Perspectives on Criteria for Selection of Public-Financed Schemes of Public-Private Partnerships Infrastructure Projects

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

A chapter in Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 897-916 from Springer

Abstract: Abstract Public-private partnerships (PPPs) come in so many schemes and the selection of the right PPP model is crucial to the success of a project. Therefore, the purpose of this paper is to explore the criteria on the selection of the public-financed PPP scheme in developed and developing countries. Twenty-five PPP scheme selection criteria were identified based on a comprehensive review of existing literature and expert interviews. A web-based questionnaire survey was used to collect data with experienced PPP professionals from both industry and academic. The mean score ranking and Mann–Whitney U test was used to analyze the survey responses. The ranking results indicate that the top important criteria are related to the stability in political and legislation system as well as the mature legal system. The Mann–Whitney U test reveals that professionals from developed and developing countries view the importance of six out of 25 criteria differently. The results are hoped to develop the well-integrated decision-making framework for selection of the appropriate scheme for a particular project in both developing and developed countries.

Keywords: Public-Private partnerships; Scheme selection; Selection criteria; Public-financed (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_64

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DOI: 10.1007/978-981-15-8892-1_64

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