The project finance scenario has changed significantly around the world after the 2008 financial crisis and following the subsequent Basel III recommendations. Project finance loans from commercial banks and financial institutions have largely dried up, leaving it mostly to the export credit agencies and the bilateral and multilateral development banks to provide the institutional credit. Unfortunately, those sources are not enough, given the huge needs for construction of new infrastructure and renovation of the old ones across Asia, Africa and Latin America. The need for capital markets, through market listed financial products across asset class, unlocking a large part of domestic and corporate savings, has never been felt as strongly before. This article seeks to analyze the development story of various Asian capital markets and examine financial products, which have succeeded in their short history in receiving investor interest. The article also delves into the challenges to market development, policy imperatives and the issues relating to market liquidity and credit rating, which are the most significant influencers for public market float and investor interest.
It has become commonplace to describe publicly provided infrastructure as being in a sorry state and to advance public-private partnership as a possible remedy. This essay adopts a skeptical but not a cynical posture toward those claims. The paper starts by reviewing the comparative properties of markets and politics within a theory of budgeting where the options are construction and maintenance. This analytical point of departure explains how incongruities between political and market action can favor construction over maintenance. In short, political entities can engage in an implicit form of public debt by reducing maintenance spending to support other budgetary items. This implicit form of public debt does not manifest in higher interest rates but rather manifests in crumbling bridges and other infrastructure due to the transfer of maintenance into other budgetary activities.
Embassies are important buildings, involving the diplomatic image of a country’s government in another foreign country. Given the rising tensions between countries, either political, economic, religion or war, attacks on embassies have been increasing in recent years. Thus, it is evident that appropriate measures are to be taken to reduce the potential impact of an attack. The paper discusses the measures in enhancing building security of embassies. The principles for Security Planning and Design are discussed, followed by an introduction to a systematic security risk assessment framework. The framework is evaluated regarding the potential security risk posed by an attack against elements of the mega infrastructure using explosives. Further options to increase the security of embassies are also explored to reduce the risk of a potential attack. A security-enhanced building, planned and constructed well to specifications, can provide benefits to the client, including greater cost advantage and increase of value for the structure.
The management of Mediterranean mountains need to know whether or not the flora is adapted to respond to fire and, if so, through what mechanisms. Serpentine outcrops constitute particular ecosystems in the Mediterranean Basin, and plants need to make an additional adaptive effort. The objective of this study is to know the response to fire of the main members of the group of serpentine plants, which habit the Spanish Mediterranean ultramafic mountain, to help in their management. For this purpose, monitoring plots were established on a burned ultramafic outcrop, which was affected by fire in August 2012.They were located in the Mediterranean south of the Iberian Peninsula, Andalusia region. The dominant vegetation of this serpentine ecosystem had been studied previously to fire; it was a shrubland composed of endemic serpentinophytes (small shrubs and perennial herbs) included in Digitali laciniatae-Halimietum atriplicifolii plant association (Cisto-Lavanduletea class) in an opened pine forest. The post-fire response of the plants was studied in the stablished burned plots by field works through permanent 200 x 10 m transect methods, consisting on checking whether they were resprouters, seeders, both of them or if they showed no survival response. Additional information about fire related functional traits is provided for the studied taxa from other studies. Of the total of plants studied (23 taxa), 74% acted as resprouters, 30% as seeders, some of which also had the capacity to resprout (13%), and only 9% of the plants did not show any survival strategy. The presence of a resprouting burl was not high (17%), although serpentine small shrubs such as Bupleurum acutifolium and the generalist Teucrium haenseleri had this kind of organ. The herbaceous taxa Sanguisorba verrucosa, Galium boissieranum and Linum carratracense were seen to be resprouters and seeders. The serpentine obligated Ni-accumulator, Alyssum serpyllifolium subsp. malacitanum, did not show any survival strategy in the face of fire and therefore their populations need monitoring after fires. In the studied ecosystems no species had traits that would protect the aerial part of the plant against fire, although most of the species are capable of post-fire generation by below ground buds. Our results show that the ecosystem studied, composed of taxa with a high degree of endemism and some of them threatened, is predominantly adapted to survival after a fire, although their response capacity may be decreased by environmental factors.
In this study, daily averages of air quality parameters were measured in two stations (S1 and S2) of the organized industrial district in Samsun. The meteorological variables were measured at only one station (S1), such as temperature, relative humidity, wind speed, solar radiation, and ambient pressure in 2007, and the daily promised limit for nitrogen dioxide has been especially exceeded at 206 times for 1st station. However, exceeds of the limit value in 2006 for 1st station was reduced by approximately 3.5 times. The daily nitrogen dioxide concentration did not exceed the daily limit of WHO[1] as for 2nd station. The results obtained showed that under the influence of dominant wind direction, the second station measurement results are higher than that of the first station. To determine all of the possible environmental effects, the measurements should be analyzed from a multi-point perspective.
In the current era, electromagnetic radiation is everywhere. Every day electromagnetic radiation and static electricity caused by a variety of hazards. So, anti-electromagnetic radiation and anti-static awareness gradually enjoys popular support, more attention are gained by people on the anti-electromagnetic radiation and anti-static. This caused radiation protection and anti-static clothing industry’s rise by the day. Radiation protection and anti-static clothing will enter various households to provide a certain amount of protection to the people's health. We discuss two parts in this paper, specifically from the effects of the electromagnetic radiation and electrostatic effects which started on radiation clothing and anti-static clothing. The main contents of this paper are as follows: The first part of the definition of electromagnetic radiation and its brief introduction, while explaining the types of electromagnetic radiation and electromagnetic radiation sources in daily lives, followed by the emphasis of serious harms on electromagnetic radiation on human health It is precisely because of electromagnetic radiation on people's lives have serious threat, that makes the development of radiation protection. This follows the basic introduction of the radiation suit and the development of radiation protection clothings. The development of radiation protection suits is an established industry. Materials made of radiation protection are constantly changing, but their basic working principle has not changed. Followed by the introduction of the basic principles of radiation protection clothings, we theoretically present specific analysis and demonstration. However, the theoretical analysis and practice is often consists a certain gap, so we highlight a few actual situations on the impact of radiation protection clothings. Finally, we present a simple discussion on wide range of applications of radiation protection clothings. The thought process of second part is similar as the first part, respectively, we introduce the health hazards and the impact on people's lives of electrostatic effect and static electricity . Followed by that it is the basic principles, relevant analysis and discussion of anti-static clothing Finally, we provide the detailed explanation of the application of anti-static clothing.
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