Private sector participation in infrastructure projects: a methodology to analyse viability of BOT

Many developing countries are now attempting to finance new infrastructure projects through private sector participation. This paper outlines a methodology based on financial and risk analyses that a government or a government utility can use to analyse the viability of private sector participation in new infrastructure projects. The water supply projects in Sri Lanka are used for the case study to outline the methodology. Financial analyses of a bulk water supply project and a water distribution project are carried out to estimate subsidy percentages that are required to make the projects viable, using a model developed for the investment analysis of all types of infrastructure project. This analysis looks at four pricing options for the bulk supply project, and sixteen procurement options for the distribution project, from the view point of the utility, for three cases of non-revenue water (35% as base case, 50% and 25% as extreme cases). The risk analysis takes into account the risk and uncertainty in non-revenue water, cost and demand estimates, rate of debt and forecasts of escalation. These analyses show that the best option for the utility is to obtain both bulk supply and distribution projects through private sector participation using BOT arrangements.     

Total project cost: a simplified model for decision makers

A simplified model for total project cost is developed in this paper to meet the numerous requests from decision makers for a model that can be used to estimate the total project cost from the estimated cash flows and, more importantly, to check the accuracy of the project cost estimates in feasibility studies that require prudent decisions. It begins with a base cost estimate in constant dollars and discrete cash flows with discrete inflation rates as practised by the construction industry. The discrete inflation rates are used to estimate the current dollar costs of the project. The effects of inflation are estimated as escalation during construction. Using the future value concept, interest during construction is estimated, in a simplified approach, to estimate the total project cost. Data from an actual feasibility study is used to highlight the strengths and weaknesses of the simplified model. The model is extended to treat discrete cash flows with continuous inflation rates.     

Elicitation of subjective probabilities for economic risk analysis: An investigation

This paper investigates three major issues regarding the elicitation of expert knowledge for economic risk analysis: (1) recognition of some of the implicit assumptions and beliefs; (2) development of an approach to elicit expert knowledge as accurate, calibrated and coherent subjective probabilities; and (3)a study to explore human ability to predict future events and the validity of the implicit assumptions and beliefs in the context of the expert judgements. The proposed elicitation approach combines the theoretical requirements for valid subjective probabilities with a practical process. The recognition that some of the implicit assumptions and beliefs in engineering risk analysis should be explored when dealing with the human ability to predict future events, and the inherent difficulties in developing experiments and methods to test such beliefs arc some of the benefits of the study. Directions for future work are suggested.     

Fabrication of protective-coated SiC reinforced tungsten matrix composites with reduced reaction phases by spark plasma sintering

SiC reinforced tungsten matrix composites were fabricated via the spark plasma sintering process. In order to prevent an interfacial reaction between the SiC and tungsten during sintering, TiOx coated SiC particles were synthesized by a solution-based process. TiOx layer coated SiC particles were treated in high temperature nitriding conditions or annealed in a high temperature vacuum to form TiN or TiC coated SiC particles, respectively. The TiC layers coated on SiC particles successfully prevented tungsten from reacting with SiC; hence the proposed process resulted in successful fabrication of the SiC/W composites. The mechanical properties such as compressive strength and flexural strength of the composites were measured. Additionally, the effect of SiC on the high temperature oxidative ablation of tungsten was also investigated. The addition of SiC resulted in an improved oxidative ablation resistance of the tungsten-based composites.     

Development of spark plasma sintered conductive SiC–TiB2 composites for electrical discharge machining applications

Highly dense electrically conductive silicon carbide (SiC)–(0, 10, 20, and 30 vol%) titanium boride (TiB₂) composites with 10 vol% of Y₂O₃–AlN additives were fabricated at a relatively low temperature of 1800°C by spark plasma sintering in nitrogen atmosphere. Phase analysis of sintered composites reveals suppressed β→α phase transformation due to low sintering temperature, nitride additives, and nitrogen sintering atmosphere. With increase in TiB₂ content, hardness increased from 20.6 to 23.7 GPa and fracture toughness increased from 3.6 to 5.5 MPa m^1/2. The electrical conductivity increased to a remarkable 2.72 × 10³ (Ω cm)^–1 for SiC–30 vol% TiB₂ composites due to large amount of conductive reinforcement, additive composition, and sintering in nitrogen atmosphere. The successful electrical discharge machining illustrates potential of the sintered SiC–TiB₂ composites toward extending the application regime of conventional SiC-based ceramics.     

Cu-K/Al2O3 based catalysts for conversion of carbon dioxide to methane and carbon monoxide

Abstract

A series of Cu-K/Al₂O₃ catalysts were synthesized by wet impregnation technique. The reduced catalysts were further used for conversion of carbon dioxide to methane and carbon monoxide. Moreover, the fresh and used catalysts were characterized to investigate the changes in the surface morphology, metal dispersion, surface area, crystalline phases, and functional groups of studied catalysts. The SEM analysis of fresh and spent catalysts showed no remarkable difference in surface morphology with irregular shaped agglomerated particles. Furthermore, TEM micrographs presented the well distribution of metal catalyst over alumina support. The decrease in surface area from 115 to 77?m²/g for Cu_1.62-K_0.5/Al₂O₃ after reaction was related to sintering and oxidation of catalyst during reaction. XRD revealed the disappearance of some minor peaks which can be associated with the sintering of spent catalyst. FTIR also presented some new peak for spent catalyst which can be linked with metal oxides. Moreover, various reaction conditions of temperature (230, 400, and 600?°C), pressure (1 and 7?bar), and feed molar ratio of H₂/CO₂ (2:1 and 4:1) were investigated using different Cu loading (0, 1, 1.25, 1.62, and 4 weight percent). A maximum CO₂ conversion of 63% with 39% CH₄ selectivity was achieved by using Cu_1.62-K_0.5/Al₂O₃ at 600?°C, molar ratio of H₂/CO₂ 4 under 7?bar. The presence of K on the surface of synthesized catalyst increased the CO₂ conversion from 48% (Cu₁/Al₂O₃) to 55% (Cu₁-K_0.5/Al₂O₃) at above mentioned reaction conditions which suggested the promoter effect of K during conversion of carbon dioxide.     

Corrosion behaviour of some stainless steels in chlorinated Gulf seawater

The corrosion resistance of conventional and high alloy stainless steels (specifically 316L, 317L, 904L, duplex 2205, 3127hMO, 1925hMO, 254SMO, 654SMO and Remanit-4565) was determined electrochemically in chlorinated and unchlorinated Arabian Gulf Seawater at 25 and 50 °C. The stainless steels 316L and 317L were used as reference alloys. The electrochemical potentiodynamic cyclic polarization method was used to determine the passive film break down potential (E _b), protection potential (E _prot) and maximum current attained on scan reversal (I _max). It was found that at 25 °C in chlorinated and unchlorinated seawater and at 50 °C in unchlorinated seawater, stainless steels 316L and 317L have poor resistance to corrosion, Stainless steels 904L and duplex 2205 at 25 °C in chlorinated and unchlorinated seawater showed good resistance to corrosion but at 50 °C these steels failed to resist. The high alloy stainless steels such as 3127hMO, 1925hMO, 254SMO, 654SMO and Remanit-4565 showed better corrosion resistance under all the test conditions.     

Synthesis and structural characterization of an alternating double aquo-bridged and single cyano-bridged polymeric barium–iron complex: {[Ba2(phen)4(H2O)6Fe(CN)6]·Cl·2(phen)·3H2O}n

A new alternating double aquo-bridged and single cyano-bridged polymeric complex {[Ba₂(phen)₄(H₂O)₆Fe(CN)₆]·Cl·2(phen)·3H₂O}_n (1) (phen = 1,10-phenanthroline) has been synthesized and structurally characterized. In the crystal structure the two centrosymmetric [Ba₂(phen)₄(H₂O)₆] units are bridged through two trans CN groups of [Fe(CN)₆]³⁻ ion, which results in the formation of a zig-zag polymeric chain. In each [Ba₂(phen)₄(H₂O)₆] unit, the two Ba centers are joined by double aquo bridges. Both the Ba atoms are 9-coordinated with distorted mono-capped square antiprismatic geometry. An elaborate hydrogen bonding system holds the parallel polymeric chains together.     

Exploring Pharmacological Functions of Alternatively Spliced Variants of the Mu Opioid Receptor Gene,Oprm1, via Gene-Targeted Animal Models

The mu opioid receptor has a distinct place in the opioid receptor family, since it mediates the actions of most opioids used clinically (e.g., morphine and fentanyl), as well as drugs of abuse (e.g., heroin). The single-copy mu opioid receptor gene, OPRM1, goes through extensive alternative pre-mRNA splicing to generate numerous splice variants that are conserved from rodents to humans. These OPRM1 splice variants can be classified into three structurally distinct types: (1) full-length 7 transmembrane (TM) carboxyl (C)-terminal variants; (2) truncated 6TM variants; and (3) single TM variants. Distinct pharmacological functions of these splice variants have been demonstrated by both in vitro and in vivo studies, particularly by using several unique gene-targeted mouse models. These studies provide new insights into our understanding of the complex actions of mu opioids with regard to OPRM1 alternative splicing. This review provides an overview of the studies that used these gene-targeted mouse models for exploring the functional importance of Oprm1 splice variants.