Rede Alta Velocidade, SA RAVE, the state-owned company holding responsibility of developing and planning a major high speed train project in Portugal, must convince both lenders and public officials the project is worth undertaking. Especially it must determine the role of the Portuguese government in financing and operating the high speed rail system, with choices that range from management and full development of the job by the public sector to direction and fully private development. Lying in between these two polar cases were a variety of hybrid models frequently referred to as public-private partnerships (PPPs). Using data in the instance, students have the opportunity to perform a benefit-cost analysis of the job. They also must think carefully about the optimal role of the government in a significant infrastructure project that is new.
PUBLICATION DATE: January 01, 2011 PRODUCT #: KEL513-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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