Title: CAN TURNKEY CONTRACTING FOR RAPID TRANSIT SYSTEMS SUCCEED IN THE UNITED STATES
Abstract: In view of ever-increasing demands placed upon urban transportation systems and growing concern over the environmental impacts of traffic congestion, modern, new rapid transit system are continuing to be implemented in the major cities of the world's developed and developing nations. Many of these new transit systems are being procured and implemented on the basis of innovative design/build, turnkey, and build/operate/transfer contracts, wherein the public sector attempts to gain the advantages associated with shifting a higher level of responsibility to the private sector for the design, construction, commissioning, and often, operations, maintenance, and financing of the projects. These advantages often are cited to include faster project completion, lower public agency management costs, facilitation of vendor or export credit financing, and in some cases, lower construction and operations and maintenance costs. However, in spite of recent successes in other major public infrastructure fields, including new toll road projects, three serious and costly turnkey transit initiative in the United States have been cancelled and this has generated substantial and widespread doubt as to the viability of turnkey contracting for new rail transit lines within the unique American legal and financial setting. The paper provides an overview for turnkey contracting of rail transit systems as well as some recent experiences in the United States and other countries.
Publication Year: 1994
Publication Date: 1994-01-01
Language: en
Type: article
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