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Essay / Research Paper Abstract
This 9-page paper examines the risks and uncertainties surrounding Med Tunnel -- a fictitous project that would connect Italy and Greece in the same way that the Eurotunnel connects England and France. The paper includes a PEST analysis (relying on the real-life Eurotunnel). Also discussed is the Monte Carlo Simulation as a risk analysis method. Bibliography lists 5 sources.
Page Count:
9 pages (~225 words per page)
File: D0_MTMedtun.rtf
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Unformatted sample text from the term paper:
history (Beidleman et al, 1990). The project financing was used to construct the Suez Canal as well as British railroads (Beidleman et al, 1990). This type of financing
tends to be used for projects that have high capital requirements, complex risks and an inability to raise adequate farms from conventional sources (Beidleman et al, 1990).
The Med Tunnel is a project that is huge and complex in nature. The idea behind the tunnel is that will link the borders
of Greece and Italy, using a tunnel beneath the Mediterranean Sea to shuttle goods and passengers back and forth. There are huge risks and uncertainties to such a project,
particularly in regards to financing. First of all, there is no guarantee that fixed costs during the construction phase will stay fixed. Second, funding through traditional means will
be difficult because the project is so huge and fraught with such uncertainty. Third, in constructing this project, two different governments with different fiscal policies will be involved.
And finally, there is the question of pricing the services -- as we will stress throughout this paper, the transportation must be priced high enough to offset incurred and anticipated
costs while being low enough to attract passengers. To better understand the risks and uncertainties surrounding such a project as Med Tunnel,
we will rely heavily on literature about risks and uncertainties that plagued the construction and operating of the Eurotunnel. We will then provide a discussion and about the Monte
Carlo simulation, and how it would pertain to construction projects such as the Med Tunnel. Med Tunnel Background The Med Tunnel project,
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