Work

Analysis of a Build–Operate–Transfer Scheme for Road Franchising

Year: 2009

Type: article

Abstract: Private provision of public roads through build–operate–transfer (BOT) contracts is increasing around the world. Under a BOT contract, a private firm would build a road, charge tolls to road users for a period, and then transfer the road to the government. By viewing a BOT contract as a combination of three variables—concession period, road capacity, and toll charge—we study optimal BOT contracts that maximize social welfare and allow the private sector an acceptable profit. We also study how to reach optimal BOT contracts, either through bilateral negotiations between public and private sectors or through competitive auctions.

Source: International Journal of Sustainable Transportation

DOI: 10.1080/15568310802259981

Authors: Xiaolei Guo, Hai Yang

Institution: Hong Kong University of Science and Technology

Language: English

Topic: Public-Private Partnership Projects

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Sustainable cities and communities

Open Access status: green

OpenAlex ID: W2016162963

FWCI: 9.61

Cites: 18

Cited by: 46

Related to: 10