Analysis of influencing factors and mechanism for Repurchase Price in BT Project
BT model is widely introduced into infrastructure project (IP) in China. The core issue in the operation process of BT project is that the government sectors confirmation of the repurchase price (RP) and payment methods influences the interests of both sides. However,the theoretical studies and relevant legal system on the issues above are relatively insufficient. This paper defines the concepts of BT operation models and repurchase price in BT project,and analyzes the influencing factors,including the methods of investing funds,construction period,engineering change,benchmark interest rate and investment rate of return (IRR),RP payment methods,Repurchase Period etc. Through the analyzing of their mechanism and example calculation of the repurchase price,this paper comes out a well targeted contract control strategy on the basis of RP control purpose. The results may have a strong guiding significance in theoretical studies and practical operation of BT models application in China.
BT (Build-Transfer) operation models project financing repurchase price financing ezpense mechanism
YAN Ling ZHAO Hua YANG Linggang
School of Management,Tianjin University of Technology,Tianjin 300384,P.R.China
国际会议
北京
英文
41-45
2009-10-21（万方平台首次上网日期，不代表论文的发表时间）