Highlights The design and the assembly of the financial architecture of the project would led it to failure, regardless any other issues. The crucial factors were the inadequacy of the projected scenario and the stipulated conditions for the judgment of the competing bidders. Financial parameters, such as opportunity rate and prices, should have been set according to the market. The only way to make the project feasible would be to increase freight capture and, thus, balance its cash flow.
Abstract The objectives of this paper were to assess whether the specific conditions of the Açailândia – Barcarena rail link tendering would have contributed to the abandonment of the first attempt to introduce an unbundling model for Brazilian railways and to examine some prospective contexts in which it might have become viable. The project was evaluated from a financial point of view, within the conditions imposed by the tender notice and considering the peculiarities of the local rail transport market. In this sense, different scenarios were outlined, for which the economic potential of the railway's area of influence, the required demand and the required collection tariffs for the viability of the corridor were estimated. The results indicated that there were mistakes in the tender process design and assembly, which, if corrected, would expand the prospects of success in making the project viable.
The unbundling project applied to the Açailândia – Barcarena rail link in Brazil: Why didn’t it work?
2021-05-07
8 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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