The cost of building a new high speed railway system is reported to be high at 25 billion. Does it neccesarily follow hat the high speed railway is not worth building?
Solution
The following factors should be considered besides only the cost of building the project-
Land acquisition
Railway projects require the land
acquisition and also displacement of businesses and homes. Government has to work out fair compensation for those bearing the losses. Sometimes acquisition laws can be very complex.
Allocating risk correctly
The private sector also has to play a part in these projects
This could be through system suppliers, construction companies, operating companies, rolling stock producers or private finance suppliers.Thus allocation of various risks has to be done correctly
Securing funding
Transport infrastructure is called a public good and the
services are a benefit for a huge number of people. Thus,
not only the financial returns but the social
returns also need to be considered. A complete feasibility study should be done prior to starting this project.
The other factors are-
.
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
The cost of building a new high speed railway system is reported to be.docx
1. The cost of building a new high speed railway system is reported to be high at 25 billion. Does it
neccesarily follow hat the high speed railway is not worth building?
Solution
The following factors should be considered besides only the cost of building the project-
Land acquisition
Railway projects require the land
acquisition and also displacement of businesses and homes. Government has to work out fair
compensation for those bearing the losses. Sometimes acquisition laws can be very complex.
Allocating risk correctly
The private sector also has to play a part in these projects
This could be through system suppliers, construction companies, operating companies, rolling
stock producers or private finance suppliers.Thus allocation of various risks has to be done
correctly
Securing funding
Transport infrastructure is called a public good and the
services are a benefit for a huge number of people. Thus,
not only the financial returns but the social
returns also need to be considered. A complete feasibility study should be done prior to starting
this project.
The other factors are-
