Identify Current Deficiencies in Public Private Partnership Practices and Areas which Resist PPP Being an Attractive Investment Model in Infrastructure Developments – Case Study from Sri Lanka (original) (raw)
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Demystifying Issues Regarding Public Private Partnerships (PPP).
Journal of Economics and Sustainable Development, 2016
Public-private sector collaboration is an evolving concept which takes many forms around the world, and it is essentially an arrangement by which private entrepreneurs provide support for the provision of public infrastructure. This study explored the collaborative framework of the public-private partnership (PPP) as a change process, highlighted basic characteristics, benefits, key principles of PPPs and its success path; it also clarify the structure, process and delivery system of joint-venture (JV) PPPs and the concession PPPs; while also identifying categories of projects that can benefit from the use of the PPP. It revealed successful attempts by central governments in financing new infrastructure projects through private sector participation due to the paucity of funds while facilitating innovation in infrastructure development. Joint-ventures PPPs which involves the incorporation of a company where the public actor is both the regulator and a shareholder in the joint operating company; it also involves the sharing of the attendant revenues, benefits/loss, and costs but despite been of local value is described as the true PPP. Concession PPP, however, is of national value and involves the transfer of risks to parties most suitable in managing it but the project financing is the sole responsibility of the private actor.
Civil Engineering Journal, 2019
Shortage in funds after the declining in oil prices since 2014, made Iraq government encourage private sector engagement in financing infrastructure projects through PPP. However, private sector reluctance was notable. Therefore, this research is conducted to assess if Iraq is a supportive environment for PPP projects development. 25 risk factors of PPP projects have been listed and organized within a questionnaire that was conducted with a participation of 98 respondents from public, private institutions and academics. Means comparison was used to rank and identify respondent agreement on assessing the level of importance of these risk factors, also nonparametric tests were used. Findings indicated that all respondents groups have agreed on ranking corruption on the top of barriers that government should deal with to ensure the success of PPP projects. Afterward scarcity of private funds came in the first place followed by insufficient public administration processes and then by t...
Public Private Partnership PPP as a Mechanism to Improve the Infrastructure Needs of Countries
Handbook of Research on Global Challenges for Improving Public Services and Government Operations. Editors: Akman, E., Babaoglu, C. and Kulac, O. Hershey, USA: IGI Global Publications., 2021
The public-private partnership (PPP) model has been increasingly popular in recent decades as a mechanism to support infrastructure related investment activity. PPPs creates many advantages for countries such as releasing from financial burden of high cost infrastructure investments, bringing high quality of public service and increasing efficiency of operations through transfer of private sector expertise. However, these benefits are not guaranteed for every PPP project since successful implementations are subject to several factors. This chapter aims to review the different aspects of PPPs in detail and examine the factors which play crucial roles for successful PPP implementation.
10th World Construction Symposium, 2022
To gain economic advantages in the competitive world, governments tend to adopt new financing methods in construction projects. Accordingly, Public-Private Partnership (PPP) projects are a popular choice mainly due to the reduction in transaction cost and innovation. PPP projects have spread from the typical use on infrastructure projects such as airports, roads, railways, ports, and water sanitation to the more recent use for projects in the higher education sector such as universities and colleges. Thus, adopting PPP for the higher education sector related construction projects in Sri Lanka is vital to consider. Accordingly, this research aims to observe the Critical Success Factors (CSF) for the successful delivery of PPP projects in the construction projects of the higher education sector in Sri Lanka. A comprehensive literature review was first conducted to identify the CSFs of PPP in higher education construction projects and 22 CSFs were identified. The survey method was used under quantitative phenomenon since this research required evaluating the identified CSFs. The identified factors were evaluated through a questionnaire survey, which was conducted among the 30 selected professionals who are aware on PPPs, such as Quantity Surveyors, Project Managers, Government Professionals, and Academic Professionals. As the key findings derived through analysis, "communication between parties", "transparency in the procurement process", financial capability and support", "project technical feasibility" and "appropriate risk allocation and risk-sharing" were determined as the top five CSFs for PPP projects in the higher education sector related construction projects in Sri Lanka. Furthermore, strategies were also proposed to ensure the successful implementation of CSFs in the higher education sector in Sri Lanka.
Corporate Governance and Organizational Behavior Review
Public-private partnerships (PPP) are likely to emerge as a new model for improved infrastructure development in developing countries. Scrutinizing the possibility of adopting the PPP model in addressing infrastructure challenges is the main objective of this paper. The study identifies the critical success factors for PPP project implementation based on the case of an emerging country. Qualitative research was used in this study. The target population in this study is a group of experts who are currently involved in infrastructure planning, development and policy making. The research concludes that lack of political will and government’s failure to develop policies to support PPPs are a major problem for this issue in developing countries. The research indicates the relevance and immediate necessity for governments of developing countries to develop a transparent and consistent policy and legal structure on PPPs to attract and promote private sector involvement in infrastructure pr...
Cib TG72 /Arcom Doctoral Research Workshop on Public Private Partnerships
In many developed and developing countries there has been a move toward increased reliance on Public Private Partnerships (PPPs) for infrastructure development. This involves an engagement with, or participation of, private companies and the public sector in the financing and provision of infrastructure. In most countries these PPP arrangements have been aimed at overcoming broad public sector constraints in relation to either a lack of public capital; and/or a lack of public sector capacity, resources and specialised expertise to develop, manage, and operate infrastructure assets. Public Private Partnerships are now commonly used to accelerate economic growth, development and infrastructure delivery and to achieve quality service delivery and good governance. The spectrum of nature and types of public private partnerships (PPPs) are overwhelming, making a definition of a PPP difficult. In addition, there have been tremendous developments in the use of PPP in many countries that has...
An Analysis of Public Private Partnership (PPP) Policies in South Asia
South Asia comprises of eight countries that includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It is the most populous and backward region in different world indicators. The region is rich in human and material resources but is not capable in eradicating poverty, malnutrition, hunger, illiteracy, unemployment, gender imbalance and rural-urban disparities. It faces shortage of basic needs like healthcare, education, safe drinking water and sanitation as the government have limited budgetary amount. There is also shortage of private partners due non-liberal policy and monopoly of government sectors. To harness the potential of private sectors, PPP has been widely recognized and gaining ground in the recent past for all round development of South Asia. In this paper, an analysis has been made about PPP policies for infrastructure development in South Asia. After a brief introduction, the initiative taken by South Asian countries in framing PPP policies and guidelines and an analysis of PPP policies have been discussed.
International Journal of Construction Management, 2011
There are few Public Private Partnership (PPP) projects in the UAE, but the number is increasing. Recently government and public bodies have increased their interest in PPP to encourage more involvement of the private sector in the country development. The aim of the research is to evaluate the UAE experience in using PPP projects focusing on the critical success and failure factors for PPP in the UAE. Three case studies were examined to identify the critical success factors and the failure factors. The results have shown that political support is the most important success factor followed by having a strong private consortium. The most important factor that causes PPP projects to fail in this context is when the consortium lacks the appropriate knowledge and skills. Hence, private consortia need to ensure that they assemble the relevant skills and knowledge of how to set up and manage a PPP as well as the crucial knowledge pertaining to the local business environment and political drivers.
Evaluation of Public Private Partnership in Infrastructure Projects
Public Private Partnership (PPP) has over the years proven to be a good procurement method for infrastructure projects. This partnership combines the efficiency, expertise, and innovation of the private sector as well as appropriate risk allocation. PPP provides an alternate avenue for capital needed for major engineering projects. The objectives of this paper are to: highlight the effectiveness of implementing PPP by looking at past experiences in infrastructure projects, to investigate the conditions under which PPP is appropriate and to identify the benefits, success and difficulties of PPP. The results of this paper show that most experts in the infrastructure industry are aware of the effectiveness of PPP but are unable to determine how to maximize its success. This paper further identifies the various factors needed for a successful PPP, such as risk allocation, and a good partnering plan for a successful execution of the project.