One of the key elements in real estate management is streamlining the construction process. Thus, the facilities can be built on a faster, cheaper, and higher quality base. Consequently, it will enhance the owner’s c...One of the key elements in real estate management is streamlining the construction process. Thus, the facilities can be built on a faster, cheaper, and higher quality base. Consequently, it will enhance the owner’s competitiveness. Due to the high cost and lengthy duration of mega-construction projects in recent years, Build-Operate-Transfer (BOT) contracts are getting popular in delivering constructed projects in the public sector. With BOT, the public owners are able to focus on the effectiveness of fair resource allocation as well as bring the efficiency of private enterprise into governmental operations. This paper uses Taiwan High Speed Rail project to exemplify the BOT method in executing the constructed projects in the chain of real estate management processes. The paper explains the reasons for building HSR and adopting BOT approach. The detail of the HSR project and the feasibility analysis of the project will be presented in this paper. The feasibility analysis comprises the comparisons of different transportation means, the financial analysis, and other benefits from HSR. Finally, conclusions will be drawn.展开更多
文摘One of the key elements in real estate management is streamlining the construction process. Thus, the facilities can be built on a faster, cheaper, and higher quality base. Consequently, it will enhance the owner’s competitiveness. Due to the high cost and lengthy duration of mega-construction projects in recent years, Build-Operate-Transfer (BOT) contracts are getting popular in delivering constructed projects in the public sector. With BOT, the public owners are able to focus on the effectiveness of fair resource allocation as well as bring the efficiency of private enterprise into governmental operations. This paper uses Taiwan High Speed Rail project to exemplify the BOT method in executing the constructed projects in the chain of real estate management processes. The paper explains the reasons for building HSR and adopting BOT approach. The detail of the HSR project and the feasibility analysis of the project will be presented in this paper. The feasibility analysis comprises the comparisons of different transportation means, the financial analysis, and other benefits from HSR. Finally, conclusions will be drawn.
