Karachi light rail transit: a private finance proposal
Engineering, Construction and Architectural Management
ISSN: 0969-9988
Article publication date: 1 March 1997
Abstract
Light Rail Transit (LRT) systems have emerged as an attractive form of public transport both in industrialised as well as developing countries. This paper reviews the implementation mechanism of LRT projects proured by private finance, through Build Operate Transfer (BOT) type concession contracts. A case study approach is used to model an actual LRT project. The case study analysis shows that the uncertainty factor could be converted to monetary terms and the process would enhance ability of the decision makers to have a better understanding of the consequences of risks.
Keywords
Citation
FARUQI, S. and SMITH, N.J. (1997), "Karachi light rail transit: a private finance proposal", Engineering, Construction and Architectural Management, Vol. 4 No. 3, pp. 233-246. https://doi.org/10.1108/eb021051
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited