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Article: Hong Kong experience in managing BOT projects

TitleHong Kong experience in managing BOT projects
Authors
Issue Date2001
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html
Citation
Journal Of Construction Engineering And Management, 2001, v. 127 n. 2, p. 154-162 How to Cite?
AbstractBOT (build-operate-transfer) project delivery systems have provided effective routes to mobilize private sector funds, innovative technologies, management skills, and operational efficiencies for public infrastructure development. However, many countries and regions lack BOT expertise and experience. Hong Kong, one of the pioneers in optimizing private sector participation in infrastructure development, has developed five large tunnels on the BOT basis since the late 1960s, the first of which recently completed its franchise period and entered into the posttransfer operation phase. Experience and lessons gained in formulating and managing BOT projects over more than 30 years have enabled the Hong Kong government to develop a well-structured BOT framework. This proven BOT model is useful for countries and regions lacking such expertise and still in need of BOT-based infrastructure. This paper discusses key development aspects of the five BOT tunnels, including feasibility study; tender selection; legal, financial, and land issues; design and construction; operation and maintenance; transfer; and posttransfer management.
Persistent Identifierhttp://hdl.handle.net/10722/150179
ISSN
2015 Impact Factor: 1.152
2015 SCImago Journal Rankings: 1.219
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, XQen_US
dc.contributor.authorKumaraswamy, MMen_US
dc.date.accessioned2012-06-26T06:02:03Z-
dc.date.available2012-06-26T06:02:03Z-
dc.date.issued2001en_US
dc.identifier.citationJournal Of Construction Engineering And Management, 2001, v. 127 n. 2, p. 154-162en_US
dc.identifier.issn0733-9364en_US
dc.identifier.urihttp://hdl.handle.net/10722/150179-
dc.description.abstractBOT (build-operate-transfer) project delivery systems have provided effective routes to mobilize private sector funds, innovative technologies, management skills, and operational efficiencies for public infrastructure development. However, many countries and regions lack BOT expertise and experience. Hong Kong, one of the pioneers in optimizing private sector participation in infrastructure development, has developed five large tunnels on the BOT basis since the late 1960s, the first of which recently completed its franchise period and entered into the posttransfer operation phase. Experience and lessons gained in formulating and managing BOT projects over more than 30 years have enabled the Hong Kong government to develop a well-structured BOT framework. This proven BOT model is useful for countries and regions lacking such expertise and still in need of BOT-based infrastructure. This paper discusses key development aspects of the five BOT tunnels, including feasibility study; tender selection; legal, financial, and land issues; design and construction; operation and maintenance; transfer; and posttransfer management.en_US
dc.languageengen_US
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.htmlen_US
dc.relation.ispartofJournal of Construction Engineering and Managementen_US
dc.rightsJournal of Construction Engineering and Management. Copyright © American Society of Civil Engineers.-
dc.titleHong Kong experience in managing BOT projectsen_US
dc.typeArticleen_US
dc.identifier.emailKumaraswamy, MM:mohan@hkucc.hku.hken_US
dc.identifier.authorityKumaraswamy, MM=rp00126en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1061/(ASCE)0733-9364(2001)127:2(154)en_US
dc.identifier.scopuseid_2-s2.0-0035279781en_US
dc.identifier.hkuros62481-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035279781&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume127en_US
dc.identifier.issue2en_US
dc.identifier.spage154en_US
dc.identifier.epage162en_US
dc.identifier.isiWOS:000167676600009-
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridZhang, XQ=16647701900en_US
dc.identifier.scopusauthoridKumaraswamy, MM=35566270600en_US

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