Institutions for Asian Connectivity

To make Asia more economically sustainable and resilient against external shocks, regional economies need to be rebalanced toward regional demand- and trade-driven growth through increased regional connectivity. The effectiveness of connectivity depends on the quality of hard and soft infrastructure. Of particular importance in terms of soft infrastructure which makes hard infrastructure work are the facilitating institutions that support connectivity through appropriate policies, reforms, systems, and procedures and through promoting effective coordination and cooperation. Asia has many overlapping subregional institutions involved in national and regional energy, transport, and telecommunications infrastructure connectivity. However, these institutions are characterized as being less effective, informal, and lacking a clear and binding system of rules and policies. This paper draws linkages between connectivity, growth and development, governance, and institutions. It details the benefits the region could achieve by addressing needed connectivity enhancements and the connectivity and financing challenges it faces. In addition, it presents various institutional options for regional infrastructure financing. To build seamless Asian connectivity, Asia needs an effective, formal, and rules-based institutional framework. The paper presents a new institutional framework together with the organizational structures of two new regional institutional mechanisms, namely the Pan-Asian Infrastructure Forum and the Asian Infrastructure Fund.asian infrastructure financing; asian infrastructure connectivity; asian institutions

Rail Privatisation: The Practice – An Analysis of Seven Case Studies

After a brief description of the proposals for rail privatisation in Great Britain, this paper contrasts these with the proposals and experience in other countries around the world. The proposals and experience in other countries contain some elements of the British proposals, however, the 'open access' element that features strongly in the British proposals has never been experienced on any significant scale elsewhere. In conclusion, experience elsewhere may shed light on the likely outcome of some aspects of the British proposals, but other aspects such as 'open access' and vertical separation are still unknowns

Rail Privatisation: The Economic Theory

The purpose of this paper is to examine the relevance of economic theory to the rail privatisation proposals contained in the Railways Act 1993. After a review of the latest rail privatisation literature four major themes emerged: (1) Contestability and Barriers to Entry. (2) Franchising. (3) Vertical Integration. (4) Horizontal Integration. Following a short review of the rail privatisation proposals the paper presents each theme in the context of the proposals. In conclusion, we highlight a number of future issues which will require monitoring and research in the future. In particular, we identify a number of hypotheses, put forward by both those in favour and against the Government's proposals, that should be tested

Integrating Closed-loop Supply Chains and Spare Parts Management at IBM

Ever more companies are recognizing the benefits of closed-loop supplychains that integrate product returns into business operations. IBMhas been among the pioneers seeking to unlock the value dormant inthese resources. We report on a project exploiting product returns asa source of spare parts. Key decisions include the choice of recoveryopportunities to use, the channel design, and the coordination ofalternative supply sources. We developed an analytic inventory controlmodel and a simulation model to address these issues. Our results showthat procurement cost savings largely outweigh reverse logistics costsand that information management is key to an efficient solution. Ourrecommendations provide a basis for significantly expanding the usageof the novel parts supply source, which allows for cutting procurementcosts.supply chain management;reverse logistics;product recovery;inventory management;service management

Overview of Infrastructure Charging, part 4, IMPROVERAIL Project Deliverable 9, “Improved Data Background to Support Current and Future Infrastructure Charging Systems”

Improverail aims are to further support the establishment of railway infrastructure management in accordance with Directive 91/440, as well as the new railway infrastructure directives, by developing the necessary tools for modelling the management of railway infrastructure; by evaluating improved methods for capacity and resources management, which allow the improvement of the Life Cycle Costs (LCC) calculating methods, including elements related to vehicle - infrastructure interaction and external costs; and by improving data background in support of charging for use of railway infrastructure. To achieve these objectives, Improverail is organised along 8 workpackages, with specific objectives, responding to the requirements of the task 2.2.1/10 of the 2nd call made in the 5th RTD Framework Programme in December 1999.This part is the task 7.1 (Review of infrastructure charging systems) to the workpackage 7 (Analysis of the relation between infrastructure cost variation and diversity of infrastructure charging systems).Before explaining the economic characteristics of railway and his basic pricing principles, authors must specify the objectives of railways infrastructure charging.principle of pricing ; rail infrastructure charging ; public service obligation ; rail charging practice ; Europe ; Improverail

Decentralization of Governance and Financing of Public Roads in the Philippines in the 1990s

A major theoretical as well as political approach to transport infrastructure investment and management is the idea that such services are public goods and should not be subject to private market considerations. However, from time to time, public provision seems to fail, which increases the importance of various forms of private sector participation. Assessing the impact of devolution on the country's road infrastructure, the author underscores the lack of coherence in the design and redistribution of resources and responsibilities, which resulted in a coordination gap between national government agencies and local government units. An important insight is that the private provision of a public good may be feasible, for as long as its consumer-beneficiaries can be made to pay a use price, such that the revenue stream to the private provider is greater than the cost of construction, administration, and upkeep of the public good.infrastructure, devolution, decentralization, private sector participation, local government code, road network, road infrastructure, decentralized governance

Cost-Benefit Analysis of the Saudi Land Bridge Project

Projects are the backbone of economic thrive of nations, especially infrastructure projects. It’s counted as the base layer of allowing economic trade between beneficiaries. Railway projects have always been a huge element in increasing trade operations between Saudi Arabia and the rest of the world, by providing an efficient and environmentally friendly way that is capable of hauling large loads of exports all the way to the seaports and from there to the rest of the world. The Saudi land bridge project will cost about $11 billion and will provide a new link between the existent railway in the eastern region to the west of the kingdom all the way to Jeddah Islamic seaport right on the red sea. The goal of this research is to perform a cost-benefit analysis of the new Saudi land bridge project, by studying all the data available to determine if the government of Saudi Arabia should proceed with this project or not. The cost-benefit analysis will compare the project\u27s expenses with the advantages that will be realized once it is completed. It indicates that the project should be carried out since the project\u27s benefits will outweigh the expenses associated with its completion