Asian Version of PFI Development-Prospects at Present and in Future : Lessons from Finance Crisis and Japanese Policy

Abstract

A variety of PFI projects had been launched and implemented in BOT or BOO contract formula in the era of 1990's. Despite the boom, bust came to bring about finance and currency crisis. Projects had suffered from unexpected damages by discontinuous environment change. This paper traces the overview of this happening and argues appropriate policy, its necessity and Japanese role. Here, BOT and BOO is dealt as concrete formula of PFI though its definition is broad.