Assessing and allocating the financial viability risk factors in public-private partnership wastewater treatment plant projects

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amr Metwally El-Kholy ◽  
Ahmed Yousry Akal
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Wastewater Treatment ◽  
Wastewater Treatment Plant ◽  
Treatment Plant ◽  
Financial Viability ◽  
Public And Private ◽  
Private Partnership ◽  
Content Type ◽  
The Public

PurposeThis research investigates the financial viability risk factors that threaten the private investor's economic scheme in the public private partnership (PPP) wastewater treatment plant (WWTP) projects in Egypt. The aims of this study are to: (1) illustrate and cluster the financial viability risk factors in accordance with the PPP WWTP projects' nature, (2) assess the risk factors' criticality degrees according to their severity and frequency levels of the financial viability, and (3) pinpoint the suited allocation of the financial viability risk factors between the public and private parties.Design/methodology/approachRelying on the previous analysts' endeavors, the questionnaire method, the fuzzy synthetic evaluation approach and the hypothetical normal distribution curve model; the severity, frequency, criticality and allocation preference of 32 financial viability risk factors were assessed from 12 Egyptian PPP experts.FindingsThe data analysis yielded that foreign exchange risk, currency risk/inflation, license risk, construction cost-overrun and late site handover are the key factors in arising the financial viability risk issue in the PPP WWTP projects. Considering the discussion of these key risks, the study summarized that the financial viability's key risk factors are notably be affected by the economic, political and administrative circumstances of the host county. Additionally, the inflation lesion was found to be the core reason of most of the key risk factors.Originality/valueThis research originality stems from its contribution to address the gab in the PPP risk assessment literature of the concessionaire's financial viability in the WWTP projects in a country of developing economy as Egypt. This, first, enriches the scholarly based knowledge of the PPP projects' risk analysts of the developing countries. Accordingly, it moves the current PPP risk assessment research further to deeply apprehend these markets' risks. Second, it equips the policymakers in the public and private sectors of such projects with a map that clarifies their assigned risk factors and the responsibilities that each party should bear to generate a mutual stable investment environment for achieving their aims successfully. This, indeed, paves the way for more private investments to be involved in the developing markets' PPP projects with a profitable satisfactory level for the private concessionaire. In the same vein, more WWTP projects, which are highly needed for the public sector and its people, are executed.

scholarly journals Analysis of Risk Assessment in a Municipal Wastewater Treatment Plant Located in Upper Silesia

Water ◽  
2019 ◽  
Vol 12 (1) ◽  
pp. 23 ◽  
Author(s):  
Magdalena Łój-Pilch ◽  
Anita Zakrzewska
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Wastewater Treatment ◽  
Wastewater Treatment Plant ◽  
Water Distribution ◽  
Municipal Wastewater ◽  
Treatment Plant ◽  
Municipal Sewage ◽  
Municipal Wastewater Treatment ◽  
Human Beings

Nowadays, risk management applies to every technical facility, branch of the economy, and industry. Due to the characteristics of the analyzed wastewater treatment plant and the specificity of the used processes, one must approach different areas individually. Municipal sewage treatment plants are technical facilities; they function as enterprises and are elements of larger systems—water distribution and sewage disposal. Due to their strategic importance for the environment and human beings, it is essential that they are covered by risk management systems. The basic stage of risk management is its assessment. On its basis, strategic decisions are made and new solutions are introduced. Constant monitoring of the operation of a treatment plant allows for assessment of whether actions taken are correct and whether they cause deterioration of the quality of sewage. In our work, we present a method of risk assessment based on historical data for an existing facility and obtained results.

An evolutionary game analysis of user-pay public–private partnership projects

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Danrong Song ◽  
Jinbo Song ◽  
Hehui Yuan ◽  
Yu Fan
Keyword(s):  
Evolutionary Game ◽  
Public Private Partnership ◽  
Decision Makers ◽  
Successful Implementation ◽  
Game Model ◽  
Public And Private ◽  
Private Partnership ◽  
Content Type ◽  
Game Analysis ◽  
The Public

PurposeWith the growing demand for infrastructure and public services in recent years, PPP-UP have attracted a great deal of attention. However, while the user focuses on the payment for use and the private sector is concerned with its return on investment, the public sector pays more attention to the efficient utilization of public funds. In order to analyze the willingness of each stakeholder to join PPP-UP, an evolutionary game model involving the three parties is constructed.Design/methodology/approachAn evolutionary game model is established that considers the users and the public and private sectors in user-pay public-private-partnership projects (PPP-UP). Eight scenarios of equilibriums and the game's evolutionary stable strategies are analyzed, and the corresponding stability conditions are then obtained. A situation where all three players are willing to cooperate in theory is also examined. The key influencing parameters that affect cooperation behaviors are further discussed.FindingsFirst, the results illustrate that by properly adjusting the influencing factors, the cooperation status among the three parties can be changed along with certain evolutionary trends. Second, it is hard to modify unsatisfactory evolutionary stability by small changes in both the price compensation of and the construction and operation compensation. Third, it is necessary to involve the users in the decision-making process in PPP-UP and take their demands regarding benefits and payments into account.Originality/valueIn this paper, we focus on PPP-UP to research interactions among the public and private sectors and the users. Based on the analysis of the evolutionary game, to facilitate the successful implementation and development of a project, several conditions are needed to ensure tripartite cooperation. Several recommendations are then proposed for decision-makers in PPP-UP.

scholarly journals Complete Genome Sequence of Moraxella osloensis Strain YV1, Isolated from an Australian Wastewater Treatment Plant

2020 ◽  
Vol 9 (15) ◽  
Author(s):  
Steven Batinovic ◽  
Daniel T. F. Rice ◽  
Robert J. Seviour ◽  
Steve Petrovski
Keyword(s):  
Wastewater Treatment ◽  
Genome Sequence ◽  
Wastewater Treatment Plant ◽  
Complete Genome Sequence ◽  
Complete Genome ◽  
Treatment Plant ◽  
Content Type ◽  
Moraxella Osloensis ◽  
Distinctive Morphology

We report the complete genome sequence of Moraxella osloensis strain YV1, which was isolated from a wastewater treatment plant in Australia. The YV1 genome comprises a 2,615,801-bp chromosome and four plasmids. Moraxella osloensis strain YV1 displays the distinctive morphology of Eikelboom morphotype 1863.

Occurrence, fate and risk assessment of BPA and its substituents in wastewater treatment plant: A review

2019 ◽  
Vol 178 ◽  
pp. 108732 ◽  
Author(s):  
Yu Hu ◽  
Qingqing Zhu ◽  
Xueting Yan ◽  
Chunyang Liao ◽  
Guibin Jiang
Keyword(s):  
Risk Assessment ◽  
Wastewater Treatment ◽  
Wastewater Treatment Plant ◽  
Treatment Plant

How public-private partnership projects impact infrastructure industry for economic growth

2014 ◽  
Vol 41 (10) ◽  
pp. 994-1010 ◽  
Author(s):  
Abouzar Zangoueinezhad ◽  
Adel Azar
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Public Private Partnership ◽  
Key Factors ◽  
Dynamic Interactions ◽  
Public And Private ◽  
Private Partnership ◽  
Content Type ◽  
The Public ◽  
The Relationship

Purpose – Public-private partnership (PPP) is mutually beneficial relationships that are formed between the public and private sectors. The private-sector partner typically makes a substantial equity investment, and in return the public sector gains access to new or improved services. When properly vetted and structured, PPP allocate risk to the party best suited to handle it. The purpose of this paper is to examine the relationship between the scale and nature of the PPP's contribution as a driver of the economic growth and gross domestic product (GDP). Design/methodology/approach – Using statistics causality modeling and relevant statistical techniques, the dynamic interactions and interdependencies over PPP and economic growth were addressed and quantified. Findings – Although PPP can free up government resources for other public priorities, three key factors enable PPP to stimulate a country's economic growth: the number of PPP projects under way, the value of PPP projects, and the ideal type of PPP contracts in use. Originality/value – The number, value, and type of PPP, combined with supportive policies, power economic growth. Governments with well-established and enforced policies against corruption, combined with low business transaction costs, a transparent legislative system, and exchange rate and monetary stability are far more attractive to the private sector.

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