scholarly journals Determining critical risk factors affecting public‐private partnership waste‐to‐energy incineration projects in China

2020 ◽  
Vol 8 (4) ◽  
pp. 1181-1193 ◽  
Author(s):  
Caiyun Cui ◽  
Chenjunyan Sun ◽  
Yong Liu ◽  
Xiaoyan Jiang ◽  
Qing Chen
Keyword(s):  
Risk Factors ◽  
Public Private Partnership ◽  
Waste To Energy ◽  
Private Partnership ◽  
Factors Affecting

scholarly journals Developing an AHP Risk Assessment Model for PPP Projects in Jordan

2021 ◽  
Author(s):  
Maram Almuhisen ◽  
◽  
Hüseyin Gökçekuş ◽  
Tahir Çelik ◽  
◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Success Factors ◽  
Quantitative Model ◽  
Public Private Partnership ◽  
Assessment Model ◽  
Study Phase ◽  
Private Partnership ◽  
Factors Affecting ◽  
Goods And Services

For the Jordanian government, meeting the growing demand for goods and services on its own is very difficult, leading to the increased dependence on other sectors of society. This research is aimed at understanding the critical success factors of local public-private partnership projects, identifying the most vital risk factors affecting projects, and establishing a quantitative model for risk assessment. The model can assist public-private partnership contributors by transforming the basic risk assessment principles into a more facilitated and systematic arithmetical based approach. The results showed that the risk factors with the highest ranks (respectively) are transfer phase, organizational risks, financing phase, project management risks, and feasibility study phase. The research is ultimately aimed at developing a framework for the risk evaluation of public-private partnerships within the construction industry in Jordan.

scholarly journals The attractiveness of public-private partnership for road projects in India

2022 ◽  
Vol 7 (2) ◽  
pp. 111-120 ◽  
Author(s):  
Mohammed Shakil Malek ◽  
Laxmansinh Zala
Keyword(s):  
Development Stage ◽  
Public Private Partnership ◽  
Public And Private ◽  
Private Partnership ◽  
Factors Affecting ◽  
The Public ◽  
The Road ◽  
Road Projects ◽  
Net Benefits ◽  
Descriptive Statistical Analysis

The objective of this paper was to have a study on the perceptions of stakeholders of Public-Private Partnership (PPP) projects for factors affecting the attractiveness of road projects in India. A questionnaire survey was conducted among major PPP project participants of Indian PPP road projects. Fifteen attractive factors were shortlisted through a literature survey for designing the questionnaire. Collected data was analyzed with factor analysis and descriptive statistical analysis. The findings resulted in three components: effectiveness of the private sector, effective time and cost management, and the public sector’s economic benefit. Eight factors were identified as highly affecting the attractiveness of PPP in Indian road projects. PPP provides ample diversity of net benefits to both the public and private sectors. During the project development stage, both sectors have to formulate decisions based on appropriate assessment criteria. Therefore, the reflection of attractive factors will assist the public-sector to select PPP in the road sector. It also helps to establish the strategy for road projects using PPP.

Risk assessment in public-private partnership infrastructure projects

2017 ◽  
Vol 17 (2) ◽  
pp. 204-223 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Risk Factors ◽  
Hong Kong ◽  
Significant Risk ◽  
Developed Countries ◽  
Public Private Partnership ◽  
Cost Overruns ◽  
Private Partnership ◽  
Content Type ◽  
Project Completion ◽  
Rate Fluctuation

Purpose The purpose of this paper is to empirically compare the risk factors in public-private partnership (PPP) projects in developing and developed countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A structured questionnaire survey was conducted with PPP practitioners in Ghana and Hong Kong. In total, 103 valid responses were received for analysis. Kendall’s coefficient of concordance and mean ranking were used for data analysis. Findings The results show that respondents from Ghana ranked country risk factors higher, whereas their Hong Kong counterparts ranked project-specific risks higher. The top five significant risks in Ghana are corruption, inflation rate fluctuation, exchange rate fluctuation, delay in project completion and interest rate fluctuation. In Hong Kong, the top five significant risk factors are delay in land acquisition, operational cost overruns, construction cost overruns, delay in project completion and political interference. Originality/value The results of the study inform international investors of the appropriate risk mitigation measures and preventive actions to use when engaging in PPP arrangements in any part of the world. Further, governments who are yet to use the PPP concept would be informed of the prevailing risk factors in other neighbouring countries (i.e. developing or developed countries).

Identifying Project Factors That Affect an Investor’s Escalation of Commitment in Public-Private Partnership Projects

2019 ◽  
Vol 50 (6) ◽  
pp. 686-698
Author(s):  
Jiaqi Liu ◽  
Jicai Liu ◽  
Ruolan Gao ◽  
Huaizhu Oliver Gao ◽  
Yahui Li
Keyword(s):  
Factor Analysis ◽  
Economic Benefit ◽  
Public Private Partnership ◽  
Escalation Of Commitment ◽  
Private Partnership ◽  
Factors Affecting ◽  
Weight Analysis ◽  
Project Uncertainty ◽  
Degree Of Participation ◽  
Reward And Punishment

The study comprehensively discusses 18 project factors affecting investors’ escalation of commitment (EOC) in a public-private partnership (PPP) project. Using factor analysis, five factor groupings were addressed: the project information and economic benefit, the reward and punishment mechanisms, project uncertainty, the degree of participation and completeness, and the resources invested in the project. The results revealed that the influence of five grouping factors on investor’s EOC is not independent; after performing the weight analysis, the 18 factors had different influences on EOC. These findings offer effective suggestions and theoretical guidelines for reducing the risk of investor EOC.

scholarly journals Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China

2019 ◽  
Vol 11 (23) ◽  
pp. 6831 ◽  
Author(s):  
Bo Zhang ◽  
Li Zhang ◽  
Jing Wu ◽  
Shouqing Wang
Keyword(s):  
Local Governments ◽  
Mainland China ◽  
Public Private Partnership ◽  
Urban China ◽  
Infrastructure Development ◽  
Sustainable Infrastructure ◽  
Private Partnership ◽  
Factors Affecting ◽  
Financial Pressure ◽  
Major Factors

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.

scholarly journals USING FUZZY ANALYTIC NETWORK PROCESS AND ISM METHODS FOR RISK ASSESSMENT OF PUBLIC-PRIVATE PARTNERSHIP: A CHINA PERSPECTIVE

2019 ◽  
Vol 25 (2) ◽  
pp. 168-183 ◽  
Author(s):  
Yan Li ◽  
Xinyu Wang
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Assessment Tool ◽  
Analytic Network Process ◽  
Interest Rate Risk ◽  
Public Private Partnership ◽  
Interpretive Structural Modeling ◽  
Private Partnership ◽  
Network Process ◽  
Fuzzy Analytic Network Process

The public-private partnership (PPP) has been adopted globally to meet intensifying demands for public facilities and services. However, PPP projects contain a variety of risks which may lead to project failure. Many researchers have explored risk factors associated with PPP projects in developing countries. However, these investigations have limited their aim to understanding risk impact without considering the interactions of these factors. Hence, to fill this gap, this study proposes a risk assessment method, addressing vital interrelationships and interdependencies. Two methodologies, fuzzy analytic network process (F-ANP) and interpretive structural modeling (ISM), were applied to avoid vagueness and data inaccuracies. The primary contributions of this paper were considering the relationships among risk factors and risk priority; and offering a risk analysis approach based on linguistic scales and fuzzy numbers to reflect different neutral, optimistic and pessimistic viewpoints from expert respondents’ judgments. Results from this analysis showed that legal and policy risk was the most influential and interdependent risk, and interest rate risk was the most essential risk in Chinese PPP projects. The ISM structure diagram demonstrated that most of 35 identified risk factors had high driving and dependence power. This study proposed a systematic and practical method to identify and assess PPP risk factors, utilizing an integrated approach consisting of F-ANP and ISM, which has not been used for risk assessment in the construction field. This paper provides a new risk assessment tool and a basis for risk management strategies in the construction engineering and management field.

Sign in / Sign up

Export Citation Format

Share Document