Jokowi's five-year infrastructure plan is unrealistic

2015 ◽  
Keyword(s):  
Public Private Partnerships ◽  
Land Acquisition ◽  
Toll Roads ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Content Type ◽  
Financial Framework ◽  
Near Term ◽  
Food Inflation

Subject Outlook for infrastructure development. Significance President Joko 'Jokowi' Widodo has pledged to build 5,000 kilometres (km) of railway, 2,600 km of roads, 1,000 km of toll-roads and 49 dams over the next five years. To that end, his administration on March 20 issued a new regulation aimed at facilitating public-private partnerships (PPPs) in infrastructure projects. The new regulation seeks to strengthen the legal, regulatory and financial framework for such projects. Impacts Land acquisition problems will be the hardest to resolve, given the lack of proper records. Tighter checks on malfeasance promise longer-term gains in transparency, but near-term they will slow disbursement. Reducing food inflation will be difficult as long as the infrastructure deficit persists.

scholarly journals Investigation into the causes of delay in land acquisition for PPP projects in developing countries

2017 ◽  
Vol 15 (4) ◽  
pp. 552-570 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Onaopepo Adeniyi ◽  
Oluwaseyi Alabi Awodele
Keyword(s):  
Developing Countries ◽  
Factor Analysis ◽  
Literature Review ◽  
Questionnaire Survey ◽  
Empirical Method ◽  
Land Acquisition ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Content Type ◽  
Private Investors

Purpose The land is a critical resource for public-private partnerships (PPPs) in infrastructure development. However, acquisition of land for PPP infrastructure projects implementation increasingly becomes problematic in developing countries. Yet, effort at investigating the factors causing a delay in land acquisition for PPP infrastructure projects through an empirical method in developing countries received scant attention. Therefore, the purpose of this study is to identify and critically assess the factors predisposing PPP projects implementation to land acquisition delay in Nigeria using an empirical approach. Design/methodology/approach The study adopted literature review and questionnaire survey. For instance, literature review was used to identify the factors causing delay in land acquisition for PPP projects in developing countries, which was used to design the questionnaire survey culminating in data analysis. To capture a broad perception, the questionnaires were administered to three different primary stakeholder groups comprised public sector authorities (i.e. ministries, department, agencies), concessionaires and lenders/banks involved in PPP projects implementation in Nigeria. Data collected were analysed using mean score, Kruskal–Wallis test and factor analysis. Findings The study revealed the mean score ranking of 22 identified factors causing a delay in land acquisition for PPP projects in Nigeria. The result of factor analysis grouped the 22 identified factors into 4 principal factors, namely, resettlement issues with political interference; non-availability of land with a higher cost of land transactions; weak planning institutions; and rehabilitation issues with extensive legal delays. Practical implications These study findings have implications for both policymakers considering PPP projects and private investors seeking to finance a PPP project in developing countries. Also, the study findings would be useful for the governments in Nigeria and other developing countries to formulate clear policies framework that facilitates the smooth acquisition of land for PPP projects. Originality/value The study will be beneficial to the potential local and foreign private investors and governments by broadening their awareness on impediments in land acquisition for PPP projects in Nigeria and developing countries at large. These study findings are crucial, as not many empirical studies have been conducted in Nigeria and many other developing countries.

State assets may fund Turkish public-private projects

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Development Programme ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
New Development ◽  
The Government ◽  
New Infrastructure

Subject Moves to shore up the PPP infrastructure programme. Significance Political instability, lira volatility and slowing economic growth have raised the risks from public-private partnerships (PPP) in Turkey’s ambitious infrastructure programme, by making it more difficult for developers to access loans. The government, faced with underwriting unprofitable projects and scaling back new development, has handed control of a slate of state companies to the new Turkish Sovereign Wealth Fund (TVFY). Impacts The government is committed to continue developing new infrastructure projects by the PPP model. Profits from the substantial assets transferred to the TVFY will be diverted to fund a grandiose infrastructure development programme. An expanded PPP programme will reinforce calls for better legislation, clarified legal processes and a dedicated agency to oversee projects.

Public–private partnerships for sustainable infrastructure development in Ghana: a systematic review and recommendations

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Isaac Akomea-Frimpong ◽  
Xiaohua Jin ◽  
Robert Osei-Kyei ◽  
Augustine Senanu Kukah
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Clean Energy ◽  
Project Managers ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Content Type ◽  
Public Projects ◽  
Climate Action ◽  
Development Goals

PurposeThe contribution of the public–private partnership (PPP) model towards the achievement of the United Nation (UN)'s Sustainable Development Goals (SDGs) has been widely acknowledged. However, limited studies have shed light on the connection between PPPs and the achievement of these coveted goals in Ghana. In this study, the authors aimed at analysing and synthesising the existing literature on the use of PPP to achieve sustainability in infrastructure projects in the country.Design/methodology/approachA three-step approach was used to retrieve and review 60 selected articles aided by content analysis.FindingsThe analysis showed that all existing relevant publications on the application of the PPP model to attain UN’s SDGs in the country are organised around dominant themes, such as poverty alleviation, urban development, waste management and risk management. However, the review revealed little studies exist on pertinent issues relating to PPPs and sustainable development goals, such as climate action, critical resilience, sustainable finance and clean energy.Research limitations/implicationsAlthough the study is limited to 60 articles in Ghana, the results reveal pertinent gaps for further research studies to achieve sustainable infrastructural development in Ghana and other countries.Practical implicationsHolistically, the outcome of this study will serve as a guide to project managers to understand essential issues on attaining sustainability on public projects.Originality/valueThis article contributes to the literature and practice on the significance of PPP in mainstreaming UN's SDGs in public infrastructure projects.

Factor analysis of critical success factors for water infrastructure projects delivered under public–private partnerships

2019 ◽  
Vol 24 (3) ◽  
pp. 338-357 ◽  
Author(s):  
Khotso Dithebe ◽  
Clinton Ohis Aigbavboa ◽  
Wellington Didibhuku Thwala ◽  
Ayodeji Emmanuel Oke
Keyword(s):  
Factor Analysis ◽  
Critical Success Factors ◽  
Success Factors ◽  
Public Private Partnerships ◽  
Private Capital ◽  
Water Infrastructure ◽  
Infrastructure Projects ◽  
Content Type ◽  
The Public ◽  
Critical Success

Purpose The role of public–private partnerships (PPP) as a strategic initiative to improve and accelerate service delivery in the form of newly built and revitalised water infrastructure assets in developing countries cannot be over-emphasised. Hence, the purpose of this study is to assess and highlight the importance of critical success factors for water infrastructure projects delivered under public–private partnerships. Design/methodology/approach A survey design was used and a questionnaire was administered to stakeholders who have participated in delivering water infrastructure assets in South Africa. Out of 150 administered questionnaires, only 91 were returned and usable for analyses, representing a 61 per cent response rate. The data gathered were then analysed using descriptive and factor analysis. Findings The study revealed that thorough planning for project viability, high levels of transparency and accountability and a legal framework stipulating policy continuity are the CSFs for delivering water infrastructure projects under the PPP initiative. The findings emerging from factor analysis owing to a close variance revealed the importance of the following grouped factors, namely, public cooperation, project viability and policy and legislation enhancement. Practical implications From the results, it is clear that the public sector, as the facilitator of infrastructure development, should create an environment that is conducive for private capital through political will and commitment and the enhancement of policy and legislation where there is no or minimal private participation. Originality/value Adequate infrastructure investment from private capital promises to flourish economically and improve the living conditions of the public in the cities and the country at large. To further guarantee the reality of PPPs at a local level, the host government must adequately engage and enlighten the public.

Congress will oppose Modi policy for political revival

2015 ◽  
Keyword(s):  
Financial Sector ◽  
Vice President ◽  
Land Acquisition ◽  
Infrastructure Projects ◽  
Content Type ◽  
Low Profile ◽  
General Elections ◽  
Liberal Reform ◽  
Regional Elections ◽  
Bihar State

Subject Congress challenges. Significance Defeats in the 2014 general elections and a series of regional elections have left the Congress in disarray. On April 10, a crucial meeting of the central All India Congress Committee (AICC) will attempt to set a course for recovery. At issue is the leadership of the long-standing Nehru-Gandhi family, now personified by Rahul Gandhi, son of party president Sonia Gandhi and the Congress's vice-president. Impacts The Congress will oppose liberal reform in sensitive sectors such as land and retail, but endorse low-profile financial sector reforms. Continuing controversy over land acquisition will delay infrastructure projects. The BJP could lose Bihar state elections in December if all opposition parties join forces.

Innovation eases Indian land acquisition problems

2017 ◽  
Keyword(s):  
Urban Areas ◽  
Land Acquisition ◽  
Infrastructure Projects ◽  
Content Type ◽  
Indian Land ◽  
Land Disputes ◽  
The City ◽  
Municipal Level

Subject Land acquisition in India. Significance As of October 2016, nearly 5,600 industrial and infrastructure projects worth over 178 billion dollars were stalled due to land acquisition problems, according to a recent report. Moreover, litigation has exploded and a quarter of India’s districts now face land disputes. This suggests that the 2013 Land Acquisition Act, far from easing tensions over the acquisition of land for infrastructure and industrial purposes, has exacerbated them. Impacts Solutions for tribal opposition to land acquisition by miners are not in the offing. Strategies for resolving land disputes are likely to emerge at the city municipal level. Partnership with land leasers in urban areas will prove an effective foil for land disputes.

Identifying macro-environmental critical success factors and key areas for improvement to promote public-private partnerships in infrastructure

2014 ◽  
Vol 21 (4) ◽  
pp. 383-402 ◽  
Author(s):  
Andreas Wibowo ◽  
Hans Wilhelm Alfen
Keyword(s):  
Critical Success Factors ◽  
Success Factors ◽  
Gap Analysis ◽  
Private Investment ◽  
The Body ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
Content Type ◽  
Critical Success ◽  
And Performance

Purpose – The purpose of this paper is to identify macro-environmental critical success factors (CSFs) and key areas for improvement for public-private partnerships (PPP) in infrastructure development, using Indonesia as a case study. Design/methodology/approach – The methodology includes the definition of CSFs based on the United Nations for Economic and Social Commission for Asia and the Pacific's self-assessment diagnostic tool and a survey on importance and performance attributes, the application of gap analysis (GA) and importance-performance analysis to prioritize areas needing urgent improvements, and the use of inter-rater agreement analysis to examine to what extent the ratings tend to converge on the same conclusions regarding importance and performance. Findings – Out of 40 possible success factors, a total of 16 are identified as CSFs in the context of Indonesia. GA suggests that no performance ratings exceed importance ratings for the identified CSFs, indicating the need for remedial actions. The factors requiring immediate improvements are all associated with commitments: to policy continuity, financial transparency, and corruption eradication. Practical implications – Although the paper discussing a specific country, the proposed approach is replicable and adaptable in different country contexts. Indonesia's experience can also be of value to governments facing similar problems in encouraging private investment in infrastructure. Originality/value – The paper contributes to the body of knowledge on PPP in infrastructure development by focussing exclusively on macro-environmental CSFs and Indonesia's PPPs, which are both rarely discussed in the existing literature.

scholarly journals ROLE OF INFRASTRUCTURE DEVELOPMENT OF RURAL AND URBAN SECTOR OF INDIA

2020 ◽  
pp. 71-74
Author(s):  
Krishna Somani ◽  
Dr. Ankita Singh Rao
Keyword(s):  
Private Sector ◽  
Key Words ◽  
Land Acquisition ◽  
Infrastructure Development ◽  
Basic Requirement ◽  
Infrastructure Projects ◽  
Urban Sector ◽  
Rural And Urban ◽  
Private And Public

Infrastructure is the basic requirement for development of any business or any city or country. The development of any civilization takes place when the infrastructure develops. In this paper the development in few sectors like finance, land acquisition and planning related to technologies, water, telecommunication, and energy are covered with the upcoming planning and strategies to solve the issues. If infra develops every sector of society will develop in every aspect. Government Infrastructure Projects (PPP), Government Infrastructure Projects (Traditional Procurement) and Private Sector Projects are serving in development in infrastructure. KEY WORDS: Infrastructure, private and public investors, India, technologies, water, telecommunication, and energy.

Enhancing sustainability of Indian PPP procurement process using system dynamics model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nilesh Agarchand Patil ◽  
Nicola Thounaojam ◽  
Boeing Laishram
Keyword(s):  
Sustainable Development ◽  
System Dynamics ◽  
Infrastructure Development ◽  
Cost Overrun ◽  
Infrastructure Projects ◽  
Sustainable Infrastructure ◽  
Content Type ◽  
Procurement Process ◽  
Body Of Knowledge ◽  
Sd Model

Purpose Increasingly adopted by various governments for infrastructure development, public-private partnerships (PPPs) have become a popular procurement delivery system, outperforming other systems. However, PPPs have been especially criticised due to the lack of sustainability aspect during the development and implementation of the projects. In India, similar critiques have been raised, as these qualities have inhibited the development of society and increased the time and cost overrun in the development of PPP projects. This paper, therefore, aims to address the sustainability issues in PPPs and systematically analyses from the perspective of the principles of sustainable development. Design/methodology/approach Based on literature review and focussed interviews with stakeholders in India, a qualitative system dynamics (SD) model using causal loop diagramming is developed to propose the inclusion of various strategies in the PPP procurement process, which can enhance the sustainability of the PPP process. Finally, the integration of these strategies in the current PPP procurement process has been highlighted in the form of the introduction of new mechanisms and policies and modification of the existing mechanism and procurement policies. Findings The paper first highlights key sustainability issues in the PPP procurement process and suggests 34 strategies to address the issues. The modelling approaches and the proposed strategies, along with their interrelationships, could help the PPP decision makers in implementing responsive policies in bringing sustainable development in the PPP procurement process. Research limitations/implications The SD model developed is based on limited data, primarily focussed on PPP procurement practices in the context of infrastructure development in India. Developing the model with the analysis of a wider range of data and constructing a customised model can take broader perspectives into account. Social implications Adoption of the identified strategies can facilitate the inclusion of sustainability practices in the development of infrastructure projects, which are even procured using private finance. Originality/value Studies on how to promote sustainable infrastructure development when procured through the PPP route are in the nascent stage. This study, therefore, extends the current body of knowledge on infrastructure projects implementation through PPPs from financial engineering and risk management to a sustainability perspective.

Innovative financial intermediation and long term capital pools for infrastructure

2016 ◽  
Vol 21 (3) ◽  
pp. 231-252 ◽  
Author(s):  
Thillai Rajan Annamalai ◽  
Smitha Hari
Keyword(s):  
Private Sector ◽  
Financial Intermediation ◽  
Emerging Countries ◽  
Infrastructure Development ◽  
Infrastructure Projects ◽  
Multiple Perspectives ◽  
Multiple Sources ◽  
Content Type ◽  
Private Sector Investment

Purpose Developing countries are increasingly looking to private sector investment for infrastructure development. Successful development of private infrastructure projects, however, depends on adequate availability of long-term debt to complement private sector equity. As domestic bond markets in many emerging countries are not very deep, availability of long-term debt funding for infrastructure has been limited. Recently, a new form of financial intermediation has emerged in India with the creation of infrastructure debt funds (IDFs) to create capital pools for long-term debt funding. This paper aims to analyse the effectiveness of IDFs for financing infrastructure projects. Design/methodology/approach This paper uses a case study approach. The case studies were written using both secondary and primary information. Secondary information was obtained from various sources such as policy papers, websites and other published sources. Primary information was obtained from interviews with the top management of three IDFs. Information obtained from multiple sources was triangulated for consistency and correctness. Findings IDFs have emerged as an effective intermediation mechanism for attracting long-term capital by offering a new investment product with appropriate risk-adjusted returns. For the fund seekers, IDFs are able to provide long-term capital at lower rates and higher flexibility. Unlike commercial banks, IDFs are able to add value to the projects apart from funding by periodic monitoring of the projects. Practical implications Creating new forms of financial intermediation can help in reducing the financing gap for infrastructure projects, especially in emerging countries. Originality/value IDFs have been analysed from a perspective of financial intermediation. The effectiveness of IDFs in bridging the funding shortfall has been evaluated from multiple perspectives.

Sign in / Sign up

Export Citation Format

Share Document