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A Review of Build-Operate-Transfer for Infrastructure Development : Some Lessons for Policy Reform

Author

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  • Gilberto M. Llanto

    (PIDS)

Abstract

The Philippines has used the BOT law, as amended to motivate private sector provision of infrastructure. Using examples from selected BOT projects in the country, the paper pointed out key issues constraining the successful implementation of the BOT approach to infrastructure provision. It also indicated several factors that were instrumental in forging an effective publicprivate partnership in BOT projects. The paper pointed out the need to address various issues, starting from the legal framework to the level of responsibilities of the government institutions that are involved in the project cycle, i.e., from project entry level to implementation and completion. Improvements should be introduced at the policy, legal and institutional frameworks in order to improve the usefulness of this approach to infrastructure development.

Suggested Citation

  • Gilberto M. Llanto, 2008. "A Review of Build-Operate-Transfer for Infrastructure Development : Some Lessons for Policy Reform," Development Economics Working Papers 22655, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:develo:22655
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    File URL: http://www.eaber.org/node/22655
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    References listed on IDEAS

    as
    1. Peter Pedroni & David Canning, 2004. "The Effect of Infrastructure on Long Run Economic Growth," Department of Economics Working Papers 2004-04, Department of Economics, Williams College.
    2. Balisacan, Arsenio M. & Hill, Hal (ed.), 2003. "The Philippine Economy: Development, Policies, and Challenges," OUP Catalogue, Oxford University Press, number 9780195158984.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. 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.
    2. Llanto, Gilberto M., 2012. "The Impact of Infrastructure on Agricultural Productivity," Discussion Papers DP 2012-12, Philippine Institute for Development Studies.

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    More about this item

    Keywords

    Build-operate-transfer; public-private partnership in infrastructure; contracts; risk-sharing; subsidy; guarantees; arbitration; Dispute Settlement;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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