Abstract
The Build-Operate-Transfer (BOT) network design problem often involves three parties: the government, private sectors, and road users. Each of the parties has different objectives that often conflict with each other. This study develops the optimal pricing model for each party's perspective under travel demand uncertainty. Numerical studies are provided to illustrate the tradeoff among different objectives and the effects of regulation and policy on the BOT project. Regulation and policy are normally imposed by the government to ensure the BOT project satisfy certain requirements. The impact of imposing regulation and policy on profit, social welfare, spatial equity, and financial performance of a BOT project are explored using a case study of the Ban Pong-Kanchanaburi Motorway (BKM) in Thailand.
