Law Experts Call for More BOT Projects

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Last updated at: (Beijing Time) Monday, April 22, 2002

Law Experts Call for More BOT Projects

Local law experts have urged the government to introduce more Build-Operate-Transfer (BOT) projects, to attract more investment from private and overseas investors.

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Local law experts have urged the government to introduce more Build-Operate-Transfer (BOT) projects, to attract more investment from private and overseas investors.

They made the call at a symposium on China's infrastructure development and the study and practice of laws concerning BOT projects, held in Hangzhou, provincial capital of east China's Zhejiang Province on Monday.

According to experts, the BOT model, which emerged in the 1980s, has been widely adopted in both developed and developing countries.

A number of key infrastructure projects including power plants and highways were also constructed under the BOT formula.

In the next decade, China has to invest as much as 270 billion US dollars in infrastructure, though it is impossible for the government to allocate such a huge sum.

At the symposium, experts shared their views on major issues and problems concerning the implementation of BOT projects in the country. China must improve its laws and policies as well as

procedures which may hamper efforts to introduce more BOT projects, they said.

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