Non-profit Public Infrastructure Development and the Application of Build-Transfer (BT) Financing Model
Journal Title: IJAR-Indian Journal of Applied Research - Year 2017, Vol 7, Issue 4
Abstract
With the growth of urbanization and industrialization, there is a huge demand for infrastructure development in China. The fund invested in infrastructure, especially the non-profit infrastructure, places a great burden on the local government. The Build–Transfer (BT) procurement model can effectively relieve financial pressure on local governments, and therefore has been widely adopted in the development of non-profit infrastructure projects. However, a comprehensive literature review indicate that early studies mainly focused on Build-–Operate-–Transfer (BOT) projects while few studies investigated the application of BT model. To deepen the understanding of the underlying philosophy of BT model in developing non-profit public infrastructure, a detailed case study of a BT expressway project in China is investigated (with focus on preliminary phase). Critical issues on the successful implementation of the BT expressway project are discussed, including the procurement process, selection of BT investor, fund management, and potential risk analysis. The findings can provide valuable experience and management implications for future BT projects.
Authors and Affiliations
Yelin Xu
Keywords
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