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Barot, B (2002) Growth and business cycles for the Swedish economy. Journal of Construction Research, 3(02), 217–53.

Chan, E H W and Chan, A T S (2002) Development of professional system in the construction industry of China. Journal of Construction Research, 3(02), 271–84.

Devapriya, K A K and Pretorius, F (2002) The economic implication of project finance arrangements for BOO/BOT power projects in Asia. Journal of Construction Research, 3(02), 285–309.

  • Type: Journal Article
  • Keywords: BOO/BOT power projects; developing countries; economic implication; project finance; Asia
  • ISBN/ISSN: 1609-9451
  • URL: http://www.worldscinet.com/jcr/03/0302/S1609945102000217.html
  • Abstract:
    Financial 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 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 originated 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 empirical 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.

English, J (2002) The communication problems experienced by workforce on site, and their possible solutions. Journal of Construction Research, 3(02), 311–21.

Love, P E D, Tse, R Y C, Holt, G D and Proverbs, D G (2002) Transaction Costs, Learning, and Alliances. Journal of Construction Research, 3(02), 193–207.

Shen, L-Y, Wu, M and Wang, J Y (2002) A model for assessing the feasibility of construction project in contributing to the attainment of sustainable development. Journal of Construction Research, 3(02), 255–69.

Woodhead, R M and Downs, C G (2002) Facilitation as a research method to improve value management capabilities. Journal of Construction Research, 3(02), 209–16.