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dc.contributor.authorDikmen, Seyyit Ümit
dc.contributor.authorAkbıyıklı, Rıfat
dc.contributor.authorEaton, David
dc.description.abstractThe long-term sustainable provision of new and high quality maintained road stock is vitally important, especially in times of economic constraint such as Europe is currently experiencing. The Private Finance Initiative (PFI) is one method of financing such large-scale, capital intensive projects. An important aspect of this form of financing projects is that the risks are borne not only by the sponsors but are shared by different types of investors such as equity holders, debt providers, and quasi-equity investors. Consequently, a comprehensive and heuristic risk management process is essential for the success of the project. The proposition made within this paper is that the PFI mechanism provides a Value-for-Money and effective mechanism to achieve this. The structure of this PFI finance and investment on a particular road project therefore enables all project stakeholders to take a long-term perspective. This long-term perspective is reflected in the mechanism of a case study of UK - Class A trunk roads which are examined in detail. This paper presents a novel solution to a modern dilemma.tr_TR
dc.publisherSvenciliste U Zagrebu, Fakultet Prometnih Znanosti, Vukeliceva 4, Zagreb, 10000, Croatiatr_TR
dc.relationPromet-Traffic & Transportationtr_TR
dc.subjectcapital road projectstr_TR
dc.subjectprivate finance initiativetr_TR
dc.subjectproject financetr_TR
dc.subjectstructured financetr_TR
dc.subjectpayment mechanismstr_TR
dc.subjectsermaye yol projeleritr_TR
dc.subjectözel finans girişimitr_TR
dc.subjectproje finansmanıtr_TR
dc.subjectyapılandırılmış finanstr_TR
dc.subjectödeme mekanizmalarıtr_TR
dc.titlePrivate Finance Initiative (PFI) For Road Projects In Uk: Current Practice With A Case Studytr_TR

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