Title :
The guaranty-of-liabilities model for ´PFI´ projects
Author :
Kobayashi, Kiyoshi ; Otazawa, Toshimori
Author_Institution :
Dept. of Civil Eng., Kyoto Univ., Japan
Abstract :
The paper investigates the roles of public assistance for PFI (Private Finance Initiative) projects. In order to realize PFI projects, it is sometimes necessary for the public sectors to induce the private sectors to participate in the projects by giving financial assistance The guaranties-of-liabilities are the basic means for public sectors to share part of the financial risks with project companies. A guaranty-of-liabilities model is presented to investigate the efficient risk sharing schemes between the private and public sectors
Keywords :
economic cybernetics; facility location; modelling; project engineering; risk management; PFI projects; Private Finance Initiative projects; financial assistance; financial option model; financial risks; guaranties-of-liabilities; guaranty-of-liabilities model; private sectors; project companies; public assistance; public sectors; risk sharing schemes; Civil engineering; Companies; Contracts; Cost accounting; Design methodology; Pricing; Procurement; Public finance;
Conference_Titel :
Systems, Man, and Cybernetics, 2001 IEEE International Conference on
Conference_Location :
Tucson, AZ
Print_ISBN :
0-7803-7087-2
DOI :
10.1109/ICSMC.2001.973560
