Considerable Issues for Sustainable Public-Private Partnership (PPP) Project (original) (raw)
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Improving Sustainability Performance for Public-Private-Partnership (PPP) Projects
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Improving sustainability performance in developing infrastructure projects is an important strategy for pursuing the mission of sustainable development. In recent years, the business model of public-private-partnership (PPP) is promoted as an effective approach in developing infrastructure projects. It is considered that the distribution of the contribution on project investment between private and public sectors is one of the key variables affecting sustainability performance of PPP-type projects. This paper examines the impacts of the contribution distribution between public and private sectors on project sustainability performance. A model named the sustainability performance-based evaluation model (SPbEM) is developed for assisting the assessment of the level of sustainability performance of PPP projects. The study examines the possibility of achieving better sustainability through proper arrangement of the investment distribution between the two primary sectors in developing PPP-type infrastructure projects.
Journal of social research development, 2022
Sustainable public-private partnership project performance is great challenge for project management domain. This study aims to investigate relationship between critical success factors for public-private partnership & sustainable public-private partnership project performance. CSF theory has been used to evaluate relationship. Quantitative approach has been used to determine the link between the study variables. Cross-sectional data with a primary method for data collection is used. An adapted questionnaire is used to get the data. The correlation analysis between study variables provides empirical evidence about the significant relationship between CSFs and sustainable PPP project performance. The results therefore provide significant information in deciding about the desired relationship and reaching the conclusion. The study results can be used by researchers and policymakers for the sustainable PPP projects performance and based upon the relationship strength CSFs can be accorded preferences.
Feasibility study of public-private partnership
International Journal of Strategic Property Management, 2011
Public-private partnership may cover various forms of partnership, viz. as the property of the private sector in the state of municipal activities or information and consultations between the public and private sectors, also as an unconventional method of public procurement when the public and private sectors enter into a long-term contract on the establishment of public infrastructure or the provision of public services. The most important thing in implementing PPP projects is to properly draw up the contract between the public and private partners, which should explicitly state all terms and conditions, undertakings and liabilities, evaluate risks, determine the payment mechanism and dispute settlement procedure, etc. In order to reduce any risk associated with such projects, a proper legal framework should be developed, which would provide liabilities and undertakings of both parties of the project (the private and public sectors), and more information should be disbursed as to h...
International Journal of Project Management, 2015
The Critical Success Factors for Public-Private Partnership is a major research interest worldwide therefore this paper aims to methodically review studies on the CSFs for implementing PPP from some selected top tier academic journals from 1990 to 2013 (years inclusive). The search results indicated an increased research interest in the exploration of PPP CSFs since 1990. The mostly identified CSFs are risk allocation and sharing, strong private consortium, political support, community/public support and transparent procurement. It was further noticed that Australia, the U.K., China and Hong Kong have been the countries of focus for most research studies on PPP CSFs. Finally the research approaches adopted are case study, questionnaire survey and mixed methods. The findings revealed provide an overview of CSFs for PPPs in order to enhance future implementations. Moreover a checklist of CSFs for PPPs has been developed, which could be adopted for further empirical studies.
Malaysian experience with public-private partnership (PPP)
Built Environment Project and Asset Management, 2016
Purpose Lack of competition in procurement processes may affect the sustainable procurement due to overpriced and low-quality infrastructure. The purpose of this paper is to investigate the current practices in Malaysian public-private partnership (PPP) in handling unsolicited proposals within PPP and to suggest ways in which the practices can be improved to achieve sustainability. Design/methodology/approach Case study was conducted within which 13 semi-structured interviews were carried out with different groups: the policy makers, the practitioners and the experts. The study also scrutinised published guidelines and relevant regulations used by in management of unsolicited proposals in Malaysian PPP. Findings The Government of Malaysia welcomes unsolicited proposals from the private sector, even though it does not publish any established mechanisms to handle such proposals. Lack of competition in unsolicited proposals is a major concern in achieving sustainable goals of procureme...
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.
WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS, 2021
The economic transition from a market to a social model requires a review of the role of the state and representatives of business structures in the economic system. Various forms of their interaction are becoming increasingly important, the main of which are public-private partnerships aimed at financing, formation, and implementing socially important projects. The purpose of the study is to analyze and evaluate the parameters of interaction between the state and the private sector in terms of improving the socio-economic partnership based on the provisions of the concept of public-private partnership (PPP). To achieve the goal were used such methods: analysis and synthesis; formalization and grouping; systematization and logical abstraction. The practice of the Public-Private Partnership Center of the Republic of the Philippines shows that the rational use of social partnership financial instruments will allow the state to reduce the budget burden, ensure infrastructure developmen...
Green Public-Private Partnerships (PPPs) as an Instrument for Sustainable Development
Journal of World Economy: Transformations & Transitions
The purpose of this paper is to analyse green Public-Private Partnerships (PPPs) as an instrument to contribute to sustainable development. The research of the green PPPs in their international context and the innovative mechanisms for their financial support and implementation is made through a review of their role in the global sustainable development agenda and the policy of the European Union as well as a survey of several case studies. The conceptual framework contains the theoretical background of green PPPs as innovative investment solutions, and the discussion of the results is presented afterwards. The author gives recommendations for overcoming the challenges of the green economy, especially the perception of the collaboration between the private and public sectors in accomplishing the Sustainable Development Goals (SDGs). Particular attention is paid to the new dimensions of cooperation as one of the key factors for achieving better socio-economic and environmental condit...
A review of public-private partnership: critical factors of concession period
Purpose – The purpose of this paper is to investigate the critical decision factors of public–private partnership (PPP) concession which is complex due to a number of uncertain and random variables. To identify critical factors contributing to determination of concession period, this study reviews the published literature. It also identifies countries contributing most in PPP research. As a whole, it provides a mutually beneficial scenario by formulating a decision-making matrix. Design/methodology/approach – This paper reviews the literature published during the period 2005-2015. A two-staged methodology is followed on retrieved scholarly papers: first, countries contributing to PPP are identified along with authors and affiliated institutions. Second, using frequency analysis of shortlisted critical factors, yearly appearance and stakeholders affected, a decision matrix is formulated. Findings – The most contributing country toward PPP research is China, followed by the USA both in terms of country- and author-based contribution. In total, 63 factors are identified that affect PPP concession out of which, 8 per cent are highly critical and 21 per cent are marginally critical for decision-making. Practical implications – Critical factors of PPP concession period will be identified with the help of decision-making matrix. This will help in adequate resource allocation for handling critical factors ensuring project success. Researchers may also understand the research trends in the past decade to usher ways for future improvements. Originality/value – This paper reports findings of an original and innovative study, which identifies critical success factors of PPP concession period and synthesizes them into a decision-making matrix. Many of the previous studies have identified and ranked the critical factors but such a synthesis has not been reported.
Public-Private Partnerships (PPPs): Potential Impacts and Critical Success Factors
HAPSc Policy Briefs Series, 2021
In recent years, PPPs have been increasingly used to implement projects and provide public services. The governments have made the necessary legislative and financial efforts in order to promote PPPs, given the need to acquire know-how from the private sector and the advantages they bring to the public sector and the citizens. However, the use of PPPs should be carefully planned as, in addition to the wider social and economic impacts, failures and negative results have been observed. This article attempts to present the main characteristics of PPPs, cite their possible impacts and quote their critical success factors in order to make PPPs more beneficial for the involved parties and the citizens.