Learning from Global Success: Enhancing the Build-OperateTransfer (BOT) Procurement Method in Hong Kong
CHUI Wing Ming
徐泳明
BSc (Hons) in Surveying
I am a rather introverted person, but once I get to know someone, I gradually open up and enjoy in-depth conversations and relaxed chats with close friends. Serving as the Internal Vice President of the Surveying Society was the most valuable and precious experience of my university life, allowing me to meet many people in the industry. I have an easygoing personality and hope to continue working in the Quantity Surveying field after graduation to build a stable career.
Hong Kong traditional BOT model (BOT 1.0) has faced failures in recent years. The Tate’s Cairn Tunnel failed to achieve the aim of traffic diversion because of the rigid contracts. The West Kowloon Cultural District ACE projects failed due to low market response and low commercial viability.
This study analyzes seven cases using the comparative case study method. There are two Hong Kong failures, three successful international cases and two successful Hong Kong cases. After the analysis, it was found that BOT 1.0 is suitable for commercial projects, but not very suitable for public welfare projects, which have unpredictable revenues and risks. This study will propose several recommendations to upgrade BOT 1.0 to BOT 2.0 at the institutional level and contract design level.
This study concludes that Hong Kong has the ability to upgrade BOT 2.0 and achieve it in suitable projects.
Tutor: Renee Chan