| Title | Models of Financial Assessment and Land Appreciation for Private Participation in Transportation Infrastructure Establishment |
| Dept | Transportation Operations and Management Division |
| Year | 2006 |
| Month | |
| Price | |
| Summary | According to the article 39 of “Enforcement Rules of Act for Promotion of Private Participation in Public Infrastructure Projects”, the in charging authority shall conduct financial feasibility study and preliminary evaluation on financial plan before calling for private participation in an infrastructure project planned by the government. Usually transportation infrastructure projects have low Self-Liquidating Ratio (SLR) because of their huge investments and lengthy payback periods. Therefore, it is critical to adopt finance preferential measures and to provide land appreciations for private participators when the government intends to promote private participation in this area. The financial preferential measures can be adopted as long as it is agreed with the legal conditions. Hence, the purpose of this research is to investigate the issues related to the model of land appreciation to transportation infrastructures. Important issues include land acquisition, ancillary business operation, land development process, and land development risk. This research also reviews the financial modeling techniques applied in private participation projects to facilitate the cost-effectiveness analysis of land appreciations. It is hoped that the analyses and suggestions provided could be useful while the agencies of MOTC conducting similar projects. |
| Post date | 2006/05/10 |
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