Developing A Life Cycle Risk Management Framework For Public-Private Partnerships(PPP)Railway Projects:Puerto Cabello-Barquisimeto Line In Venezuela

The following line of research is based on the development of a life cycle risk management framework for public-private rail projects(PPP):Puerto Cabello-Barquisimeto line in Venezuela.PPP are now commonly used in both developed and developing countries to accelerate economic growth,development and infrastructure delivery and to achieve quality service delivery and good governance.Given the changing economic,social and political environment,coupled with globalization and budgetary constraints,PPP has become unavoidable and indeed is considered desirable by many countries.For many developing countries that are facing major challenges in the provision of infrastructure,PPP has become about the only show in town in order to control public sector borrowing.The need for PPP in developing countries has been intensified by the public sector realization of the vital role of modern infrastructure in economic growth and poverty alleviation,which cannot be supported by the existing level of public sector income.Before going into details,we must bear in mind that between 1950 and 1955,when the reconstruction was practically complete,the railway had the same infrastructure as during the nineteenth century.Thus,the railroad,in countries with liberal economies,studied a black period in the decade from 1955 to 1965.Currently,the emergence and development of transport,with new economic strategies,have brought new changes in the transport of goods and passengers,its advantages have been recognized throughout the world.Comparing China's rail transport with foreign countries,there is still a big gap.At present,the transport market is highly competitive,and rail should improve the competitiveness of the transport market.Consequently,one of the questions that were traditionally developed in the research was:What does this model consist of?Traditionally,it consists of hiring services provided by the private sector;provided that it is proven that it generates equal net benefits or greater than those that would be obtained if the services were provided through the realization of a traditional investment project.In short,it is a long-term operating contract between the public and private sectors,which implements the delivery of services with the highest quality to the public sector,for an extensive period of time and at a cost that represents a value for the money(Value for Money)[1].The methodology of the thesis is based on theoretical research and carries out an in-depth study of the life cycle analysis for Public-Private railway projects(PPP),specifically on the Puerto Cabello-Barquisimeto line in Venezuela,referring mainly to the results of previous studies,using the systematic point of view,transport organization,optimization theory,systems science and other disciplines related to the study.The purpose of this research is to promote the rapid development of railways,develop the national and international rail system in Venezuela,in a safe and stable manner that protects the environment,improve the competitiveness of block trains in the axis of Venezuela and the neighboring countries,the factors that affect the development of transport infrastructure and support services,commercial demand,comprehensive transport costs,based on the results of the risk management framework used with the Public-Private(PPP)Monte Carlo-NPV model.Some recommendations were proposed for the development of the railroad in Venezuela to improve the international trade channel,increase the integration of resources,establish and improve the infrastructure mechanism.