Highlights This study provides a critical and comprehensive literature review on the BOT highway franchising studies using traffic oriented quantitative analysis approaches.These traffic related quantitative studies of highway franchising are identified and classified into five categories according to the characters of BOT highway projects.Relevant economic theories and quantitative analysis approaches are investigated and reviewed critically based on the five categories.This study identifies some unaddressed issues in current studies, and highlights several interesting research directions with practical relevance for the future studies of highway franchising.
Abstract Private provision of the public highways through the build-operate-transfer (BOT) scheme has become popular worldwide. Studies published in dozens of academic journals have investigated various kinds of cases of BOT highway projects. However, there appears to be a lack of systematic and critical overview on what specific problems and research methodologies these studies proposed and used for quantitatively analyzing the BOT highway projects. Therefore, this study critically reviews the relevant traffic oriented quantitative studies, which mainly focus on the determination of fundamental design factors for a BOT highway project in the planning stage. The existing studies are thoroughly examined according to the characters of BOT highway projects. To conclude, this study points out the limitations of the current studies and provides some tangible future research directions with practical relevance.
Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions
Transportation Research Part B: Methodological ; 102 ; 105-123
2017-05-19
19 pages
Article (Journal)
Electronic Resource
English
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