the occurrence in passenger transport on travel delay, CZK/occurrence), AML P -average material loss (average material loss by the occurrence in passenger transport, CZK/occurrence).…”

Section: Passenger Rail Transportmentioning

confidence: 99%

“…The parameters of the average occurrence in freight transport can be derived from the Database of Occurrences [19]. The average occurrence in freight transport causes the following societal impacts, which are derived from the database of Occurrences [19] using the approach defined in [21,22]:…”

Section: Freight Rail Transportmentioning

confidence: 99%

“…-0.007 fatalities, -0.022 severe injuries, -0.030 minor injuries, -CZK 215,845 of material loss, -52.3 minutes of passenger transport delay, -66.5 minutes of freight transport delay. The societal impacts of the average occurrence in freight transport can be determined using the equations (3.1) and (3.2), which are common to passenger and freight transport, and equation (3.4) which is specific for freight transport [21]. Equation (3.4) was used for the assessment of the impacts of the delay of freight trains.…”

Section: Freight Rail Transportmentioning

confidence: 99%

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Archives of Civil Engineering

Funk

Hromádka

Korytářová

et al. 2022

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The issue of assessing socio-economic impacts represent a key element of the decisionmaking process on the implementation of major public investment projects. The correctness of the decision depends both on the chosen principle of the socio-economic analysis and the input data. The presented article focuses on updating selected input values for the socio-economic assessment of railway infrastructure projects. Specifically, the simplified values of the estimated rail accidents costs. Accident costs are used for considering the change in the safety. At present, these values, which are also stated in the national methodological resources, are based on statistical data of the entire European Union and thus do not reflect the possible national specifics of projects implemented in the territory of individual Member States. The principle of updating values is from a methodological point of view based on the original calculation principles, however, involves a set of information items on the occurrences that emerged in the past in a specific area. The output of the article is a set of methodological steps considering national conditions when determining the average accident costs, subsequently verified on a case study of the railway network in the Czech Republic. The outputs of the presented article directly build on the results of the research project in which the team of article authors has been involved. The research results refer to different values of accident costs uniformly determined for the entire European Union territory and those determined individually for the conditions of the railway infrastructure in the Czech Republic.

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“…The construction project should consider cost management approaches from the buildings' whole life cycle perspective. Life cycle cost management plays an important role that focuses on cost optimization [1]. However, this approach has more potential for use than is currently utilized.…”

Section: Introductionmentioning

confidence: 99%

The Implementation Factors of Information and Communication Technology in the Life Cycle Costs of Buildings

et al. 2021

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Life cycle cost management is an integral part of buildings construction. The life cycle cost approach can be considered an objective approach because it considers all life cycles of buildings. Information and communication technology is one of the critical factors for the success of construction projects. Several studies point to the importance of information and communication technology use in life cycle cost management. Generally, information and communication technology can be helpful in the cost management process of buildings. However, few implementation factors of information and communication technology are used in the life cycle cost management of buildings. The research assumes that the most critical implementation factor is the investment cost for information and communication technologies used in cost management during the life cycle. The relative importance index method was used to evaluate and quantify the final rank of implementation factors. The Kruskal–Wallis test was used to confirm or reject research results that were statistically significant.

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New Aspects of Socioeconomic Assessment of the Railway Infrastructure Project Life Cycle

Cited by 8 publications

References 19 publications

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

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

Archives of Civil Engineering

The Implementation Factors of Information and Communication Technology in the Life Cycle Costs of Buildings

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