An Example of Privately Funded Project

by Jean-Pierre Orfeuil, INRETS, France,



Document Type: Proceeding Paper

Part of: Major Development and Transportation Projects: Public/Private Partnerships

Abstract: The paper discusses the proposal of the Syndicat des Transports Parisiens, the local authority in charge of Public Transports in the Paris region, to ask private firms to implement without public money a rail link between the Orly airport and Paris. Arguments for that solution are developed and the proposal is related both to the general political context and to the specific features of the project. An analysis of the conditions of the choice between the two competitors, and then of the financial equilibrium of the selected project, will show the crucial importance of the traffic forecasts. The structure of the forecasting process is briefly described, with an emphasis on the specific requirements needed in such a context. The structure of the risks is then analysed to show how the private operators involved in the project have managed to find solutions.

Subject Headings: Project management | Private sector | Rail transportation | Public transportation | Airports and airfields | Forecasting | Risk management | Traffic analysis | Paris | France | Europe

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