Identifying risk factors of BOT for water supply projects

Saixing Zeng · Tong Wan · C. M. Tam · Dong Liu

25 citations0/0 files storedProceedings of the Institution of Civil Engineers - Water Management

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Public-Private Partnership Projects Capital Investment and Risk Analysis Water Governance and Infrastructure

Abstract

In China, urbanisation, industrialisation and increasing population are straining the existing infrastructure facilities, the shortage of which will suffocate economic growth and social development. In order to overcome the ‘bottleneck’, the Chinese government has explored the mechanism of the build–operation–transfer (BOT) model to encourage infrastructure provisions from the private sector. Using the analytic hierarchy process (AHP) technique, this paper constructs a three-level hierarchy for identifying the critical risk factors for water supply BOT projects in China. By comparing the 28 risk factors, the critical risk factors were short-listed and found to include ‘change of taxation policy’, ‘fluctuation of loan interest rate’, ‘variation of water resources price’, ‘fluctuation of foreign exchange rates’, ‘competitors’ and so on. Finally, strategies of risk management were proposed, including risk minimisation, risk transfer, risk allocation and risk retention.

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References

1980The analytic hierarchy process : planning, priority setting, resource allocation 1986The Analytic Hierarchy Process—A Survey of the Method and its Applications 2002Transforming project risk management into project uncertainty management 1990Systematic Risk Management Approach for Construction Projects 2003Project risk management in the Queensland engineering construction industry: a survey 1992Decision analysis for management judgment 2001Framework for Critical Success Factors of BOT Projects in China 1999Build-operate-transfer model for infrastructure developments in Asia: reasons for successes and failures

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