Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/14854
Title: Alternative concession model for build operate transfer contract projects
Authors: Shen, LY
Li, H 
Li, QM
Keywords: Build/operate/transfer
Contracts
Infrastructure
Models
Project management
Issue Date: 2002
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2002, v. 128, no. 4, p. 326-330 How to cite?
Journal: Journal of construction engineering and management 
Abstract: This paper develops an alternative concession model for build operate transfer (BOT) infrastructure projects. The concession period is a measure for deciding when the project ownership will be transferred from the investor back to the government concerned; it also demarcates the benefits, authorities, and responsibilities between the government and private investors. Previous studies have developed various techniques and methods, mainly suggesting proper organization structure, contracting procedures, methods of project financing, and risk allocation strategies when BOT-contract projects are implemented. These works have provided effective methodologies for the development of BOT contracts. Nevertheless, it appears that little has been undertaken in studying the way to determine the concession period in a BOT contract. This paper critically reviews the principles of establishing the concession period in a BOT contract. Such a review leads to developing a quantitative model for determining a proper concession period that can protect the interests of both the government concerned and private investors. An example is given that indicates how the alternative model can be applied to determine the concession periods of BOT infrastructure projects.
URI: http://hdl.handle.net/10397/14854
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)0733-9364(2002)128:4(326)
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