Dissertation/ Thesis

PPP on Toll Road in Indonesia

التفاصيل البيبلوغرافية
العنوان: PPP on Toll Road in Indonesia
المؤلفون: Herrero Diez, Tomás
المساهمون: Universitat Politècnica de Catalunya. Departament d'Enginyeria Civil i Ambiental, Garola Crespo, Àlvar
بيانات النشر: Universitat Politècnica de Catalunya
سنة النشر: 2015
المجموعة: Universitat Politècnica de Catalunya, BarcelonaTech: UPCommons - Global access to UPC knowledge
مصطلحات موضوعية: Àrees temàtiques de la UPC::Enginyeria civil::Infraestructures i modelització dels transports, Computer network protocols, Transportation -- Indonesia, Protocols de xarxes d'ordinadors, Transport -- Indonèsia
جغرافية الموضوع: east=106.83723449707031, north=-6.210868826748721, name=South Jakarta, South Jakarta City, Special Capital Region of Jakarta, Indonèsia
الوصف: The development of transport infrastructure is critical to boost the economic growth in developing countries. However, transport infrastructure is capital-intensive and public funds are limited. In this context, private sector participation should be encouraged to decrease the burden of the governments in terms of financing. Indonesia is the fourth most populated country in the world and its economy has been steadily growing during the last decade. Nevertheless, the country faces several challenges due to the underdeveloped and irregular distribution of transport infrastructure around the country. The Master Plan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) includes the construction of thousands of kilometers of roads. PPPs are expected to play an important role in the implementation of this Plan. In this sense, the government holds a proactive approach and as a result, a regulatory framework for PPPs has been established. The main objective of this dissertation is to determine whether toll road projects are economically and financially viable in Indonesia and, consistently define the most suitable financing schemes to be adopted. A Cost Benefit Analysis (CBA) has been conducted in order to assess the economic welfare gain, as well as to conclude whether this projects would be commercially feasible. One of the most attractive sections of the Trans Sumatra toll road, in terms of traffic forecast and initial investment, has been analyzed for this purpose. The relevant economic impacts have been identified, monetized, and discounted using a certain social discount rate to determine the economic performance. Moreover, all the financial outflows and inflows have been calculated and discounted using a certain financial discount rate to establish the cash flow streams. The economic and financial indicators obtained show that even toll roads socio-economically desirable are financially unfeasible. Hence, mixed financing schemes have been proposed including public incentives to attract ...
نوع الوثيقة: master thesis
وصف الملف: application/pdf
اللغة: English
Relation: http://hdl.handle.net/2117/86996
الاتاحة: http://hdl.handle.net/2117/86996
Rights: Attribution-NonCommercial-NoDerivs 3.0 Spain ; http://creativecommons.org/licenses/by-nc-nd/3.0/es/ ; Open Access
رقم الانضمام: edsbas.760974B
قاعدة البيانات: BASE