• International conference on construction engineering and project management
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• 2022.06a
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• pp.960-966
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• 2022

Mobility is an essential human need. Human survival and societal interaction depend on the ability to move people and goods. Efficient mobility systems are essential facilitators of economic development. Cities could not exist and global trade could not occur without systems to transport people and goods cheaply and efficiently. Rail has been considered as one of the important components of the transportation infrastructure required to service and improve the performance and productivity of an economy. In Nigeria, the rail infrastructure built by the colonial master several decades ago has been left in a state of total deterioration. This long neglect was occasioned by the failure of the government to pay adequate attention to infrastructure development. There is a vital and urgent need for rail infrastructure development in Nigeria. This study presents a systematic review of the evolution of rail, the current nature of railway infrastructure delivery in Nigeria, and offers possible suggestions on how to achieve an effective and sustainable rail infrastructure delivery in Nigeria. A thorough literature search of academic databases was conducted on current research trends on the subject of railway infrastructure by systematically reviewing selected published articles from reputable research domains. The analysis of the selected articles revealed the following among others (1) the existing railway infrastructure is in a state of mess and not sustainable, and (2), Government's investment/commitment in rail infrastructure seems inadequate compared to what is obtainable in other developed countries. Rail infrastructure development cannot be left to the Federal government of Nigeria to solve on its own; collaboration and participation are required. Government as a matter of priority should devote considerable attention to the development of rail infrastructure to harness the economic potential and transformation that sustainable rail infrastructural projects will provide.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.800-807
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• 2009

The limited public funds available for infrastructure projects have led governments to consider private entities' participation in long-term contracts for finance, construction, and operation of these projects to share risks and rewards between the public and the private. Because these projects have complicated risk evolutions, diverse contractual forms for each project member to hedge risks involved in a project are necessary. In light of this, Build-Operate-Transfer(BOT) model is considered as effective to accomplish Public Private Partnerships(PPPs) with a characteristic of an ownership-reversion. In BOT projects, the government has used such an incentive system as minimum revenue guarantee(MRG) agreement to attract the private's participation. Although this agreement turns out critical in success of BOT project, there still exist problematic issues in a financial feasibility analysis since the traditional capital budgeting theory, Net Present Value(NPV) analysis, has failed to evaluate the contingent characteristic of MRG agreement. The purpose of this research is to develop real option model based on option pricing theory so as to provide a theoretical framework in valuing MRG agreement in BOT projects. To understand the applicability of the model, the model is applied to the example of the BOT toll road project and the results are compared with that by NPV analysis. Finally, we found that the impact of the MRG agreement is significant on the project value. Hence, the real option model can help the government establish better BOT policies and the developer make appropriate bidding strategies.

• Korean Journal of Construction Engineering and Management
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• v.8 no.5
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• pp.92-100
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• 2007

PFI(Private Finance Initiative) Project is carried to expand infrastructure effectively through participation of private investment. From the year 2005, the range is expanded not only industrial infrastructure such as made road, harbors and so on but living infrastructure such as school facilities, environmental facilities. For this reason BTL(Build-Transfer-Lease) system is mainly used in new private finance initiative project but in existing private finance initiative project BTO(Build-Transfer-Operate) system was used. BTL system is operated to judge fitness of private investment and classified into quantitative VFM(Value for Money) and qualitative VFM. In this research the estimation item of qualitative VFM which is hard to deduce the effect is created and after surveying of questionnaire in target of experts, relative importance and weight is established with AHP(Analytic Hierarchy Process). By estimating efficiency and benefit of quantitative VFM and qualitative VFM aspect effectively it is expected to support a rational making decision for operating BTL.

• Journal of the Korean Geosynthetics Society
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• v.18 no.4
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• pp.53-61
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• 2019

It is well known there are a lot of undeveloped energy resource in the Arctic circle. As global warming enables the use of Arctic sea routes, the interest in Arctic resource development is increasing. Recently, polar neighbors and developed countries are actively promoting construction project in Arctic circle. However, the issue of environmental pollution caused by Arctic resource development has been raised. Today, environmental issues have a significant impact on the success of the project as well as on the costs of Arctic development projects. Therefore, it is necessary to secure a technology related to energy resource development and transportation for the Arctic resource project. In addition, the establishment of strategy for environmental impact assessment (EIA) is important. This paper shows the characteristics and procedures of EIA for developing Arctic resources, and reviews how to construct the systematically management of the necessary information. This system consists of a database required for environmental impact assessment and its application. The system is expected to be utilized for strategic development projects in the Arctic.

• Journal of Korean Society of Rural Planning
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• v.26 no.4
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• pp.81-91
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• 2020

This study was conducted to analyse climate change impact on agriculture infrastructure and propose improved measures on vulnerable areas. Recently, Climate change has resulted in damaging effects on agricultural fields through increases in drought intensity and flood risk. It is expected that this impact will increase over time. This study shows that Gyeong-gi and Chung-nam provinces are affected by drought and Gyeong-buk and Gyeong-nam provinces are affected by heavy rain. However, there are also regional variations within each province. Agricultural infrastructure affected by drought may also be affected by heavy rain. Increased damages on the infrastructure due to increased extreme weather events require preventive measures especially in vulnerable areas. In order to minimize the damage by climate change, we need to introduce a reform in the system which selects project region by analysing climate change impacts. Furthermore, impact assessment of climate change from projects such as 'water supply diversification', 'flooded farmland improvement', and 'irrigation facility reinforcement' also need to be adopted to improve the measures. The results of this study are expected to provide a foundation for establishing measures on coping with climate change in the agricultural sector.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.195-200
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• 2021

In recent years, Vietnam's economic growth rate has been attributed to the growth of many well-managed industries within Southeast Asia. Among them is the civil construction industry. Construction projects typically take a long time to complete and require a huge budget. Many socio-economic variables and factors affect total construction project costs due to market fluctuations. In recent years, crucial socioeconomic development indicators of construction reached a fairly high growth rate. Also, most infrastructure and construction projects have a high degree of complexity and uncertainty. This makes it challenging to predict the accurate project price. These challenges raise the need to recognize significant factors that influence the construction price index of civil buildings in Vietnam, both micro and macro. Therefore, this paper presents critical factors that affect the construction price index using the fuzzy extent analysis process in an uncertain environment. This proposed quantitative model is expected to reflect the uncertainty in the process of evaluating and ranking the influencing factors of the construction price index in Vietnam. The research results would also allow project stakeholders to be more informed of the factors affecting the construction price index in the context of Vietnam's civil construction industry. They also enable construction contractors to estimate project costs and bid rates better, enhancing their project and risk management performance.

• Journal of the Korean Society for Precision Engineering
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• v.17 no.3
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• pp.15-21
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• 2000

The Intelligent Manufacturing Systems (IMS) Rapid Product Development (RPD) Project is an international partnership formed to build a pre-competitive research and development program that will address the integration of new technologies in manufacturing and provide an infrastructure for industry to cooperate much more closely in the product development cycle. In this explanatory paper, a research trend of the RPD project is briefly presented, together with its background and state-of-the-art, focusing on objectives and target results of its sub-projects which include rapid development of functional parts and tools, validation and reverse engineering, and information logistic system.

• Journal of the Korean Institute of Rural Architecture
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• v.8 no.3
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• pp.59-66
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• 2006

The subject village of our study has numerous tourist attractions around it, and possesses various Confucian cultural heritages. The purpose of this study is to investigate public space improvements of a village possessing abundant historical and cultural heritages that has turned into a experience-tour village. As for the research method, cultural and social characteristics of the village were identified. In addition, infrastructures were classified by livelihood based infrastructure, tour based infrastructure, and agriculture based infrastructure in order to analyze individual public space improvement cases. As a result, it was found that public space improvements of the village improved the educational facilities and tour resources using historical resources. In addition, it was found that public spaces for residents to get along with tourists(who are willing to experience the village) were created.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.676-677
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• 2015

In Korea, NSDI(National Spatial Data Infrastructure) was implemented for integrating and sharing the nationally generated spatial data. One of the main roles of implementing NSDI is providing spatial data to public agencies. And now, the establishment plan for NSDI with the technical advancement should be needed. This paper deals with the technical aspects of adopting cloud service in the NSDI. First, we propose the concept for target system, which shows the current and future NSDI. In the future NSDI model, GIS cloud and governance systems are included. Service functions for cloud system and infrastructure implementation design directions are derived. Finally, governance system implementation plan is described. This research will contribute to the implementation of NSDI cloud service system.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.665-666
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• 2015

Recently BIM technology has been expanded for using in construction project. However its spread has been delayed than the initial expectations, due to the high-cost of BIM infrastructure development, the lack of regulations, the lack of process and so forth. In construction site phase, especially the analysis of current research trend about IT technologies, virtualization and BIM service, data exchange such as drawing, 3D model, object data, properties using cloud computing and virtual server system is defined as a most successful solution. The purpose of this study is enable the cloud computing BIM server to provide several main function such as edit a model, 3D model viewer and checker, mark-up, snapshot in high-performance quality by proper design of VDI system. Concurrent client connection performance is a main technical index of VDI. Through test-bed server client, developed VDI system's multi-connect control will be evaluated. The performance-test result of BIM server VDI will effect to development direction of cloud computing BIM service for commercialization.