Study On The Concessionaire Selection Of Highway BOT Project

The BOT model,as a way of operating infrastructure and utility projects,can effectively alleviate the government financial pressure.At present,BOT model has a new mode of operation for the construction of highway projects in China.The construction of public infrastructure costs huge amounts of money and it is easy to form natural monopolies.The public infrastructure of franchising is the combination of natural monopoly and administrative monopoly.The government grants the project company franchise rights to be equivalent to the monopoly given to its products.Therefore,it is very important to choose an appropriate concessionaire.At present,China's selection of highway concessionaire adopts the comprehensive assessment method and the shortest term method.The comprehensive assessment method has the defect that the scientific of the index scores' weight distribution needs to be considered.The shortest term method has the defect that insufficient investigation on the overall strength of the bidding entity.In addition,the research on the selection of highway concessionaire is not much.Based on these aspects,This paper studies the concessionaire selection of highway BOT project.Firstly,this paper briefly introduces the background of the research,summarizes the shortcomings of the two methods of highway concessionaire selection,and defines and elaborates the relevant concepts and theories involved,which lays a theoretical foundation for the next research.And then through the collection of the concessionaire selected literature,some indicators were preliminary selected combined with the characteristics of the concessionaire owners and the government's target inspection needs,then further screening was made according to experts' advice,and ultimately build the Highway BOT project concessionaire selection index system with 26 indicators.The main innovation of this paper is method innovation.By analyzing the advantages of the DEA model,it is found that it has great applicability to the selection of highway concessionaire.However,the application of the method is limited by the quantitative relationship between the indicators and the concessionaires.To overcome this problem,this paper proposes to introduce a virtual optimal decision unit to ensure the feasibility of the model.Another innovation of this paper is to put forward the concept of the government's expectation efficiency,which is used to outline the standard of the concessionaire that the government deems suitable for the construction and operation of highway BOT projects.By introducing a virtual optimal decision-making unit that represents the government's expectation efficiency,a selection model of highway concessionaire is established.Finally,an example is used to demonstrate the feasibility of the model,and the sensitivity of the model is tested to prove the stability of the model results.