The Study of Implementation Performance and Future Strategies of Build-Operate-Transfer Policy in Taiwan
Date Issued
2016
Date
2016
Author(s)
Chien, Liang-Chien
Abstract
Ever since the Taiwan High Speed Rail (THSR), the first Build-Operate-Transfer (BOT) project in Taiwan, began its passenger service in 2007, the term BOT has been regarded as an equivalent of collusion between the government and the business sector. What went wrong with BOT despite all its good intentions? The main reason why BOT is indispensable for the construction of infrastructure lies in the fact that the government has to introduce private infrastructure investment due to its lack of fund. This thesis intends to examine the status quo of the implementation performance of BOT projects in Taiwan from the perspective of a tenderer of the BOT projects in Taiwan. National Museum of Marine Science and Technology and National Museum of Marine Biology and Aquarium will be used as case studies, analyzed in business, political and operational dimensions, so as to explore the necessary adjustments to be made. BOT, a means of encouraging private investment in infrastructure, has been substituted by Public Private Partnership (PPP) or Private Finance Initiative (PFI). PFI, originated in U.K., is a procurement method which uses private sector capacity and public resources in order to deliver public sector infrastructure and/or services according to a specification defined by the public sector, while PPP is a government service or private business venture that is funded and operated through a partnership of government and one or more private sector companies. The nature of BOT is to promote the standard of public service and to accelerate the development of economy of the society. In Taiwan, the private investment in infrastructure still leaves much to be desired. In the future, we have to take into consideration how to encourage private investment in infrastructure and to create a win-win situation through Public Private Partnership.
Subjects
Public Private Partnership
Private investment in infrastructure
Type
thesis