英文摘要 |
In order to improve the construction efficiency and service quality, some public infrastructure projects are privatized by government to release the burden of financial shortages, and get better usage of the limited financial resources by introducing the participation of private sectors and their technology, operation efficiency, manufacture experience and system of managenment as well. A framework of legal system was set up to share the risk and responsibility between public and private sectors, considering both of their benefits, to push the private sectors to invest on those public infrastructure projects which are urgently needed by the society but not affordable by government.Taiwan High Speed Rail (THSR) project was originally plan to be implemented by government itself, adopting the traditional procurement process with normal budget yearly, but was carried out by BOT mode later on because of the financial difficulty of government. THSR started to revenue service at Jun. 2007 and became an important traffic vessel of Taiwan's west corridor. But, the traffic volume was only half of the original prediction which caused revenue insufficient and made the finances of Taiwan High Speed Rail Co. (THSRC) getting worse year by year. Finally, government was forced to help THSRC to tide over the financial difficulties by way of syndicated bank financing, but this action lead to the criticism that whether it is suitable to implement THSR project by BOT mode.Depending on the financial reports of THSRC and some domestic and foreign BOT case studies about financial issues, this thesis wants to know how government to lower its financial burdens and the investment risk of the private enterprises when they participate in the public construction project to improve construction efficiency and the success of project financing. This thesis also wants to know how THSRC improve its financial structure and get turnaround of its business income. Therefore, THSRC's service quality, operation technologies and human resource can keep forever. |