Development of a Financing Optimization Framework Based on Risk Simulation in BOT Projects: A Case Study of the Waste-to-Energy Project

Table 14

Time information and cash flows of the construction and operation period.

Item	Start time	Finish time	Cash outflow (expenses)	Cash inflow (revenue)
	Month	Month	Million toman	Million toman
Activity 1	0	1	—	—
Activity 2	0	5	2,187	—
Activity 3	2	9	1,456	—
Activity 4	4	11	8,727	—
Activity 5	10	17	5,813	—
Activity 6	4	11	2,912	—
Activity 7	10	17	4,363	—
Activity 8	4	11	728	—
Activity 9	10	17	1,091	—
Activity 10	8	11	728	—
Activity 11	10	12	1,089	—
Activity 12	4	18	74,846	—
Activity 13	10	27	126,750	—
Activity 14	26	35	93,603	—
Activity 15	26	35	87,379	—
Activity 16	26	36	43,716	—
Activity 17	0	3	24,760	—
Activity 18	5	26	75,446	—
Activity 19	26	41	25,153	—
Activity 20	33	45	18,883	—
Activity 21	35	47	12,552	—
Activity 22	46	48	6,288	—
Activity 23	47	52	18,770	—
Operation period year 1	52	64	13,341	57,209
Operation period year 2	64	76	16,874	70,872
Operation period year 3	76	88	20,896	87,480
Operation period year 4	88	100	25,151	106,242
Operation period year 5	100	112	30,613	130,456
Operation period year 6	112	124	37,357	160,679
Operation period year 7	124	136	45,679	196,528
Operation period year 8	136	148	55,388	241,854
Operation period year 9	148	160	67,326	298,795
Operation period year 10	160	172	81,520	363,871
Operation period year 11	172	184	98,729	442,236
Operation period year 12	184	196	119,293	543,390
Operation period year 13	196	208	143,843	659,752
Operation period year 14	208	220	174,063	806,007
Operation period year 15	220	232	208,858	992,106
Operation period year 16	232	244	252,676	1,211,273
Operation period year 17	244	256	304,557	1,457,233
Operation period year 18	256	268	364,097	1,798,119
Operation period year 19	268	280	438,586	2,201,486
Operation period year 20	280	292	525,569	2,672,643