To see the other types of publications on this topic, follow the link: PPP projekty.
Journal articles on the topic 'PPP projekty'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'PPP projekty.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Godlewska, Małgorzata. "Partnerstwo publiczno-prywatne w sektorze ochrony zdrowia." Studia i Prace Kolegium Zarządzania i Finansów, no. 168 (August 5, 2019): 113–31. http://dx.doi.org/10.33119/sip.2018.168.7.
Full textAbstract:
Celem artykułu jest zbadanie, czy partnerstwo publiczno-prywatne (PPP) jest szansą, czy zagrożeniem dla sektora ochrony zdrowia w Polsce, który boryka się z niedoborem środków finansowych na odtworzenie przestarzałej i wyeksploatowanej infrastruktury. Badanie przeprowadzono na podstawie analizy case study (n = 15) projektów PPP realizowanych w sektorze ochrony zdrowia (w Wielkiej Brytanii n = 5; w Portugalii n = 5 i w Polsce n = 5) oraz indywidualnych wywiadów pogłębionych (n = 32) z partnerami publicznymi i prywatnymi realizującymi projekty PPP, w tym w sektorze ochrony zdrowia w Polsce (n = 2), a także rozmów przeprowadzonych w ramach panelu ekspertów z przedstawicielami: partnerów publicznych i prywatnych, świata nauki, instytucji wspierających rozwój PPP w Polsce i z reprezentantami firm doradczych. PPP jest uznawane przez wielu naukowców za sprawdzoną i efektywną metodę realizacji inwestycji w sektorze ochrony zdrowia. W literaturze przedmiotu nie brakuje jednak głosów krytycznych pod adresem PPP. Pomimo toczącego się sporu, w Europie w latach 2012–2016 podpisanychzostało w sektorze ochrony zdrowia ponad 60 umów PPP, w modelu DBFO/DBFM, o wartości powyżej 10 mln euro. W Polsce mamy tylko jedną taką umowę PPP o wartości powyżej 10 mln zł, w modelu DBFOM, która jest w fazie realizacji (budowy). Tym niemniej odpowiedź na pytanie: czy PPP jest szansą, czy zagrożeniem dla sektora ochrony zdrowia w Polsce, nie jest jednoznaczna. Większość realizowanych na świecie projektów PFI/PPP w sektorze ochrony zdrowia jest obecnie w fazieeksploatacji/utrzymania, a tylko nieliczne uległy już zakończeniu. Tak więc nie jest jeszcze możliwe oszacowanie całkowitych kosztów cyklu życia wybudowanej w PFI/PPP infrastruktury, np. szpitali. Wyniki audytów projektów PFI/PPP realizowanych w sektorze ochrony zdrowia w Wielkiej Brytanii czy Portugalii również nie pozwalają na jednoznaczną odpowiedź na to pytanie. Mimo tych wątpliwości, w obliczu rosnącego zadłużenia podmiotów publicznych i wygaszania środków unijnych po 2020 r.,jedynym źródłem doinwestowania sektora ochrony zdrowia w Polsce może być właśnie współpraca pomiędzy partnerami publicznymi i prywatnymi w ramach PPP.
2
Kwofie, Titus Ebenezer, Samuel Afram, and Edward Botchway. "A critical success model for PPP public housing delivery in Ghana." Built Environment Project and Asset Management 6, no. 1 (February 1, 2016): 58–73. http://dx.doi.org/10.1108/bepam-04-2014-0026.
Full textAbstract:
Purpose – The nature and characteristics of critical success factors (CSFs) that influence success on public private partnership (PPP) arrangements on different project typologies vary between countries and regions. Studies confirm the lack of success on PPP approach on public housing project (PHP). The main challenge to PPP-PHP success has been identifying, analysing, categorizing and matching CSFs that are likely to influence the PPP-PHP outcome. The purpose of this paper is to identify the CSFs that influence PPP-PHP delivery in Ghana. This is premised on the theoretical implications that understanding the factors that influence the success on PPP-PHP projects is critical. Design/methodology/approach – By adopting a 16 CSFs from literature and using a questionnaire survey, the factors that are critical to success on PPP-PHP approach in Ghana were identified. The questionnaires were administered on participants that have been involved in PPP-PHPs in Ghana. Findings – The results revealed six CSFs that are critical towards success on PPP-PHPs in Ghana. The results also do not show significant variability in the agreement by the public and private stakeholder. Practical/implications – The findings present useful lessons for parties in PPP-PHPs in Ghana to focus their attention to engender the needed atmosphere towards successful delivery in Ghana in the formulation of policies, decision frameworks and delivery strategies. Originality/value – The study presents a critical success model that is applicable to PPP-PHP delivery in Ghana and potentially to other developing countries with similar socio-economic, political and organizational characteristics especially in Sub-Saharan Africa. It also affirms the fact that CSFs are contextual to project typologies and that different project types will reveal CSFs with varying significance in ranking. The findings should help in the development of efficient frameworks and policies for successes on PPP-PHPs in Ghana.
3
Leung, Barbara Y. P., and Eddie C. M. Hui. "EVALUATION APPROACH ON PUBLIC‐PRIVATE PARTNERSHIP (PPP) URBAN REDEVELOPMENTS." International Journal of Strategic Property Management 9, no. 1 (March 31, 2005): 1–16. http://dx.doi.org/10.3846/1648715x.2005.9637522.
Full textAbstract:
Urban redevelopments in recent years tend to follow a pragmatic market‐led partnership approach with involvement of both public and private sectors. However, it has been evidenced that this approach suffers from a number of deficiencies. These include over‐reliance on private investments which make the project vulnerable to financial risks and over‐emphases on creating a place of opportunity rather than improving the social environment in the deprived areas. This paper proposes an approach encompassing Cost‐Benefit Analysis (CBA) and Option Pricing concepts (OP) into urban renewal projects which is considered more appropriate for urban redevelopment appraisal. The approach is applied for appraising the bust‐boom saga of the London Docklands redevelopment to demonstrate the importance of the inclusion of social costs and benefits in the evaluation and the strategic value of operating options. Furthermore, key factors for an urban redevelopment project are also identified from the analyses which are considered crucial for the success of the project. Urbanistiniai pertvarkymai pastaraisiais metais dažniausiai vykdomi laikantis pragmatine rinka pagristos partnerystes nuostatos, būdingos tiek viešiesiems, tiek privatiems sektoriams. Tačiau buvo irodyta, kad šis būdas turi nemažai trūkumu. Tai susije su pernelyg dideliu pasitikejimu privačiomis investicijomis, del kuriu projektas susiduria su finansine rizika, bei pernelyg pabrežiamu galimybiu sukūrimu, o ne socialines aplinkos pagerinimu skurdžiuose kvartaluose. Šiame darbe siūloma i urbanistinius atnaujinimo projektus itraukti kaštu ir naudos analize (CBA) bei pasirinkčiu kainodaros (OP) metodika, kuri laikoma tinkamesne urbanistiniams pertvarkymams ivertinti. Ši metodika taikoma Londono doku pertvarkymams vertinti, norint parodyti socialiniu kaštu bei naudos itraukimo i vertinima svarba bei strategine valdymo pasirinkčiu verte. Be to, pagrindiniai veiksniai urbanistiniu pertvarkymu projekte taip pat nustatomi analizes, turinčios esmine itaka projekto sekmei, metodu.
4
Cheung, Esther, Albert P. C. Chan, and Stephen Kajewski. "THE PUBLIC SECTOR'S PERSPECTIVE ON PROCURING PUBLIC WORKS PROJECTS ‐ COMPARING THE VIEWS OF PRACTITIONERS IN HONG KONG AND AUSTRALIA." JOURNAL OF CIVIL ENGINEERING AND MANAGEMENT 16, no. 1 (March 31, 2010): 19–32. http://dx.doi.org/10.3846/jcem.2010.02.
Full textAbstract:
Hong Kong has been one of the early jurisdictions to adopt Public Private Partnership (PPP) model for delivering large public infrastructure projects. The development of this procurement approach in Hong Kong has followed an intricate path. As such, it is believed that there are a number of areas which are interesting to unveil. As part of a comprehensive research study looking at implementing PPPs, interviews with experienced local industrial practitioners from the public sector were conducted to realize their perspective on the topic of procuring public works projects. Amongst these interviews, fourteen were launched government officials and advisers. The interview findings show that the majority of the Hong Kong and Australian interviewees had previously conducted some kind of research in the field of PPP. Both groups of interviewees agreed that “PPPs gain private sector's added efficiency/expertise/management skills” when compared to projects procured traditionally. Also, both groups of interviewees felt that projects best suited to use PPP are those that have an “Economic business case”. The interviewees believed that “Contractor's performance” could be used as key performance indicators for PPP projects. A large number of critical success factors were identified by the interviewees for PPP projects; two of these were similar for both groups of interviewees. These included “Project objectives well defined” and “Partnership spirit/commitment/trust”. Finally it was found that in‐house guidance materials were more common in the organizations of the Australian interviewees compared to the Hong Kong ones. This paper studies the views of the public sector towards the topic of PPPs in Hong Kong and Australia, which helps to answer some of the queries that both academics and the private sector in these jurisdictions are keen to know. As a result the private sector can be more prepared when negotiating with the public sector and realise their needs better, academics on the other hand are provided a wider perspective of this topic benefiting the research industry at large. Santrauka Honkongas vienas pirmuju idiege viešojo ir privataus sektoriaus partnerystes modeli vykdant stambius visuomeninius in‐frastruktūros projektus. Jo pletra Honkonge buvo sudetinga. Yra gana daug sričiu, kurias būtu idomu aptarti. Kaip sudetinio viešojo ir privataus sektoriaus partnerystes igyvendinimo tyrimo dalis atlikta vietiniu pramonininku iš viešojo sektoriaus apklausa del viešuju darbu pirkimu perspektyvu. Tarp apklaustuju buvo keturiolika vyriausybes pareigūnu ir patareju. Apklausos rezultatai parode, kad daugelis respondentu iš Honkongo ir Australijos yra anksčiau atlike tyrimus viešojo bei privataus sektoriaus partnerystes srityje. Abi respondentu grupes sutiko, kad viešojo ir privataus sektoriaus bendradarbiavimo projektai yra pranašesni efektyvumu, kompetencija ir valdymo gebejimais, lyginant su tradiciniais pro‐jektais. Taip pat abi respondentu grupes nurode, kad viešojo ir privataus sektoriaus partneryste labiau tinka verslo eko‐nominiu projektu atveju. Respondentai mano, kad svarbiausias viešojo ir privataus sektoriaus partnerystes projektams yra rangovus apibūdinantis rodiklis. Respondentai išskyre daug viešojo ir privataus sektoriaus partnerystes projektu kritiniu sekmes veiksniu. Du iš ju yra bendri abiem apklaustuju grupems. Tai gerai apibrežti projekto tikslai ir bendradarbiavimo dvasia, isipareigojimai, tarpusavio pasitikejimas. Galiausiai nustatyta, kad vidaus valdymas yra paprastesnis Australijos apklaustose organizacijose, lyginant su Honkongo respondentais. Šiame straipsnyje nagrinejamas viešojo sektoriaus požiūris i viešojo ir privataus sektoriaus partneryste Honkonge ir Australijoje. Tyrimas gali padeti atsakyti i klausimus, kylančius tiek akademiniame, tiek privačiame sektoriuje. Tad privatus sektorius gali geriau pasiruošti deryboms su viešuoju sektoriumi, geriau suprasti ju poreikius. Moksliniam sektoriui suteikiamos platesnes šios srities tyrimu perspek‐tyvos.
5
Man, Petr, and Magda Jurčíková. "PPP Projects – Sources and Suppliers." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 2 (2015): 577–85. http://dx.doi.org/10.11118/actaun201563020577.
Full textAbstract:
This article analyses the problems of Public Private Partnerships (PPP) projects as alternative sources of finance for public services and infrastructure. It concerns itself with the attitude and reactions of suppliers towards PPP projects and their ability to ensure finance. The article also summarises the research projects concerning PPP and draws conclusions based on original analysis and research.
6
Ahamd, Usman, Yusnidah Bt Ibrahim, and Arpah Bt Abu Bakar. "Malaysian Public Private Partnership Projects: Project Success Definition." International Journal of Engineering & Technology 7, no. 3.30 (August 24, 2018): 33. http://dx.doi.org/10.14419/ijet.v7i3.30.18151.
Full textAbstract:
In last few decades, many governments have been using Public Private Partnership (PPP) as a tool to provide infrastructure and public services. Most of PPP projects achieved the objectives whereas, a few are underachieved. Besides, prior literature does not provide robust definition of success for PPP projects. Although, project management literature defines the general definition of project success and explains success as variable. However, due to the distinct nature of PPP projects there is a need to redefine the PPP project success. Therefore, this study aims to provide robust definition of the success of PPP project based on distinct nature of PPP project. To achieve the objective, this study has adopted phenomenological research method and conducted semi-structured interviews. Thematic analysis has been carried out by using ATLAS-ti 8.0 to arrange interviews’ data. Based on interviews, arrangements of two types of PPP projects, Build Lease Maintain and Transfer (BLMT) and Lease Maintain and Transfer (LMT) have been explained that leads to the development of the success criteria for PPP projects. The results reveal that one of the dimensions of success i.e. preparing for future is not valid to measure success for PPP projects.
7
Nagelkerke, M., and M. van Valkenburg. "Lacking Partnership in PPP Projects." European Procurement & Public Private Partnership Law Review 11, no. 4 (2016): 346–60. http://dx.doi.org/10.21552/epppl/2016/4/13.
Full text
8
Amadi, Chika, Patricia Carrillo, and Martin Tuuli. "Stakeholder management in PPP projects: external stakeholders’ perspective." Built Environment Project and Asset Management 8, no. 4 (September 10, 2018): 403–14. http://dx.doi.org/10.1108/bepam-02-2018-0048.
Full textAbstract:
Purpose This paper focusses on external stakeholders’ perspective of stakeholder management in public–private partnerships (PPP) projects within the context of developing countries where public opposition to PPP projects is prevalent. The purpose of this paper is to identify the key enablers to PPP projects’ success from the perspective of external stakeholders. Design/methodology/approach Data were collected from two case studies via semi-structured interviews in two PPP project locations in Nigeria. In total, 14 external stakeholders comprising community leaders, trade unionists and human right activist participated in the research. Findings Five key enablers of external stakeholder management were identified. These are as follows: the choice of project location; transparency of the internal stakeholders; timing of stakeholder engagement; knowledge of PPP; and relationship with internal stakeholders. Originality/value External stakeholders’ perspective of stakeholder management in PPP projects within the context of developing countries new to PPP has been established. The practical implications of the five enablers can be used by policy makers and industry professionals to ensure effective stakeholder management of PPP projects.
9
Blecken, Udo, Mike Gralla, and Ursula Holthaus. "PPP-Projekte: Strukturelle Kostenvergleichsuntersuchungen zwischen Eigenrealisierung der öffentlichen Auftraggeber und PPP-Anbietern." Bautechnik 84, no. 1 (January 2007): 25–34. http://dx.doi.org/10.1002/bate.200710004.
Full text
10
Xu, Yelin, John F. Y. Yeung, and Shaohua Jiang. "DETERMINING APPROPRIATE GOVERNMENT GUARANTEES FOR CONCESSION CONTRACT: LESSONS LEARNED FROM 10 PPP PROJECTS IN CHINA." International Journal of Strategic Property Management 18, no. 4 (December 8, 2014): 356–67. http://dx.doi.org/10.3846/1648715x.2014.971088.
Full textAbstract:
Governments worldwide are keen to encourage PPP schemes, however PPP is not a foolproof business. Many local governments and private investors have suffered severe or trying experiences. In this research, 10 case studies were conducted to identify the obstacles and difficulties for successful implementation of PPP projects from the perspective of government guarantees. These PPP projects include two water supply plants, two sewage treatment plants, two power supply plants, two highway projects, and two bridge projects. The findings obtained indicate that the local governments are familiar with “the type of guarantees” to provide to the private investor but they are unsure of the “amount” that should be given. Many PPP projects have therefore been heavily criticized for over benefiting the private investors as the government provides them with too many guarantees. The inappropriate guarantees offered by the government are regarded as one of the root causes of PPP projects’ failure. The lessons learned are valuable for determining appropriate government guarantees for future PPP projects and broadening the opportunities for infrastructure development with PPP procurement model.
11
Khahro, Shabir Hussain, Tauha Hussain Ali, Shafiqul Hassan, Noor Yasmin Zainun, Yasir Javed, and Shahbaz Aziz Memon. "Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries." Sustainability 13, no. 6 (March 17, 2021): 3292. http://dx.doi.org/10.3390/su13063292.
Full textAbstract:
The concept of a Public-Private Partnership (PPP) is not new for developing countries, although many initiatives are being contemplated for potential implementation. This paper evaluates the crucial success factor for the effective execution of PPP projects and it also investigates the appropriate distribution of the risks involved in PPP projects. Quartile analysis of features has been made after a detailed literature review for risk identification. The risk severity analysis is done using a quartile assessment. The data is collected from various contractors working on PPP projects in Pakistan. The comparative analysis has been conducted using available research work on PPP in developing countries. A risk severity rank model is created using 47 key risks in PPP projects for developing countries. Finally, the top risks identified by this research are compared with the previous studies conducted in China, India and Egypt. It is concluded that inflation, revenue risk from end-user, foreign exchange fluctuation, political situation, law and order, and corruption are the major risks in developing countries for better management of PPP projects. Most of the PPP projects are public-oriented. The society of any city is directly affected by most PPP projects. This paper presents the identified key risks of PPP projects in developing countries which are mostly financial and public-oriented. This work will support the PPP concept significance, meeting United Nations Sustainable Development Goal (SDG) 8 and 11. Recent countries’ political and economic circumstances and sustainability have transformed PPP ventures into a successful way to support the governments to develop roads, energy and facilities through private partners’ financial and technological capacities. Although PPP is used worldwide, its effective utilization in developing countries is still lacking. This paper is an enhancement to its successful use of the PPP domain for developing countries.
12
Eyiah-Botwe, Emmanuel, Clinton O. Aigbavboa, and Wellington Didibhuku Thwala. "Curbing PPP construction projects’ failure using enhanced stakeholder management success in developing countries." Built Environment Project and Asset Management 10, no. 1 (November 20, 2019): 50–63. http://dx.doi.org/10.1108/bepam-01-2018-0035.
Full textAbstract:
Purpose Globally, inadequate resources, skills deficiency and poor infrastructure have necessitated public-private partnerships (PPPs) as investment initiative for public sector projects. The purpose of this paper is to evaluate the key constructs for improved stakeholder management (SM) success in curbing PPP projects’ failure in developing countries to fill the research gap. Pre-stakeholder identification (PSI); implementation, monitoring and feedback (IMF) factors impact on PPP projects’ success in Ghana were examined. Design/methodology/approach In total, 16 models were studied as part of literature review followed by a qualitative three-round Delphi survey for SM key factors and validated using a quantitative questionnaire survey. The findings were analysed using structural equation modelling and a model fit test. Findings PSI, IMF factors directly influence PPP SM success model hence are key constructs. Furthermore, stakeholder consideration, a clear statement of objectives, adopting design and build are variables established as influencing PPP projects failures. Stakeholder identification, engagement, communication and analysis are generic factors. Practical implications Project managers can achieve stakeholder satisfaction and improve PPP projects delivery by considering the innovative PPP SM model. Furthermore, considering the identified factors and variables in holistic models will enhance stakeholder involvement thereby curbing PPP projects failure. Social implications Reducing PPP projects’ failure will enhance socio-economic growth. Originality/value PSI; IMF factors have never been included in holistic PPP SM model. They are proposed to curb PPP projects’ failure.
13
Babatunde, Solomon Olusola, and Srinath Perera. "Analysis of financial close delay in PPP infrastructure projects in developing countries." Benchmarking: An International Journal 24, no. 6 (August 7, 2017): 1690–708. http://dx.doi.org/10.1108/bij-05-2016-0076.
Full textAbstract:
Purpose The presence of previous awarded public-private partnership (PPP) infrastructure projects that significantly delays reaching financial close constrain the likely success of new PPP projects. However, effort at investigating financial close delays of PPP projects through empirical studies by the research community received scant attention. Thus, the purpose of this paper is to identify and assess the factors causing delays in PPP projects from reaching financial close in developing countries. Design/methodology/approach The study adopted literature review and questionnaire survey. In order to capture a broad perception, a questionnaire survey was adopted, which was administered to three different primary stakeholder categories comprised public sector authorities (i.e. ministries, department, and agencies), concessionaires, and lenders/banks already involved in PPP infrastructure projects implementation in Nigeria. The data obtained were analysed using mean score, Kruskal-Wallis test, and factor analysis. Findings The study revealed the mean score ranking of 39 identified causes of financial close delays in PPP projects, and the mean score values for all the identified 39 causes of financial close delays are very high. The study, through factor analysis, categorised the 39 identified causes of financial close delays into eight principal factors. The factors are: decreased bankability of PPP projects; unstable economic policy; weak financial, technical, and managerial capabilities of the concessionaires; weak public institutions; lack of creditworthiness of both the project sponsors and active partner; unfavourable economy of the host country; weak legal and unfavourable environment; and high contingent liabilities, respectively. Practical implications The identification and evaluation of the factors delaying PPP projects development from reaching financial close in a reasonable time manner would be useful for PPP primary stakeholders to develop strategies to safeguard the present and future PPP projects implementation in developing countries. Originality/value The study findings would be useful for both policymakers considering PPP projects and private investors seeking to finance PPP projects in developing countries. This study is crucial as not many empirical studies have been conducted in developing countries.
14
Liang, Yanhong, and Hongjun Jia. "Key Success Indicators for PPP Projects: Evidence from Hong Kong." Advances in Civil Engineering 2018 (August 6, 2018): 1–10. http://dx.doi.org/10.1155/2018/9576496.
Full textAbstract:
Because a consensus has yet to be reached on how to assess the success of a Public-Private Partnership (PPP) project, it is meaningful to study the multidimensional indicators to assess PPP project success. It merits attention that PPP project success indicators are totally different from PPP critical success factors (CSFs), which have attracted a lot of attention from scholars. This study conducts a questionnaire survey to identify the crucial considerations of project success from the perspectives of different PPP stakeholders. In line with previous studies, five dimensions of PPP project success that were developed from different stakeholder viewpoints and time frameworks were tested based on the empirical data. The dimensions mapped in the study not only provide a benchmark for practitioners to diagnose the extent of PPP project success but also provide a solid foundation for scholars to conduct further studies regarding PPP project success.
15
Xu, Zhao, Xiang Wang, Ya Xiao, and Jingfeng Yuan. "Modeling and performance evaluation of PPP projects utilizing IFC extension and enhanced matter-element method." Engineering, Construction and Architectural Management 27, no. 8 (April 19, 2020): 1763–94. http://dx.doi.org/10.1108/ecam-08-2019-0429.
Full textAbstract:
PurposeThere is often a lack of accurate performance evaluation in Public–Private Partnership (PPP) projects. It is a challenging issue to effectively use Building Information Modeling (BIM) for PPP project performance evaluation. The objective of this study is to develop a PPP project performance evaluation model based on Industry Foundation Classes (IFC) and an enhanced matter-element method to more precisely evaluate PPP project performance.Design/methodology/approachThe performance evaluation of PPP projects in the construction and operation period was explored. The PPP project performance evaluation indicator system was first established based on a literature review and PPP project practice. Then, the evaluation indicator information was expressed through IFC mapping and extension. After that, an IFC-based PPP project performance evaluation model was developed, and a case study was provided to validate the use of the proposed performance evaluation model.FindingsThe results of the case study show that the proposed approach can accurately and efficiently evaluate PPP projects, and it could favorably contribute to performance evaluation in PPP projects.Research limitations/implicationsThis study only concerns the performance evaluation of one type of PPP project. Further research is required to study different types of PPP projects; the model needs to be more efficient and intelligent.Originality/valueThe performance evaluation of PPP projects utilizing IFC extension and the enhanced matter-element method provides guidance for the government and private parties to accurately and efficiently evaluate PPP project performance.
16
Grundau, Jürgen, Thomas Holländer, and Ulf Höper. "Leitfaden für die Umsetzung erfolgreicher PPP-Projekte." Innovative Verwaltung 27, no. 3 (March 2005): 20–22. http://dx.doi.org/10.1007/bf03251132.
Full text
17
Zabolotskiy, Egor. "Using Financial Instruments of PPP Projects for NSPF’s Investment." Moscow University Economics Bulletin 2017, no. 2 (April 30, 2017): 22–44. http://dx.doi.org/10.38050/01300105201722.
Full textAbstract:
The purpose of this paper is to analyze investments of Russian non-state pension funds (NSPF) into financial instruments for public-private partnership (PPP) projects. The scope of the study refers to basic models of PPP, pension resources investment models using PPP and State regulations of investment pension resources in PPP projects. The theoretical framework of research relates to the Russian normative legal acts, regulating the activities of NSPFs and PPP applications, and works of foreign and domestic organizations and scientists in PPP, NSPFs and pension resources investment areas. The results of the study can be used by NSPFs, public and private partners to attract investment, Bank of Russia for oversight functions and federal authorities responsible for infrastructure projects realization.
18
Liu, Jiangfan, and Xiongzhi Xue. "River Management for Local Governments in China: From Public to Private." International Journal of Environmental Research and Public Health 15, no. 10 (October 4, 2018): 2174. http://dx.doi.org/10.3390/ijerph15102174.
Full textAbstract:
The Public and Private Partnership (PPP) model has been used to provide public services and goods. In China, local governments are willing to use the PPP model in many public services, such as integrated river management (IRM) projects, due to ease fiscal budget and the improved access to technology from the private sector. However, there has not been any specific discussion in the literature for applying the PPP model to IRM projects. In this study, we find that the PPP model results in the non-standardization of IRM projects. Our research paper builds the PPP operation framework for IRM projects. Our findings suggest that while the environmental quality evaluation system created in contracts for government payment seems to be optimal for protecting the public interest, it actually strains the partnership between the two parties and so its implementation should be considered on a case by case basis. Since the history of IRM projects using the PPP model is short, the actual performances of these types of projects has not yet been demonstrated. Local governments should be cautious about adopting the PPP model for such projects, and private companies should be cautious about their involvement. Our research will garner more scholarly attention to the application of the PPP model in complex projects.
19
Liu, Xiangdong, and Guangxi Cao. "The Impact of Participation in PPP Projects on Total Factor Productivity of Listed Companies in China." Sustainability 13, no. 14 (July 7, 2021): 7603. http://dx.doi.org/10.3390/su13147603.
Full textAbstract:
The key to transforming China’s economy from high-speed growth to high-quality development is to improve total factor productivity (TFP). Based on the panel data of China’s listed companies participating in PPP (Public–Private Partnerships) projects from 2010 to 2019, this paper constructs the time-varying DID method to test the impact of participation in PPP projects on the company’s TFP empirically, explore the mechanism of the effect of participation in PPP projects on the company’s TFP, and then conduct heterogeneous analysis from four perspectives: region, industry, ownership form, and operation mode. The empirical results show that participation in PPP projects can significantly promote the growth of the company’s TFP, which mainly comes from the promotion of the innovation level of listed companies and the alleviation of financing constraints by participating in PPP projects. In addition, participation in PPP projects has a significant impact on TFP of listed companies in the eastern region, listed companies in the secondary and tertiary industries, state-owned listed companies, and listed companies participating in PPP projects under the BOT mode.
20
Wang, Nannan, Minxun Ma, and Yunfei Liu. "The Whole Lifecycle Management Efficiency of the Public Sector in PPP Infrastructure Projects." Sustainability 12, no. 7 (April 10, 2020): 3049. http://dx.doi.org/10.3390/su12073049.
Full textAbstract:
The management role of the public sector in public–private partnership PPP infrastructure projects has been extensively expanded to the whole lifecycle rather than in the traditional infrastructure projects. The performance of the public sector in a PPP is the key for the PPP to achieve sustainability; however, there is a lack of research on the whole lifecycle management efficiency of the public sector in a PPP. This research aims to examine the governance role of the public sector in PPP projects, and therefore evaluate their whole lifecycle management efficiency. An evaluation framework is developed through the lens of governmentality to evaluate the performance of the public sector. Multiple case studies on PPP infrastructure projects in China have identified loopholes during the whole lifecycle of a PPP at the local governmental level. On the basis of the findings of case studies, a conceptual model is proposed to demonstrate ways for the public sector to improve efficiency through integrated governance of PPP projects. The research findings benefit both the central government in terms of evaluation and decision making and the local government by improving their efficiency in PPP infrastructure projects for the purpose of achieving sustainability. According to the findings, policy strategies are provided for the central government on how to further regulate the PPP market and address the loopholes, including further standardizing regulations and instruction, providing unified quantitative calculation or measurement tools, training, and education for the public sector to integrate whole lifecycle project management, and quality control of consultancy for the PPP infrastructure projects.
21
Wang, Liguang, Asheem Shrestha, Wen Zhang, and Guangbin Wang. "Government Guarantee Decisions in PPP Wastewater Treatment Expansion Projects." Water 12, no. 12 (November 29, 2020): 3352. http://dx.doi.org/10.3390/w12123352.
Full textAbstract:
Public private partnership (PPP) models are often used in delivering wastewater treatment (WWT) projects. When existing PPP projects need expansion due to higher demand for WWT, in many cases, the expansion may involve a new PPP contract involving a new concessionaire. Expansion PPPs have unique challenges as the sharing of responsibilities and risks can become complex. The complexities are further exacerbated when there are government guarantees involved. Structuring inappropriate guarantees can often lead to high costs for the government. This study focused on the choice of government guarantee in PPP expansion projects in the WWT sector by examining two popular guarantee mechanisms: minimum revenue guarantee and exclusive right. A decision model was developed and applied in a real WWT expansion PPP project in China to illustrate the optimal guarantee under varying circumstances related to service demand, expected unit price, and the existing guarantees in the existing PPP project. The contribution of the study lies in the applicability of the model to facilitate better decisions for the government in selecting the optimal guarantee mechanism in PPP expansion projects.
22
Yao, De Li, Ze Chao Du, and Yang Hu. "Application of EFQM-Based Excellence Model in PPP Projects." Applied Mechanics and Materials 174-177 (May 2012): 2957–65. http://dx.doi.org/10.4028/www.scientific.net/amm.174-177.2957.
Full textAbstract:
Public Private Partnerships (PPP) is widely applied in worldwide infrastructure development. The performance of the PPP project company should be under monitoring of the public sector to ensure that the reasonable interests of the public users are not sacrificed. In this regard, a key issue is the qualitative and quantitative measurement of the services provided by the project company. This paper introduces the European Foundation for Quality Management (EFQM) based excellence model, which has been popularly used in enterprise management, into the PPP projects. Firstly, a comprehensive literature review is conducted, that, an EFQM Model is introduced and its advantages for PPP projects are analyzed. Then, the performance evaluation criteria are established and the performance indicators are identified for PPP projects based on literature review. Finally, a performance evaluation model for PPP projects in general is formulated based on the EFQM model.
23
Yang, Mingzhu, Haitao Chen, and Yongshun Xu. "Stakeholder-Associated Risks and Their Interactions in PPP Projects: Social Network Analysis of a Water Purification and Sewage Treatment Project in China." Advances in Civil Engineering 2020 (October 20, 2020): 1–14. http://dx.doi.org/10.1155/2020/8897196.
Full textAbstract:
As a result of complex contractual relationships, multiple stakeholders with different interests are involved in public-private partnership (PPP) projects. Compared to traditional models, PPP projects have more uncertainty. This study integrated stakeholders and risk factors in PPP projects from a network perspective to better determine how to control risks. Using social network analysis (SNA), a case study was conducted to identify the critical risk factors, and mitigation actions are proposed. The results indicated that, compared to other stakeholders, local governments play the most important role in PPP projects. Managers should therefore pay more attention to political and legal risk factors and develop reasonable risk-sharing plans. This study expands PPP risk research from the individual level to the network level and provides a visualized, innovative research paradigm for PPP risk analysis. The results can also be used by project managers for decision-making, risk management, and other processes, thus helping to achieve the sustainable management of PPP projects.
24
Zhu, Lei, and David Kim Huat Chua. "Identifying Critical Bankability Criteria for PPP Projects: The Case of China." Advances in Civil Engineering 2018 (October 17, 2018): 1–11. http://dx.doi.org/10.1155/2018/7860717.
Full textAbstract:
Public-private partnership (PPP) projects employ a high leverage in terms of debt finance needed by the private consortium. Debt finance providers need to know the bankability-related issues of PPP projects to make the timely arrangement of debt financing and avoid funding problems. However, there is still a lack of a systematic research on the bankability of PPP projects despite the worsening debt arrangement situation for PPP projects after the credit crisis and economic recession from 2008. To bridge this knowledge gap and enhance the practical debt arrangement of PPP projects, this study aims to identify and prioritize the critical bankability criteria of PPP projects. To achieve the objectives, 41 bankability-related criteria were first identified from a comprehensive literature. A structured questionnaire survey was then conducted with 31 industry experts in China who worked in financial institutes and had experienced PPP projects to investigate the relative importance of each criterion. To handle the uncertainty and vagueness of the subjective evaluation from surveys, this study analyzed the relative importance weight of each criterion using a proposed fuzzy analytical hierarchy process-based approach. The results showed that political environment, economic environment, shareholders’ credibility, financial market, legal system, public sector’s reliability, financial structure, and regulatory framework were ranked as the top eight critical bankability criteria. The findings of this study first contributed to the project finance body of knowledge for the bankability of PPP projects. Moreover, the outputs of this study would provide valuable information to the private and public sectors for formulating strategies on improving the bankability of PPP projects.
25
Sy, Do Tien, Veerasak Likhitruangsilp, Masamitsu Onishi, and Phong Thanh Nguyen. "IMPACTS OF RISK FACTORS ON THE PERFORMANCE OF PUBLIC-PRIVATE PARTNERSHIP TRANSPORTATION PROJECTS IN VIETNAM." ASEAN Engineering Journal 7, no. 2 (December 1, 2017): 30–52. http://dx.doi.org/10.11113/aej.v7.15520.
Full textAbstract:
The rapidly increasing demand and the inefficacy of financing transportation infrastructure project investments have contributed to various challenges for Vietnam in recent decades. Since the country’s budget is inadequate for investing in all necessary infrastructure projects, the Vietnam government has been inviting other economic sectors, especially the private sector, to participate in infrastructure development. The cooperation between the government agencies and the private entities, called PublicPrivate Partnership (PPP), must encounter various challenges leading to difficulties in attracting private investors. A main reason is that private investors must deal with critical risks concerning PPP investment environment. It is a challenging task for the government to optimally manage such risks to enhance the attractiveness of PPP projects for private investors. This paper examines the critical risk factors that influence the private sector’s investment decisions on PPP transportation projects in Vietnam. Risk factors inherent in typical PPP projects were compiled by comprehensive literature review. To reflect unique characteristics of PPP projects in Vietnam, the compiled risk factors were reviewed by a group of PPP experts from both the public and private sectors in Vietnam through indepth interviews and questionnaire surveys. In addition, ten PPP project case studies in Vietnam were analyzed to derive the risk profile of PPP transportation projects of the nation. These risk factors were quantitatively assessed based on their probabilities and impact levels. We found that the critical risk factors of PPP infrastructure projects in Vietnam are acquisition/compensation problems, approvals and permits, inadequate feasibility studies, finance market issues, subjective evaluation methods, and change in laws and regulations. By performing factor analysis, these critical risk factors were grouped into four categories: (1) bidding process, (2) finance issues, (3) laws and regulations, and (4) project evaluation issues. These critical risk factors represent the obstacles that repel private investors from PPP transportation projects in Vietnam. Thus, the Vietnam government agencies should meticulously address these issues to attract both domestic and foreign private investors in PPP projects.
26
AMMA, Masaaki. "PROJECT FINANCE IN JAPAN FOR PPP PROJECTS AND DESIGNING OF PPP." Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management) 75, no. 6 (2020): I_1—I_16. http://dx.doi.org/10.2208/jscejipm.75.6_i_1.
Full text
27
Moguchev, N. S., and A. F. Khuzina. "Features of the Institutional Environment of Public-Private Partnership in Russia: Regional Aspect." World of new economy 14, no. 4 (February 1, 2021): 56–66. http://dx.doi.org/10.26794/2220-6469-2020-14-4-56-66.
Full textAbstract:
In the current crisis economic conditions, the public-private partnership (PPP) mechanism can be used as one of the key ways to attract extra-budgetary sources of funds for the implementation of investment projects at the regional level. Despite the growing number of PPP projects in Russia, the presence of significant institutional constraints at the regional level hinder the further development of this mechanism. In particular, there is a lack of interconnection of PPP projects with long-term investment and state development programs at the regional level, low sectoral diversity of projects, high dependence of PPP projects on state financial institutions, and insufficient information support of regional PPP practices. The situation is aggravated by the lack of long-term money in the economy against the backdrop of limited private partners’ funds for the implementation of long-term PPP projects, as well as by existing legal restrictions. The practical purpose and scientific value of this article lie in the construction of a holistic and logical vision of solving the identified institutional problems of PPP development at the regional level.
28
Babatunde, Solomon Olusola, Srinath Perera, Lei Zhou, and Chika Udeaja. "Stakeholder perceptions on critical success factors for public-private partnership projects in Nigeria." Built Environment Project and Asset Management 6, no. 1 (February 1, 2016): 74–91. http://dx.doi.org/10.1108/bepam-11-2014-0061.
Full textAbstract:
Purpose – The purpose of this paper is to identify and assess the perceptions of stakeholders on critical success factors (CSFs) for Public Private Partnership (PPP) projects in Nigeria. Design/methodology/approach – A comprehensive literature review was conducted to identify the CSFs for PPP projects, which were employed to design a questionnaire survey. In order to capture a broad perception of stakeholders, the questionnaires were administered to five different stakeholder organisations involved in different PPP projects implementation in Nigeria. Data collected were analysed using descriptive statistics, mean score, Kruskal-Wallis test, analysis of variance (ANOVA), and factor analysis. Findings – The study revealed the result of mean score ranking, which indicated that all the stakeholders considered the identified 26 CSFs important and crucial for the successful implementation of PPP projects in Nigeria. Thus, the results of Kruskal-Wallis test and ANOVA indicated that except for six (out of 26) identified CSFs, there is no statistically significant difference in the perceptions of the stakeholders on CSFs for PPP projects in Nigeria. The study, through factor analysis, grouped the 26 identified CSFs into six principal factors. Practical implications – This research would be of benefit to stakeholders in PPPs to be aware of CSFs that demand utmost consideration. Also the identified CSFs are expected to enhance the success rate of PPP projects. Originality/value – The findings would be useful for PPP stakeholders in making decisions and in implementing PPP projects towards achieving value for money. This research will also be of interest to other academic researchers intending to investigate CSFs for PPP projects in other locations.
29
Zhao, Hui, Jingqi Zhang, and Yuanyuan Ge. "Operation mode selection of NIMBY facility Public Private Partnership projects." PLOS ONE 16, no. 7 (July 9, 2021): e0254046. http://dx.doi.org/10.1371/journal.pone.0254046.
Full textAbstract:
Construction of not in my back yard (NIMBY) facility Public Private Partnership (PPP) projects are feasible measures to realize sustainable urbanization. In order to ensure the smooth development of the NIMBY facility PPP projects, the problem of choosing the most suitable operation mode among many PPP modes is still scarce and unscientific. In order to select the operation mode of the PPP projects that best fits the characteristics of the project, this paper constructs the operation mode selection of the NIMBY facility PPP project. Firstly, the index system of operation mode selection of the NIMBY facility PPP project is determined. G1 subjective weighting method and information entropy objective weighting method are introduced to solve the optimal weight of each index. Grey correlation theory is used to improve TOPSIS method, and the calculation form of relative proximity degree is optimized to determine the most suitable operation mode for the project. In this paper, combined weighting and TOPSIS method are applied to the research of NIMBY facility PPP project, and the operation mode selection of NIMBY facility PPP project is established, which makes up the blank of this part. Finally, a PPP project in Qingdao, Shandong Province, China, is taken as an example to verify the applicability of the model. The effectiveness of this model was tested by comparing the results of TOPSIS method, Grey target model, Extended matter-element mode and GRA-TOPSIS. It is hoped to provide useful reference for the operation mode selection of NIMBY facility PPP project.
30
Zhang, Yanchun, Jianglin Gu, Ming Shan, Yazhi Xiao, and Amos Darko. "Investigating Private Sectors’ Behavioral Intention to Participate in PPP Projects: An Empirical Examination Based on the Theory of Planned Behavior." Sustainability 10, no. 8 (August 1, 2018): 2692. http://dx.doi.org/10.3390/su10082692.
Full textAbstract:
The active involvement of private sectors in Public-Private-Partnership (PPP) projects is critical for sustainable development of the PPP mode. While there have been many studies on PPP in the literature, limited research has been conducted to investigate the critical factors that affect the intention of the private sector to participate in PPP projects. To bridge the knowledge gap, this study proposed a theoretical model based upon the theory of planned behavior (TPB), and then tested it based upon empirical data collected from China. Partial least squares structural equation modeling (PLS-SEM) was employed in testing the model. Results indicated that “perceived behavioral control”, “governmental influence”, and “private sectors’ attitude toward PPP” were the three most significant latent variables affecting the intention of private sectors to participate in PPP projects; and “financial capability”, “full compliance with PPP contracts”, and “profitability” were the three most significant observable variables affecting the intention of the private sector. The research findings contribute to the body of knowledge about private sector involvement in PPP projects in a Chinese context, and also provide solid support for the government to issue relevant polices or undertake reforms to attract more private sectors to participate in the PPP projects.
31
Tieva, Antti, and Juha-Matti Junnonen. "PROACTIVE CONTRACTING IN FINNISH PPP PROJECTS." International Journal of Strategic Property Management 13, no. 3 (September 30, 2009): 219–28. http://dx.doi.org/10.3846/1648-715x.2009.13.219-228.
Full textAbstract:
Public‐private‐partnership projects are long term, complex and very challenging contractual arrangements and relationships. They bring new roles for public sector and also for private sector in terms of construction and services. This paper will go through some features of the Finnish PPPs. Proactive law focuses in practical views as regards contract law and contractual issues. The main target is to prevent problems instead of confronting them. This paper will clarify what proactive law is about in terms of contract law and contracting especially in PPPs. For instance, 20–40 years’ partnership relation with PPPs brings up also dozens of different risks into the picture. This paper will discuss the risks and risk management in terms of proactive law and after that, focus on PPPs in Finland. Santruka Viešojo ir privataus sektoriu partnerystes (VPP) projektai ‐ tai ilgalaikiai, sude tin gi ir itin daug pastangu reikalaujantys sutartiniai susitarimai ir santykiai. Ne tik viešajame, bet ir privačiajame sektoriuje jie sukuria naujus, su statyba ir paslaugomis susijusius, vaidmenis. Šiame darbe apžvelgiami kai kurie Suomijos VPP bruožai. Iniciatyvi teise glaudžiai susijusi su prak ti nemis pažiūromis, sutarčiu teise ir pan. Pagrindinis tikslas ‐ išvengti problemu užuot jas sprendus. Šiame darbe paaiškinama iniciatyvios teises esme sudarant sutartis, ypač VPP. Pavyzdžiui, kai VPP trunka 20–40 metu, susiduriama su daugybe ivairiu rizikos rūšiu. Todel straipsnyje pirmiausia aptariamos rizikos rūšys ir rizikos valdymo būdai taikant iniciatyvia teise, o po to ‐ Suomijos VPP.
32
Zimmermann, Josef, and Wolfgang Eber. "CONSIDERATION OF RISK IN PPP-PROJECTS." Business, Management and Education 12, no. 1 (June 30, 2014): 30–46. http://dx.doi.org/10.3846/bme.2014.03.
Full textAbstract:
Risk management has become a core competence for companies operating in construction services. In particular regarding Real Estate Development and Construction Management the fundamental knowledge and the dedicated ap- plication of risk assessment turn out to be critical. Construction Management deals with a multitude of local and temporal issues which are unknown or only given by statistical evaluation while conducting a unique construction project within a very tight frame of budget and time. Real Estate projects focus on the predictability of profitable operation for a fairly long period in advance and are therefore subject to many more and more voluminous uncertainties. With PPP-projects a more or less complete federal task is awarded to a private company. Its extent varies but com- prises at least design, construction and operation of a real estate project, e.g. a toll road, bridge, tunnel or other infrastructural object. Durations of such contracts of- ten extend to some 20 to 30 years. In this article the applicability of traditional means of risk management is inves- tigated for the use on PPP-projects and limits of risk consequences are pointed out. Finally we come to the conclusion, that the resulting unavertable risks tend to exceed every surcharge that could be successfully placed on a market.
33
Kumaraswamy, Mohan M., and Aaron M. Anvuur. "Selecting sustainable teams for PPP projects." Building and Environment 43, no. 6 (June 2008): 999–1009. http://dx.doi.org/10.1016/j.buildenv.2007.02.001.
Full text
34
Amadi, Chika, Pat Carrillo, and Martin Tuuli. "PPP projects: improvements in stakeholder management." Engineering, Construction and Architectural Management 27, no. 2 (September 19, 2019): 544–60. http://dx.doi.org/10.1108/ecam-07-2018-0289.
Full textAbstract:
Purpose The implementation of public–private partnerships (PPPs), particularly in low- and middle-income countries, has been hampered by external stakeholders’ opposition leading to the failure of several projects. The purpose of this paper is to develop a framework to improve external stakeholder management in PPP projects. Design/methodology/approach Two case studies consisting of 23 interviews with a wide range of internal and external stakeholders were employed. This was supplemented with a focus group approach to validate the framework. Findings A new framework for the management of external stakeholders is developed. It encompasses new features such as the dynamic identification of stakeholders at each project phase and their corresponding interests. Research limitations/implications The scope is road transportation projects in Nigeria and thus the recommendations may not be globally applicable. Practical implications The findings can help the public sector and their agencies to manage external stakeholders and maintain successful relationships on PPP projects. Originality/value The paper contributes to existing knowledge in four key areas: it confirms that the skill and actions of internal stakeholders are vital to the stakeholder management process; it shows that one-off stakeholder identification proposed in literature is a flawed approach; it proposes that the identification of external stakeholders’ interests be dynamic; and it adds the perspective of low- and middle-income countries in stakeholder management in PPP projects.
35
Mabuza, Patrick. "The Potential Role of PPPs in Developing a Sustainable SME Sector in Developing Countries: A South African Experience." Journal of Economics and Behavioral Studies 9, no. 6 (January 15, 2018): 67–89. http://dx.doi.org/10.22610/jebs.v9i6.2006.
Full textAbstract:
The introduction of Public-private Partnerships (PPPs) in infrastructure provision has changed the way in which governments around the world now view infrastructure provision. However, the introduction of PPPs to deliver infrastructure has not benefited the broader public. Although SMEs are important for employment creation, inequality and poverty reduction, the participation of SMEs (small and medium enterprises) in PPP projects is very low in developing countries. This is because PPP models in developing countries are developed based on those used in developed economies, and such models ignore the socioeconomic realities facing developing countries. The objective of this study is therefore to demonstrate that PPP projects in developing countries present an opportunity for growing the SME sector and create the needed jobs and contribute to poverty alleviation. The study has found that PPP projects have the potential to develop a sustainable SME sector, as it has found that SMEs do participate in PPP projects; however, their participation is curtailed by a number of challenges such as: lack of access to finance, limited human resources, low technological capabilities, and lack of access to markets. It also found that linking SMEs to PPP projects may address some of these challenges to a certain extent, especially if SMEs provide services to PPP projects during both the implementation and the operational phases of PPP projects. It also found that PPPs have not yet been identified by the South African government as one of the initiatives that can facilitate SME development. Most focus on PPP projects is only on ensuring that they include ownership by previously disadvantaged South Africans. The study recommends that a policy be developed that will incentivise PPP firms to use SMEs in their projects and penalise those PPP firms that fail to comply with the policy imperatives. It went on and found that the different South African government institutional initiatives or frameworks to support SMEs seem to be adequate; however, what is needed is a cohesive approach that links all these initiatives together and ensures that they support one another.
36
Mangu, Samhita, Thillai Rajan Annamalai, and Akash Deep. "Comparison of toll and annuity PPPs: a case study of highway projects in India." Built Environment Project and Asset Management 11, no. 1 (February 22, 2021): 103–20. http://dx.doi.org/10.1108/bepam-12-2019-0138.
Full textAbstract:
PurposeThe use of public–private partnership (PPP) approaches for developing infrastructure has been well recognized. The allocation of risk between public authority and private sector differs among the different types of PPP projects. The objective of the paper is to analyze the factors that influence the type of PPP and the performance of different types of PPP contracts.Design/methodology/approachA unique data set of 202 national highway PPP projects from India, comprising 154 toll and 48 annuity projects formed the basis of the study.FindingsThere are significant differences between toll and annuity PPP projects. The former are longer, are implemented in better developed states but are also characterized by higher cost over-runs. The latter are characterized by higher debt–equity ratio.Practical implicationsMitigating revenue risk can significantly enhance the debt capacity of the projects, thereby reducing the overall cost of capital. To make toll roads attractive for bidders, they have to be developed as longer stretches. Toll projects that are immediately ready for development at the time of award would reduce cost overruns of toll projects and sustain the interest of private developers.Originality/valueComparison of toll and annuity PPP road projects has never been done previously. The unique data set used in this study highlights the differences in characterization and performance for both the project types. The study provides evidence support to “intuition” and enables policymakers to choose the right form of PPP to realize their objectives.
37
Wang, Yan, Yujie Wang, Xiuyu Wu, and Jiwang Li. "Exploring the Risk Factors of Infrastructure PPP Projects for Sustainable Delivery: A Social Network Perspective." Sustainability 12, no. 10 (May 19, 2020): 4152. http://dx.doi.org/10.3390/su12104152.
Full textAbstract:
Due to the relatively long period and large capital flow of public-private partnership (PPP) projects, PPP participants are faced with a complex risk situation impeding the sustainable project delivery. In recent years, risk management of PPP projects has received increasing attention. In this paper, twenty risk factors associated with infrastructure PPP projects were identified by literature review and in-depth case studies. Relationship data for these twenty typical risk factors were obtained through structured interviews. Based on the obtained data, the risk relationship network within infrastructure PPP projects was identified, and the network structure characteristics were analyzed, including individual node attributes and the influence and cohesion of subgroups. The results indicate that key risk factor nodes can form a reaction chain via bridge nodes that can trigger a risk domino effect within PPP projects. Specifically, the key risk factors of PPP projects are divided into two categories, the first of which include risk factors that have powerful and independent influence, such as delay in government approval, government credit, and imperfect legal and regulatory systems. The second category includes risk factors that are highly vulnerable and easily influenced, such as completion risks, insufficient revenue in the market, and fee change. A key risk factor reaction chain is one in which legal change leads to a decline in government credit rating, triggering a contract risk. Twelve bridge nodes were identified that play an important intermediary role in the network, e.g., legal change, public objection, and financing risk. This paper extends the application of social network analysis in PPP projects management research and identifies the key risk factors and crucial factors influencing chain reactions in PPP projects. The results provide a more in-depth understanding of sustainable PPP project management for government agencies and private enterprises.
38
Zangoueinezhad, Abouzar, and Adel Azar. "How public-private partnership projects impact infrastructure industry for economic growth." International Journal of Social Economics 41, no. 10 (October 7, 2014): 994–1010. http://dx.doi.org/10.1108/ijse-04-2013-0083.
Full textAbstract:
Purpose – Public-private partnership (PPP) is mutually beneficial relationships that are formed between the public and private sectors. The private-sector partner typically makes a substantial equity investment, and in return the public sector gains access to new or improved services. When properly vetted and structured, PPP allocate risk to the party best suited to handle it. The purpose of this paper is to examine the relationship between the scale and nature of the PPP's contribution as a driver of the economic growth and gross domestic product (GDP). Design/methodology/approach – Using statistics causality modeling and relevant statistical techniques, the dynamic interactions and interdependencies over PPP and economic growth were addressed and quantified. Findings – Although PPP can free up government resources for other public priorities, three key factors enable PPP to stimulate a country's economic growth: the number of PPP projects under way, the value of PPP projects, and the ideal type of PPP contracts in use. Originality/value – The number, value, and type of PPP, combined with supportive policies, power economic growth. Governments with well-established and enforced policies against corruption, combined with low business transaction costs, a transparent legislative system, and exchange rate and monetary stability are far more attractive to the private sector.
39
Su, Bowen, and Qiliang Hu. "An empirical study on the key success factors of ppp-based PCA in the big data environment -- a case study of China." E3S Web of Conferences 214 (2020): 01010. http://dx.doi.org/10.1051/e3sconf/202021401010.
Full textAbstract:
Public-private partnerships (PPPS) are increasingly being used in the construction of public services such as infrastructure in China. In the process of PPP project implementation, there are successes and failures, and the key factors of success are not completely clear. In order to identify the key factors for the success of PPP projects in the big data environment, PCA analysis is used to solve the problem of how to identify the key factors for the success of PPP projects in the big data environment. By studying the big data of PPP project and relevant literature at home and abroad, 32 potential key factors for success were constructed. The key success factors of PPP project were analyzed by questionnaire survey and principal component analysis. The results show that the 32 key factors for success can be summarized into five categories: political and economic environment, project development and operation management, government support and participation, government credit and commitment, strength of stakeholders, and factors of project bidding and procurement. Among the five factors, the key factors for the success of PPP projects are the continuous optimization of PPP policies, the rational project risk sharing mechanism, the guarantee and commitment of the government, the integrity and stability of government personnel, the satisfaction of public interests, and the complete financial analysis. This PCA method effectively solves the key factors for the success of PPP projects in the big data environment, ensures the smooth implementation of PPP projects, and promotes the long-term development of PPP projects.
40
Zhang, Bo, Li Zhang, Jing Wu, and Shouqing Wang. "Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China." Sustainability 11, no. 23 (December 2, 2019): 6831. http://dx.doi.org/10.3390/su11236831.
Full textAbstract:
Local governments around mainland China initiated over 14,000 public–private partnership (PPP) projects with a total investment of 18 billion RMB in recent years, but nearly half have been withdrawn since the end of 2017, which raised wide concerns about whether PPP can contribute to the sustainable infrastructure development in urban China. In this study, we empirically investigated major factors affecting local governments’ PPP adoption, especially factors that led local governments to initiate inappropriate PPP projects. Based on a unique panel dataset of 286 Chinese cities between 2014 and 2017, the empirical findings suggested that local governments’ financial pressure was the most important factor and cities with higher off-budgetary debts or lower budgetary deficits tended to initiate more PPP projects. PPP projects initiated under off-budgetary burdens were more likely to be inappropriate and subsequently withdrawn. Based on the empirical results, we provide policy suggestions to promote sustainable PPP developments in China.
41
Tian, Jiawei, and Chuan Chen. "The whole life cycle model of China’s PPP water project: based on IDEF0 approach." E3S Web of Conferences 236 (2021): 04026. http://dx.doi.org/10.1051/e3sconf/202123604026.
Full textAbstract:
As a country with a large population and rapid development, the shortage of water resources is a serious challenge facing China. To meet the needs of domestic and industrial water, since the 1990s, China has begun to try to adopt the PPP delivery model in water projects. Compared with the traditional delivery mode, the PPP method includes the characteristics of high investment, many participants and long payback period. In order to better understand PPP, it is very important and meaningful to model the whole process of PPP project. Through literature review and case study, this paper established a whole life cycle model of China’s PPP water project, which is helpful to better analyze and manage the various processes in the PPP water projects, so as to enhance the operational quality of PPP water projects.
42
Dolla, Tharun, and Boeing Laishram. "Bundling in public–private partnership projects – a conceptual framework." International Journal of Productivity and Performance Management 69, no. 6 (November 22, 2019): 1177–203. http://dx.doi.org/10.1108/ijppm-02-2019-0086.
Full textAbstract:
Purpose The performance of public–private partnership (PPP) projects depends on how the project has been structured. The traditional PPP option analysis for structuring project scope and size relating to the bundling of functions concerning a single component of the value chain will need to be extended to handle multi-component sectors such as municipal solid waste (MSW) in formulating the project scope. This analysis is currently missing in the extant literature. The paper aims to discuss these issues. Design/methodology/approach Through a comprehensive literature review as the methodological backbone, this study develops a testable holistic framework for the procurement of MSW PPP projects that examines how various factors of bundling affect the performance of the PPP projects. Findings Using transaction cost economics, agency and auction theories, the review identifies that innovation, maturity, quality specifiability, scope, competition, information asymmetries and transaction attributes have a significant influence on the performance and success of the PPP projects. Research limitations/implications Alternative supply chain management possibilities and firm-level organisational ways can be predicted using this framework to strategize the solutions for the municipal infrastructure. Based on this contribution, future research can test the framework to increase the knowledge of bundling theory about how to structure network infrastructure PPP projects. Originality/value Studies on how to bundle/unbundle the projects having components of the value chain are in a nascent stage. The present study attempts to extend the body of knowledge on PPP to the complexity of bundling both the functions and components of the value chain in structuring the PPP project scope.
43
Ameyaw, Ernest Effah, and Albert P. C. Chan. "Risk ranking and analysis in PPP water supply infrastructure projects." Facilities 33, no. 7/8 (May 5, 2015): 428–53. http://dx.doi.org/10.1108/f-12-2013-0091.
Full textAbstract:
Purpose – This paper aims to identify and evaluate the most significant risk factors that strongly affect the implementation of public–private partnership (PPP) water supply projects. PPP for water supply infrastructure services has seen continued growth over the past two decades, following public sector’s budgetary constraints and inability to provide infrastructure-based water services efficiently and cost effectively. However, these projects are often subjected to major risks leading to failures. Design/methodology/approach – Following extensive literature review and case study analyses, an international questionnaire survey was conducted with practicing and experienced PPP experts to establish the significant risks in PPP water projects. Both the probability of occurrence and severity of 40 risks were evaluated by the expert panel to determine their significance and impact on water projects procured under the PPP arrangement. Findings – The paper presents a derived risk factor list, ranks the factors and describes the “top-ranked” risk factors as: poor contract design, water pricing and tariff review uncertainty, political interference, public resistance to PPP, construction time and cost overrun, non-payment of bills, lack of PPP experience, financing risk, faulty demand forecasting, high operational costs and conflict between partners. Originality/value – This factor list broadens PPP stakeholders’ view of important project risks, rather than relying on culture-dependent studies – an area that has received less attention in PPP risk management research. The identified risk factors would provide governments and investors a useful tool in implementing constructive water PPPs by facilitating the development of risk mitigation strategies, particularly for developing countries with poor risk management practices.
44
OSEI-KYEI, Robert, and Albert P. C. CHAN. "STAKEHOLDERS’ PERSPECTIVES ON THE SUCCESS CRITERIA FOR PUBLIC-PRIVATE PARTNERSHIP PROJECTS." International Journal of Strategic Property Management 22, no. 2 (March 23, 2018): 131–42. http://dx.doi.org/10.3846/ijspm.2018.444.
Full textAbstract:
Given the complexity and wide stakeholder interests in public-private partnership (PPP) projects, different parties have different expectations and definitions of PPP project success. This paper explores the perceptual differences on the success criteria for PPP projects among PPP stakeholders. A questionnaire survey was conducted with targeted international PPP experts from the academic, public and private sectors. The research findings show that each stakeholder group considers effective risk management as the most critical success criterion. Moreover, the public and private sectors consider meeting output specifications as the second most critical criteria, whereas the academic sector considers satisfying the need for public facility/service. Further analysis using non parametric tests shows significant differences on the ranking of the criterion, “satisfying the need for public facility/service” between the public and private sectors and between academic and private sectors. These research outputs provide significant insights into how PPP projects’ success is evaluated by various PPP stakeholders.
45
Sanni, Afeez Olalekan. "Factors determining the success of public private partnership projects in Nigeria." Construction Economics and Building 16, no. 2 (June 13, 2016): 42–55. http://dx.doi.org/10.5130/ajceb.v16i2.4828.
Full textAbstract:
The implementation of public private partnership (PPP) procurement method is expected to help governments in the development of infrastructures and provides an opportunity for the reduction in the governments’ debt profiles. This method has been adopted in Nigeria for more than a decade and with these years of implementation, few infrastructural projects have been developed using this method while some have been unsuccessful. This study aims to examine the PPP projects implementation in Nigeria and identify the most critical factors that could determine the success of such projects. A total of 184 questionnaires were received from public and private sectors’ participants in the implementation of PPP projects. An exploratory factor analysis identified seven critical success factors as projects feedback, leadership focus, risk allocation and economic policy, good governance and political support, short construction period, favourable socio-economic factors, and delivering publicly needed service. This study shows that more developmental projects could be delivered through PPP if the government could focus on these main factors in the implementation process. The result will influence policy development towards PPP and guide the partners in the development of PPP projects.
46
Hu, Zhen, Shu Chen, and Xueqing Zhang. "Value for money and its influential factors: an empirical study of PPP projects in Japan." Built Environment Project and Asset Management 4, no. 2 (May 7, 2014): 166–79. http://dx.doi.org/10.1108/bepam-12-2012-0055.
Full textAbstract:
Purpose – The purpose of this paper is to study the key influential factors and their impacts on the value for money (VFM) of projects developed through public-private partnerships (PPPs) with an objective to improve the VFM assessment of PPP projects. Design/methodology/approach – This paper has studied the key influential factors and their impacts on VFM of projects developed through PPPs with an objective to improve the VFM assessment of PPP projects. Findings – There are large variations in the VFM of PPP projects in many countries due to a number of factors affecting the setting and attainment of the VFM. This paper has identified the key factors that influence the VFM in PPP projects in Japan and evaluated their impacts on the VFM. Originality/value – Outputs of this study would provide some insights on the improvement in the VFM assessment of PPP projects, in terms of determining a suitable VFM for a particular PPP project in accordance with its specific operational environment, balancing the interests of both public and private sectors, and promoting the participation of the private sector in the timely provision of necessary public works and services.
47
Agamagomedova, E. V. "Risk Assessment of Public-Private Partnership Projects Using SMART Financing." Economics and Management 26, no. 8 (September 27, 2020): 901–11. http://dx.doi.org/10.35854/1998-1627-2020-8-901-911.
Full textAbstract:
Risk assessment is one of the main tools used in the implementation of public-private partnership (PPP) projects in any economic sector. Risk analysis is necessary for the formation of a resource-efficient system of distribution and risk management, i.e. a SMART system.Aim. The presented study aims to develop and test a risk assessment methodology for PPP projects based on the concept of SMART financing.Tasks. The authors formulate a criteria framework for the formation of PPP projects using the concept of SMART financing, develop a risk assessment methodology, and conduct applied research based on one of economic sectors.Methods. This study is based on the systematization of publications of Russian and foreign economists on the problem of forming public-private partnership projects using risk management tools, statisti cal and economic-mathematical methods for analyzing the economic indicators of the selected sector and the living standards in the regions of the Central Federal District (CFD), and a comprehensive approach to assessing the risks of PPP projects using SMART financing.Results. A criteria framework for the formation of PPP projects using the concept of SMART financing and a methodology for assessing the risks of PPP projects in the housing and utilities sector using the concept of SMART financing are developed.Conclusions. The practical significance of the study consists in the development of a methodology for assessing the risks of PPP projects using the concept of SMART financing, which is based on the principle of point distribution of financial resources based on risk assessment. This will make it possible to prioritize the distribution of financial resources in the implementation of PPP projects.
48
Fuya, Cai, Mo Jiaxin, Xie Lizi, and Ye Hao. "Research on Performance Management of PPP Project in China." Research in Economics and Management 6, no. 1 (February 17, 2021): p96. http://dx.doi.org/10.22158/rem.v6n1p96.
Full textAbstract:
PPP (Public-Private Partnership) project performance management refers to the project management activities such as performance targets and indicators management, performance monitoring, performance evaluation and result application in the whole life cycle of PPP project. At present, under the background that most PPP projects have started, constructed and operated one after another, strengthening the performance management of PPP projects has become the focus of attention of all parties. This paper sorts out the general situation of PPP project performance evaluation management based on questionnaires and expert interviews, discusses and analyzes the key points of PPP project overall performance, success factors, problems in project implementation, clearing out of library, application of performance evaluation results, and future development trend, and puts forward opinions and suggestions to guide all parties to standardize the implementation of PPP projects in the next step.
49
Mwesigwa, Rogers, Ruth Nabwami, Joseph Mayengo, and Gonzaga Basulira. "Contractual completeness as a cornerstone to stakeholder management in public private partnership projects in Uganda." Built Environment Project and Asset Management 10, no. 3 (June 4, 2020): 469–84. http://dx.doi.org/10.1108/bepam-09-2019-0083.
Full textAbstract:
PurposeThe purpose of this study is to examine whether contractual completeness is a cornerstone to stakeholder management in Public–Private Partnership (PPP) projects in Uganda.Design/methodology/approachThis study adopted a cross-sectional and quantitative approach. Data were collected by means of a questionnaire survey from a sample of 103 PPP projects in Uganda. Partial Least squares structural equation modeling was used to analyze the data.FindingsThe study found that contractual completeness dimensions (contractual obligatoriness, contingency adaptability, issue inclusiveness, term specificity) are all significantly and positively associated with stakeholder management in PPP projects in Uganda.Originality/valueThis paper is one of the few studies on stakeholder management in PPP projects from a developing country’s perspective, thus contributing to scanty literature on how to manage stakeholders in PPP projects.Research limitations/implicationsThis paper is limited to the relationship between contract completeness dimensions and stakeholder management in PPP projects in Uganda. Future studies should be conducted on other factors that affect stakeholder management in PPP projects in Uganda.Practical implicationsOur results imply that when all the relevant issues are included in the contract, contract terms are explicitly stipulated, all the unanticipated changes are described and when all the parties involved are restrained by a binding force of a contract, conflicts and opportunism reduces and stakeholders concerns are addressed.
50
Rudžianskaitė–Kvaraciejienė, Rūta, Rasa Apanavičienė, and Adas Gelžinis. "MODELLING THE EFFECTIVENESS OF PPP ROAD INFRASTRUCTURE PROJECTS BY APPLYING RANDOM FORESTS." Journal of Civil Engineering and Management 21, no. 3 (February 26, 2015): 290–99. http://dx.doi.org/10.3846/13923730.2014.971129.
Full textAbstract:
Transport sector is very important for development of local economies, so it is intensively studied in different countries. Road infrastructure construction projects in many European countries are mainly carried out through various forms of Public–Private Partnership (PPP). Financial evaluation, private partner selection criteria, technical characteristics and very important focus of sustainable development components (environmental, social and economic) of PPP road infrastructure development projects are widely analysed in the scientific literature. Although many research studies were published for PPP road infrastructure projects efficiency assessment from different aspects, there have not been created assessment methodology with all key areas incorporated altogether. The authors provide an integrated PPP road infrastructure projects effectiveness modelling methodology by applying Random Forest technique. The developed methodology is recommended to be applied for PPP road infrastructure projects effectiveness prediction from the private and public sector perspectives.