01046052

Component

In both developing and developed economies, several governments are considering Public Private Partnerships (PPP) such as design-build (DB), build-operate-transfer (BOT), and build-own-operate-transfer (BOOT) schemes for multibillion-dollar mega infrastructure projects. These schemes come with various political, financial, and legal risks in both socioeconomic settings. This paper discusses sources of risk in the Boston’s Central Artery/Tunnel and Channel Tunnel Projects, some of the most notable megaprojects in the world, and introduces applications of scenario planning and valuation methodologies to create scenario-based or dynamic contracts to manage selected risks in BOT and BOOT schemes. Such contracts can insulate better the contractor and enable host governments to provide more favorable conditions for infrastructure systems delivery that are more attractive to potential contractors.

01042056

07-0793

English

17p

2007

Transportation Research Board 86th Annual Meeting

CD-ROM

Figures (1) ; References (27) ; Tables (6)

Design bid build; Design build; Infrastructure; Management; Megaprojects; Public private partnerships; Risk management; Tunnels

Channel Tunnel

Operate-design-build-operate

Boston (Massachusetts)

Administration and Management; Bridges and other structures; Finance; Highways; Planning and Forecasting; I10: Economics and Administration; I21: Planning of Transport Infrastructure

Transportation Research Board Annual Meeting 2007 Paper #07-0793

TRIS, TRB

Feb 8 2007 5:23PM