Home > Published Issues > 2016 > Volume 5, No. 1, February 2016 >

Selecting an Appropriate Finance Method of Public-Private Partnership for Railway Projects in Iran through AHP Method

Esmatullah Noorzai1, Kobra Gharouni Jafari2, Mahmood Golabchi1, and Sahar Hamedi3
1. Department of Architecture, University of Tehran, Tehran, Iran
2. Department of Management, University of Tehran, Tehran, Iran
3. Department of Civil Engineering, University of Toronto, Canada

Abstract—One of the recent innovations in developing countries has been taking advantage of private sector investment in setting up and managing infrastructure projects. In recent decades, these types of contracts are used extensively in developed countries with public- private partnership framework. Implementation and expansion of private partnerships in infrastructure projects results increase in investment and economical productivity. The paper purpose is to select the appropriate type of PPP contracts in financing railway projects in Iran benefiting from the decision making science and the expert opinions. The effect of criteria on selection method of financing railway project has been determined by using the questionnaire. Then the effect of criteria on financing method through partnerships (DBFO, BOT, BOO, Traditional PRI) has been assessed. Finally, suitable methods for financing rail projects are presented in order of preference, applying AHP methodology and Expert Choice software. 

Index Terms—finance, railway projects, partnership, AHP method

Cite: Esmatullah Noorzai, Kobra Gharouni Jafari, Mahmood Golabchi, and Sahar Hamedi, "Selecting an Appropriate Finance Method of Public-Private Partnership for Railway Projects in Iran through AHP Method," International Journal of Structural and Civil Engineering Research, Vol. 5, No. 1, pp. 74-79, February 2016. doi: 10.18178/ijscer.5.1.74-79