scholarly journals Correlation Model Between Estimated Project Cost and Net Present Value (NPV) on Transportation Infrastructure Projects Using Public Private Partnership (PPP) Scheme

2020 ◽  
Vol 1625 ◽  
pp. 012029
Author(s):  
R C Islami ◽  
A U Hazhiyah
Keyword(s):  
Net Present Value ◽  
Public Private Partnership ◽  
Transportation Infrastructure ◽  
Correlation Model ◽  
Infrastructure Projects ◽  
Present Value ◽  
Project Cost ◽  
Private Partnership

scholarly journals Measuring the success level of public-private partnership transportation infrastructure projects in vietnam using fuzzy topsis method

2020 ◽  
Vol 71 (4) ◽  
pp. 403-418
Author(s):  
Thuc Le Dinh ◽  
Cuong Pham Phu
Keyword(s):  
Developing Countries ◽  
Case Studies ◽  
Fuzzy Topsis ◽  
Project Managers ◽  
Public Private Partnership ◽  
Transportation Infrastructure ◽  
Infrastructure Projects ◽  
Topsis Method ◽  
Private Partnership ◽  
Satisfactory Degree

Public–Private Partnership (PPP) has emerged as an effective procurement in delivering infrastructure and public service in many countries over the world since last few decades. It brought more benefits for sustainable development compared to traditional procurement in many developing countries. However, in order to determine whether a project is successful or not has still remained an ambiguous perception. Therefore, this study will rank the successful level for PPP transportation infrastructure projects in Vietnam via case studies. Fifteen success criteria were identified by the comprehensive review. The fuzzy TOPSIS method was then applied to evaluate and rank the success level for case studies. The result showed that project 2 is considered as the most successful until this recent time with a satisfactory degree of 0.489. Project 1 and project 3 are ranked second and third with a satisfactory degree of 0.482 and 0.435, respectively. Although the projects were judged as effective. Nevertheless, the success index of these expressway project still lower than 0.5. Therefore, project managers need to propose effective solutions to improve the success of these projects in the future. This result can help participants to be a good insight into the PPP project success in developing countries in general and Vietnam in particular.

RISK MANAGEMENT IN PUBLIC-PRIVATE PARTNERSHIP AND OTHER MAJOR INFRASTRUCTURE PROJECTS

EDPACS ◽  
2021 ◽  
Vol 63 (5) ◽  
pp. 6-19
Author(s):  
Alex Sidorenko ◽  
Vladimir Kilinkarov ◽  
Alexey Belkov
Keyword(s):  
Risk Management ◽  
Public Private Partnership ◽  
Infrastructure Projects ◽  
Private Partnership

Evaluation of Public Private Partnership in Infrastructure Projects

2021 ◽  
Author(s):  
Karthikeyan Loganathan ◽  
Mohammad Najafi ◽  
Vinayak Kaushal ◽  
Pius Agyemang
Keyword(s):  
Public Private Partnership ◽  
Infrastructure Projects ◽  
Private Partnership

Barriers to bond financing for public-private partnership infrastructure projects in emerging markets

2017 ◽  
Vol 22 (1) ◽  
pp. 2-19 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Srinath Perera
Keyword(s):  
Factor Analysis ◽  
Emerging Markets ◽  
Empirical Studies ◽  
Principal Component ◽  
Public Private Partnership ◽  
Bond Markets ◽  
Infrastructure Projects ◽  
Chi Square ◽  
Private Partnership ◽  
Content Type

Purpose The purpose of this study is to identify and critically assess the barriers to bond financing for public–private partnership (PPP) infrastructure projects in Nigeria using an empirical quantitative analysis. Innovative ways to finance long-term infrastructure projects had been documented. However, there is a dearth of empirical studies on the barriers to bond financing for PPP infrastructure projects. Design/methodology/approach A comprehensive literature review was conducted to identify the barriers to bond financing for infrastructure projects, which were employed to design a questionnaire. A questionnaire survey was carried out which targeted financial experts in the Nigerian financial institutions/local banks. Data collected were analysed using descriptive and inferential statistics to include mean score, chi-square (χ2) test and factor analysis (principal component analysis). Findings The analysis of the ranking in terms of the mean score values for the 12 identified barriers indicated that all the identified barriers are considered by respondents as critical barriers to bond financing for PPP infrastructure projects in Nigeria. The study, through factor analysis, grouped the 12 identified barriers into 5 principal factors. These include governance and institutional capacity issues, higher issuance cost and risk, difficulties in getting approval for changes, the small size of bond markets and stringent disclosure requirements. Practical implications This research is significant by providing the empirical evidence of the barriers to bond financing for PPP infrastructure in emerging markets, especially in Nigeria. Originality/value The findings would enable the policymakers to draw some policy recommendations that will positively influence the development of bond markets in Nigeria and emerging markets at large. These study findings are crucial, as not many empirical studies have been conducted in Nigeria.

scholarly journals Investigation of the challenges facing public-private partnership projects in Australia

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Godfrey Charles Mwakabole ◽  
Argaw Tarekegn Gurmu ◽  
Linda Tivendale
Keyword(s):  
Success Factors ◽  
Risk Measures ◽  
Business Case ◽  
Project Planning ◽  
Public Private Partnership ◽  
Light Rail ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Critical Success ◽  
Political Interference

The practice of implementing infrastructure projects through a public-private partnership (PPP) arrangement is widely employed around the world with successful outcomes. However, this practice is not without challenges related to cost, time and quality variations, which the public is forced to bear. This study aims to explore factors influencing the termination of the East West Link project in Melbourne and present time and cost variation challenges facing the Sydney Light Rail project. This paper utilizes literature, investigating the critical success factors (CSF) for PPP infrastructure projects in an international context, and other readily available data sources such as Australian government publications, the case projects’ reports, news articles, and websites as the sources of data. The data gathered from these sources was then analysed to understand the project challenges and to investigate the relationship between CSF and the challenges. Four challenges were identified, including insufficiency of the business case, political interference, non-independence of implementing organizations and insufficient risk profile identification. The findings can assist to cover the loopholes that might cause similar failures in project planning, risk management, and policy and guideline frameworks. However, efforts should be made in improving the existing policies to accommodate political interests as part of risk measures under the national PPP guidelines. 

scholarly journals Sustainable and Optimal “Uniqueness” Contract in Public-Private Partnership Projects of Transportation Infrastructure

2020 ◽  
Vol 2020 ◽  
pp. 1-14
Author(s):  
Yingjun Zhu ◽  
Zhitong Gao ◽  
Ruihai Li
Keyword(s):  
Social Welfare ◽  
Public Private Partnership ◽  
Transportation Infrastructure ◽  
Private Capital ◽  
Equilibrium Relation ◽  
Private Partnership ◽  
The Public ◽  
Welfare Losses ◽  
The Government ◽  
The Impact

To control the “uniqueness” risk in Public-Private Partnership (PPP) projects of transportation infrastructure, we design a simplified “uniqueness” contract model by incorporating the impact of the initial investment which is based on the Bertrand model. The nonlinear programming method is adopted to derive the optimal “uniqueness” contracts for incumbent private capital, the public, and the social welfare, respectively. The simulation results show that the achievement of the optimal “uniqueness” contract is essentially the result of a compromise between the private capital, the public, and social welfare. The extent to which such a contract reduces the probability of “uniqueness” risk mainly depends on the equilibrium relation between the interests of private capital and the public. The initial investment is not related to the government default when the contract does not take into account the interests of the private capital. Furthermore, the “uniqueness” contracts between private capital and the government are mainly for anticompetitive purpose in the PPP market of transportation infrastructure. Unless the contract terms focus on the improvement of social welfare, entering a “uniqueness” contract will cause social welfare losses.

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