Abstract:
Build operate and transfer (BOT) term in construction management has been gearing up popularity tremendously in recent times. In developing countries (i.e. Pakistan), where often the owner do not have enough finances to carry out the infrastructure development projects, the BOT can provide the unique opportunity to assist both the financer and the owner. The developing country like Pakistan require extensive infrastructure to meet the various development challenges of future. The governments in the developing countries mostly have the budgetary constraints to commence the development projects. The priorities always remained debatable for the commencement of any government funded infrastructure development project especially in Pakistan. BOT is an option for financing the infrastructure and boost the economical growth of the country with out direct utilization of government finances. In private sector for the owners who have land resources but no finance to make the sufficient development on these lands BOT can be a precious alternate. The BOT projects have the potential to serve the government and private sector with equal effectiveness. BOT projects are also offering attractive opportunities to foreign investors, which in turn can generate substantial foreign exchange for economic growth. Today the Pakistan construction industry has lot of prospects of BOT projects in the fields of power, irrigation, transportation, real estate, highways, multistory buildings and urban development, which can gain the attention of foreign investors. This paper highlight the major BOT projects offered in Pakistan in recent years. This paper will also discuss the major requirements of the BOT projects.
Page(s):
88-97
DOI:
DOI not available
Published:
Journal: Proceedings of International Conference on Construction in Developing Countries , Volume: 4, Issue: 5, Year: 2008