000			04859nam a2200397 4500
005			20260818223403.0
008			210817 1997 th r m eng
035			_a.b11642889
099		9	_aAIT Thesis no.IP-97-09
100	0		_aUthairith Rochanavibhata
245	1	0	_aSuitable fare rates for mass rapid transit : _ba case study of the initial system project by the Metropolitan Rapid Trannsit Authority, Thailand
260			_aBangkok : _bAsian Institute of Technology, _c1997
300			_a40, [21] leaves
490	1		_aThesis ; _vno. IP-97-09
500			_aA thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Civil Engineering
502			_aThesis (M.Eng.) - Asian Institute of Technology, 1997
520			_aThe congestion of traffic in Bangkok is now becoming a serious problem. The government has been faced with a traffic congestion problem and they try to solve it by taking measures such as accelerating road construction, increasing the number of public buses. Implementing the mass rapid transit (MRT) system can be considered as one of the alternatives. Up to now, no MRT system is in operation in Bangkok. The main reason why no MR T systems are being operated yet is that huge amount of money is required to construct and operate MRT systems. Traditionally infrastructure projects in Thailand are financed directly from government budgetary resources and operated by public agencies. MRT project is a part of basic public utility which should be actually managed by the government. But the government has been faced with the lack of funds and therefore MRT project can gain only a limited budget from the government. Increased constraints on budgetary resources and a general trend towards privatization have changed the investment of infrastructure projects. Now, private investors have opportunity to play a significant role in infrastructure projects with the Build-Operate-Transfer (BOT) scheme. The nature of private investors is that they invest only in profitable business and want to make the maximum profit under given constraints. The ISP project is necessary to be implemented by public and private sectors. There are two reasons why this project must use mixed financing. First, the government view this project as a basic public utility and it can solve the traffic congestion. But the government cannot provide the funds for entire the project. Second, the private investor's viewpoint is that this project must have a reasonable financial return. The main revenue ofISP project comes from the fare. Then the appropriate fare rate is very important to make this project feasible. The fare rate ofISP project can be determined by several method, such as formulate the mathematical model, optimization fare. In this paper will be determined by using numerical criteria in financial analysis. The cash flow table will be formulated entire during the concession period of 30 years by using program "Excel" in Microsoft Office. In the cash flow table will be shown cash inflows and cash outflows of the ISP project. From the results of financial analysis, it shows this ISP project is not profitable for investment. As a fact, these appear to be a normal consequence of large scale infrastructure investments such as the Initial System Project. In the viewpoint of private investors, they should receive the financial return at the minimum market interest rate. For the viewpoint of government, as the result shows, they loss the money in this project. But this project is strongly needed in order to solve many problems especially traffic congestion. The government therefore should subsidize the money to this project. This is because, at least, this project can make the social & economic benefit.
650		0	_aLocal transit _zThailand _zBangkok _xFares
700	1		_aLee, Byoung Nam, _eChairperson
700	1		_aSaeed, Khalid, _eExamination committee
700	1		_aMorisugi, Hisa, _eExamination committee
700	0		_aChotchai Charoenngam, _eExamination Committee
710		2	_aRoyal Thai Government, _eScholarship donor
810	2		_aAsian Institute of Technology. _tThesis ; _vno. IP-97-09
856			_3Full-Text _u http://203.159.5.9/ait-thesis/detail.php?q=B13903
907			_a.b11642889 _bmnait _cy
902			_a240402
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