¶ … large scale project, effective management is critical in dealing with key challenges and becoming responsive to the needs of stakeholders. In the case of the Brantas River Basin Development and Ourzazate Solar Power Station projects, these strategies are critical to avoiding cost overruns and ensuring it meets the long-term needs of both regions. To fully understand what is taking place requires carefully examining each one, demand, the regulatory / political environment, ecological / social, the financing model, execution / control, security challenges / safety and post implementation assessment. Together, these different elements will illustrate how to deal with critical challenges and ensure that both are capable of meeting the needs of stakeholders.
Brantas River Basin Development Project
The Brantas River Basin project is focused on developing a hydro electric dam inside Indonesia. The basic idea is to control flooding, provide greater amounts of irrigation and produce electricity that will address the region's continuing needs. For stakeholders, this helps the local economy to grow and it provides a viable alternative which prevents flooding of the river at certain times of the year. These areas addressing their needs, by providing additional amounts of resources through: ensuring there is a local source of electricity and that farmers will have enough
This has a positive impact on the local economy by making it more predictable and capable of evolving with numerous issues it will face with a growing population in the region. Politically and from regulatory perspectives; this project was seen as one which could ensure there was enough water. While at the same time, it allowed the government to effectively control the flow of this resource. The environmental implications are the ecosystem and natural habitats are disrupted from the flow of the river. Socially, this has the potential to disrupt entire communities who will be affected by flooding from the development of the dam and it will destroy their way of life. Financing is provided through the issue of bonds, government matching funds and a loan provided by the World Bank. The management of the project experienced increased cost overruns. To deal with these issues, the government established procedures which had an independent auditor to monitor its development. However, there were inevitable delays from weather related factors and having to make adjustments to the original strategy. To address these issues, the government provided additional amounts of funding and increased the sure charge on electricity. Security focused on preventing radicals from disrupting development. While at the same time, more stringent safety standards were imposed on contractors who were constructing the dam. Post implementation management involved the government charging a fee to cover the costs…
Infrastructure is the foundation of a healthy economy and an equitable society. The World Bank's Policy Research Report on Reforming Infrastructure: Privatization, Regulation, and Competition evaluates infrastructure issues in several major sectors: telecommunications, electricity, transportation, and water. Within these infrastructural areas, the report addresses topics related to privatization, state ownership, competition, and regulation. Finally, the report incorporates social and economic concerns into proposed policy reforms. Both privatization and state control
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Infrastructure Projects Importance of Infrastructure Infrastructure projects have direct impact on the economic growth of society. Research shows that most societies have become better stewards of the environment as a result of sustainable infrastructure within the society. For security, the societies can no longer afford to ignore the aging dams, broken water mains, congested roads as well as, deficient bridges. Infrastructure projects developments have enabled the societies to remain a strong and
As our business operates in many remote, poor areas, which is ironically where gold is found the majority of the time, our community development and CSR managers travel extensively to these locations and complete planning and implementation programs to define how best the local economic can be improved through infrastructure development. A series of these trips showed that by providing Internet access throughout the local libraries, high school graduate
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Economic Development in Honduras: A Banana War Legacy An Analysis of Economic Development in Honduras from 1820 to Present In many Latin American countries such as Honduras, the historical emphasis that has been placed on agriculture as a money industry for export purposes has resulted in the term, "banana republic" (Nash & Jeffrey 1994). Following their independence, most Latin American countries continued to depend on the export of raw materials for their
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