Appraisal of combined agreements in BOT project finance: Focused on minimum revenue guarantee and revenue cap agreements

Appraisal of combined agreements in BOT project finance: Focused on minimum revenue guarantee and revenue cap agreements

Limited public funds for infrastructures have the government consider joining the private in a BOT project finance scheme. Generally, the BOT projects entail lots of managerial flexibilities that may induce the radical change of project's cash flows, an asymmetric payoff, when facing on the un...

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Bibliographic Details
Main Author: Jaebum Jun
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2010-06-01
Series:International Journal of Strategic Property Management
Subjects:
BOT (Build-Operate-Transfer) project finance
Option pricing theory
MRG (Minimum Revenue Guarantee) agreement
RCP (Revenue Cap) agreement
Repeatedly-exercisable call-put compound option
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/5718

Internet

https://journals.vgtu.lt/index.php/IJSPM/article/view/5718

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