Financial Operation and Case Studies of Private Participation in Public Construction (BOT model)
2．由政府提供之配合措施、完工風險控制、費率制訂、資金籌措等方面探討英法海底隧道等六則國外BOT案例；並由自償率 (Self-financing ratio)之極限值、運量與費率係數變化對自償率及民間參與額度之敏感性、民間參與高鐵建設之政府權利金額度等方面檢討國內高速鐵路計畫案；最後作國內、外案例之比較。
In order to solve the two major problems of funding and risk management faced by governments in carrying out public construction, the Build-Operate-Transfer (BOT) model of raising private funds for the construction and operation of public projects has already become a widely used method in many nations. Although Taiwan has not yet applied the BOT model to public construction cases, the government is already actively planning and developing it. The objective of this study is to research the financial operation of BOT model , discuss BOT cases in other countries as well as the domestic high speed rail projects, and analyze the financial purposes of the law involved in the private participation in public construction. The following is a summary of the contents of this study： 1. A discussion of BOT-model financing in terms of risk management, the principles and major points of financial planning, financial structure design, equity financing design, and debt financing design. 2. Discussion of six foreign BOT cases, including government guarantee, construction risk control, setting of fee rates, raising of finance, etc.; review of Taiwan's high speed rail projects, including the limit values of self-financing ratio, the sensitivity of transport volumes and fee rate coefficients to self-financing ratio and the level of private participation, as well as the level of government's concession fee; and finally a comparison of these foreign and domestic BOT cases. 3. A five-level analysis of the financial purposes of "Statute for Encouragement of Private Participation in Transportation Infrastructure Projects", including the scope and partner of the encouragement, land acquisition and development, financing and tax incentives, risk management and financial return design.
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