Hong Kong Experience in Managing BOT Projects
Publication: Journal of Construction Engineering and Management
Volume 127, Issue 2
Abstract
BOT (build-operate-transfer) project delivery systems have provided effective routes to mobilize private sector funds, innovative technologies, management skills, and operational efficiencies for public infrastructure development. However, many countries and regions lack BOT expertise and experience. Hong Kong, one of the pioneers in optimizing private sector participation in infrastructure development, has developed five large tunnels on the BOT basis since the late 1960s, the first of which recently completed its franchise period and entered into the posttransfer operation phase. Experience and lessons gained in formulating and managing BOT projects over more than 30 years have enabled the Hong Kong government to develop a well-structured BOT framework. This proven BOT model is useful for countries and regions lacking such expertise and still in need of BOT-based infrastructure. This paper discusses key development aspects of the five BOT tunnels, including feasibility study; tender selection; legal, financial, and land issues; design and construction; operation and maintenance; transfer; and posttransfer management.
Get full access to this article
View all available purchase options and get full access to this article.
References
1.
Ashley, D., Bauman, R., Carroll, J., Diekmann, J., and Finlayson, F. (1998). “Evaluating viability of privatized transportation projects.”J. Infrastruct. Sys., ASCE, 4(3), 102–110.
2.
Bateson, D. ( 1997). “Infrastructure development in Hong Kong through BOT.” The International Construction Law Review, LLP Limited, London, 14(Part 1), 136–140.
3.
Birgonul, M. T., and Ozdogan, I. ( 1998). “A proposed framework for governmental organization in the implementation of build-operate-transfer (BOT) model.” Proc., Association of Researchers in Construction Management 1998 Conf., The University of Reading, London, 517–526.
4.
Harris, F., and McCaffer, R. ( 1995). Modern construction management, 4th Ed., Blackwell Scientific, Oxford, England.
5.
Her Majesty's Treasury. ( 1994). Private finance and approval of capital projects, London.
6.
Hong Kong Government. ( 1992). Western Harbor Crossing Project Brief, Hong Kong.
7.
Hong Kong Government. ( 1993). Project Brief of Route 3 Country Park Section—Tai Lam Tunnel and Yuen Long Approach Road, Hong Kong.
8.
Leung, K. S., and Lau, C. K. ( 1998). “BOT highway infrastructure projects in Hong Kong.” Proc., '98 Mainland and Hong Kong BOT Conf., Works Bureau of Hong Kong, Hong Kong, 255–264.
9.
Muller, R. H. ( 1996). “Examining tollroad feasibility studies.” J. P. Morgan Municipal Rd. Res. Rep., J. P. Morgan Securities, New York.
10.
Ogunlana, S. O. ( 1997). “Build-operate-transfer procurement traps: Examples from transportation projects in Thailand.” Proc., CIB W92 Symp. on Procurement—A Key to Innovation, International Council for Building Research, Studies and Documentation, Rotterdam, The Netherlands, 585–594.
11.
Tiong, R. L. K., and Alum, J. ( 1997). “Evaluation of proposals for BOT projects.” Int. J. Proj. Mgmt., Oxford, U.K., 15(2), 67–72.
Information & Authors
Information
Published In
History
Received: Nov 30, 1999
Published online: Apr 1, 2001
Published in print: Apr 2001
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.