summer 2011

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Unformatted text preview: more than just trains running on tracks. They are the confluence of many systems— from power supply and train control to ticketing and station operations—all working together seamlessly. In traditional state-owned railways, these systems were designed and operated under a single corporate roof. PPPbased project delivery plans, however, can include dozens of individual contracts for various pieces of the highspeed rail system. Failures of coordination among the various contract holders can result in unplanned costs or quality concerns. Ensuring that contractors coordinate their efforts can also add another monitoring and enforcement burden for the government agency initiating the PPP project. In addition, because high-speed rail is generally built one line at a time, rather than as a completed network, new lines must be integrated seamlessly into the broader network. Dividing the ownership or operations of multiple lines within a network among different firms has the potential to impose new challenges in ensuring that the system works as a cohesive whole.} No Solvency – Oversight The risks in forming a PPP often result in loss of control for one of t...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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