Study Reports

 

 

 

 

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1. How is the construction financing achieved? 

 

 

 

1.1 short-term funds from commercial banks

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1.2 short term promissory notes by the Project Company

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1.3 long term bank loan

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1.4 bonds

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1.5 direct loans by the project sponsors 

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1.6 export credit agency 

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1.7 others _____________________________

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2.1 Private placement of long-term (>5 years) project debt

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2.2 Project Bond Offering  

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PART E: RISK MANAGEMENT

Remarks: Please choose all the relevant categories

 

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Definition of different project types:
1. Perpetual Franchise: a structure of project finance whereby private entities finance and operate the project under a perpetual franchise from the host government. All the financial support is provided by private parties which retain title to the assets. The government regulates safety, quality of service and profits.

2. Build-Operate-Transfer (BOT): a structure of project finance whereby the project company build and operate the project for a period determined to be sufficient to discharge construction costs and generate a satisfactory return during the operating period, at the end of which the project is handed over to the host government usually without compensation.

3. Build-Own-Operate (BOO): a structure of project finance whereby the project company build own and operate the project throughout the life of the project.

4. Build-Own-Operate-Transfer (BOOT): a structure of project finance whereby the project company build, own and operate the project for a certain period, at the end of which the project ownership is transferred to the host government.

5. Build-Transfer-Operate (BTO): a structure of project finance whereby private entities design, finance and build the project. They transfer legal title to the host government immediately after the project facilities pass completion tests. The private entity then lease the project facility back from the public authority for a fixed term which gives the private entity the right to operate the project facility and to collect revenues for its own account during the lease period. At the end of the lease, the public authority operates the project facility itself or hires someone else to operate it.

6. Buy-Build-Operate (BBO): a private firm buys an existing facility from the host government, modernizes or expand it, and operates it as a regulated profit-making public-use facility. Underdeveloped, deteriorating, or congested roadways, bridges, and airports are good candidates for this type of financing structure.

7. Lease-Develop-Operate (LDO): a private firm leases an existing publicly owned facility and surrounding land from the host government and expands, develops and operates the facility under the revenue-sharing contract with the host government for a fixed term. The host government holds the legal title of the facility.

 

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________________________________________________________________________

Company Name: _____________________________  Department: _________________________

Name of Contact Person(s): _________________________ Title(s): _________________________

Mailing Address: _________________________________________________________________

Telephone No. : ___________________________ Fax No.: ______________________________

Email address: _______________________Completion date of Questionnaire: _________________

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After completion, please return the questionnaire and any supporting documentation to:

Professor John K.C. Wei

Room No. 2417, Department of Finance

Hong Kong University of Science and Technology

Clear Water Bay, Kowloon, Hong Kong

PLEASE RETURN AS SOON AS POSSIBLE BUT NO LATER THAN MARCH 31, 1999

USE COURIER SERVICE IF POSSIBLE

 

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Remarks: (1) For the following questions, please give the estimated total number of all the infrastructure projects, ongoing / implemented in the past five years, in APEC member economies and (2) Consider projects with total cost of more than US$25 million.

1. How many infrastructure projects are considered for answering the questions below? ___

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