Risk Management for Public-Private Partnerships: Using Scenario Planning and Valuation Methods
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.
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Jeon, Christy Mihyeon
- Amekudzi, Adjo Akpene
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Conference:
- Transportation Research Board 86th Annual Meeting
- Location: Washington DC, United States
- Date: 2007-1-21 to 2007-1-25
- Date: 2007
Language
- English
Media Info
- Media Type: CD-ROM
- Features: Figures; References; Tables;
- Pagination: 17p
- Monograph Title: TRB 86th Annual Meeting Compendium of Papers CD-ROM
Subject/Index Terms
- TRT Terms: Design bid build; Design build; Infrastructure; Management; Megaprojects; Public private partnerships; Risk management; Tunnels
- Identifier Terms: Channel Tunnel
- Uncontrolled Terms: Operate-design-build-operate
- Geographic Terms: Boston (Massachusetts)
- Subject Areas: Administration and Management; Bridges and other structures; Finance; Highways; Planning and Forecasting; I10: Economics and Administration; I21: Planning of Transport Infrastructure;
Filing Info
- Accession Number: 01046052
- Record Type: Publication
- Report/Paper Numbers: 07-0793
- Files: TRIS, TRB
- Created Date: Apr 11 2007 7:35AM