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- W657402918 abstract "Metro projects in developing countries are being increasingly developed as public/private ventures, which may help transcend the deterministic approach to project evaluation prevalent in the public sector. Here, tension may develop between the focus of the private partner on costs and revenues of a given option being pursued, and the need of the public partner to ensure against pursuing a wrong technology by studying options that will never be implemented . The paper proposes that the planning process be staged, first for the public partners to decide whether to commit funds for a high-cost study of one preferred option, then for all partners to decide whether to invest in its implementation, and on what terms. Economic cost-benefit analysis, the main decision aid at the second stage, requires not only higher-level costing but also traffic models oriented towards early years of operation, to permit better risk identification and allocation." @default.
- W657402918 created "2016-06-24" @default.
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- W657402918 date "1998-01-01" @default.
- W657402918 modified "2023-09-26" @default.
- W657402918 title "STAGING ECONOMIC AND FINANCIAL EVALUATION OF METROS IN DEVELOPING COUNTRIES" @default.
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