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The build-operate-transfer model as an infrastructure privatisation strategy for Turkmenistan

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  • Durdyev, Serdar
  • Ismail, Syuhaida

Abstract

Turkmenistan is in the process of privatising the state-owned enterprises that help to provide infrastructure for economic development. Build-operate-transfer (BOT) has become a popular mechanism in developing countries for infrastructural privatisation. A Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis is provided whilst the factors for successful BOT implementation are discussed. To evaluate BOT application in Turkmenistan, a descriptive survey of stakeholders is conducted and the results are used to identify and rank the most significant factors affecting BOT implementation. Recommendations to address future challenges faced by both the private and public sectors are provided.

Suggested Citation

  • Durdyev, Serdar & Ismail, Syuhaida, 2017. "The build-operate-transfer model as an infrastructure privatisation strategy for Turkmenistan," Utilities Policy, Elsevier, vol. 48(C), pages 195-200.
    • Handle: RePEc:eee:juipol:v:48:y:2017:i:c:p:195-200
    DOI: 10.1016/j.jup.2016.12.002
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    References listed on IDEAS

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    1. Gilberto M. Llanto, 2008. "A Review of Build-Operate-Transfer for Infrastructure Development : Some Lessons for Policy Reform," Development Economics Working Papers 22655, East Asian Bureau of Economic Research.
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    6. Llanto, Gilberto M., 2008. "A Review of Build-Operate-Transfer for Infrastructure Development: Some Lessons for Policy Reform," Discussion Papers DP 2008-25, Philippine Institute for Development Studies.
    7. Cabrera, María & Suárez-Alemán, Ancor & Trujillo, Lourdes, 2015. "Public-private partnerships in Spanish Ports: Current status and future prospects," Utilities Policy, Elsevier, vol. 32(C), pages 1-11.
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    9. Motasam Tatahi, 2012. "Enterprise Performance, Privatization and the Role of Ownership in Bulgaria," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 10(2), pages 131-153.
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    Cited by:

    1. Dr Usman Ahmad & Dr Kashif Akram & Erum Fatima & Muhammad Hussain, 2021. "Risk Management in the Malaysian Build Operate Transfer Projects," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 3(3), pages 368-375, December.
    2. Serdar Durdyev & Edmundas Kazimieras Zavadskas & Derek Thurnell & Audrius Banaitis & Ali Ihtiyar, 2018. "Sustainable Construction Industry in Cambodia: Awareness, Drivers and Barriers," Sustainability, MDPI, vol. 10(2), pages 1-19, February.
    3. Surachman, Eko Nur & Perwitasari, Sevi Wening & Suhendra, Maman, 2022. "Stakeholder management mapping to improve public-private partnership success in emerging country water projects: Indonesia’s experience," Utilities Policy, Elsevier, vol. 78(C).

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    Keywords

    Turkmenistan; BOT; Privatisation;
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