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A decision support framework for project sponsors in the planning stage of build-operate-transfer (BOT) projects

Author

Listed:
  • Irem Dikmen Ozdoganm
  • M. Talat Birgonul

Abstract

Every decision-making problem is oriented towards the selection of the correct strategies for achieving objectives, and depends on the assumptions associated with different scenarios. Project planning in a buildoperate-transfer (BOT) project is a complicated decision-making problem because the model has a complex financial and organizational structure which is influenced also by the socio-economic environment in a country. A decision support framework is reported, as used in the planning stage of a hydropower plant project in Turkey, which helped the project company to check project viability against some predefined critical success factors, define the risk sharing scenarios under which a project becomes viable, incorporate risks into cash flow analysis and, finally, define effective risk mitigation strategies. Key challenges in the realization of BOT projects, particularly in developing countries, are discussed together with possible risk sharing principles between the private and public sector participants.

Suggested Citation

  • Irem Dikmen Ozdoganm & M. Talat Birgonul, 2000. "A decision support framework for project sponsors in the planning stage of build-operate-transfer (BOT) projects," Construction Management and Economics, Taylor & Francis Journals, vol. 18(3), pages 343-353.
    • Handle: RePEc:taf:conmgt:v:18:y:2000:i:3:p:343-353
    DOI: 10.1080/014461900370708
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    Citations

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    Cited by:

    1. Abraham Park & Chen Yu Chang, 2013. "Impacts of Construction Events on the Project Equity Value of the Channel Tunnel Project," ERES eres2013_97, European Real Estate Society (ERES).
    2. Mai, Nhat Chi, 2016. "ヴェトナムのインフラ事業におけるppp スキームの発展過程," OSF Preprints 4qy9p, Center for Open Science.
    3. Sy, Do Tien & Likhitruangsilp, Veerasak & Onishi, Masamitsu & Nguyen, Phong Thanh, 2016. "Impacts of risk factors on the performance of public-private partnership transportation projects in vietnam," MPRA Paper 96583, University Library of Munich, Germany.
    4. Mai, Nhat Chi, 2016. "A Development Process of PPP Scheme for Infrastructure Projects in Vietnam," OSF Preprints g3e4u, Center for Open Science.
    5. Toriqul Bashar & Ivan W. H. Fung & Lara Celine Jaillon & Di Wang, 2021. "Major Obstacles to Public-Private Partnership (PPP)-Financed Infrastructure Development in China," Sustainability, MDPI, vol. 13(12), pages 1-14, June.
    6. Yanchun Zhang & Jianglin Gu & Ming Shan & Yazhi Xiao & Amos Darko, 2018. "Investigating Private Sectors’ Behavioral Intention to Participate in PPP Projects: An Empirical Examination Based on the Theory of Planned Behavior," Sustainability, MDPI, vol. 10(8), pages 1-25, August.
    7. Zhao, Zhen-Yu & Zuo, Jian & Zillante, George, 2013. "Factors influencing the success of BOT power plant projects in China: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 446-453.
    8. Sy, Do Tien & Likhitruangsilp, Veerasak & Onishi, Masamitsu & Nguyen, Phong Thanh, 2016. "Different Perceptions of Concern Factors for Strategic Investment of The Private Sector in Public-Private Partnership Transportation Projects," MPRA Paper 96581, University Library of Munich, Germany.
    9. Thanh Nguyen, Phong & Likhitruangsilp, Veerasak & Onishi, Masamitsu, 2017. "Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam," MPRA Paper 103508, University Library of Munich, Germany, revised 19 Feb 2019.
    10. Hadi Sarvari & Alireza Valipour & Nordin Yahya & Norhazilan MD Noor & Michael Beer & Nerija Banaitiene, 2019. "Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview," Administrative Sciences, MDPI, vol. 9(1), pages 1-18, February.

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