TECHNOLOGIES OF IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP FOREIGN PROJECTS IN ROAD CONSTRUCTION

Presently, there is a request by various stakeholders in the road construction sector to embrace public-private partnership (PPP) as an alternative means of solving the road infrastructure deficit in Ghana. To this end, the study sought to identify the underlying reasons for implementing public-private partnership in road construction in Ghana. It also intends to examine the differences in the perception of these reasons by the State-owned Road Agencies (SRA) (who represent the government) and the Private Sector (PS). A questionnaire survey was used to elicit the perceptions of the SRA and PS on the underlying reasons for implementing PPP in road construction in Ghana. An in-depth interview was also conducted among four PPP “experts” in Ghana. Seventy-six functional responses were analysed using Statistical Package for the Social Science (SPSS) to rank the importance of the reasons based on the overall responses, as well as the responses from both the SRA and the PS and to examine the differences in the perceptions between the two groups. “Shortage of government funding”, “Political pressure”, “Economic development pressure of demanding more facilities”, “accelerate project development”, “Allowance for shared risk”, “Ability to raise funds for project by private sector”, and “Facilitate creative and innovative approaches” were found to be the seven most important reasons for adopting PPP in road construction in Ghana. In terms of the differences in perception between the SRA and PS groups, the hypothesis test results indicated that significant differences exist for only a few of the reasons.

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Assessing Financial Risk in Public-Private Partnership Financing for Road Construction Projects in Iran Using Uncertainty Conditions Approach

Journal of Applied Engineering Sciences ◽

10.2478/jaes-2020-0021 ◽

2020 ◽

Vol 10 (2) ◽

pp. 139-146

Author(s):

M. Jaafarian ◽

A. Ardeshir ◽

A. Firozi Boyaghchi

Keyword(s):

Associate Degree ◽

Construction Projects ◽

Financial Risk ◽

Large Scale ◽

Minimum Degree ◽

Road Construction ◽

Public Private Partnership ◽

Private Partnership ◽

Political Risks ◽

Research Population

AbstractPrivate section investment in the construction of transportation infrastructure, one of the most important of which is freeway projects, has been extensively used in developing countries in recent decades. However, in many cases due to the lack of necessary investigations and studies, the criteria have not been properly identified and, as a result, the proper way of participating in large-scale transport projects has resulted in numerous problems and, in some cases, project failure. However, choosing a private-public partnership will have a major impact on the success of freeway construction. However, due to the current conditions of the country’s economy, these projects are following with some risks. Therefore, in this study, the financial risk assessment of “public-private partnership” financing for road construction projects in Iran was investigated using the uncertainty approach and the BAS method. The research population of this study consisted of 23 researchers and experts with Ph.D. degree in finance with minimum degree of associate degree and experience of research and financial consulting in investment firms. According to the results, the lack of stability in planning and implementation of government programs and political risks, increases the risk of road construction projects and, in this regard, controlling the price fluctuations and bank financing of road construction projects can reduce the risk of these projects.

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Public-private partnership (PPP): legal regulation, techniques and practice in the context of industrialization

E3S Web of Conferences ◽

10.1051/e3sconf/202020806003 ◽

2020 ◽

Vol 208 ◽

pp. 06003

Author(s):

Oksana Trotsenko ◽

Oleksandr Batanov ◽

Natalia Simachkova

Keyword(s):

Road Construction ◽

Legal Regulation ◽

Public Private Partnership ◽

The State ◽

Infrastructure Projects ◽

Social Infrastructure ◽

Private Partnership ◽

Optimal Form ◽

Foreign Experience

In the article, public-private partnership (hereinafter - PPP) is analyzed as one of the ways to implement infrastructure projects. This form of cooperation arises primarily in those areas for which the state bears responsibility (for ex-ample, road construction, housing and communal services, healthcare, con-struction of social infrastructure facilities, etc.). Due to the strategic importance of the above spheres of the economy, the state can not completely abandon control over their functioning. At the same time, there is a need to maintain the operability of the objects included in them, as well as to attract additional (in addition to budget) funding. Based on foreign experience, the most optimal form of cooperation in this case is PPP.

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A Qualitative Analysis of Public Private Partnership (PPP) Project Contracts in the Roads Sector. A Contextual Elucidation of Uganda National Roads Authority (UNRA)

International Journal of Business Administration ◽

10.5430/ijba.v11n5p44 ◽

2020 ◽

Vol 11 (5) ◽

pp. 44

Author(s):

Innocent Nuwagaba ◽

Thekiso Molokwane

Keyword(s):

Agency Theory ◽

Road Construction ◽

Public Private Partnership ◽

Public Infrastructure ◽

Private Finance Initiative ◽

Private Partnership ◽

Design Build ◽

Principal Agency Theory ◽

Very High ◽

High Chance

Public Private Partnership Projects continue to gain momentum across the world. Governments in developing countries now find PPP projects as an alternative to conventional financing and providing public infrastructure. Guided by the principal agency theory, this study examines different types of PPP Project contracts in the roads sector with specific focus on the Uganda National Roads Authority (UNRA). Contracting out of projects in the roads sector has led to increased costs of road construction in Uganda. The main objectives of this study are to examine the relevance of the principal-agency theory to the adoption of PPP project contracts by UNRA and establish the types of PPP Project contracts suitable for adoption by UNRA. Data was collected through literature survey and interviews. Study findings revealed that Principal-Agency theory is relevant to adoption of PPP project contracts and that UNRA intends to use mainly management PPP contract. It is concluded that principal-agent relationship is very crucial if the execution of PPP Project contracts is to be a success and that there is a very high chance that UNRA is planning to also adopt the use of Build, Own and Transfer (BOT) PPP Project contract in the roads sector. The study recommends that UNRA should ensure a cordial relationship with private parties and not rely solely on management PPP contracts. The organisation should explore other PPP project contracts such as Private Finance Initiative, Leasing, Design Build, Build Operate and Transfer, and then Design Build and Finance. The choice of contracts should always be based on affordability and value for money.

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Investing in road construction infrastructure projects under public-private partnership in the form of concession

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu ◽

10.33271/nvngu/2021-2/184 ◽

2021 ◽

pp. 184-192

Author(s):

O Tsimoshynska ◽

M Koval ◽

H Kryshtal ◽

L Filipishyna ◽

W.E Arsawan ◽

...

Keyword(s):

Quality Function Deployment ◽

Methodological Approach ◽

Road Construction ◽

Public Private Partnership ◽

Operation Condition ◽

Investment Activity ◽

Private Partnership ◽

Quality Function ◽

Investment Projects ◽

Road Development

Purpose. To substantiate an approach to road development investment management in Ukraine in compliance with the principle of syncretism and the use of Quality Function Deployment methodology, to improve the methodological approach to calculating the concession fee for brown-field and green-field road concession projects. Methodology. The study used a set of general and special methods of cognition: the Quality Function Deployment (QFD) method, the environmental approach, multimodal analysis, Decoupling Index, Decoupling Factor, logical generalization, quantitative and qualitative comparison, scientific abstraction and systematization. Findings. According to the results of research on interrelation of cost of an investment project and volumes of works by their types, an economic-mathematical model of estimation of need for investments in projects for construction, reconstruction, repair and maintenance of public motor roads is offered. The proposed model, unlike the existing ones, is based on lateral understanding of the clarity of delineation of capital needs by type of road construction, which will provide taking management decisions on investment projects with model and information tools that will help obtain the most realistic assessment of need for capital needed to improve the transport operation condition of motor roads in Ukraine. Originality. The organizational-economic mechanism of management of investment activity of road economy and the estimation of efficiency of co-financing investment projects under programs on construction, reconstruction, repair and maintenance of motor roads is advanced. The diagnostics of efficiency of investment of construction of public motor roads under public-private partnership in the form of concession is improved. Practical value. The results of the study can be used in the activities of road industry of Ukraine for the development and implementation of investment projects under motor road development programs.

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