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A Review of Risks and Mitigation Measures in Build-Operate-Transfer Projects

VALLYUTHAM, Kalaikumar and Syed Ahmad Bokharey, Syed Kamarul Bakri and Sambu Potty, Narayanan and Abu Bakar, Nabilah (2010) A Review of Risks and Mitigation Measures in Build-Operate-Transfer Projects. [Non-Citation Index Journal]

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Abstract

Infrastructure investments are important in developing countries, it will not only help to foster the economic growth of a nation but it will also act as a platform in which new forms of partnership and collaboration can be developed mainly in East Asian countries. In the past two decades, many infrastructure projects have been completed through the build-operate-transfer (BOT) type of procurement. The development of BOT have attracted participation from local and foreign private sector investors, to secure funding and to deliver projects on time, within the budget and to the required specifications. The private sector was preferred by the governments in East Asia to participate in BOT projects due to lack of public funding which had caused the private sector or promoter of the BOT projects to be exposed to multiple risks. These risks are discussed in this paper. Effective risk management methods and good managerial skills were required in ensuring the success of the project. The review indicated that mitigation measures should be employed by the promoter throughout the concession period and support from the host government is also required in ensuring the success of the BOT project.

Item Type:Non-Citation Index Journal
Uncontrolled Keywords:BOT project, risks management, concessionaire, consortium.
Subjects:T Technology > TA Engineering (General). Civil engineering (General)
Academic Subject One:Academic Department - Civil Engineering - Structures, materials and construction
Departments / MOR / COE:Research Institutes > Institute for Sustainable Building
ID Code:11171
Deposited By: DR NARAYANAN SAMBU POTTY
Deposited On:16 Feb 2014 23:41
Last Modified:19 Jan 2017 08:24

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