Chang, L M and Chen, P H (2001) BOT financial model: Taiwan high speed rail case. Journal of Construction Engineering and Management, 127(3), pp. 214-222. ISSN 0733-9364
Abstract
Owing to the high cost of large construction projects in recent years, build-operate-transfer (BOT) contracts are getting popular in the global construction market, especially in infrastructure construction. With BOT, the government is able to put projects on track without concerning itself too much about raising funds. On the other hand, due to the fact that the concessionaire who is awarded the project is responsible for the operation of the end facility for a certain period of time, reliable quality of the facility and effective operation could be expected. This paper introduces the financial model used by the Bureau of Taiwan High Speed Rail for its BOT projects. The parameters and variables of the model are presented. Its basic assumptions, input data, cost requirement, self-financing ability analysis, financial statements, and indices are discussed. The scenario analysis is used to highlight the application of the model.
| Item Type: | Article |
|---|---|
| Index terms: | build-operate-transfer, scenario analysis, infrastructure construction, large construction project, financing, concessionaire, global construction, Taiwan, high speed rail |
| Subjects: | economic analysis, civil engineering, contractual arrangements, organizational theory, strategic management, infrastructure and transport systems, policy studies, contract type, Geography |
| Topics: | Engineering Principles, International Construction, Project Management, Procurement, Governance, Geographical Context, Business Strategy |
| Descriptive scope: | 3 PCA |
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