How to attract private sector participation in the development of roads and equip them to intelligent transportation systems (ITS)

Behnam Asghari¹ Vafa Jabbari² Arash Loghmani³

1) MSc, Road and Transportation Engineering, Payame Noor University, Tehran-North
2) MSc, Civil engineering graduate student orientation, Islamic Azad University, Mahabad, Iran
3) MSc, Road and Transportation Engineering, Payame Noor University, Tehran-North

Publication : 2nd International Conference On Modern Researches in Civil Engineering, Architecture And Urban Development(2cauconf.com)
Abstract :
Today, with increasing development of traffic engineering, there has been developed a plenty of methods and tools in terms of traffic management. One of which is intelligent transportation system (ITS), that plays a major role in safety and activation of transportation. One of the reasons for the decline in the use of intelligent systems can be mentioned as lack of public funds. Here, attracting of private sector investment, such as banks and insurance companies, can play an important role in achieving this goal. In this paper, various methods of financing and contracts for the purchase, installation and exploitation of these systems by using BOT, BOOT, FINANCE, etc. have been studied and the most consistent method has been proposed.
Keywords : Government and private sector participation Non-governmental financing Encourage private sector investment in the transportation industry.