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on Project, Program and Portfolio Management |
| By: | Qu, Chunzi (Dept. of Business and Management Science, Norwegian School of Economics); Bang, Rasmus Noss (Centre for Applied Research at NHH) |
| Abstract: | Nuclear energy is once again in the spotlight in Europe, due to recent technological advancements and geopolitical challenges. Our study presents an investment analysis framework that compares the prospects of onshore and offshore wind projects, as well as traditional and modular nuclear projects. We evaluate the investment potential of each option, both with and without government financial support, similar to the system in place in France. Our study also includes an investment parity analysis, which determines the level of government financial support required to make modular nuclear power plants as attractive as wind projects under various circumstances. Our results show that, without government support, onshore wind projects are the most attractive investment option, followed by offshore wind projects. However, in certain circumstances and based on specific metrics, modular nuclear projects can be more appealing. Interestingly, our findings indicate that with French government support, offshore wind projects offer better investment prospects than onshore wind projects. To achieve investment parity with the most attractive wind project, modular nuclear power plants, which have a relevant advantage in terms of shorter construction times than wind projects, would require a feed-in premium similar to that offered to offshore wind projects. |
| Keywords: | Investment analysis; Wind energy; Nuclear energy; Electricity mix; Energy policy; Government financial support |
| JEL: | Q40 Q50 |
| Date: | 2023–06–28 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:nhhfms:2023_008&r=ppm |
| By: | Lundin, Erik (Research Institute of Industrial Economics (IFN)) |
| Abstract: | Local resistance towards wind power is a central challenge for the energy transition, implying that legally imposed compensation schemes for nearby residents may become more prevalent in the near future. In this study, I use GIS-coded data on detached residential buildings in Sweden to simulate a variety of revenue sharing schemes applied to every present and planned commercial scale wind power project, with a focus on documenting the impact on investor costs. I compare models that entitle compensation for distance between six and ten times the tip height of the closest turbine, imposing schemes that are both constant within the eligible distance, as well as declining with distance from the turbine. An important conclusion is that costs vary considerably depending on the model chosen. When compensations are awarded for residents as far away as ten times the turbine height, foregone revenues exceed two percent for a large share of the projects, potentially necessitating the inclusion of a regulated cap on compensation costs. |
| Keywords: | Wind power; Negative externalities; Local acceptance; Energy transition; NIMBYism |
| JEL: | D40 D62 H23 P18 P48 |
| Date: | 2023–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:iuiwop:1467&r=ppm |
| By: | Ullah, Nazim; Belal Onisha, Afraiem; Evnath Khanam, Anisa; Rahman, Fariha; Jahan, Israt |
| Abstract: | Public private partnership plays significant roles bringing foreign investment into Bangladesh. The objective of the paper is to find of Potentialities and Challenges of Public Private Partnership Implementing Mega Project in Bangladesh. Furthermore, the paper also looks for critical success factors for implementing public private partnership in Bangladesh namely strong legal and regulatory frameworks, transparent procurement processes, stakeholder engagement, and effective risk allocation. The authors have been able to review more than thirty investigations over a ten years period, from 2013 to 2022. The paper is theoretical and analytical in nature and secondary method has applied. The findings of the study suggest that Public private partnership have the potential to accelerate infrastructure development in Bangladesh, but their implementation requires a robust legal and regulatory framework, an effective procurement process, and strong institutional capacity. The study also underscores the need for collaboration between the public and private sectors to create an environment that fosters Public private partnership and promotes sustainable infrastructure development in Bangladesh. Overall, this paper provides valuable insights for policymakers, investors, and other stakeholders interested in the potentialities and challenges along with several success factors of Public private partnership in implementing mega projects in Bangladesh. |
| Keywords: | Public private partnership, Challenges, Potentialities, Factors, Bangladesh |
| JEL: | G38 |
| Date: | 2023–06–24 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:117747&r=ppm |
| By: | Shuhei Nishitateno |
| Abstract: | Given the growing pressure on donors to curtail foreign aid budgets, analyzing the effectiveness of bilateral official development assistance (ODA) in realizing national interests has become more significant than ever. From the viewpoint of economic interests, prior research has revealed that ODA can help expand donor exports and outward foreign direct investments. This study provides evidence that ODA can also help firms from donor countries to win infrastructure projects in recipient countries. Employing unique contract data on Japanese overseas infrastructure projects, I estimate a fixed effects Poisson model with a panel dataset for 158 recipients for the period between 1970 and 2020. The results suggest that 17% of the total number of overseas infrastructure projects contracted to Japanese firms during 1970–2020 were attributable to Japanese ODA disbursement. I also explore the potential mechanism, finding that the Japanese ODA-infrastructure link is strengthened when Japanese loans and grants are simultaneously provided to a recipient country. This finding is consistent with the view that pre-investment studies conducted as part of technical cooperation could generate goodwill effects on Japanese firms during their bidding for Japanese yen loan projects. |
| Keywords: | Official development assistance, overseas infrastructure projects, Poisson regression model, Japan |
| JEL: | F35 F21 O18 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:pas:papers:2023-07&r=ppm |
| By: | Shirai, Sayuri (Asian Development Bank Institute) |
| Abstract: | The global economy has been facing a series of adverse shocks in recent years including the COVID-19 pandemic, climate crisis, the Russian invasion of Ukraine, high inflation, and interest rate shocks driven by global monetary policy normalization. The high cost of fossil fuels since 2021, moreover, has reminded the world that investment for clean energy projects has been severely inadequate due to limited implementation of climate policies and limited capital inflows to financing decarbonization efforts. While overdependence on fossil fuels might be inevitable currently, the world needs to accelerate transition to carbon neutrality and also begin to cope with nature capital stock and biodiversity losses, which are happening at an alarming pace. In particular, more financial support should be provided to emerging and developing economies (EMDEs) to help achieve climate and environmental goals and other sustainable development goals (SDGs). We give an overview of some innovative finance schemes applicable to EMDEs, including blended finance to mobilize more private capital to climate and environmental projects and debt-for-climate swaps (or debt-for-nature swaps), to provide de facto grants to small high-debt economies in exchange for climate projects (or nature protection). We also provide some suggestions for further actions through better coordination among donor and recipient nations led by G7 and G20 nations. |
| Keywords: | public–private partnership; blended finance; debt-for-nature swaps; performance-based grants |
| JEL: | F34 F35 F64 G23 |
| Date: | 2022–12 |
| URL: | http://d.repec.org/n?u=RePEc:ris:adbiwp:1347&r=ppm |
| By: | Robert Viseur (UMons - Université de Mons); Nicolas Jullien (IMT Atlantique - LUSSI - Département Logique des Usages, Sciences sociales et Sciences de l'Information - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris], MARSOUIN - Môle Armoricain de Recherche sur la SOciété de l'information et des usages d'INternet - UR - Université de Rennes - UBS - Université de Bretagne Sud - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - UBO - Université de Brest - IMT - Institut Mines-Télécom [Paris] - UR2 - Université de Rennes 2 - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris], LEGO - Laboratoire d'Economie et de Gestion de l'Ouest - UBS - Université de Bretagne Sud - UBO - Université de Brest - IMT - Institut Mines-Télécom [Paris] - IBSHS - Institut Brestois des Sciences de l'Homme et de la Société - UBO - Université de Brest - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]) |
| Abstract: | This article studies the building of a successful open-source project for the public sector, named CommunesPlones. It proposes an original institutional arrangement to onboard different users, especially those unable to contribute in code, for them to express their needs and provide the resources needed to develop and maintain the software addressing them. It has created an open-source editor collectively owned by its users. This pooling by a trusted third party model may appear as an alternative to the classic FLOSS projects, when users have few development skills, even if the consequence is that, although the code is still open, the development is centralized by this special type of opensource editor. |
| Keywords: | FLOSS, pooling of resources, public sector software, governance |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04107638&r=ppm |
| By: | Samuel Rufat (CY - CY Cergy Paris Université, IUF - Institut Universitaire de France - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche); Karsten Uhing (Fraunhofer IML - Fraunhofer Institute for Material Flow and Logistics - Fraunhofer-Gesellschaft - Fraunhofer); Maike Vollmer (Fraunhofer INT - Fraunhofer Institute for Technological Trend Analysis - Fraunhofer-Gesellschaft - Fraunhofer); Alexander Fekete (THK - Institute of Rescue Engineering and Civil Protection, University of Applied Sciences Cologne); Giacomo Bianchi (EOS - European Organisation for Security); Christian Kuhlicke (UFZ - Helmholtz Zentrum für Umweltforschung = Helmholtz Centre for Environmental Research) |
| Abstract: | The Third ECRP conference in June 2022 in Berlin, Germany, has gathered again our two communities, the Risk Perception and Behaviour Survey of Surveyors (Risk-SoS) and the H2020-DRS-01 Cluster on risk perception and adaptive behaviour (a grouping of several Horizon Europe – Disaster Resilient Societies projects, most notably RESILOC, BUILDERS, CORE, ENGAGE, LINKS, RiskPACC). One of the key challenges for risk, vulnerability and resilience research is how to address the role of risk perceptions and how perceptions influence behaviour. It remains unclear why people fail to act adaptively to reduce future losses, even when there is ever-richer information available on natural and human-made hazards (flood, drought, etc.). The current fragmentation of the field makes it an uphill battle to cross-validate the results of existing independent case studies. This, in turn, hinders comparability and transferability across scales and contexts and hampers recommendations for policy and risk management. The ECRP conference cycle aims to contribute to improve the ability of researchers in the field to work together and build cumulative knowledge. |
| Keywords: | mitigation, disaster, response, Disaster management, Hazard, risk, risk perception, behaviour, adaptation |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04117500&r=ppm |
| By: | Guada, Irwin; Harvey, John T |
| Abstract: | n late 2015, Caltrans requested that 26 recently constructed concrete projects be tested for smoothness in terms of the International Roughness Index (IRI). The stated purpose was to observe measured IRI on projects accepted after a standard special provision (SSP) change that Caltrans made in 2013 and that was incorporated into the 2015 Construction Contract Standards. The projects provided 52 test sections for evaluation, consisting of three types of paving work: (1) diamond grind on existing pavement, (2) new continuously reinforced concrete pavement, and (3) new jointed plain concrete pavement. The project plans had completion dates from May 2010 to December 2014, and contract acceptance dates from April 2014 to October 2015. Caltrans did not identify which projects had the new SSP or specification change in its contract documents. The IRI data were collected from October 2016 to December of 2016. The IRI data collected included the effects of paving, any corrective grinding required to meet contract acceptance, and the increased roughness caused by traffic over post-construction periods of one to more than two and a half years. At the time of testing in 2016, the UCPRC test vehicle was equipped with a point laser in the left wheel path and a wide spot laser in the right wheel path. The data presented in this technical memorandum are primarily from the wide spot laser because the current standards require the wide spot laser. In general, the IRI measured by a point laser can be unduly increased due to the surface texture of the pavement, which is part of the reason for moving toward a wide spot laser. The construction specification considers both wheel paths and not just the right wheel path tested in this project. The IRI data using the wide spot laser in the right wheel path alone showed that 22% of the 0.1 mi. long sections met the construction standard of 60 in./mi. when measured one to two and a half years after construction. Based on the results from the right wheel path and the wide spot laser, 67% of the right wheel path sections are in good condition with IRI values between 60 and 94 in./mi., 28% are in acceptable condition with IRI values between 95 and 170 in./mi., and 5% are in poor condition with IRI values of 170 in./mi. or greater. Although Caltrans did not identify which projects included the new specification, a trend was observed that projects completed later had lower IRI values than those completed several years earlier. |
| Keywords: | Engineering, smoothness, roughness, International Roughness Index (IRI), point laser, wide spot laser, wheel path |
| Date: | 2022–06–01 |
| URL: | http://d.repec.org/n?u=RePEc:cdl:itsdav:qt1642874z&r=ppm |