ARCOM

Abstracts – Browse Results

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Bougrain, F (2012) Energy performance and public private partnership. Built Environment Project and Asset Management, 2(01), 41-55.

Guyer, R C and Laman, J A (2012) Short-line railroad management system for bridge prioritization. Built Environment Project and Asset Management, 2(01), 25-40.

Hoezen, M, Voordijk, H and Dewulf, G (2012) Contracting dynamics in the competitive dialogue procedure. Built Environment Project and Asset Management, 2(01), 6-24.

Loosemore, M and Chandra, V (2012) Learning through briefing: for strategic facilities management in the health sector. Built Environment Project and Asset Management, 2(01), 103-17.

Marco, A D, Mangano, G and Zou, X-Y (2012) Factors influencing the equity share of build-operate-transfer projects. Built Environment Project and Asset Management, 2(01), 70-85.

Type: Journal Article
Keywords: build-operate-transfer; equity capital; infrastructures; project finance; project management; regression analysis; risk management; roads
ISBN/ISSN: 2044-124X
URL: https://doi.org/10.1108/20441241211235062
Abstract:
Purpose – The purpose of this paper is to determine the fundamental factors influencing the equity share in build-operate-transfer (BOT) investments in relation to the project risk profile. Design/methodology/approach – The relationships between risk factors and equity participation into the capital structure of a BOT contract are examined using regression analysis of a dataset of toll road projects. Findings – Results suggest that the inflation rate, the size of the investment, the construction period, the solidity of the vehicle company, and the organizational structure of the project are significant variables of the equity portion of financing. Practical implications – The analysis may support project promoters by providing better understanding of the factors that might facilitate high debt leverages and by providing lending institutions with valuable information to integrate the method of determining the appropriate debt resources to be injected into a BOT project. Originality/value – The paper contributes towards growing the body of knowledge regarding the way public-private partnership initiatives are carried over and helps refine the capital structures of BOT projects.

Nzekwe-Excel, C (2012) Satisfaction assessment in construction projects: a conceptual framework. Built Environment Project and Asset Management, 2(01), 86-102.