چکیده:
Choosing the right method of financing, preparing and allocating operational and executive budgets for infrastructure projects, especially metro projects, is one of the major challenges facing big cities, due to the lack of a suitable framework for it, despite the high cost and time, Does not have the desired result. The purpose of this research is to examine the characteristics of the metro projects and the choice of financial resources to assist in the selection of the proper financing method for metro projects, which is the project of Tehran Metro Line 7 with the same objective and in the realm - the section of the employer and the contractor- was examined, then by collecting the necessary information through a structured questionnaire and interview with experts who are senior executives, financial managers, investment, legal and contractor related to the metro, with the help of The Expert Choice software and the AHP technique, while extracting 12 main features affecting financing Sub-metropolitan areas as criteria for influencing decision making; prioritized methods for financing the metro projects were ranked in priority order, including Buy Back, BOT, LC, Sales of Bond, Usance, International Loans, and, finally, Foreign Direct Investment . Finally, the conditions of Tehran Metro Line 7 were compared with the results and analyzed. The result of this research can be used for researchers, finance activists, employers and contractors of EPC.The result of this research can be used for researchers, finance activists, employers and contractors of EPC
خلاصه ماشینی:
Analysis and prioritization of financial resource procurement methods in urban rail projects (Metro) in Iran; (Case study of Tehran Metro Line 7 project) Tehran Metro ) 1 Ehsanollah Eshtehardian 2 Mousa Hajiani 3 Davood Dehaqin Date Received: 2018/05/15 Date Accepted: 2018/08/29 Abstract Selecting the appropriate method for financing, and preparing and allocating operational and executive budgets for infrastructure projects, especially metro projects, is one of the important challenges of large cities.
Then, by collecting necessary information through questionnaires and structured interviews with experts, including senior managers, financial managers, investment, legal, and contract managers related to the metro, with the help of Expert Choice software and the AHP technique, while extracting 12 main characteristics affecting the financing of metro projects as criteria influencing decision-making; the envisioned methods for procuring financial resources for metro projects were prioritized.
Figure 1: General classification of financing methods (Refer to the page image) Research Background Many studies have been conducted in the field of project financing; a summary of those that share the research topic is presented below: In the study by Ashkooh (2009), appropriate financing approaches in power plant projects were investigated, and the most suitable solution was identified as separating country risk from project company risk, and it also suggested modifying the management structure and financing the foreign currency reserve account.
For this reason, considering the importance of the subject and the fact that no such study has been conducted, in this research, with the aim of helping to increase the quality and speed of metro project implementation, financing methods are investigated with the help of experts, and finally, based on the results, a prioritization is provided for it.