Financing of the trans-European high-speed rail networks:

Roll, Martin; Verbeke, Alain Laurent

doi:10.1016/s0263-2373(98)00047-4

Cited by 20 publications

(7 citation statements)

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“…To date, much of the literature on HSR has involved aspects such as application of the related technology, policy, risk management, operational management, and evaluation of plans. For example, Roll and Verbeke discussed the financing of the trans-European high-speed rail networks [14]. Rocha et al focused on methods for assessing the safety of HSR bridges [15].…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating Political Risk Paths in International High-Speed Railway Projects: The Case of Chinese International Contractors

2019

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Contracting in international high-speed railway (HSR) projects is a risky business. The success of these projects and the sustainable development of international contractors are inseparable from effective risk management. However, limited research has been conducted to investigate the political risk involved in international HSR projects. As HSR development is becoming a more major part of the global construction market, this paper investigates the political risk factors specific to the projects and the relationships among the factors. Through a literature review and a pilot interview conducted with five Chinese professionals, 26 political risk factors were proposed. A questionnaire was then administered to 112 experts from both academia and industry to assess the significance of the factors. By applying partial least-squares structural equation modeling (PLS-SEM) technology, the 26 factors were clustered into eight groups, and 10 significant risk paths were identified. Specifically, “government attitudes” can directly influence the “investment profile” and “social support” can directly influence “government attitudes,” while “government instability,” “economic climate,” “financing and costs,” “external interference,” and “contractors’ operations” can indirectly influence investment profile by directly influencing “government attitudes” or “social support.” The findings of this study can assist international contractors with gaining a clear understanding of the political risk involved in international HSR projects, which will lead to more effective political risk management as well as better business decisions. Furthermore, this paper will contribute to the global body of knowledge in the area of political risk management for large-scale international projects.

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Section: Literature Reviewmentioning

confidence: 99%

Investigating Political Risk Paths in International High-Speed Railway Projects: The Case of Chinese International Contractors

2019

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“…The impact of HSR development may also generate negative consequences for some medium and small cities not served by HSR. These negative influences could be generated by the competitive nature of HSR investment on regional development, which are also known as negative spillover effects (Bröcker et al, 2010;Monzón et al, 2013), redistribution effects (Roll and Verbeke, 1998;Vickerman, 1997) or siphoning-off effects (Luo and Cao, 2010). The latter essentially refers to economic development in one region that is achieved at the expense of other regions.…”

Section: City Level Impactmentioning

confidence: 99%

Introduction

2019

High Speed Rail and China’s New Economic Geography

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“…The main rationale for public intervention in funding for HSR lies in the socioeconomic benefits linked to the HSR networks (27 ). Public funds can also attract private support because they reduce the investment risks for private investors (28). Public-sector and private investors have a synergistic relationship in P3 projects.…”

Section: Funding Mechanismmentioning

confidence: 99%

High-Speed Rail Project Development Processes in the United States and China

Chen

Zhang

2010

Transportation Research Record: Journal of the Transportation R

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Amid increasing global economic competition, both the United States and China are investing in high-speed rail (HSR) as a national strategy to enhance their competitiveness. China is rapidly advancing by laying down HSR tracks, while the United States is deliberating the environmental, social, and economic implications of HSR development before embarking on actual construction. With the California High-Speed Rail Project and the Beijing–Shanghai Express Railway Project as case studies, this paper juxtaposes the HSR development processes concerning investment decisions, planning, and implementation in the United States and China and draws lessons informative to strategic infrastructure investments in both countries.

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Financing of the trans-European high-speed rail networks:

Cited by 20 publications

References 0 publications

Investigating Political Risk Paths in International High-Speed Railway Projects: The Case of Chinese International Contractors

Investigating Political Risk Paths in International High-Speed Railway Projects: The Case of Chinese International Contractors

Introduction

High-Speed Rail Project Development Processes in the United States and China

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