In Chapter 2, pp. 54-71 we will look at four case studies involving the financing of major infrastructure megaprojects Bostons Big Dig, the Mozal Project in Mozambique, the Euro Tunnel Project between London and Paris, and Californias High Speed Rail. The financing for each of these projects was very different. The Big Dig was 100% publicly funded, Euro tunnel was 100% privately financed, and the Mozal project was a combination of public and private financing. California High Speed Rail like the Big Dig is also publicly funded. Of the four projects from a financial perspective, the Mozal project in a developing country may be considered the most successful since it completed the project six months ahead of schedule and millions under budget. Please answer the following questions in detail and use each question as subtitles(this paper do not need an introduction
and conclusion, focus on questions).
1. Based on your readings and relevant outside research explain how from a governance perspective you would manage a projects financing to ensure that if the project is behind schedule or over budget you will have sufficient funds to complete the project. For example, who would you hold accountable for ensuring funds will be available (the project manager? the program manager? the sponsors? Or others?) Provide examples from your course readings or outside research.
2. What processes or procedures would you put in place to make sure that even if costs rise financing will be available so the project will not have to be delayed or even terminated.
3. How would you obtain public buy in from a governance perspective? Be creative in your responses as you explore the critical topic of governance and project finance.
