Risks and Strategies for a Build-Own-Operate International Airport Project in India

Daly Paulose
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Daly Paulose: School of Business, SCMS Educational Institutions Group, Kochi, Kerala, India

International Journal of Risk and Contingency Management (IJRCM), 2013, vol. 2, issue 1, 1-17

Abstract: This is a retrospective case study of applying risk management in a well-known successful build-own-operate (BOO) mega-project. The participants were the project team of the Cochin International Airport facility which was developed in India. This project is a world class monument of strategic vision and exemplary risk management, orchestrated as a public-private-partnership (PPP). The novelty is that this is the first time a large risky international airport BOO mega-project has been successful and then published in the literature. The project was delivered at a total cost of about Indian National Rupees (INR) 283,00,00,000 (with all phases included), while other airports built later on the same PPP model, namely those at Bangalore and Hyderabad, cost over INR 2000,00,00,000 (almost 10 times more).

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jrcm00:v:2:y:2013:i:1:p:1-17

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