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Article: The Economic Implication of Project Finance Arrangements for BOO/BOT Power Projects in Asia

TitleThe Economic Implication of Project Finance Arrangements for BOO/BOT Power Projects in Asia
Authors
KeywordsBOO/BOT power projects
Developing countries
Economic implication
Project finance
Asia
Issue Date2002
PublisherWorld Scientific Publishing Co Pte Ltd. The Journal's web site is located at http://www.worldscinet.com/journals/jcr/jcr.shtml
Citation
Journal of Construction Research, 2002, v. 3 n. 2, p. 285-309 How to Cite?
AbstractFinancial constraints over the traditional sources of funds, coupled with increasing demand for infrastructure have forced the governments of developing countries to seek Private Participation in Infrastructure (PPI) development. As such Project Finance (PF) modalities such as BOO/BOT and its variants are found to be the most commonly adopted ones for private Power Projects (PPs). However, a critical look into the economic impact of alternative financing mechanisms for infrastructure is still required, although much has been written on the evaluation of PPI. This paper examines broader economic implications originating from five basic channels associated with PF transactions in private PPs. To achieve this objective, an analytical framework with theoretical foundation is developed to review empirically evidence of BOO/BOT type PPs. While economic cost factors reflect characteristics of PF and have bearing on the direct parties to the transaction, economic benefits of PF for PPs seem largely attributable to the host country. Findings further reveal that domestic financing, institutional support and proper balancing of the implications of PF mechanisms could mitigate the negative impact on the price of private power on many consumers. Limitations in achieving sustainable private power generation are largely attributable to the absence of more effective reforms to facilitate PF transactions in host countries. Read More: http://www.worldscientific.com/doi/abs/10.1142/S160994510200021
Persistent Identifierhttp://hdl.handle.net/10722/81779
ISSN
2009 SCImago Journal Rankings: 0.130

 

DC FieldValueLanguage
dc.contributor.authorDevapriya, KAKen_HK
dc.contributor.authorPretorius, FIHen_HK
dc.date.accessioned2010-09-06T08:21:53Z-
dc.date.available2010-09-06T08:21:53Z-
dc.date.issued2002en_HK
dc.identifier.citationJournal of Construction Research, 2002, v. 3 n. 2, p. 285-309en_HK
dc.identifier.issn1609-9451en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81779-
dc.description.abstractFinancial constraints over the traditional sources of funds, coupled with increasing demand for infrastructure have forced the governments of developing countries to seek Private Participation in Infrastructure (PPI) development. As such Project Finance (PF) modalities such as BOO/BOT and its variants are found to be the most commonly adopted ones for private Power Projects (PPs). However, a critical look into the economic impact of alternative financing mechanisms for infrastructure is still required, although much has been written on the evaluation of PPI. This paper examines broader economic implications originating from five basic channels associated with PF transactions in private PPs. To achieve this objective, an analytical framework with theoretical foundation is developed to review empirically evidence of BOO/BOT type PPs. While economic cost factors reflect characteristics of PF and have bearing on the direct parties to the transaction, economic benefits of PF for PPs seem largely attributable to the host country. Findings further reveal that domestic financing, institutional support and proper balancing of the implications of PF mechanisms could mitigate the negative impact on the price of private power on many consumers. Limitations in achieving sustainable private power generation are largely attributable to the absence of more effective reforms to facilitate PF transactions in host countries. Read More: http://www.worldscientific.com/doi/abs/10.1142/S160994510200021-
dc.languageengen_HK
dc.publisherWorld Scientific Publishing Co Pte Ltd. The Journal's web site is located at http://www.worldscinet.com/journals/jcr/jcr.shtmlen_HK
dc.relation.ispartofJournal of Construction Researchen_HK
dc.rightsJournal of Construction Research. Copyright © World Scientific Publishing Co Pte Ltd.-
dc.subjectBOO/BOT power projects-
dc.subjectDeveloping countries-
dc.subjectEconomic implication-
dc.subjectProject finance-
dc.subjectAsia-
dc.titleThe Economic Implication of Project Finance Arrangements for BOO/BOT Power Projects in Asiaen_HK
dc.typeArticleen_HK
dc.identifier.emailPretorius, FIH: fredpre@hkucc.hku.hken_HK
dc.identifier.authorityPretorius, FIH=rp01018en_HK
dc.identifier.doi10.1142/S1609945102000217-
dc.identifier.hkuros73488en_HK
dc.identifier.volume3-
dc.identifier.issue2-
dc.identifier.spage285-
dc.identifier.epage309-
dc.publisher.placeSingapore-

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