The Risk Sharing Contract for BOT Projects

Author

Yu, Zu-Wei

Author_Institution

Economic & Manage. Sch., Wuhan Univ., Wuhan, China

fYear

2009

fDate

20-22 Sept. 2009

Firstpage

1

Lastpage

4

Abstract

This paper mainly discusses the optimal risk-sharing contract for BOT projects. For the private company, because of the uncertainties, coming from supply and demand, they cannot evaluate or is unwilling to bear the huge risks. So the society will be confronted with a long term shortage of infrastructures. Through applying the guaranteed lowest income for companies and competitive bidding, government can stimulate company to take part in the construction of infrastructures. On this foundation it also carries on the design to the government administrative behavior in the other public projects.

Keywords

contracts; government policies; investment; public finance; risk analysis; BOT projects; build-operate-transfer; competitive bidding; demand; government administrative behavior; infrastructures; private company; risk error; risk-sharing contract; sharing contract; supply; Bridges; Contracts; Costs; Government; Investments; Power generation economics; Project management; Risk management; Road transportation; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science, 2009. MASS '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4638-4

Electronic_ISBN

978-1-4244-4639-1

Type

conf

DOI

10.1109/ICMSS.2009.5302626

Filename

5302626