Sydney’s Cross City Tunnel - 3258 Words

INFRASTRUCTURE FINANCE: THE SYDNEY CROSS CITY TUNNEL OPIM-5668 Project Risk and Cost Management Feb 18th, 2011 Sourabhdeep Singh Khanna Hiren Gonsai John Celis Winston Spencer Executive Summary In 2000, Cheung Kong Infrastructure Holdings Limited (CKI) was faced with a great opportunity to invest in a transportation project in Australia. The group was particularly interested in investing in Australia due to the country’s stable regulatory environment and economic growth. This project presented a good chance for the firm to continue with its globalization strategy and achieve its global ambitions in transportation infrastructure project investment. In September 2000, the Australian’s Roads and Traffic Authority†¦show more content†¦A number of traffic calming measures were introduced, but this did not solve the problem. In fact those changes created numerous disruptions, increased traffic congestion, and provoked a large number of complaints from road users. The CCT has started to attract significant political attention, negative media and a strong resistance by the community. So what went wrong? It is evident that CKI and its partners need to act quickly and implement a plan that could allow them to get this project back on track and achieve the project goals. Analysis of the Problem In order to determine the best course of action, we need to first understand how we have come to this point and why the project is not providing the expected results. The following questions will help us in our discovery process: 1. What are the merits of having private-sector participation in financing of the Sydney CCT? A privately financed project was a specified from of PPP that involved not only private sector financing but also controlling ownership. PFPs differed. From the outsourcing or construction by the government. There has been widespread adoption by Governments across the world of Public Private Partnerships (PPPs) as a way of providing public infrastructure. Grimsey and Lewis report that the UK version of PPPs,Show MoreRelatedAustralia’s Banking Industry31559 Words   |  127 PagesPersons Universities – Total Enrolled Students % of Total Population Melbourne 3,996 2,114 1,979 90 4.5 179 4.5 Sydney 4,504 2,379 2,223 142 6.4 251 5.6 New York City 8,364 3,994 3,609 315 8.7 446 5.3 London 7,754 4,052 3,676 332 9.0 426 5.5 Hong Kong 7,004 3,695 3,504 210 6.0 102 1.5 Singapore 4,988 3,030 2,906 158 5.4 53 1.1 1. For New York City, the closest available figure for population, mid-2008 is used. The latest data available for students is from 2008. State-wide public and private institutionRead MoreLibrary Management204752 Words   |  820 Pageswere subjected to the â€Å"what† and â€Å"how† without understanding the â€Å"why.† Even when examples and forms, such as budgetary and personnel evaluation forms, were available, these were mostly regional or type-of-center specific and did not reflect a broad cross-section of libraries and information centers in the United States, not to mention the rest of the world. The second edition was broader in scope. While maintaining its usefulness as a basic text, it also served as a primary source of information and