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Elazouni, A M and Metwally, F G (2007) Expanding Finance-Based Scheduling to Devise Overall-Optimized Project Schedules. Journal of Construction Engineering and Management, 133(01), 86–90.

Goldenberg, M and Shapira, A (2007) Systematic Evaluation of Construction Equipment Alternatives: Case Study. Journal of Construction Engineering and Management, 133(01), 72–85.

Hanna, A S, Chang, C, Lackney, J A and Sullivan, K T (2007) Impact of Overmanning on Mechanical and Sheet Metal Labor Productivity. Journal of Construction Engineering and Management, 133(01), 22–28.

Jung, Y and Kang, S (2007) Knowledge-Based Standard Progress Measurement for Integrated Cost and Schedule Performance Control. Journal of Construction Engineering and Management, 133(01), 10–21.

Li, Y, Nie, X and Chen, S (2007) Fuzzy Approach to Prequalifying Construction Contractors. Journal of Construction Engineering and Management, 133(01), 40–49.

Liu, L and Zhu, K (2007) Improving Cost Estimates of Construction Projects Using Phased Cost Factors. Journal of Construction Engineering and Management, 133(01), 91–95.

Lucko, G, Vorster, M C and Anderson-Cook, C M (2007) Unknown Element of Owning Costs—Impact of Residual Value. Journal of Construction Engineering and Management, 133(01), 3–9.

Moussa, M, Ruwanpura, J and Jergeas, G (2007) CTAN for Risk Assessments Using Multilevel Stochastic Networks. Journal of Construction Engineering and Management, 133(01), 96–101.

Polat, G, Arditi, D and Mungen, U (2007) Simulation-Based Decision Support System for Economical Supply Chain Management of Rebar. Journal of Construction Engineering and Management, 133(01), 29–39.

Salman, A F M, Skibniewski, M J and Basha, I (2007) BOT Viability Model for Large-Scale Infrastructure Projects. Journal of Construction Engineering and Management, 133(01), 50–63.

Subprasom, K and Chen, A (2007) Effects of Regulation on Highway Pricing and Capacity Choice of a Build-Operate-Transfer Scheme. Journal of Construction Engineering and Management, 133(01), 64–71.

  • Type: Journal Article
  • Keywords: Build/Operate/Transfer; Pricing; Transportation networks; Highways; Regulations; China;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2007)133:1(64)
  • Abstract:
    The build-operate-transfer (BOT) scheme is being used increasingly by governments in their drive to privatize major public transportation projects. In a BOT scheme, the main objective for the private investors in determining the viability of a BOT project is profit, whereas the main objective for the government is whether the construction of the BOT project will give a positive social welfare to the society. These two objectives are often seen to conflict with each other. In this paper, modeling and analysis of highway pricing and capacity choice of a BOT scheme are provided to illustrate the tradeoff between the two objectives. Regulation is normally imposed by the government to ensure that the BOT project satisfies certain requirements. Five cases of the BOT network design problem are analyzed: (1) BOT without regulation; (2) BOT with positive performance measures; (3) BOT with a maximum toll charge level; (4) BOT with a minimum roadway capacity; and (5) BOT with a maximum toll charge and a minimum roadway capacity. Numerical results using a case study of the intercity expressway in the Pearl River Delta Region in China are provided to examine the various effects of regulation on a BOT project.