Shen, L; Lee, R K H and Zhang, Z (1996) Application of BOT system for infrastructure projects in China. Journal of Construction Engineering and Management, 122(4), pp. 319-323. ISSN 0733-9364
Abstract
The Build-Operate-Transfer (BOT) concept has now become an accepted means of securing private-sector involvement in infrastructure projects. The popularity of BOT mechanisms is growing in the developing countries, which offers increasing investment, construction, procurement, and other business opportunities for the investors from developed countries. This paper identifies the major areas where BOT systems are applied in China. Market potential for absorbing foreign investment involved in a BOT system has been evaluated. In particular, the market prospects for power, transportation, and water resource projects are investigated. The study also identifies the enjoyable benefits, other favorable conditions, and key factors affecting the application of BOT in the Chinese infrastructure projects. The government policies on taxation, foreign exchange, and favorable conditions to attract foreign investment to this application are examined. The applicable investment patterns and the procedures of adopting BOT have been investigated, and are presented to assist foreign investors planning to develop infrastructure projects in China.
| Item Type: | Article |
|---|---|
| Index terms: | developing country, developed country, China, investor, water resource, government policy, foreign investment, build-operate-transfer, infrastructure project, taxation |
| Subjects: | public policy, economic analysis, contractual arrangements, sociology, environmental engineering, infrastructure and transport systems, development economics, Geography, policy economics |
| Topics: | International Construction, Procurement, Sustainability, Governance, Regulations & Compliance, Stakeholder Management, Geographical Context, Engineering Principles |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here