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Study On BOT Financial Pattern Of Highway Construction

Posted on:2005-07-27Degree:MasterType:Thesis
Country:ChinaCandidate:Z Q LiuFull Text:PDF
GTID:2156360125956018Subject:Structural engineering
Abstract/Summary:PDF Full Text Request
Highway has played a more and more important role in national economical development of China. But highway construction cost enormous funds. Particularly, funds for current infrastructure in China are out of demand while BOT financial pattern used in highway construction has provide a new approach for funds solution. Although it is more and more widely used in recent foreign infrastructure, it remains a somewhat new financial pattern for China. Due to legal drawbacks, disorder in operation and not very ideal investment environment, much difficulty and obstacles are shown in BOT practice. Then many scholars focus their subjects on how to put BOT financial pattern into good use for infrastructure construction, especially for highway construction.First, this paper introduced with the fundamental structure, basic operation program and key successful factors of BOT financial pattern. Then, problems existing in the application of BOT financial pattern in current highway construction are analyzed from the view of concerning policy and law to propose certain assumption of how to put BOT financial pattern into excellent use for highway construction. Afterwards, benefit and cost analysis of highway BOT project are made from multilateral views of the client, the government and the investor, pointing out some heeding problems during economical appraisal of BOT project and introducing basic methods for benefit and cost appraisal. Finally, discussion is made on possible risk occurrence during BOT project, how to manage and how to evade above problems.
Keywords/Search Tags:BOT financial pattern, highway, economical appraisal, risk analysis
PDF Full Text Request
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