14,802 research outputs found

    Assessing risk in infrastructure public private partnerships

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    Paving Way for Road Infrastructure Development in Public Private Partnership Emerging Economies: Lessons from Global Experiences and Policy Practices

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    Mismanagement of financing, tolling and project processes have been at the centre of the slow development of road infrastructure. Using a global outlook approach, this study synthesizes the public private partnership (PPP) financial challenges, tolling practices and PPP roads project experiences. Case studies were purposively selected to identify successes, failures, and reasons why such happened, as well as measures that have been taken to improve the PPP operating environment across the globe. This paper provides broad lessons upon which PPP emerging economies, especially those in Africa can improve road infrastructure for sustainable development. Keywords: road infrastructure, financial challenges, PPP road cases, tolling, lessons, PPP emerging economies DOI: 10.7176/PPAR/10-10-07 Publication date:October 31st 202

    Privatization and the Public Interest: The Need for Transparency and Accountability in Chicago's Public Asset Lease Deals

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    Examines the appeal and risks of infrastructure privatization and Chicago's history with privatization deals. Recommends public interest principles for future deals, rules and processes for vetting proposals, and a commitment to government transparency

    The usage of MIS applications to raise the efficiency and performance of the telecommunications services in the Kingdom of Saudi Arabia

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    PhD ThesisThere are different kinds of requirements on an information system. Of particular concern to this study are non-functional requirements (NFRs). These are aspects of a system. independent of any technical capabilities that it may have, which form a series of constraints on how a system will actually perform, and of which an organisation must take account in order to achieve success. This thesis studies non-functional requirements with particular reference to those that support an organisation in the process of structural change. Particular attention is paid to those non-functional requirements that will be constraints that hinder the performance and efficiency of any organisation if they are not fully understood and incorporated into the new information system. The way in which such non-functional requirements should be handled is illustrated by an extensive case study of the main provider of telecommunications services in Saudi Arabia. The researcher first took an interest in the Saudi telecommunications industry as a result of the recent moves to transform the country's telecommunications service from the traditional structure to a new system by the introduction of privatisation. The new modified system is called the Saudi Telecom Company (STC), though it is at present still under the effective control of the Saudi Ministry of Post, Telephone and Telegraph (MoPTT), the previous telecommunications service provider. The Saudi telecommunications service has been a monopoly managed through traditional public management systems, typically influenced by a dominant bureaucracy. The researcher's concern has been to study and describe the current management, structure, and operations (in particular the information systems) of the MoPTT in order to identifY key issues and potential areas for development which will help the MoPTT, as the STC, to offer a quality telecommunications service in the new competitive market. The researcher sets the telecommunications industry in Saudi Arabia in its national context by providing the political, cultural and economic background to the Kingdom of Saudi Arabia. This is of particular importance in view of the significance discovered by his study of non-technical environmental factors in the performance of the telecommunications service in the country. Using a combination of the qualitative and quantitative research approaches, the researcher examined the literature relevant to his topic and undertook a fieldtrip to Saudi Arabia, when he conferred extensively with MoPTI management and staff, observed MoPTI structures and operations, and consulted other experts in telecommunications. Reflection on the literature along with extensive fieldtrip consultation and observation reveal that a full account of the operations and potential of the Saudi telecommunications system cannot be provided by a consideration of its technical functions and processes alone. Due recognition must be given to the peculiarly Saudi setting of the service, and in particular attention must be paid to non-functional aspects, such requirements and constraints related to the environment in which the system has to operate. Culturally related non-functional requirements are of particular interest, and the case of Internet access in Saudi Arabia is examined, since it provides an especially good example of a non-functional requirement which is undergoing change, while still acting as a constraint on telecommunications usage. The case is related to a new conception of Saudisation, whereby Saudi personnel are no longer simply taking over and imitating western skills, but where they are providing Saudi solutions to Saudi questions. Using information gathered largely during his fieldtrip, the researcher provides a comprehensive description and discussion of the current MoPTT business areas, organisational structures, and information systems. Not only the commercial and technical features of these operations are examined, but also the extent to which they succeed in fulfilling or operating within the non-functional requirements and constraints, especially those of particularly Saudi origin, imposed upon them. Where appropriate, potential new approaches and directions for the MoPTI in relation to handling issues are indicated. Employing techniques developed by Dr. Michael Porter of Harvard University, an analysis has been provided of the of the MoPTI's enterprise strategy, since it is this which ultimately drives all the operations of the MoPTI, and upon which the MoPTI's telecommunications service will depend for commercial success in the new postprivatisation market. Based upon this analysis, the researcher has put forward explicit operational, managerial, and business proposals which should allow the MoPTT to seize the opportunities offered by privatisation, and to achieve success in both the domestic and the international telecommunications market. The researcher has felt able to identifY a number of specific factors within the MoPTr which might receive particular attention for revision and improvement, as they impact on all MoPTT operations and are of critical importance for its commercial success. These areas are strategic planning, marketing, training, customer relations, an integrated information system, and workforce management. As a result of his investigation into the operations of the MoPTT the researcher has been able to identify a new approach to the future of telecommunications in Saudi Arabia. He has designed an information architecture within which the MoPTT information systems might operate, and which takes full account of the role of non-functional aspects in the degree of success of such a complex operation. He offers a comprehensive description of the basis, operational details, and advantages of the implementation of this architecture for the MoPTT's information system operations. The particular benefits of Saudisation are stressed. It became clear during the research that the concept of Saudisation simply as the taking over and imitation of tasks previously carried out by non-Saudis (because they had the training and experience) was now inadequate. Saudisation has now to be understood as a cultural as well as a technical or business transformation, a dynamic concept relating both to enduring Saudi cultural values and to changing social attitudes and practices. Indeed this concept of Saudisation would repay further investigation as a suitable topic for future academic research, and the researcher makes this recommendation. He does so principally because the traditional understanding of the concept now seems inadequate and therefore a factor likely to inlnbit the truly indigenous development industry and services within Saudi ArabiaThe Government of Saudi Arabia: King AbdulAziz University

    Financing sustainable energy for all: pay-as-you-go vs. traditional solar finance approaches in Kenya

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    This paper focuses on finance for Solar Home Systems (SHSs) in Kenya and asks to what extent emerging new finance approaches are likely to address the shortcomings of past approaches. Drawing on the STEPS Pathways Approach we adopt a framing that understands finance within a broader socio-technical context as a necessary but not sufficient component of achieving alternative pathways to sustainable energy access. The paper contributes in four ways. Firstly, it presents a comprehensive overview of past and new emerging approaches to financing SHSs in Kenya and their relative strengths and weaknesses. Secondly, it represents one of the first attempts in the literature to analyse the potential of new, real time monitoring technologies and pay as you go finance models to overcome the barriers faced by conventional consumer finance models for off-grid renewable energy technologies (RETs). Thirdly, by applying for the first time we are aware of a socio-technical approach, via the application of Strategic Niche Management (SNM) theory, to analyse the finance of RETs in developing countries, the analysis considers finance in the context of the social practices poor people seek to fulfil via access to the energy services that off-grid RETs provide, and the ways in which people previously paid for these services (e.g. via kerosene for lighting). This also situates the analysis within the understanding of SHSs as a niche that has to compete with the established regime of energy service provision and its attendant social and political institutional support. The paper therefore also contributes to the small but expanding body of literature that seeks to operationalise socio-technical transitions thinking and SNM within a developing country context

    Transformative Technology in Microfinance: Delivering Hope Electronically?

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    Considered a lifeline, and a convenience, a mobile phone has now acquired another transformative dimension within the microfinance context.  As a result of the proliferation of mobile banking in emerging markets and developing countries, microfinance institutions (“MFIs”) have adopted similar technological enhancements to deliver microfinance products.  This paper will explore how emerging technology advances has altered the contours of microfinance, specifically mobile banking (also known as “m-banking”) which is utilized to facilitate efficient financial services to a vast number of people without access to the formal banking  system and financial services, otherwise known as the “unbanked”.  This discussion offers a snapshot of the current state of mobile banking, and examines the kaleidoscopic approach used by microfinance institutions through several auxiliary considerations.  Part I examines the underlying rationale in employing a cashless banking paradigm and illustrates how mobile banking is administered institutionally.  Part II seeks to highlight the regulatory considerations intractable within the mobile banking discourse, and is intended to provide a survey of the current regulatory landscape, and finally, Part III focuses on uncovering the consumer perspective, and calls for a conceptual refinement in the interconnection of the social context within mobile banking. This paper is not intended to be categorized as a comparative law piece; rather its primary objective is to provide a snapshot of how certain jurisdictions have embraced mobile banking platforms and their legislative response thereto.  This discussion is merely offered as part of a functionalist approach discourse currently adopted by regulators; as such this paper only offers a cursory perspective of emerging legal considerations within the mobile banking context as it relates to MFIs

    Understanding options for public-private partnerships in infrastructure : sorting out the forest from the trees : BOT, DBFO, DCMF, concession, lease . . .

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    This paper provides a methodology for categorizing public-private partnerships in infrastructure, based on the following key characteristics: whether the project involves new or existing business, the nature of the private sector’s construction obligations, the need for the private sector to mobilize significant private funding ab initio, the nature of the private sector’s service delivery obligations, and the source of the project revenue stream. The purpose of this methodology is to facilitate mapping, referencing, cross-comparison, analytical studies, and descriptions of public-private partnerships in infrastructure projects with similar key characteristics across sector, commercial, regional, and geopolitical lines. The methodology is tested against 15 case studies representing different infrastructure sectors, regional applications, and commercial approaches to public-private partnerships.Debt Markets,Access to Finance,Housing&Human Habitats,Private Participation in Infrastructure,Bankruptcy and Resolution of Financial Distress
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