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Title: PROCEEDINGS OF THE WORKSHOP ON INTERNATIONAL TRANSIT TURNKEY AND JOINT DEVELOPMENT. SESSION 5: ENVIRONMENTAL AND RISK MANAGEMENT CONSIDERATIONS
Accession Number: 00748234
Record Type: Component
Availability: Find a library where document is available Abstract: Session highlights are as follows: (1) Innovative approaches in environmental management, such as performance based financial incentives, collaboration with the community with regards to mitigation measures, and agreements with agencies that address the review process, minimizing paperwork and cost to all parties, should be pursued. (2) Unresolved environmental issues, since they result in higher risks which in turn result in higher costs, should be avoided. An effort should be made to understand risk probabilities. A proactive environmental management process should be established early in a turnkey procurement process. (3) In a turnkey procurement process, risks must be clearly explicit. Different methods are available to manage risk. A methodology for managing risk was presented. A flow-chart process was also presented to help in the process of identifying and managing risk. The different types of risks were discussed with suggested strategies to manage them. (4) In an effort to foster and direct community participation in transit projects, the Livable Communities Initiative Program was established by the Federal Transit Administration in 1994. A video was presented showing how communities got involved and challenged projects through legal actions in the Los Angeles area. Public Participation/Community Participation should have an active role in every phase of a transit project. (5) The industry is currently developing insurance policies that would protect design liability. Currently, sureties are applicable only in the construction phase of a project. They are also investigating the possibility of Phase Contracting where the owner accepts the risk in the design phase and sureties cover the construction phase. (6) The contractors' perspective in Risk Allocation is: How well companies identify, manage, and mitigate risk directly impact their bottom line. Risk allocation must be balanced between the public and private sector. Risks must be placed where they can best be managed. (7) Bay Area Rapid Transit's experience with environmental considerations in the extension to the San Francisco International Airport was explained. (8) The consultant's perspective with regards to environmental and risk management is: The role of a consultant is to identify clients that have a sound commitment to complete projects. One must know the playing field, understanding clients, stakeholders, and regulatory framework. One must push the limits by understanding best practices, relating innovation to established objectives, and valuing good design.
Supplemental Notes: Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Accession #: 00748223
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Russo, F MMendes, DLee, D BEnty, F ESchubert, LOakley, R WSmith, EAIELLO, JPagination: p. 43-48
Publication Date: 1998-3
Serial: Conference:
Workshop on International Transit Turnkey and Joint Development
Location:
San Juan, Puerto Rico Media Type: Digital/other
Features: Figures
(2)
TRT Terms: Identifier Terms: Uncontrolled Terms: Subject Areas: Environment; Finance; Highways; Policy; Public Transportation; Society
Files: TRIS, TRB
Created Date: Apr 20 1998 12:00AM
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