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Risk Management in the Malaysian Build Operate Transfer Projects

Author

Listed:
  • Dr Usman Ahmad

    (DHA Suffa University, Karachi, Pakistan)

  • Dr Kashif Akram

    (Department of Management and HRM, IBMAS, The Islamia University of Bahawalpur, Bahawalpur)

  • Erum Fatima

    (DHA Suffa University, Karachi, Pakistan)

  • Muhammad Hussain

    (DHA Suffa University, Karachi, Pakistan)

Abstract

In Malaysia, Public Private Partnership (PPP) is one of the tools to develop infrastructure. Although, there are various forms of PPP projects but Build Operate and Transfer (BOT) is commonly used in infrastructural projects. Despite, the benefits of adopting PPP, there are a few issues that require focus of the practitioners and researchers such as; risk management in PPP projects. Therefore, this study describes the process of risk management in Malaysian BOT Projects as this PPP arrangement is applied in infrastructure development. The study has employed the exploratory sequential research method to achieve the objective. The results of the study concludes that most of the extreme risks are allocated to SPV thus selection of SPV is crucial for BOT projects.

Suggested Citation

  • Dr Usman Ahmad & Dr Kashif Akram & Erum Fatima & Muhammad Hussain, 2021. "Risk Management in the Malaysian Build Operate Transfer Projects," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 3(3), pages 368-375, December.
  • Handle: RePEc:ani:irdjoe:v:3:y:2021:i:3:p:368-375
    DOI: 10.52131/joe.2021.0303.0051
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    References listed on IDEAS

    as
    1. Usman Ahmad & Yusnidah Ibrahim & Mohd Sobri Minai, 2018. "Malaysian public–private partnerships: Risk management in build, lease, maintain and transfer projects," Cogent Business & Management, Taylor & Francis Journals, vol. 5(1), pages 1550147-155, January.
    2. Darrin Grimsey & Mervyn K. Lewis, 2004. "Public Private Partnerships," Books, Edward Elgar Publishing, number 2438.
    3. Usman Ahmad & Yusnidah Ibrahim & Mohd Sobri Minai, 2017. "Public Private Partnership in Malaysia: The Differences in Perceptions on the Criticality of Risk Factors and Allocation of Risks between the Private and Public Sectors," International Review of Management and Marketing, Econjournals, vol. 7(2), pages 138-150.
    4. Durdyev, Serdar & Ismail, Syuhaida, 2017. "The build-operate-transfer model as an infrastructure privatisation strategy for Turkmenistan," Utilities Policy, Elsevier, vol. 48(C), pages 195-200.
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