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Claver, E, Molina, J F and Tari, J J (2003) Strategic groups and form performance: the case of Spanish house-building firms. Construction Management and Economics, 21(04), 369-77.

Eyiah, A K and Cook, P (2003) Financing small and medium-scale contractors in developing countries: a Ghana case study. Construction Management and Economics, 21(04), 357-67.

Horsley, A, France, C and Quatermass, B (2003) Delivering energy efficient buildings: a design procedure to demonstrate environmental and economic benefits. Construction Management and Economics, 21(04), 345-56.

Ofori, G (2003) Frameworks for analysing international construction. Construction Management and Economics, 21(04), 379-91.

Pitt, M and Smith, A (2003) An assessment of waste management efficiency at BAA airports. Construction Management and Economics, 21(04), 421-31.

Shields, R and West, K (2003) Innovation in clean-room construction: a case study of co-operation between firms. Construction Management and Economics, 21(04), 337-44.

Thomas, A V, Kalidndi, S N and Ananthanarayanan, K (2003) Risk perception analysis of BOT road project participants in India. Construction Management and Economics, 21(04), 393-407.

  • Type: Journal Article
  • Keywords: highway infrastructure; bot projects risk perception; risk criticality; risk allocation; risk acceptance; regression; traffic revenue risk; india
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619032000064127
  • Abstract:

    Despite massive investment opportunities and the establishment of a framework for private sector participation in highway infrastructure development programmes in India, private investment (including foreign direct investment) in this sector is not up to the expected level. A high degree of risk exposure, disagreement on many risk issues among major stakeholders, and the absence of adequate government guarantees have been identified as some of the major reasons for this lukewarm response. This paper discusses the outcome of a risk perception analysis carried out to evaluate the risk criticality, risk management capability, risk allocation/sharing preference, and factors influencing risk acceptance of major stakeholders. A survey was conducted among senior project participants such as government officials, promoters, lenders and consultants of Indian BOT road projects. Eight types of risks have been identified as very critical in the Indian road sector under BOT set up with traffic revenue risk being the most critical. Though there is fair agreement among survey respondents with respect to the risk management capabilities of stakeholders, their preferences of allocations are divergent. The significant factors influencing the risk acceptance of each stakeholder are identified through regression analysis. The study reveals that the factors and their relative influence on the risk acceptance of stakeholders are considerably different.

Ye, S and Tiong, R L K (2003) Tariff adjustment frameworks for privately financed infrastructure projects. Construction Management and Economics, 21(04), 409-19.