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Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions

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  • Meng, Qiang
  • Lu, Zhaoyang

Abstract

Private provision of the public highways through the build-operate-transfer (BOT) scheme has become popular worldwide. Studies published in dozens of academic journals have investigated various kinds of cases of BOT highway projects. However, there appears to be a lack of systematic and critical overview on what specific problems and research methodologies these studies proposed and used for quantitatively analyzing the BOT highway projects. Therefore, this study critically reviews the relevant traffic oriented quantitative studies, which mainly focus on the determination of fundamental design factors for a BOT highway project in the planning stage. The existing studies are thoroughly examined according to the characters of BOT highway projects. To conclude, this study points out the limitations of the current studies and provides some tangible future research directions with practical relevance.

Suggested Citation

  • Meng, Qiang & Lu, Zhaoyang, 2017. "Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 105-123.
    • Handle: RePEc:eee:transb:v:102:y:2017:i:c:p:105-123
    DOI: 10.1016/j.trb.2017.05.009
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    5. Feng, Zhuo & Song, Jinbo & Yang, Xiaoxing & Guo, Ran, 2023. "Contractual flexibility, firm effort, and subsidy design: A comparison of PPP project contracts," European Journal of Operational Research, Elsevier, vol. 307(1), pages 484-496.
    6. Lu, Zhaoyang & Meng, Qiang, 2023. "Effects of asymmetric investment cost information on revenue-compensated build-operate-transfer highway contracts," Transportation Research Part B: Methodological, Elsevier, vol. 172(C), pages 71-92.
    7. Chen, Zhiyuan & Ye, Hanrui & Liu, Bingxi & Xue, Weili, 2021. "Analysis of road capacity and franchise price decision delegation in toll road BOT project," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 146(C).
    8. Hoang-Tung, Nguyen & Viet Hung, Do & Kato, Hironori & Binh, Phan Le, 2021. "Modeling ceiling price for build-operate-transfer road projects in developing countries," Economics of Transportation, Elsevier, vol. 28(C).
    9. Lu, Zhaoyang & Meng, Qiang, 2018. "Impacts of pavement deterioration and maintenance cost on Pareto-efficient contracts for highway franchising," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 113(C), pages 1-21.
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    11. Sang, Jinyan & Li, Zhi-Chun & Lam, William H.K. & Wong, S.C., 2019. "Design of build-operate-transfer contract for integrated rail and property development with uncertainty in future urban population," Transportation Research Part B: Methodological, Elsevier, vol. 130(C), pages 36-66.

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