Government and political involvement in Transport

Front

Transportation supply

Back

the provision of transport infrastructure, services and networks by the private sector and the government for a specific period of time and in a specific geographical area

Front

Transportation suppliers consist of:

Back

Government, Private sectors and Individuals

Front

Reasons behind government's role in transport supply EXCEPT: Important for economic/strategic purposes, High investment, Not conducive for market competition, Public service, Loss making ventures

Back

Loss making ventures

Front

Does the private sector supply transport in the form of infrastructure, services, and networks?

Back

False

Front

Types of ownership and organization in transport: partnership, limited liability company, cooperatives.

Back

False

Front

Reasons privatization of transport supplies is encouraged EXCEPT: it complements any shortcomings of government supply, considered more effective and efficient, helps reduce corruption, it overcomes limitation of government budgets

Back

helps reduce corruption

Front

Privatization takes place where the private sector provides transport services with government funds.

Back

False

Front

Privatization methods include:

Back

BOT, BOO, BTO and BOOT

Front

Built Operate Transfer: A private entity receives a franchise from the public sector to finance, design, construct, and operate a facility for a specified period, after which ownership is transferred to the private sector.

Back

False

Front

Built Own Operate Transfer (BOOT)

Back

financing arrangement in which a developer designs and builds a complete project or facility (at little or no cost to the government or a joint venture partner)