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Risks and Mitigation Measures in Build- Operate-Transfer Projects

Syed Ahmad Bokharey, Syed Kamarul Bakri and Vallyutham, Kalaikumar and Sambu Potty, Narayanan and Abu Bakar, Nabilah (2010) Risks and Mitigation Measures in Build- Operate-Transfer Projects. In: World Academy of Science, Engineering and Technology 63.

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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. Since the last two decades, many infrastructure projects had been completed through build-operate-transfer (BOT) type of procurement. The developments of BOT have attracted participation of local and foreign private sector investor to secure funding and to deliver projects on time, within the budget and to the required specifications. Private sectors are preferred by the government in East Asia to participate in BOT projects due to lack of public funding. The finding has resulted that the private sector or promoter of the BOT projects is exposed to multiple risks which have been discussed in this paper. Effective risk management methods and good managerial skills are 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:Conference or Workshop Item (Paper)
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:2056
Deposited By: DR NARAYANAN SAMBU POTTY
Deposited On:16 Feb 2014 23:41
Last Modified:19 Jan 2017 08:24

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