Duration of concessions in seaports: european practice and calculation algorithms
DOI:
https://doi.org/10.15587/1729-4061.2013.18443Keywords:
concession, seaports, duration, exogenous approachAbstract
As a result of a new law "On Sea Ports", adopted in Ukraine, the prospects of attracting significant investments through the concession mechanism are opened up to the port sector. However, new opportunities require from authorized governmental agencies the skills and knowledge corresponding to international practice, particularly in issues relating to setting the duration of concession contract. In this regard, positive world experience is of particular interest. The practice of European sea ports is discussed and analyzed in the paper, the classification of methods for calculating the duration of concession contracts for the port sector, based on three proportionalities, was developed. Also, a decision plan was developed, allowing to choose the most rational approach to solving this issue, that can be very useful for practical application in Ukraine.
References
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- Shen, L.Y., Li, H. and Li, Q.M. (2002). Alternative concession model for build operate transfer contract projects. Journal of Construction Engineering and Management 128 (4): 326 - 330.
- Shen, L.Y. and Wu, Y.Z. (2005). Risk concession model for build operate transfer contract projects. Journal of Construction Engineering and Management, 131 (2): 211-220.
- Zhang, X. and AbouRizk, S. (2006). Determining a reasonable concession period for private sector provision of public works and services. Canadian Journal of Civil Engineering, 33: 622- 631.
- Shen, L.Y., Bao, H.J., Wu, Y.Z. and Lu, W.S. (2007). Using bargaining-game theory for negotiating concession period for BOT-type contract. Journal of Construction Engineering and Management 133 (5): 385-392.
- Ng, S.T., Xie, J., Skitmore, M. and Cheung, Y.K. (2007b). A fuzzy simulation model for evaluating the concession items of public-private partnership schemes. Automation in Construction 17: 22-29.
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