We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Managing in a mixed economy - Essay Example

Comments (0) Cite this document
This study deals with Private-Public Partnership (PPP) agreement between London Underground and Mertronet. The purpose of the PPP agreement was to acquire funds from the private sector. This paper begins with the background of London Underground and Metronet…
Download full paper
Managing in a mixed economy
Read TextPreview

Extract of sample
Managing in a mixed economy

Download file to see previous pages... This study deals with Private-Public Partnership (PPP) agreement between London Underground and Mertronet. The purpose of the PPP agreement was to acquire funds from the private sector. This paper begins with the background of London Underground and Metronet. Historical facts are also provided to understand the reason for selection of PPP as a means of financing. It also contains literature survey of the problems of London Underground and Metronet also the National Audit Office Report is presented. The paper has been concluded with a few causes and reasons for the London Underground failure and liquidation of Metronet and is followed by the recommendation for the improvement of the PPP agreement. London Underground has started its operation in the mid-19th century with the help of private venture capital. The Metropolitan line between Farrington and Paddington was the first construction, built by Sub Surface Line (SSL), which was one of the first construction sectors of London Underground (Wolmar, 2002). Due to absence of governing body and corporation, the entire sector started working independently. Therefore, the London Passenger Transport Board (LPTB) was formed in 1933 to control the road and underground transport. In 1948, it was undertaken by the British Commission. The five separate corporations including London Transport Board were restructured by British Commission. ...
The tubes were disorganised, chaotic and systematically mismanaged since the early days. Hence, it was necessary to form a PPP. During the year 2002, due to inadequate investment and problem in managing public service and maintaining infrastructure, it was decided that maintenance and renewal of London Underground’s infrastructure would be undertaken through PPPs (Kellaway & Shanks, 2007). In PPP agreement, a contract has been signed for 30 years and the main purpose was to obtain funds from private sector. It was a partnership between two functions of business, i.e. finance and operation. Private sector is well-organised than public sector to complete a project in a cost-effective way. The renewal and maintenance of the tubes by public sector operations and private sector infrastructure were an arrangement that ensured the tubes would provide successful service more efficiently. The stations, train operations, signalling and safety was continued by the public sector, through London Underground Limited. The infrastructure companies such as Infraco BCV, Infraco JNP and Infraco SSL were formed for the purpose to manage station, trains, and signal and track infrastructure. Infra JNP was undertaken by Tube Line on 31st December 2002 and on 4th April 2003 other two companies were undertaken by Metronet. Metronet had invested ?17 billion amount for the PPP contract of 30 years (Finn & Et. Al., 2007). Metronet Rail Group is the group of Metronet Rail BCV Limited and Metronet Rail SSL Limited based in London, UK. Metronet Rail BCV Limited is involved in upgradation, replacement and maintenance of sub-surface deep tube lines that operates in the streets of London (Bloomberg ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Managing in a mixed economy Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1419269-managing-in-a-mixed-economy
(Managing in a Mixed Economy Essay Example | Topics and Well Written Essays - 3000 Words)
“Managing in a Mixed Economy Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/macro-microeconomics/1419269-managing-in-a-mixed-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Managing In A Mixed Economy
The transport industry in a global observance has had numerous challenges. One of the main problems affecting this industry is the management and the development of good strategies that are meant to improve service delivery to the clients and citizens of the nations involved.
12 Pages(3000 words)Assignment
This innovation transport network started with a six kilometre line connecting Paddington to Baker Street and, further, to mainline stations above the ground in the city of London. Currently, LU comprises or more than 400 kilometres of railway track, serving 275 main stations, while traversing across 12 lines.
12 Pages(3000 words)Essay
One of the inconsistencies of present day’s economy has been viewed to be continuity along with progression of public private partnership (PPP). PPP is regarded as a predetermined contract between government and private segment which covers the mode for distributing public facilities such as electricity, water supply, transportation, education and healthcare.
9 Pages(2250 words)Essay
As such, PPP describes a private business venture of government service operated or funded through a partnership between a private sector company and the government. There are usually a number of arrangements describing PPP. In most cases, there is a contract in which the private venture provides a public service and thereby assumes technical, financial, and operational risks.
11 Pages(2750 words)Essay
As per the commonly provided explanations, a mixed economy is the economic system wherein both the state level organisations and the private sector possess a substantial control over the economic activities of the nation. The emergence of a mixed economy has been related with the failure of the centrally planned economy.
10 Pages(2500 words)Coursework
Managing Mixed Economy
The London is also home to the capitals leading air ambulance. The Royal London hospital was founded in 1740 and initially named The London infirmary (Barts Health 2013). It was founded on by seven men who were businessmen, professional and some philanthropist’s like any other charities it was purposely to intend to provide medical services to the sick poor.in 1748 the royal London hospital name changed to The London hospital (Banks 2013).
12 Pages(3000 words)Essay
Comparison of Free Market Economy and Mixed Economy Systems
The essay gives detailed information about advantages and disadvantages of free market economy and mixed economy systems, through the use of the real-world examples. A mixed economy permits parallel operation of private and public entities. In nations that have a free market system, financial freedom promotes high living standards and high wages.
4 Pages(1000 words)Essay
Comparative Analysis of Free Market Economy and Mixed Economy
This essay primarily focuses on the identification of the distinctive features of two most common economic system in the world. Free market is an economic system that is determined by the price mechanism. A mixed economy is a combination of a free market and planned economies. Free market economy is deemed more effective compared to a mixed type.
4 Pages(1000 words)Essay
Managing in a Mixed Economy
On the other hand, some services may be granted to persons with specific needs like disability services delivery and age care. Other services that the government ensures performance are basically such services that each and every national
10 Pages(2500 words)Essay
Managing in a Mixed Economy
Workington was established long time ago as early as 122 AD when the Roman forts established a defense watchtower along the Cumbrian coast. Their main agenda was to mine the coal and steel that was and still is the major resource of the area.
3 Pages(750 words)Essay
Let us find you another Essay on topic Managing in a mixed economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us