{"title":"Key Issues in Transfer Stage of BOT Project: Experience from China","authors":"Wang Liguang, Zhang Xueqing","volume":130,"journal":"International Journal of Civil and Environmental Engineering","pagesStart":1364,"pagesEnd":1374,"ISSN":"1307-6892","URL":"https:\/\/publications.waset.org\/pdf\/10007989","abstract":"
The build-operate-transfer (BOT) project delivery system has provided effective routes to mobilize private sector funds, innovative technologies, management skills and operational efficiencies for public infrastructure development and have been widely used in China during the last 20 years. Many BOT projects in China will be smoothly transferred to the government soon and the transfer stage, which is considered as the last stage, must be studied carefully and handled well to achieve the overall success of BOT projects. There will be many issues faced by both the public sector and private sector in the transfer stage of BOT projects, including project post-assessment, technology and documents transfer, personal training and staff transition, etc. and sometimes additional legislation is needed for future operation and management of facilities. However, most previous studies focused on the bidding, financing, and building and operation stages instead of transfer stage. This research identifies nine key issues in the transfer stage of BOT projects through a comprehensive study on three cases in China, and the expert interview and expert discussion meetings are held to validate the key issues and give detail analysis. A proposed framework of transfer management is prepared based on the experiences derived and lessons drawn from the case studies and expert interview and discussions, which is expected to improve the transfer management of BOT projects in practice.<\/p>\r\n","references":"[1]\tCastro, D. De, Cruz, C. O., Rodrigues, F., and Silva, P. (2016). \u201cBibliometric Analysis of PPP and PFI Literature: Overview of 25 Years of Research.\u201d 142(2004), 1\u20138.\r\n[2]\tKumaraswamy, M. M., and Zhang, X. Q. (2001). \u201cGovernmental role in BOT-led infrastructure development.\u201d International Journal of Project Management, 19(4), 195\u2013205.\r\n[3]\tTiong, R. L. K. (1990). \u201cBOT projects: Risks and securities.\u201d Construction Management and Economics, 8(3), 315\u2013328.\r\n[4]\tZhang, X. Q., and Kumaraswamy, M. M. (2001). \u201cHong Kong Experience in Managing BOT Projects.\u201d Journal of Construction Engineering and Management, March\/Apri(April), 154\u2013162.\r\n[5]\tLi, G. (2011). \u201cRisk Analysis for Transfer Stage of BOT Projects.\u201d Co-operative Economy & Science, 12, 60\u201361.\r\n[6]\tYuan, J., Chan, A. P. C., Xiong, W., Skibniewski, M. J., and Li, Q. (2009). \u201cPerception of Residual Value Risk in Public Private Partnership Projects: Critical Review.\u201d Journal of Management in Engineering, 31(Hall 1998), 1\u201315.\r\n[7]\tZhang, J. S., Peng, J. A., and Wang, Q. (2003). \u201cIssues and Preventive Measures in Transfer Stage of BOT Projects in China.\u201d China Opening Herald, 7, 44\u201345.\r\n[8]\tChen, C., and Doloi, H. (2008). \u201cBOT application in China: Driving and impeding factors.\u201d International Journal of Project Management, 26(4), 388\u2013398.\r\n[9]\tQiao, L., Wang, S., Tiong, R. L. K., and Chan, T.-S. (2002). \u201cCritical success factors for tendering BOT infrastructure projects in China.\u201d Journal of Structured and Project Finance.\r\n[10]\tSchaufelberger, J. E., and Wipadapisut, I. (2003). \u201cAlternate Financing Strategies for Build-Operate-Transfer Projects.\u201d Journal of Construction Engineering and Management, 129(2), 205\u2013213.\r\n[11]\tWang, S. Q., Tiong, R. L. K., Ting, S. K., Chew, D., and Ashley, D. (1998). \u201cEvaluation and competitive tendering of BOT power plant project in China.\u201d Journal of Construction Engineering and Management-Asce, 124(4), 333\u2013341.","publisher":"World Academy of Science, Engineering and Technology","index":"Open Science Index 130, 2017"}