Major Obstacles to Public-Private Partnership (PPP)-Financed Infrastructure Development in China

Toriqul Bashar, Ivan W. H. Fung, Lara Celine Jaillon and Di Wang
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Toriqul Bashar: Institute for Social Policy, Housing and Equalities Research, Heriot-Watt University, Edinburgh EH14 4AS, UK
Ivan W. H. Fung: Department of Architecture and Civil Engineering, City University of Hong Kong, Hong Kong, China
Lara Celine Jaillon: Department of Architecture and Civil Engineering, City University of Hong Kong, Hong Kong, China
Di Wang: Department of Architecture and Civil Engineering, City University of Hong Kong, Hong Kong, China

Sustainability, 2021, vol. 13, issue 12, 1-14

Abstract: Public-private partnership (PPP)-led infrastructure development has been crucial in China as it has in many other countries. However, several obstacles in the field tend to challenge its development. Based on survey responses from PPP practitioners and professionals in Hong Kong and mainland China, this study analyzes and ranks the key barriers to PPP projects. Our findings suggest that both groups classify the critical obstacles to PPP consistently, albeit with some divergences in ranking them. Reflecting mainly from the perspective of professionals, the study also proposes some suggestions for mitigating these obstacles, so it could contribute to the effective formulation of PPP and successful implementation of PPP-led infrastructure projects in China as well as elsewhere.

Keywords: PPP; obstacles; project failure; infrastructure; sustainable development; China (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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