Şentürk, H A; Yazici, G and Kaplanoǧlu, S B (2004) Case study: Izmit domestic and industrial water supply build-operate- transfer project. Journal of Construction Engineering and Management, 130(3), pp. 449-454. ISSN 0733-9364
Abstract
The "build, operate, and transfer model" (BOT) is a financing model, which is used in many developing countries to finance new infrastructure projects with private sector participation. The BOT method foresees the financing, designing, building, operating, and managing of the facility by the private sector and then its transfer free of charge, to the owner after a predetermined concession period. For interested parties, the history of BOT laws and projects in Turkey is presented as an Appendix. In this study, the Izmit Domestic and Industrial Water Supply Project, the biggest privately financed water supply project procured under the BOT model in the world at the time and the first in Turkey will be introduced and the problems that arose during the implementation of the project, namely, the scope of the project, equity debt ratio, return on equity, principles of accounting, coordination of State departments, land access, determination of the optimum operation period, and the sale price of the water, will be presented and suggestions will be given on how to deal with these problems.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | build/operate/transfer; case reports; project management; Turkey; water supply |
| Index terms: | water supply, developing country, private sector participation, financing, accounting, history, case study, concession period, Turkey, owner, private sector, coordination, project management, implementation, land, infrastructure project |
| Subjects: | real estate economics, stakeholder participation, economic analysis, architectural and construction history, contractual arrangements, data collection methods, sociology, industry analysis, infrastructure and transport systems, contract structure, management, project management theory and practice, development economics, Geography |
| Topics: | Urban Studies, International Construction, Organizational Design, Business Strategy, Engineering Principles, Research Practice, Geographical Context, Project Management, Stakeholder Management, Procurement |
| Descriptive scope: | 4 PCTE |
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