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Full-Text Articles in Social and Behavioral Sciences
Transformation Of The Urban Rail Sector Through Ppp, Sock-Yong Phang
Transformation Of The Urban Rail Sector Through Ppp, Sock-Yong Phang
Research Collection School Of Economics
The recent proliferation of Public Private Partnership (PPP) projects in numerous cities has transformed the urban rail sector. The enthusiasm for PPPs can be explained by improved understanding of efficiency gains and risks of bundling and unbundling tasks as well as availability and lower cost of private sector finance. The four main PPP approaches identified are: (i) development of new systems through DBFOs (Design- Build-Finance-Operate); (ii) concessioning of rail and subway services; (iii) sale of stateowned operators through share issue privatisation; and (iv) PPPs for infrastructure maintenance and upgrading. This paper examines examples of successes and failures to better understand …
Competition Law And The International Transport Sectors, Sock Yong Phang
Competition Law And The International Transport Sectors, Sock Yong Phang
Research Collection School Of Economics
This article charts the evolving regulation of cooperation and coordination between international transport firms, in particular those operating within the liner shipping and international air transport sectors. There has been a long history of exemption of these sectors from the rules and regulations of antitrust or competition law. In the past three decades, regulatory reforms and privatization have, however, subjected these sectors to competitive forces that have transformed these industries. With the introduction of competition law in many jurisdictions, the justifications for their continued exemption have come under intense scrutiny. In the late 19705, the US initiated deregulation of its …