| BOT is short for "construction-operation-transfer",it is an effective way of financing proven in the field of infrastructure construction.The essence of the BOT mode is a hybrid equity and debt financing mode,Its franchise agreements as the core,the stakeholders including the sponsors,investors,operators,the designer of the projects,financing and construction contractors.BOT model into China's time is not long,but is widely and comprehensive application in the field of infrastructure construction in China,has a very good social and economic benefits.Paper in view of the BOT mode of environmental protection industry franchise these problems are analyzed in detail.First,this paper introduces the features of BOT financing mode and financing dilemma facing at present,China's environmental protection industry,Points out that the BOT franchise mode is the construction of the urban environmental infrastructure in China theoretically and practically effective ways.Combine franchise assessment and environmental protection industry,based on this,advances the value assessment of the BOT mode of franchise problem".Secondly,according to the characteristics of the environmental protection industry is pointed out that the franchise of the BOT mode of environmental protection industry to the particularity of the asset appraisal system.On the choice of evaluation methods and evaluation model,starting with the general value of intangible assets,the characteristic of generality to individuality,combining various factors that affects the franchise value of BOT mode and characteristics of the environmental protection industry,the application of income present value method adjustment model is established.Finally,through specific BOT project,analysis of bharat model inner options features,introduces real option value assessment of the franchise,not only overcome the disadvantages of traditional methods in many aspects,also the application of real options field. |
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