Chinese Public-Private Partnership (PPP) Project Development Characteristics: An Interview Study

Liuyiyi Yang (), Malindu Sandanayake (), Sajani Jayasuriya (), Hang Vu () and Guomin Zhang ()
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Liuyiyi Yang: RMIT University
Malindu Sandanayake: Victoria University
Sajani Jayasuriya: RMIT University
Hang Vu: RMIT University
Guomin Zhang: RMIT University

A chapter in Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 879-895 from Springer

Abstract: Abstract Public-private partnership (PPP) is an institutionalized form of cooperation between public and private sectors in delivering mutual products and services. China has developed the largest number of projects and investments with the involvement of private entities among developing countries. However, when comparing with the developed countries, due to the unique economic, cultural, legal and political background, PPP has its country-specific characteristics. This paper aims to address the main characteristics for China in PPP industry development. In this paper, a theoretical review provided a big picture of the current conditions of Chinese PPP development. Later, an expert interview was used to better define the characteristics of Chinese PPP projects focusing on the impacts they could exert on operation and maintenance stage. The findings show that the characteristics can be addressed in four categories: conception, return mechanism, management mechanism and PPP formulating mechanism. This research has a twofold implication: it provides a means of Chinese PPP characteristics focusing on the problems towards the later operation and maintenance stage and therefore, it can help to optimize stakeholder relationships to increase the collaboration of public and private party in engaging in PPP projects, as well as inspiring other researchers in this field.

Keywords: PPP projects; Characteristics; Interview; China (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-8892-1_63

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DOI: 10.1007/978-981-15-8892-1_63

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