Before revision: Technical risk: construction difficulties, for example unforeseen soil conditions, breakdown of equipment Financing risk: foreign exchange rate risk and interest rate fluctuation, market risk (change in the price of raw materials), income risk (over-optimistic cash-flow forecasts), cost overrun risk
After revision: BOOT FrameworkThe BOOT procurement strategy utilizes project finance to fund large-scale greenfield infrastructure projects such as local power stations, water treatment facilities and sewage facilities, or transit infrastructure, URLBOOT delivery model is different to the BOT (build-operate-transfer) delivery model, in which the private party does not own the project as an asset, they only receive a concession to operate it for a period of time.Technical risk: construction difficulties, for example unforeseen soil conditions, breakdown of equipment Financing risk: foreign exchange rate risk and interest rate fluctuation, market risk (change in the price of raw materials), income risk (over-optimistic cash-flow forecasts), cost overrun risk