Developing the Success Index of Public-Private Partnership Transportation Projects in Vietnam

2021 ◽  
pp. 229-235
Author(s):  
Thac Quang Nguyen ◽  
Dinh Thuc Le ◽  
Duy Liem Nguyen
Keyword(s):  
Public Private Partnership ◽  
Private Partnership ◽  
Transportation Projects ◽  
Success Index

A structure for government requirements in public–private partnerships

2001 ◽  
Vol 28 (6) ◽  
pp. 891-909 ◽  
Author(s):  
A M Abdel-Aziz ◽  
A D Russell
Keyword(s):  
Private Sector ◽  
Public Private Partnership ◽  
Three Dimensions ◽  
Public Private Partnerships ◽  
Public Infrastructure ◽  
Private Partnership ◽  
Transportation Projects

A spectrum of requirements for the procurement of public infrastructure under various public–private partnership arrangements has been communicated by governments to the private sector participants. This paper suggests a structure for these requirements and demonstrates how they have been realized in public–private partnership projects. Government requirements are categorized and described under a structure of three dimensions: rights, obligations, and liabilities. Each dimension is further defined and explained through a number of attributes. The structure provides insights as to the basis for the different modes under public–private partnerships such as build–operate–transfer, build–own–operate–transfer, and build–transfer–operate. The structure is used to examine government requirements in a number of public–private partnership transportation projects. The results show that, for each dimension and its related attributes, comprehensive and clear articulation of government requirements is generally needed. This will reduce the amount of supplemental materials issued for the request for proposals, help consortiums in responding with proposals that can fit the requirements and reduce the amount of time spent in negotiations and (or) the need for contract amendments to reflect marketplace realities missed earlier.Key words: public–private partnerships, concessions, development agreements, franchise agreements, transportation projects.

scholarly journals DIFFERENT PERCEPTIONS OF CONCERN FACTORS FOR STRATEGIC INVESTMENT OF THE PRIVATE SECTOR IN PUBLIC-PRIVATE PARTNERSHIP TRANSPORTATION PROJECTS

2017 ◽  
Vol 7 (2) ◽  
pp. 66-86
Author(s):  
Do Tien Sy ◽  
Veerasak Likhitruangsilp ◽  
Masamitsu Onishi ◽  
Phong Thanh Nguyen
Keyword(s):  
Private Sector ◽  
Risk Perceptions ◽  
Public Private Partnership ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Political Risks ◽  
Transportation Projects ◽  
Private And Public ◽  
Private Investors

This paper identifies the concern factors of private investors associated with Public-Private Partnership (PPP) transportation projects in Vietnam. The concern factors are incorporated into four main groups: (1) company profile; (2) finance; (3) opportunities; and (4) risk perceptions. The paper examines the different perceptions by the public and private sectors about these concern factors adopted by experienced professionals related to PPP transportation projects. Based on a questionnaire survey in Vietnam, the most concern factors of private investors are their own capacity, demand issues, legal and political risks, long-term income, and financial sources issues of the PPP project. Moreover, five factors that represent the significant differences between the private and public sectors including political risks, enhancement of company’s strength in its industry, construction risks, demand issues, and financial viability of the company are also discovered. Addressing the different perceptions is indispensable to ensure the public sector can establish necessary policies that appeal to both domestic and foreign private investors. The paper at the same time hopes to provide some of lessons for the private sector.

Evaluating the project success index of public-private partnership projects in Hong Kong

2018 ◽  
Vol 18 (3) ◽  
pp. 371-391 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Hong Kong ◽  
Project Success ◽  
Technical Specification ◽  
Public Private Partnership ◽  
Fuzzy Synthetic Evaluation ◽  
Private Partnership ◽  
Content Type ◽  
Index Model ◽  
Quantitative And Qualitative Research ◽  
Success Index

Purpose Since 1960, many public–private partnership (PPP) projects have been implemented in Hong Kong. Some projects have been considered as very successful, whereas others are seen as less successful. Unfortunately, these success outcomes have remained abstract because they are not in quantifiable terms. This paper aims to develop a model that can quantify the success outcome of PPP projects in Hong Kong. Design/methodology/approach Both quantitative and qualitative research approaches were adopted for the study. First, a questionnaire survey was conducted with PPP practitioners in Hong Kong, and thereafter, the fuzzy synthetic evaluation technique was used to develop a project success index for PPP projects in Hong Kong. The Hong Kong Cross-Harbour Tunnel project was used as a case study to demonstrate the applicability of the pragmatic model. Findings The success index model developed consists of four unrelated success criteria groupings: cost effectiveness, quality of services and technical specification, environmental impact and long-term partnership. Further, the computed success index for the Cross-Harbour Tunnel project is 4.06, which indicates that the tunnel project has been highly successful. Originality/value The outputs of this study will enable PPP practitioners in Hong Kong to reliably evaluate the success levels of their projects. In addition, local practitioners can now compare the success levels of two or more PPP projects on the same basis.

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