scholarly journals Time and Cost Overrun Analysis in PPP Based Roads and Highway Projects in India

2020 ◽  
Vol 9 (4) ◽  
pp. 1761-1768
Keyword(s):  
Economic Development ◽  
Public Private Partnership ◽  
Cost Overrun ◽  
Construction Process ◽  
Highway Projects ◽  
Private Partnership ◽  
Degree Of Risk ◽  
The Government ◽  
The Impact

The economic development of any country depends upon infrastructure of roads and highways but its construction, process and maintenance of roads and highways is not as simple as it seems like as growth of roads and highway projects involves massive capital and time. Nevertheless, the government does not have the resources required for the resolution. Public private partnership (PPP) is the resolution of this problem however, roads and highway projects comprises higher degree of risk for the private players which demoralizes private parties from capitalizing in highway projects. This paper discovers the prevailing literature on risks involved in roads and highway projects and sources of time and cost overrun in roads and highway projects for the purpose of analysis of major risks which effects in time and cost overrun in PPP built roads and highway projects. This paper also defines the impact of recognized risks over and done with questioner survey.

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.

scholarly journals The impact of huge transport PPP projects on Russian Federation socio-economic development

2018 ◽  
Vol 170 ◽  
pp. 05002 ◽  
Author(s):  
Alisa Sablina ◽  
Viktor Dubolazov
Keyword(s):  
Economic Development ◽  
Data Analysis ◽  
Russian Federation ◽  
Public Private Partnership ◽  
Transport Infrastructure ◽  
Federal State ◽  
Private Partnership ◽  
Service Information ◽  
Socio Economic Development ◽  
The Impact

This article describes the main impact peculiarities of huge transport projects implemented by public-private partnership on Russian Federation socio - economic development. The research was based on the deep data analysis of changing socio-economic indicators of six different Russian regions (including regions of different federal districts), where were implemented (or are being implemented) of huge transport infrastructure projects, implemented by public-private partnership over the past 10 years. The method of statistical data analysis, obtained in the research, was conduct by using STATISTICA software package, Federal state statistics service information and Public-private partnership platform of infrastructural projects in Russian Federation.

scholarly journals PUBLIC- PRIVATE PARTNERSHIP: PROSPECTS FOR NIGERIAN ECONOMIC DEVELOPMENT

2020 ◽  
Vol 2 (1) ◽  
pp. 109-117
Author(s):  
Accord Aja ◽  
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Public Private Partnership ◽  
Regulatory Framework ◽  
Private Partnership ◽  
The Social ◽  
Social And Economic Development ◽  
The Government

Public private partnership has taken its root in Nigeria. This is caused by government’s lack of funding and the inefficient delivery as well as maintenance of existing infrastructures. The government alone cannot satisfy the infrastructural needs of its citizens hence, the need for a partnership between the government and the private sector with a view of combining resources to provide the infrastructure needed for the social and economic development of the country. This paper examines the challenges militating against Public Private Partnership (PPP) in Nigeria and the underlying prospects of PPP for economic development. The paper recommends that stakeholders in PPP should be adequately trained and a well-functioning regulatory framework put in place.

THE МEANING OF PUBLIC-PRIVATE PARTNERSHIP FOR DEVELOPMENT OF LOCAL SELF-GOVERNMENT

2018 ◽  
Vol 28 (1) ◽  
pp. 351-356
Author(s):  
Sandra Risteska
Keyword(s):  
European Union ◽  
Economic Development ◽  
Rapid Development ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Successful Implementation ◽  
Economic Policies ◽  
The European Union ◽  
Private Partnership ◽  
Public And Private Sector

Each country strives for growing economic development, but no country is able to implement it. Various experiences and projects from the countries of the European Union and other neighboring countries are taken and considered. Towards the end of the 20th century and at the beginning of the 21st century, economic movements are increasingly relying on public-private partnerships, which can lead to a rapid development process through the financing of infrastructure projects. Economic globalization, as well as the emergence of new opportunities for economic activity in the world, are aimed at cooperation of the authorities and businesses in the realization of the socio-economic policies. The implementation and realization of development projects through public-private partnerships is impossible without participation by the relevant institutions of the public and private sector. Above all, direct participation implies expertise, experience and education. Every project that will be realized through various forms of public-private partnership must fulfill certain conditions. Among the conditions for proper implementation of the project are: dialogue, transparency and monitoring. The main feature of PPP is the transfer of the risk to the financing, efficiency and quality of public services, which are usually the burden of the private partner. This paper analyzes and explores the essence of public-private partnership. The conceptual framework for public-private partnership, as well as its strengths and weaknesses, is set. With the application of PPP, the economic development of the infrastructure as a whole, and in particular the development of local infrastructure, is analyzed. The origin of PPPs, its characteristics, as well as the need and importance for their continuous implementation are explained. The application of PPP is considered through the experiences in certain countries of the European Union and the Republic of Macedonia. Then, the responses to previously hypothesized hypotheses are collected: what is the successful implementation of PPP, what is needed for PPPs and why. In the end, the data from the conducted research are collected, analyzed and determined the profile of certain activities, as well as the possible decisions for further strategies for the implementation of the PPPs.

FORMS OF PUBLIC-PRIVATE PARTNERSHIP IN THE SYSTEM OF GUARANTEE OF NATURAL TECHNOLOGICAL AND ENVIRONMENTAL SAFETY

2019 ◽  
pp. 34-40 ◽  
Author(s):  
Anatolii Stepanenko ◽  
Alla Omelchenko
Keyword(s):  
Economic Development ◽  
Environmental Safety ◽  
Public Private Partnership ◽  
Financial Resources ◽  
Private Partnership ◽  
Investment Projects ◽  
Ecological Infrastructure

The essence and significance of public-private partnership (PPP) are disclosed, its forms and role as the key tool for solving important problems of balanced economic development are highlighted due to the involvement in the implementation of strategies of private operators. Defined forms of cooperation aimed at organizing interaction under the «business-government-community» scheme, the classification of PPP types is described, its forms and significance are analyzed in the system of providing of natural and technological and environmental safety on the basis of preventive safety. The promotion of the partnership mechanism in preserving and developing the ecological infrastructure is disclosed. The use of PPP as a mechanism for attracting investment projects to financial resources, redistributing risks and strengthening the responsibility of PPP parties for the implementation of investment projects is shown.

ANALYSIS OF THE STATE AND PROBLEMS OF PUBLIC-PRIVATE PARTNERSHIP DEVELOPMENT IN THE REGION

2021 ◽  
Vol 3 (9) ◽  
pp. 87-94
Author(s):  
S. V. NEZHDAI ◽  
◽  
A. Yu. LUKYANOVA ◽  
I. S. GRUZINOVA ◽  
A. A. PROSTYAKOV ◽  
...  
Keyword(s):  
Economic Development ◽  
Public Private Partnership ◽  
The State ◽  
Private Business ◽  
Public Authorities ◽  
Private Partnership ◽  
Federal Level ◽  
Partnership Development ◽  
The Social ◽  
Social And Economic Development

The article shows that, in general, cooperation between public authorities and private business is one of the most important factors that generally affect the social and economic development of territories. The powers in the field of organizational and regulatory regulation of public-private partnership issues at the federal level are considered.

scholarly journals Public Private Partnership (PPP) in Malaysia

2018 ◽  
Vol 2 (4) ◽  
pp. 9-13
Author(s):  
Mahirah Rafie
Keyword(s):  
Future Study ◽  
Public Private Partnership ◽  
New Method ◽  
Private Partnership ◽  
Implementation Project ◽  
Potential Benefits ◽  
The Government

Public Private Partnership (PPP) is not a new method of development in a country. In Malaysia, concept of PPP had been used almost four decades after Malaysian Incorporated Policy had been introduced by the government. The objectives of this present study is to scrutinize defining the concept of PPP, the evolution of implementation PPP, and also characteristic and criteria of PPP based on Public Private Partnership Guidelines. This paper also examines the potential benefits of PPP implementation in Malaysia based on the previous study. Last but not least, issues and recommendation for future study has been suggested to enhance PPP implementation project.

scholarly journals THE IMPACT OF TAXATION AS AN AID TO ECONOMIC DEVELOPMENT (APPLIED STUDY IN KURDISTAN REGIONAL GOVERNMENT)

2020 ◽  
Author(s):  
Amanj Mohamed Ahmed ◽  
Muhammad Nawzad Ali
Keyword(s):  
Economic Development ◽  
Primary Source ◽  
Educational Systems ◽  
Secondary Source ◽  
Probability Method ◽  
Regional Government ◽  
Chi Square ◽  
The Government ◽  
Taxation System ◽  
The Impact

<p><em>This research was carried out to determine the weight of taxation in economic development, the main purpose is to discover the level of impact of taxation on economic development or if it has any impact. Another key objective is to improve the level of understandability and find probable solutions toward issues in taxation within the Kurdistan region, as well as unveiling the Kurdistan Regional Government’s taxation system in compliance with the up to date old Iraqi tax laws. KRG is barely surviving this crisis, with the increase of unemployment and poverty could taxation work as an aid to support the piles of the region. The current corruption in the government that does not use tax money efficiently and lack of transparency has been evaluated. Primary and secondary research methods were used to be able to gather information in order to reach an understanding. The primary source of data includes personal interviews and questionnaires, meanwhile, the secondary source of data includes the use of textbooks, social media, internet, and newspapers. Non-probability method of sampling was used in selecting the respondents. The study used the standard deviation, chi-square formula, and tables for the method of the examination. The results clearly illustrates that the government should</em> <em>commence the critical pursuit of broadening regional economy in order to improve economic growth and expansion and to become meticulous to fight with real corruption. The limitation and resources should be expanded by the government and bring taxation back to life through educational systems and social awareness.</em></p>

Explaining Public-Private Partnership Projects through Political Factors: An Assessment of Developing Countries

2021 ◽  
pp. 003232172110403
Author(s):  
Noemí Peña-Miguel ◽  
Beatriz Cuadrado-Ballesteros
Keyword(s):  
Developing Countries ◽  
Political Ideology ◽  
Political Competition ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Left Wing ◽  
Political Factors ◽  
Middle Income ◽  
Private Partnership ◽  
The Government

This article analyses the effect of political factors on the use of Public Private Partnerships in developing countries. According to a sample of 80 low- and middle-income countries over the period 1995–2017, our findings suggest that Public Private Partnership projects are affected by political ideology, the strength of the government and electoral cycles. Concretely, they tend to be used by left-wing governments to a greater extent than governments with other ideologies. Public Private Partnerships also tend to be more frequently used by fragmented governments and when there is greater political competition. There is also some evidence (although slight) on the relevance of the proximity of elections in explaining Public Private Partnerships in developing countries.

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