Funding strategy and financial feasibility for the river passenger transport operations in a major city in the MENA region
Situation
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Client required support in reviewing current river passenger transport operations, infrastructure, demand and governance model; involving the private sector
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Baseline of overall Transport Issues
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Transport services and infrastructure struggling to meet demand
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High levels of transport-related pollution, congestion and road safety violations
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Underdeveloped public transport sector; Inefficient ops of low-fare public transport modes
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River Transport Specific Issues; Less than 0.01% of public transport carried on Nile
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Current fleet old and underutilized; Money losing operations require government subsidies
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Minimal additional revenues from ancillary services (e.g. tourism, charters etc.)
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Developed funding strategy and bidding process
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Defined funding strategy through partnership model and procurement approach
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Developed understanding of current assets, infrastructure, controlling laws & regulations, stakeholders’ roles and responsibilities
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Drafted bidding documents - Request for Qualification (RFQ), Request for Proposal (RFP) for an international tender
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Benchmarked relevant cities to identify best practice solutions
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Developed passenger forecasts to estimate unfulfilled need and future ridership
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Conducted VfM analysis and developed Public Sector Comparator to determine value of project to public and private partners and determine subsidy level
Contribution
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Developed the bidding documents for a concession agreement and identified interested parties