IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2008-25.html
   My bibliography  Save this paper

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

Author

Listed:
  • Llanto, Gilberto M.

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 points out key issues constraining the successful implementation of the BOT approach to infrastructure provision. It also indicates several factors that were instrumental in forging an effective public-private partnership in BOT projects. The paper points 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

  • Llanto, Gilberto M., 2008. "A Review of Build-Operate-Transfer for Infrastructure Development: Some Lessons for Policy Reform," Discussion Papers DP 2008-25, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2008-25
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/a-review-of-build-operate-transfer-for-infrastructure-development-some-lessons-for-policy-reform
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hart, Oliver D & Moore, John, 1988. "Incomplete Contracts and Renegotiation," Econometrica, Econometric Society, vol. 56(4), pages 755-785, July.
    2. Balisacan, Arsenio M. & Hill, Hal (ed.), 2003. "The Philippine Economy: Development, Policies, and Challenges," OUP Catalogue, Oxford University Press, number 9780195158984.
    3. Augenblick, Mark & Custer, B. Scott, 1990. "The build, operate, and transfer ("BOT") approach to infrastructure projects in developing countries," Policy Research Working Paper Series 498, The World Bank.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

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

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Raffaello Bronzini & Paolo Piselli, 2006. "Determinants of long-run regional productivity: the role of R&D, human capital and public infrastructure," Temi di discussione (Economic working papers) 597, Bank of Italy, Economic Research and International Relations Area.
    3. Lerner, Josh & Shane, Hilary & Tsai, Alexander, 2003. "Do equity financing cycles matter? evidence from biotechnology alliances," Journal of Financial Economics, Elsevier, vol. 67(3), pages 411-446, March.
    4. Felipe Zurita, 2005. "Beyond Earthquakes: The New Directions of Expected Utility Theory," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(126), pages 209-255.
    5. Surajeet Chakravarty & W. Bentley MacLeod, 2006. "Construction Contracts (or “How to Get the Right Building at the Right Price?”)," CESifo Working Paper Series 1714, CESifo.
    6. Matthew Ellman, 2006. "Specificity Revisited: The Role of Cross-Investments," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 22(1), pages 234-257, April.
    7. Nicolai J. Foss, 1996. "Firms, Incomplete Contracts and Organizational Learning," DRUID Working Papers 96-2, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    8. Caballero, Ricardo J., 1999. "Aggregate investment," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 12, pages 813-862, Elsevier.
    9. Giacomo Calzolari & Leonardo Felli & Johannes Koenen & Giancarlo Spagnolo & Konrad O. Stahl, 2021. "Relational Contracts and Trust in a High-Tech Industry," CRC TR 224 Discussion Paper Series crctr224_2021_316, University of Bonn and University of Mannheim, Germany.
    10. Urrunaga, Roberto & Aparicio, Carlos, 2012. "Infrastructure and economic growth in Peru," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    11. Donato Masciandaro, 2001. "In Offense of Usury Laws: Microfoundations of Illegal Credit Contracts," European Journal of Law and Economics, Springer, vol. 12(3), pages 193-215, November.
    12. BADALYAN, Gohar & HERZFELD, Thomas & RAJCANIOVA, Miroslava, 2014. "Transport Infrastructure And Economic Growth: Panel Data Approach For Armenia, Georgia And Turkey," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-10, October.
    13. Bester, Helmut, 2013. "Investments and the holdup problem in a matching market," Journal of Mathematical Economics, Elsevier, vol. 49(4), pages 302-311.
    14. B. Boockmann & Paul Thurner, 2006. "Flexibility provisions in multilateral environmental treaties," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(2), pages 113-135, June.
    15. Gilliland, David I. & Rudd, John M., 2013. "Control of electronic channel affiliates: An exploratory study and research propositions," Journal of Business Research, Elsevier, vol. 66(12), pages 2650-2656.
    16. Müller, Daniel & Schmitz, Patrick W., 2016. "Vertragstheorie: Zum Nobelpreis 2016 für Oliver Hart und Bengt Holmström [Contract Theory: On the Contributions of the 2016 Nobel Laureates Oliver Hart and Bengt Holmström]," MPRA Paper 75233, University Library of Munich, Germany.
    17. Wu, Steven Y. & Roe, Brian E., 2005. "Social Preferences and Relational Contracting: An Experimental Investigation," 2005 Annual meeting, July 24-27, Providence, RI 19215, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Caballero, Ricardo J. & Hammour, Mohamad L., 1996. "On the ills of adjustment," Journal of Development Economics, Elsevier, vol. 51(1), pages 161-192, October.
    19. Okabe, Masayoshi, 2016. "Gender-preferential intergenerational patterns in primary educational attainment: An econometric approach to a case in rural Mindanao, the Philippines," International Journal of Educational Development, Elsevier, vol. 46(C), pages 125-142.
    20. Göller, Daniel, 2015. "Contract, Renegotiation, and Holdup: When Should Messages be Sent?," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113166, Verein für Socialpolitik / German Economic Association.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2008-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.