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An investigation of Chinese BOT projects in water supply: a comparative perspective

Author

Listed:
  • Chuan Chen
  • John Messner

Abstract

China has used the Build-Operate-Transfer (BOT) delivery method since the early 1980s. However, there has been a varying degree of success achieved through the use of this method aimed toward the increased development of economic infrastructure projects. The Chinese government continues to shift and revise their delivery approach on BOT projects to maintain public welfare and improve the potential for project success based on lessons learned from practice. Private sponsors accordingly design or adjust their strategies to survive and succeed in this turbulent market environment. Three representative BOT water projects in China were compared to provide both descriptive and predictive insights to both public and private parties involved in water BOT projects in China. Critical lessons were drawn from government initiatives in project institutional settings regarding government support, procurement method, tariff formulae, approval system, and dispute resolution process. Four generic strategies used by private sponsors were identified through these case studies including cost leadership, transaction size maximization, localization, and involvement of multilateral financial organization.

Suggested Citation

  • Chuan Chen & John Messner, 2005. "An investigation of Chinese BOT projects in water supply: a comparative perspective," Construction Management and Economics, Taylor & Francis Journals, vol. 23(9), pages 913-925.
    • Handle: RePEc:taf:conmgt:v:23:y:2005:i:9:p:913-925
    DOI: 10.1080/01446190500184121
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    Citations

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    Cited by:

    1. Abraham Park & Chen Yu Chang, 2013. "Impacts of Construction Events on the Project Equity Value of the Channel Tunnel Project," ERES eres2013_97, European Real Estate Society (ERES).
    2. Zhao, Zhen-Yu & Zuo, Jian & Zillante, George & Wang, Xin-Wei, 2010. "Critical success factors for BOT electric power projects in China: Thermal power versus wind power," Renewable Energy, Elsevier, vol. 35(6), pages 1283-1291.
    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).
    4. Zhao, Zhen-Yu & Zuo, Jian & Zillante, George, 2013. "Factors influencing the success of BOT power plant projects in China: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 446-453.

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