Analyzing Asian Infrastructure Development Privatization Market
Publication: Journal of Construction Engineering and Management
Volume 128, Issue 2
Abstract
Concession agreement is one of the infrastructure privatization models. In Asia, the rise of concession projects began in the 1980s, and the number of such projects continues to grow. This research provides an overview and detailed analysis of the Asian concession market. Eighty-seven concession projects awarded between 1985 and 1998 covering 12 Asian countries were examined. Findings show that Asia has been implementing concession models actively in response to the high demand of infrastructure development in the power, transportation, and water sectors. Approximately 30% of the total concession projects had disappointing performances resulting in financial loss, cancellation, delay, and suspension of the project.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 128 • Issue 2 • April 2002
Pages: 110 - 116
Copyright
Copyright © 2002 American Society of Civil Engineers.
History
Received: Nov 20, 2000
Accepted: Apr 23, 2001
Published online: Apr 1, 2002
Published in print: Apr 2002
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