Comparative Analysis of the Success Criteria for Public–Private Partnership Projects in Ghana and Hong Kong

2017 ◽  
Vol 48 (4) ◽  
pp. 80-92 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P. C. Chan
Keyword(s):  
Risk Management ◽  
Hong Kong ◽  
Project Success ◽  
Developed Countries ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Developed Economies ◽  
Success Criteria ◽  
Project Success Criteria ◽  
Developing And Developed Countries

The criteria for measuring the success of public–private partnership (PPP) projects have become very topical because of the global interest in PPP project success. This article empirically investigates the differences and similarities of PPP project success criteria in developing and developed economies, represented by Ghana and Hong Kong, respectively. Results reveal profitability, meeting output specifications, and adherence to budget as the top three success criteria in Ghana, whereas adherence to budget, adherence to time, and effective risk management are considered more important in Hong Kong. The findings inform practitioners of the success measures considered in PPP in developing and developed countries.

Risk assessment in public-private partnership infrastructure projects

2017 ◽  
Vol 17 (2) ◽  
pp. 204-223 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Risk Factors ◽  
Hong Kong ◽  
Significant Risk ◽  
Developed Countries ◽  
Public Private Partnership ◽  
Cost Overruns ◽  
Private Partnership ◽  
Content Type ◽  
Project Completion ◽  
Rate Fluctuation

Purpose The purpose of this paper is to empirically compare the risk factors in public-private partnership (PPP) projects in developing and developed countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A structured questionnaire survey was conducted with PPP practitioners in Ghana and Hong Kong. In total, 103 valid responses were received for analysis. Kendall’s coefficient of concordance and mean ranking were used for data analysis. Findings The results show that respondents from Ghana ranked country risk factors higher, whereas their Hong Kong counterparts ranked project-specific risks higher. The top five significant risks in Ghana are corruption, inflation rate fluctuation, exchange rate fluctuation, delay in project completion and interest rate fluctuation. In Hong Kong, the top five significant risk factors are delay in land acquisition, operational cost overruns, construction cost overruns, delay in project completion and political interference. Originality/value The results of the study inform international investors of the appropriate risk mitigation measures and preventive actions to use when engaging in PPP arrangements in any part of the world. Further, governments who are yet to use the PPP concept would be informed of the prevailing risk factors in other neighbouring countries (i.e. developing or developed countries).

Implementation constraints in public-private partnership

2017 ◽  
Vol 15 (1) ◽  
pp. 90-106 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Hong Kong ◽  
Public Perceptions ◽  
Public Private Partnership ◽  
Mitigation Measures ◽  
Investment Climate ◽  
Political Debate ◽  
Private Partnership ◽  
Content Type ◽  
Developed Economies ◽  
Coefficient Of Concordance

Purpose This paper aims to empirically investigate the differences and similarities on the implementation constraints in public–private partnership (PPP) in developing and developed economies/countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A questionnaire survey was conducted with relevant experienced PPP practitioners in Ghana and Hong Kong. One hundred and three completed questionnaires were received for analysis. Kendall’s coefficient of concordance analysis, mean score ranking, Mann–Whitney U test and quartile grouping were used for data analysis. Findings The results show six implementation constraints with significant differences. Constraints related to the general investment climate of PPP projects (i.e. ecological conditions of PPP) are ranked higher in Ghana than in Hong Kong, whereas constraints related to the organisation and negotiations of PPP projects are higher in Hong Kong than in Ghana. Further, two constraints, lengthy delay in finalising negotiations and lengthy delay due to political debate, are very critical in both jurisdictions, whereas “negative public perceptions on PPP transactions” and “high use of unsolicited proposals” are of less challenge in the implementation of PPP in both jurisdictions. Originality/value The findings of this study contribute to knowledge on the international best practices of PPP. In addition, international private bidders would be informed of the mitigation measures to adopt when engaging in PPP arrangements in any part of the world, whether in a developing or developed economy country.

Public sector’s perspective on implementing public – private partnership (PPP) policy in Ghana and Hong Kong

2018 ◽  
Vol 16 (2) ◽  
pp. 175-196 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Hong Kong ◽  
Public Private Partnership ◽  
Successful Implementation ◽  
Training And Education ◽  
Private Partnership ◽  
Content Type ◽  
The Public ◽  
Success Criteria ◽  
Implementation Practices ◽  
And Training

Purpose The public sector plays a critical role in the successful implementation of public–private partnership (PPP) projects. Thus, there is a need to holistically explore the public sector’s view on the implementation practices of PPP. This paper aims to explore and compare the public sector’s views on PPP practices in Ghana and Hong Kong. Design/methodology/approach Semi-structured interviews were conducted with PPP practitioners of senior authority in public institutions in both Ghana and Hong Kong. The interviews covered critical issues of PPP implementation practices such as motivations for engaging in PPP, success criteria/indicators, critical success factors (CSFs), external stakeholder management and training and education in PPPs. Findings The findings show that quick delivery of public projects and private sector efficiency are the reasons considered by both groups of interviewees. On the success criteria, interviewees from both jurisdictions mentioned user satisfaction, budget, time and quality. The CSFs mentioned by both groups include capacity building and training, project viability, proper planning and good feasibility studies. Sensitization programs, including open forums and community meetings, were mentioned by both groups as measures for managing external stakeholders. On the training and education, both groups mentioned international study tours and organizing courses and seminars. Originality/value The outputs of this study offer strategies that are very useful to international private developers who are interested in PPP practices in Africa and Asia. Further, the findings contribute to the knowledge on the international best practices for PPP.

scholarly journals COMPARATIVE STUDY OF GOVERNMENTS’ REASONS/MOTIVATIONS FOR ADOPTING PUBLIC-PRIVATE PARTNERSHIP POLICY IN DEVELOPING AND DEVELOPED ECONOMIES/COUNTRIES

2018 ◽  
Vol 22 (5) ◽  
pp. 403-414 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P. C. Chan
Keyword(s):  
Hong Kong ◽  
Best Practice ◽  
Public Private Partnership ◽  
Social Benefits ◽  
Public Infrastructure ◽  
Private Partnership ◽  
The Public ◽  
Developed Economies ◽  
Private Investors ◽  
Practice Framework

Over the last couple of decades, governments in developing and developed economies/countries have shown interest in the public-private partnership (PPP) policy. Different governments have different reasons for adopting the PPP concept. This paper aims to investigate the differences and similarities on the reasons for implementing PPP in develop-ing and developed economies/countries, represented by Ghana and Hong Kong. An empirical questionnaire survey was conducted with relevant experienced practitioners in both jurisdictions. One hundred and three completed questionnaires were returned for analysis. The results from the non-parametric test show five reasons with significant differences. Reasons related to the economic and social benefits of PPP are ranked higher in Ghana, whereas efficiency and quality service related reasons are ranked higher in Hong Kong. Further, two reasons for adopting PPP emerged as very important in both jurisdictions; these include: “promotes quick delivery of public infrastructure projects” and “allows for shared risks”. The outputs of this study contribute to the international best practice framework for PPP. International private investors would be informed of the expectations of governments when engaging in PPP arrangement particularly in Asia and Africa.

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.

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

scholarly journals PROACTIVE CONTRACTING IN FINNISH PPP PROJECTS

2009 ◽  
Vol 13 (3) ◽  
pp. 219-228 ◽  
Author(s):  
Antti Tieva ◽  
Juha-Matti Junnonen
Keyword(s):  
Risk Management ◽  
Public Sector ◽  
Private Sector ◽  
Contract Law ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Contractual Arrangements ◽  
Main Target

Public‐private‐partnership projects are long term, complex and very challenging contractual arrangements and relationships. They bring new roles for public sector and also for private sector in terms of construction and services. This paper will go through some features of the Finnish PPPs. Proactive law focuses in practical views as regards contract law and contractual issues. The main target is to prevent problems instead of confronting them. This paper will clarify what proactive law is about in terms of contract law and contracting especially in PPPs. For instance, 20–40 years’ partnership relation with PPPs brings up also dozens of different risks into the picture. This paper will discuss the risks and risk management in terms of proactive law and after that, focus on PPPs in Finland. Santruka Viešojo ir privataus sektoriu partnerystes (VPP) projektai ‐ tai ilgalaikiai, sude tin gi ir itin daug pastangu reikalaujantys sutartiniai susitarimai ir santykiai. Ne tik viešajame, bet ir privačiajame sektoriuje jie sukuria naujus, su statyba ir paslaugomis susijusius, vaidmenis. Šiame darbe apžvelgiami kai kurie Suomijos VPP bruožai. Iniciatyvi teise glaudžiai susijusi su prak ti nemis pažiūromis, sutarčiu teise ir pan. Pagrindinis tikslas ‐ išvengti problemu užuot jas sprendus. Šiame darbe paaiškinama iniciatyvios teises esme sudarant sutartis, ypač VPP. Pavyzdžiui, kai VPP trunka 20–40 metu, susiduriama su daugybe ivairiu rizikos rūšiu. Todel straipsnyje pirmiausia aptariamos rizikos rūšys ir rizikos valdymo būdai taikant iniciatyvia teise, o po to ‐ Suomijos VPP.

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