RISK MANAGEMENT ON BOT SCHEME ON POST CONSTRUCTED TOLL ROADS

Abstract

BOT (Build, Operate, Transfer) scheme means the government transfers the concession to private company where the company is responsible for building and operating the project, and transfers the project back to the government when the concession expires. This kind of BOT (Build, Operate, and Transfer) projects is currently fashionable worldwide. The important issues concerning a highway B-O-T project is the risk factors which have been involved on the post constructed toll roads. This paper deals with the factors on risk which have been involved on a constructed toll road. Different toll roads were considered. Risk identification and classification based on risk factors has been done on the toll roads. The risk parameters are measured by the collection of details from various experts from toll road projects. AHP (analytic hierarchy process) is used for analyzing the data to determine the risk factors and their impact at different stages in road project. The comparative study is made between city and highway toll roads where many differences in management of roads were obtained.