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T-OH (third party guarantors)GMo_HiT OAbvTq]pUAN-IXhC ]AOo_HlOCQPB TAObGO MvqCpG-]BMXDB ]AFC 2.~OH(commercial guarantors)~OHOMejPbGeOFPM vqFhOFOOC~OH]A~BOIqB qcC A. ~G~uOo_HHCA--tlCo_HFYzAQOAiC B. OIqGOIqFMHO~AYOApFv-IOIB~_IANOC C. qGq]|OiOC81 82. qOPWqtBQT`M-IS M-Ij-PikpUSG1. bPqAMP-{-IPAjqC2. -IiaT|H_C3. i-IibWvoiHC4. s-I|HiwaX{C5. li_-I-IzC6. j-IX{bMMBq] 5-4 C ^7. M U H v H M o _ H Sconcession ] q company^Slv--lvAUvD-naM qA-IOCC8. -Iz]s-PC-I q}oq Bq 5-2.MUq-I{(GWilliam B. Brueggeman & Jeffrey D. Fisher, Real Estate Finance and Investments, ninth edition, IRWIN, 1993, p.554)82 83. qOPWqtBQ W-zh-ISAMoiqPAj-PiUCq-IG @.}oq bM}oqAo_Hq`-nO - 3 ~hi18NRsC@sNiQOgAAXbMbaAOAkWoC ~@u{-MAhv-Iq-jTwC]M}lM]oMbFvSAvSq`-ngLBvBfBB{A-nOA-YoF-UcA-MYLkJwii-ICFM-sAYi-Po_HHBOl-IC v J g 5-3.Mq{yq (GPeter K. 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P~gP-ISAqOixSABjB^AHNWqti|DJ-ID-nGFv-IB-IBB-IBiO-IBk-ICpqt-IizAWTjBJA]AG]-Iz[cBq-InSP-IzC| . bMAwH-IzAOMwMO_ ]CqtApi-IzO TOvq--nAqtP@~PAiHzL AHk[HO@CWqt]iH-- cGu{BPBB@BU BqBpqOtC 124 125. qOPWqtBQ- . @BGqoqtAI ~ 9 A-88 auAdTqtA~B88 ~ 6 ( )Aqt 6 26 FfqtwqLA-] qtvTi 7 8 oOpqLF l|aATa (IOMqOBIqOMqO) AFqOihAw]qtx C. q~k-]88 ~^--IGG@OHkq~gWea--AP~iPsb@aHWXq~Bq~Btq~oq~FGOmWB-qOAFBq~BOO@B~BMa@PqOe-|AH]kHAWM-aqOCG`s]qOoiAqtN-{sDCOq~k-|bk|qLTAoiRTwCFbL{t~--nAF[tAHTqtgCqO]ABgAqOIAPAHogvC~AWqtWqtA-I-IM~qWAHQoMCwqt-IA-qw-IqAHA--IAw-IzFAH-IA-nDbCPBUIuAHX-IF-nDCU-IM~c-IOAq~~QBCqOY|giA729 M921 xjqASXxWqOtzCFi@B@~vOAq OoiP-wA-bA}oq~Al]AtMIPkOAp~b-AFFBB~T-C 125 126. qOPWqtBQm@ .1. sjzNs ( 86) A uxWqOqP s C v2. gs|Ps] 88A^uq~qO B@s C v3. ( 83)Auoq-nQAaCv4. xqq] 88A^uxqq-peCv5. xqq( 86)AuF|tv Ts C v6. xqq( 86)AuF-kOsCv7. xqq( 86)AuF|tvTsCv8. xqq( 85)AuqOoiCv9. k|ge-| ( 85) A uq~k- C v10. F| ( 85)AuxWaFICv11. `AuqO~PFAxqZA397 Cv12. Ma 87)Aq~qOvPoiAuZA 28 ( 2 A p.62-80C13. -( 84) A uoq~IPiAquqTC v14. 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William, B.H. and M.D. McCubbin (1995), Utility Regulation, Economic Development , and Political Stability: The Contrasting Cases of Argentina and Chile, University of California129 130. qOPWqtBQ@ }oq~@~-nI]@BGq^ 83.9.30@B]-qw^gzxWqO--q]HUxqq^ KQC~Gq~ve}oq~]f@~-nAS -qw-nICGB]Ad^-nIAMOOoq~~CTB]}B^}oq~`meqAHWL~BxWqOt`meqGQ--Ce}BgN-nC|B]qO^oq~qOAoqt~APxqqwC-B]q ^xqqVoq~RqOAHWLxqqPoqK-hCpAgBCB]^goq~Aboq~wBAHXw]CCB]^goq~Aoxqq-PNwwoqtoqMvCeoqMvPNAoq~AlOCKB]@~{^goq~@~{pGe@foq~wBCeGfoxqqPNoqtoqMvPNCeTfoxqq PNqCe|foavHPNCe-fw]CefXt-peBvTiODo]mi C 130 131. qOPWqtBQ eCfPxqq-qqXC eKfIuiC eEfoqt]-pBIuuC eQfCEB]w]^w]oq~AC-peAoq]Iba]^FB]^F]UD[fdNAgfCe@foqCeGfoqtCeTf]I-peCe| f]w-pCe-fxqqPNoqMvPNCefxqqPNqCeCfavHPNCQB]Iui^eWw-A-iIuwA IueC-peAgou@iG e@fu{-peC eGfBWdC eTfPxqq-qqXC e|fvTi-C e-fODo]miCQ@B ]^eWwou@iAIuA CAoq]Iba]^FB]^F]UD [fdNAgfG e@fq~nOWhKCUC eGfD-noq]@iC eTfqQ~nOC e|fODo@iC gXAgoq~Alo~C 131 132. qOPWqtBQG {q]oqtfd@~-nI 88.1.21@B u{q}oqt]moqtf@~-nAz v S-qw-nICGBe-XuH--Ge-||MAe-`BTGH WX uAfde-JXuAieNzHXuCTBfdGq~kGQWwubP@G-HWgq~AHbeuAH-FPAH-peuvzA-hpG]@^ gPAfdC]G^gpPAhP@fd-hAgfdC]T^tHbfd{fdfdQ-nDAHgAfdhzC|BfdG{fd fdA{fdqLAg~AifdC-B{fd]ACG]@^ O_q~k]^FC]G^O_C-hi-nDG1. vT-GoODo-qZC2. aFPNGot}ba]^FoPNC3. 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