Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/46471
Title: Private sector participation in infrastructure projects: A methodology to analyse viability of BOT
Authors: Ranasinghe, M. 
Keywords: BOT
Developing countries
Financial analysis
Infrastructure
Investments
Risk analysis
Utility
Water supply
Issue Date: 1999
Source: Ranasinghe, M. (1999). Private sector participation in infrastructure projects: A methodology to analyse viability of BOT. Construction Management and Economics 17 (5) : 613-623. ScholarBank@NUS Repository.
Abstract: Many developing countries are now attempting to finance new infrastructure projects through private sector participation. This paper outlines a methodology based on financial and risk analyses that a government or a government utility can use to analyse the viability of private sector participation in new infrastructure projects. The water supply projects in Sri Lanka are used for the case study to outline the methodology. Financial analyses of a bulk water supply project and a water distribution project are carried out to estimate subsidy percentages that are required to make the projects viable, using a model developed for the investment analysis of all types of infrastructure project. This analysis looks at four pricing options for the bulk supply project, and sixteen procurement options for the distribution project, from the view point of the utility, for three cases of non-revenue water (35% as base case, 50% and 25% as extreme cases). The risk analysis takes into account the risk and uncertainty in non-revenue water, cost and demand estimates, rate of debt and forecasts of escalation. These analyses show that the best option for the utility is to obtain both bulk supply and distribution projects through private sector participation using BOT arrangements.
Source Title: Construction Management and Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/46471
ISSN: 01446193
Appears in Collections:Staff Publications

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