Abstract
Build-Operate-Transfer(BOT) is regarded as a potential device for the development of infrastructure. To be implemented in place, however, it needs huge amount of money and time. Moreover, all of participants, especially investors, confront “risks” due to highly complex legal and financial structures of the host country.This research explores to identify risks of transportation BOT projects in Thailand. Emphasis is placed on primary “source risks, ” particularly country specific risks in Thailand, at each phase of BOT projects. The results include formulation of expert's subjective assessment into graphical models that incorporate interrelationships among the risk factors. The outcome of this study is expected to disseminate invaluable knowledge among people who relate to BOT projects in Thailand.
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