Selecting an Appropriate Finance Method of Public-Private Partnership for Railway Projects in Iran through AHP Method

Noorzai, Esmatullah; Jafari, Kobra Gharouni; Golabchi, Mahmood; Hamedi, Sahar

doi:10.18178/ijscer.5.1.74-79

Cited by 16 publications

(17 citation statements)

References 16 publications

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“…A number of tangible alternatives are ranked based on multiple criteria from the best to the worst by these methods. This approach considers theory and methodology of complex issues in management, business, engineering and other fields of human activities [33].…”

Section: Analytical Hierarchy Processmentioning

confidence: 99%

A Framework to Select the Best Strategy for Iran's Entry into the Repair and Maintenance Market of Oil Drilling Rigs

Motamed

Majrouhi

2018

Civ Eng J

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The oil and gas service industry revenue is projected to rise to $350 billion in 2020, and a major part of such services belong to repair and maintenance (R&M) of the drilling rigs. Therefore, with regard to the number of jack-up rigs in Iran and the Persian Gulf, the R&M and improvement of these types of rigs become particularly important, especially due to the high lifespan of these rigs, which increases the time frequency of basic repairs. Nevertheless, Iran is suffering from lack of management and knowledge in the field of project resource management in this industry. Therefore, knowing the strategies and effective criteria for this industry is essential. In this paper, 15 criteria affecting the selection of R&M strategy were determined through interviews with experts, and the effect of each criterion on each alternative (seven strategies) was studied, and the most appropriate R&M strategy was then selected through analytic hierarchy process (AHP). The results show that the best strategy for Iran's entry into the R&M market is to perform all basic repairs of the rig, followed by license and joint venture. Finally, the best strategy was applied at R&M of Sina1 rig, comparing the results with those for Iranian rigs such as Modarres and Rajaei, the repairs of which were carried out in foreign yards, indicates the low cost of domestic repairs and the economic justification.

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Section: Analytical Hierarchy Processmentioning

confidence: 99%

A Framework to Select the Best Strategy for Iran's Entry into the Repair and Maintenance Market of Oil Drilling Rigs

Motamed

Majrouhi

2018

Civ Eng J

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“…PPP benefits include reducing public sector budget deficits, improving society's living conditions, providing highquality public goods and services, and reducing project time. However, the best PPP model will often be determined by a number of variables, including the project's goals, funding criteria, and business realities [12].…”

Section: Introductionmentioning

confidence: 99%

Applying analytical network process to the selection of financing method for abandoned construction projects in Iraq

Yaseen

Naji

2021

DJES

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Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dangerous problems in the construction industry in Iraq, with their negative effects on stakeholders, the economy, and the environment due to the lack of sufficient financial and administrative capabilities to complete construction projects, which is reflected in exceeding the time limit for the completion of projects. The aim of this research is to use the analytic network process (ANP) technique to choose the best form of Public-Private Partnership (PPP) contracts to fund abandoned projects in Iraq. using a questionnaire survey to determine the most criteria and alternatives for selecting appropriate financing for the abandoned project. The results shown final weight of the Build-Own-Operate (BOO) contract from ANP is 0.533, which is the best form of PPP contract among the alternatives proposed to fund the project.

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“…For this reason, governments have tried to find a new solution to these shortcomings by employing the private sector and activating it in infrastructure projects. One of the solutions proposed is to implement the project using publicprivate partnership contracts (Noorzai, Jafari, Golabchi, & Hamedi, 2016). Public-Private Partnerships (PPTs) are a longterm contract between a public sector organization and a private representative, whereby resources and project risks are shared between the parties to the contract, with the aim of developing or renovating public facilities (Abadi, Behnaba, & Akbari, 2014).…”

Section: Introductionmentioning

confidence: 99%

Assessing Financial Risk in Public-Private Partnership Financing for Road Construction Projects in Iran Using Uncertainty Conditions Approach

Jaafarian

Ardeshir

Boyaghchi

2020

Journal of Applied Engineering Sciences

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Private section investment in the construction of transportation infrastructure, one of the most important of which is freeway projects, has been extensively used in developing countries in recent decades. However, in many cases due to the lack of necessary investigations and studies, the criteria have not been properly identified and, as a result, the proper way of participating in large-scale transport projects has resulted in numerous problems and, in some cases, project failure. However, choosing a private-public partnership will have a major impact on the success of freeway construction. However, due to the current conditions of the country’s economy, these projects are following with some risks. Therefore, in this study, the financial risk assessment of “public-private partnership” financing for road construction projects in Iran was investigated using the uncertainty approach and the BAS method. The research population of this study consisted of 23 researchers and experts with Ph.D. degree in finance with minimum degree of associate degree and experience of research and financial consulting in investment firms. According to the results, the lack of stability in planning and implementation of government programs and political risks, increases the risk of road construction projects and, in this regard, controlling the price fluctuations and bank financing of road construction projects can reduce the risk of these projects.

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Selecting an Appropriate Finance Method of Public-Private Partnership for Railway Projects in Iran through AHP Method

Cited by 16 publications

References 16 publications

A Framework to Select the Best Strategy for Iran's Entry into the Repair and Maintenance Market of Oil Drilling Rigs

A Framework to Select the Best Strategy for Iran's Entry into the Repair and Maintenance Market of Oil Drilling Rigs

Applying analytical network process to the selection of financing method for abandoned construction projects in Iraq

Assessing Financial Risk in Public-Private Partnership Financing for Road Construction Projects in Iran Using Uncertainty Conditions Approach

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