| Summary: | 碩士 === 國立成功大學 === 都市計劃學系 === 88 === Abstract
Due to the increasing financial burdens, BOT (Build-Operate-Transfer) has become a popular approach for public sector to provide the needed infrastructure in urban development for many countries. Most of the BOT projects implemented in the past for infrastructure provision are construction-related, which focuses on the issues of design, construction and operation of the target facility. Most of the current BOT projects in Taiwan however, are property-related, which involves a much more complicated model. In addition to the analysis and estimation of cost for infrastructure construction and the forecast of future from operation, the property-related BOT arrangement also involves the issues of land use planning, development rights and various form of incentives related to property development. These arrangements become sophisticated due to the creation of interface of right and obligation in land use issues which will affect the both the profitability of the private sector and the objectives of urban and environmental development from the public sector over a long period of time.
This study will examine the concept of property-related BOT projects. Planning and financial factors are the major focuses in the investigation. These two factors are interrelated. Using planning tools in achieving the goal of land use and development policy is the major objective of public authority. The planning issues that include the land use and density of development and various incentives will further determine the feasibility of private participation from consideration of financial aspect. Balancing the policy objective of public sector and the pursuit of profit from private sector become the major task of the property-related BOT process.
After reviewing various BOT projects, the Kaohsiung City Subway System BOT project was selected for elaboration of the related planning and financial issues. The determination of the routes of subway lines and the locations of stations will affect the potential of land use and property development. These will not only impact the performance of management in urban environment, but also set the parameter of private profitability in the provision and operation of the infrastructure.
Recommendations in utilizing planning mechanism to compensate financial performance in the process of arranging property-related BOT to balance the policy concern and profit pursuit are provided at the end of this study.
Keyword: BOT, Property-Related, Planning Factor, Financial Factor
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